How H World Group Limited American Depositary Shares makes money

Period

FY2025

How does H World Group Limited American Depositary Shares make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

H World Group Limited American Depositary Shares · FY2025 · year ended 2025-12-31

Revenue$3.5BGross profit$3.5B · 100%Cost of revenue$0 · 0%Operating income$975M · 28%Operating expenses$2.5B · 72%SG&A$321M · 9%Selling & marketing$182M · 5%Other opex$2.0B · 58%Pre-tax income$1.0B · 29%Other income$60M · 2%Net income$726M · 21%Income tax$309M · 9%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.