Filing Flows › Intercontinental Hotels Group (IHG) › H2 2025
Intercontinental Hotels Group (IHG) H2 2025 earnings results (H2 2025)
20-F filed Feb 26, 2026
Intercontinental Hotels Group (IHG) reported revenue of $2.7B for the H2 2025 (H2 2025) and +6% from the quarter before. Operating margin was 21.5%, net earnings $290M (10.9% of revenue).
Intercontinental Hotels Group, H2 2025: revenue $2.7B, operating margin 21.5%, net earnings $290M, operating cash flow $586M. The chart follows the revenue to costs, profit and cash.
| H2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +6% | — |
| Operating profit | $575M | -8% | — |
| Net earnings | $290M | -38% | — |
| Operating cash flow | $586M | +88% | — |
| Free cash flow | $569M | +89% | — |
What changed
Revenue was $2.7B in H2 2025, up 6% from the previous half.
Operating profit was $0.57B, a 21.5% margin. Net earnings were $0.29B. The effective tax rate was 34.2%.
Operating cash flow was $0.59B, 202% of net earnings. Working capital and other items added $0.30B. Capital expenditures of $0.02B left free cash flow of $0.57B.
Questions
What was Intercontinental Hotels Group's revenue in the H2 2025?
Intercontinental Hotels Group (IHG) reported revenue of $2.7B for the H2 2025 (H2 2025) and +6% from the quarter before.
Was Intercontinental Hotels Group profitable in the H2 2025?
Operating profit was $575M (21.5% of revenue) and net earnings $290M.