Filing Flows › Intercontinental Hotels Group (IHG) › H1 2026
Intercontinental Hotels Group (IHG) H1 2026 earnings results (H1 2026)
6-K filed Aug 11, 2026
Intercontinental Hotels Group (IHG) reported revenue of $2.7B for the H1 2026 (H1 2026), +6% from a year earlier. Operating margin was 25.2%, net earnings $425M (16.0% of revenue).
Intercontinental Hotels Group, H1 2026: revenue $2.7B (+6% year over year), operating margin 25.2%, net earnings $425M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
| H1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | — | +6% |
| Operating profit | $671M | — | +8% |
| Net earnings | $425M | — | -9% |
| Operating cash flow | $355M | — | +14% |
| Free cash flow | $345M | — | +15% |
What changed
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.
Questions
What was Intercontinental Hotels Group's revenue in the H1 2026?
Intercontinental Hotels Group (IHG) reported revenue of $2.7B for the H1 2026 (H1 2026), +6% from a year earlier.
Was Intercontinental Hotels Group profitable in the H1 2026?
Operating profit was $671M (25.2% of revenue) and net earnings $425M.