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Intercontinental Hotels Group (IHG) earnings and revenue breakdown
Latest: H1 2026 · 6-K filed Aug 11, 2026 · Intercontinental Hotels Group (IHG) H1 2026 earnings results →
H1 2026 Revenue up 6% year over year to $2.7B · 16¢ of every $1 of revenue kept as net profit · operating margin 25.2%
Intercontinental Hotels Group made $2.7B in H1 2026 (+6% Y/Y): System Fund and reimbursable revenues $1.4B, Revenue from reportable segments c $1.3B. Operating margin 25.2%, net earnings $425M. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Aug 11, 2026.
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What changed this quarter
Revenue was $2.7B in H1 2026, up 6% year over year. System Fund and reimbursable revenues was the largest line at 53% of revenue. System Fund and reimbursable revenues added $0.06B year over year (up 4%), 43% of the total change.
Operating profit was $0.67B, a 25.2% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 25% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $0.42B, down 9% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.35B (up 14% year over year), 84% of net earnings. Working capital and other items used $0.07B. Capital expenditures of $0.01B left free cash flow of $0.34B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| H1 2026 | 6-K | Aug 11, 2026 | $2.7B | +6% | 25.2% | $425M | $355M |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Intercontinental Hotels Group
IHG Hotels & Resorts (tickers: LON:IHG for Ordinary Shares, ISIN: GB00BHJYC057; NYSE:IHG for ADRs, ISIN: US45857P8068) is a global hospitality company, with a purpose to provide True Hospitality for Good. With a family of 21 hotel brands and IHG One Rewards , one of the world’s largest hotel loyalty programmes with over 160 million members, IHG has more than one million rooms across 7,100 hotels in over 100 countries, and a development pipeline of a further 2,400 properties.
In its own words, from its 6-K, filed Aug 11, 2026.
Intercontinental Hotels Group against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +2%. Operating margin: 25.2% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IHG Intercontinental Hotels Group | H1 2026 | $2.7B | +6% | 25.2% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
Source: Intercontinental Hotels Group 6-K on SEC EDGAR · CIK 858446 · Hotels & Motels
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Every quarter: H1 2026 results
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