IHG financial statements
The full income statement, balance sheet, and cash-flow statement for Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share) (IHG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.19B+5.4% | 4.92B+6.5% | 4.62B+18.8% | 3.89B+33.9% | 2.91B+21.4% | |
| Cost of revenue | 764M+2.6% | 745M+0.4% | 742M+14.5% | 648M+33.3% | 486M+37.3% | |
| Operating income | 1.20B+15.1% | 1.04B-2.3% | 1.07B+69.7% | 628M+27.1% | 494M+422.9% | |
| Interest expense | 202M+13.5% | 178M+41.3% | 126M+6.8% | 118M-19.7% | 147M+2.1% | |
| Pre-tax income | 1.07B+19.7% | 897M-11.2% | 1.01B+87.0% | 540M+49.6% | 361M+228.9% | |
| Income tax | 315M+17.1% | 269M+3.5% | 260M+58.5% | 164M+70.8% | 96.0M+580.0% | |
| 759M+20.9% | 628M-16.3% | 750M+99.5% | 376M+41.9% | 265M+201.9% | ||
| Net income to common | 758M+20.7% | 628M-16.3% | 750M+100.0% | 375M+41.0% | 266M+202.3% | |
| $4.87+26.3% | $3.85-12.7% | $4.41+114.2% | $2.06+42.5% | $1.45+201.2% | ||
| EPS (basic) | $4.91+26.0% | $3.90-12.2% | $4.44+114.2% | $2.07+42.5% | $1.45+201.7% | |
| Weighted-avg shares (basic) | 154M-4.2% | 161M-4.6% | 169M-6.6% | 181M-1.1% | 183M+0.5% | |
| Weighted-avg shares (diluted) | 156M-4.4% | 163M-4.1% | 170M-6.6% | 182M-1.1% | 184M+1.1% | |
| Dividends per share | $1.73+10.1% | $1.57+10.1% | $1.43+10.0% | $1.30 | $0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.05B+9.6% | 1.87B-12.2% | 2.13B+26.9% | 1.68B-18.8% | 2.07B-7.9% | ||
| Cash & equivalents | 1.13B+12.0% | 1.01B-23.8% | 1.32B+35.5% | 976M-32.7% | 1.45B-13.4% | |
| Accounts receivable | 833M+6.1% | 785M+6.1% | 740M+14.6% | 646M+12.5% | 574M+11.7% | |
| Inventory | 5.00M+25.0% | 4.00M-20.0% | 5.00M+25.0% | 4.00M+0.0% | 4.00M-20.0% | |
| 5.34B+12.6% | 4.75B-1.4% | 4.81B+14.2% | 4.22B-10.6% | 4.72B-6.4% | ||
| Property, plant & equipment | 148M+1.4% | 146M-4.6% | 153M-2.5% | 157M+14.6% | 137M-31.8% | |
| Goodwill | 335M+1.2% | 331M-1.5% | 336M+0.3% | 335M-1.8% | 341M | |
| Total non-current assets | 3.30B+14.5% | 2.88B+7.3% | 2.68B+5.8% | 2.54B-4.2% | 2.65B-5.2% | |
| 2.10B+8.9% | 1.93B-12.0% | 2.19B+41.8% | 1.54B-4.9% | 1.62B-13.0% | ||
| Short-term & current debt | 478M+20.1% | 398M-33.6% | 599M+989.1% | 55.0M-81.2% | 292M-66.4% | |
| 8.08B+14.5% | 7.06B+4.4% | 6.76B+16.1% | 5.82B-5.9% | 6.19B-10.1% | ||
| Long-term debt | 3.72B+29.5% | 2.88B+12.0% | 2.57B+9.7% | 2.34B-8.3% | 2.55B-11.9% | |
| -2.74B-18.6% | -2.31B-18.6% | -1.95B-20.7% | -1.61B-9.0% | -1.48B+20.2% | ||
| Total equity incl. non-controlling | -2.74B-18.5% | -2.31B-18.6% | -1.95B-21.0% | -1.61B-9.1% | -1.47B+20.3% | |
| Common shares issued | 157M-4.8% | 165M-4.1% | 172M-6.0% | 183M-2.1% | 187M+0.0% | |
| Shares outstanding (cover) | 165M+0.0% | 165M-4.4% | 172M-5.9% | 183M-2.5% | 188M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 898M+24.0% | 724M-18.9% | 893M+38.2% | 646M+1.6% | 636M+364.2% | ||
| Depreciation & amortization | 67.0M+3.1% | 65.0M-3.0% | 67.0M-1.5% | 68.0M-30.6% | 98.0M-10.9% | |
| Capital expenditure | 28.0M-3.4% | 29.0M+3.6% | 28.0M-48.1% | 54.0M+217.6% | 17.0M-34.6% | |
| Free cash flow | 870M+25.2% | 695M-19.7% | 865M+46.1% | 592M-4.4% | 619M+457.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 75.0M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 75.0M | 0.00 | 0.00-100.0% | 209M-74.8% | 828M+185.5% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 812M+6.1% | 765M+49.1% | 513M | 0.00 | |
| Dividends paid | 270M+4.2% | 259M+4.4% | 248M+6.4% | 233M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 21.9B+6.6% | 20.6B+23.2% | 16.7B+52.5% | 11.0B-10.5% | 12.2B+0.1% | |
| P/E | 28.9×-11.8% | 32.8×-26.2% | 44.4×+7.4% | 41.3×-10.5% | 46.2× | |
| P/S | 4.2×+1.2% | 4.2×-2.6% | 4.3×+13.9% | 3.8×-10.5% | 4.2×-17.5% | |
| P/FCF | 25.2×-14.8% | 29.6×+5.0% | 28.2×+59.4% | 17.7×-10.5% | 19.8×-82.0% | |
| Earnings yield | 3.5%+13.3% | 3.1%+35.5% | 2.3%-6.9% | 2.4%+11.8% | 2.2% | |
| FCF yield | 4.0%+17.4% | 3.4%-4.7% | 3.5%-37.3% | 5.7%+11.8% | 5.1%+456.9% | |
| Dividend yield | 1.2%-2.4% | 1.3%-19.6% | 1.6%-29.6% | 2.2% | 0.00% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: IHG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IHG filings on SEC EDGAR → Not investment advice.