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H World Group Ltd

HWLDF
Exchange
OTC
Industry
Hotels & Motels
SEC CIK
0001483994

No open-market purchases or sales by H World Group Ltd insiders were filed in the last 90 days; no institution reported holding it in 13F filings for Q2 2026; no superinvestor holds it.

Other share classesHTHT

Currency
CNY
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 1:16 PM ET

Amounts are in CNY, the currency H World Group Ltd reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of H World Group Ltd, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
RevenueCNY 25.3B≈ US$3.52BCNY 23.9B≈ US$3.32BCNY 21.9B≈ US$3.09BCNY 13.9B≈ US$2.06BCNY 12.8B≈ US$1.98B
Selling, general and administrativeCNY 2.26BCNY 2.51BCNY 2.09BCNY 1.68BCNY 1.54B
Operating incomeCNY 6.82BCNY 5.20BCNY 4.71BCNY -294.0MCNY 164.0M
Interest expense––CNY 385.0MCNY 409.0MCNY 405.0M
Income taxCNY 2.16BCNY 1.66BCNY 1.20BCNY 207.0MCNY 12.0M
Net incomeCNY 5.08B≈ US$706.9MCNY 3.05B≈ US$423.6MCNY 4.08B≈ US$577.3MCNY -1.82B≈ US-$271.2MCNY -465.0M≈ US-$72.1M
EPS, basicCNY 1.65CNY 0.98CNY 1.28CNY -0.59CNY -0.15
EPS, dilutedCNY 1.60CNY 0.96CNY 1.25CNY -0.59CNY -0.15
Weighted shares, basic3.07B3.12B3.18B3.11B3.11B
Weighted shares, diluted3.25B3.28B3.35B3.11B3.11B
Margins and growth
Operating margin26.9%21.8%21.5%-2.1%1.3%
Net margin20.1%12.8%18.7%-13.1%-3.6%
Revenue growth, year over year+5.9%+9.2%+57.9%+8.4%+25.4%
Net income growth, year over year+66.7%−25.4%–––

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of H World Group Ltd, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Cash and equivalentsCNY 10.4BCNY 7.47BCNY 6.95BCNY 3.58BCNY 5.12B
Short-term investmentsCNY 4.89BCNY 3.60BCNY 2.19B––
Accounts receivableCNY 723.0MCNY 817.0MCNY 755.0MCNY 1.11BCNY 521.0M
InventoryCNY 57.0MCNY 60.0MCNY 59.0MCNY 70.0MCNY 88.0M
Total current assetsCNY 17.4BCNY 13.2BCNY 12.1BCNY 9.18BCNY 9.55B
Property, plant and equipmentCNY 5.23BCNY 5.68BCNY 6.10BCNY 6.78BCNY 7.06B
GoodwillCNY 5.43BCNY 5.22BCNY 5.32BCNY 5.20BCNY 5.13B
Intangible assetsCNY 5.03BCNY 4.78BCNY 5.28BCNY 5.28BCNY 5.38B
Total assetsCNY 64.8B≈ US$9.26BCNY 62.6B≈ US$8.57BCNY 63.5B≈ US$8.95BCNY 61.5B≈ US$8.92BCNY 63.3B≈ US$9.93B
Accounts payableCNY 1.02BCNY 983.0MCNY 1.02BCNY 1.17BCNY 968.0M
Short-term debtCNY 5.34BCNY 880.0MCNY 4.05BCNY 3.29BCNY 6.23B
Total current liabilitiesCNY 19.1BCNY 13.3BCNY 17.4BCNY 13.1BCNY 15.3B
Long-term debtCNY 479.0MCNY 4.55BCNY 1.26BCNY 6.63BCNY 3.56B
Total liabilitiesCNY 51.8BCNY 50.3BCNY 51.3BCNY 52.7BCNY 52.2B
Shareholders' equityCNY 13.0BCNY 12.3BCNY 12.2BCNY 8.80BCNY 11.0B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of H World Group Ltd, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Operating cash flowCNY 8.38B≈ US$1.17BCNY 7.52B≈ US$1.04BCNY 7.67B≈ US$1.08BCNY 1.56B≈ US$232.9MCNY 1.34B≈ US$208.0M
Depreciation and amortizationCNY 1.26BCNY 1.33BCNY 1.41BCNY 1.46BCNY 1.50B
Stock-based compensationCNY 420.0MCNY 322.0MCNY 143.0MCNY 87.0MCNY 109.0M
Dividends paidCNY 3.91BCNY 3.48B–CNY 416.0M–
Share buybacksCNY 783.0MCNY 1.17BCNY 848.0MCNY 334.0MCNY 0
Investing cash flowCNY -1.04BCNY -2.24BCNY -1.48BCNY -522.0MCNY -1.40B
Financing cash flowCNY -4.31BCNY -5.50BCNY -3.72BCNY -1.39BCNY -1.80B
Net change in cashCNY 3.00BCNY -195.0MCNY 2.64BCNY -55.0MCNY -1.95B
Ratio
Stock-based compensation, % of revenue1.7%1.3%0.7%0.6%0.9%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for H World Group Ltd by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 20253.07B−0.4%SEC
Dec 31, 20243.08B−2.4%SEC
Dec 31, 20233.16B+1.5%SEC
Dec 31, 20223.11B−3.5%SEC
Dec 31, 20213.22B+903.8%SEC
Dec 31, 2020321.3M+8.4%SEC
Dec 31, 2019296.3M+1.0%SEC
Dec 31, 2018293.5M+0.9%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert CNY at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.