Filing Flows › Intercontinental Hotels Group (IHG) › H2 2025 › vs H1 2025
Intercontinental Hotels Group (IHG) H2 2025 vs H1 2025 (quarter over quarter)
Intercontinental Hotels Group's revenue rose $151M (+6%) from $2.5B in H1 2025 to $2.7B in H2 2025. Operating margin 21.5% against 24.7% (-3.2 pts).
Intercontinental Hotels Group, H2 2025: revenue $2.7B, operating margin 21.5%, net earnings $290M, operating cash flow $586M. The chart draws each line against H1 2025, the increases inside each band.
Margins
| H2 2025 | H1 2025 | Change | |
|---|---|---|---|
| Operating margin | 21.5% | 24.7% | -3.2 pts |
| Net margin | 10.9% | 18.6% | -7.8 pts |
| Free cash flow margin | 21.3% | 11.9% | +9.4 pts |
Every line
| Line | H2 2025 | H1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.7B | $2.5B | $151M | +6% |
| Operating profit | $575M | $623M | −$48.0M | -8% |
| Costs & expenses | $2.1B | $1.9B | $199M | +10% |
| Pre-tax earnings | $441M | $633M | −$192M | -30% |
| Other expense, net | $134M | −$10.0M | $144M | — |
| Net earnings | $290M | $469M | −$179M | -38% |
| Income tax | $151M | $164M | −$13.0M | -8% |
| Working capital & other | $296M | −$157M | $453M | — |
| Operating cash flow | $586M | $312M | $274M | +88% |
| Free cash flow (OCF − capex) | $569M | $301M | $268M | +89% |
| Capital expenditures | $17.0M | $11.0M | $6.0M | +55% |
Questions
How much did Intercontinental Hotels Group's revenue grow quarter over quarter in H2 2025?
Intercontinental Hotels Group's revenue rose $151M (+6%) from $2.5B in H1 2025 to $2.7B in H2 2025. Operating margin 21.5% against 24.7% (-3.2 pts).