Filing Flows › Intercontinental Hotels Group (IHG) › Operating margin
Intercontinental Hotels Group (IHG) operating margin by quarter
Intercontinental Hotels Group's operating margin was 25.2% in H1 2026 (H1 2026), +3.7 pts from H2 2025. Over the last 3 quarters it ranged from 21.5% (H2 2025) to 25.2% (H1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| H1 2026 | 25.2% | +3.7 pts | — |
| H2 2025 | 21.5% | -3.2 pts | — |
| H1 2025 | 24.7% | — | — |
H1 2026 at a glance
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.
Questions
What is Intercontinental Hotels Group's operating margin?
Intercontinental Hotels Group's operating margin was 25.2% in H1 2026 (H1 2026), +3.7 pts from H2 2025.
How has Intercontinental Hotels Group's operating margin changed?
Over the last 3 quarters it ranged from 21.5% (H2 2025) to 25.2% (H1 2026).
H1 2026 results → · How Intercontinental Hotels Group makes money →