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InterContinental Hotels (GB:IHG)
LSE:IHG
Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.62Last Year’s EPS
1.87Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely constructive and confident. Management highlighted strong system growth, record openings, meaningful fee-margin expansion (+360 bps), double-digit ancillary/card fee momentum, sustained cost discipline (costs down ~3% in 2025) and continued capital returns (completed $900M buyback and announced $950M program). They also emphasized tech/AI investments, loyalty growth (160M members, 66% of nights) and a China recovery turning positive in Q4 2025 and into early 2026. Key near-term challenges are mainly timing and mix-related (fee triangulation, key-money lumpy timing, ramping hotels, renovations), modest RevPAR growth in 2025 (1.5%), and localized owner-economics questions in low-RevPAR China markets. Overall, management frames the negatives as temporary or normalization effects while pointing to multiple structural growth drivers, supporting an upbeat outlook.Company Guidance
System Growth and Record Openings
Gross system growth of 6.6% and net system growth of 4.7% in FY2025; signed over 102,000 rooms across 694 hotels (a 9% increase versus 2024 when excluding the Ruby acquisition and NOVUM agreement); pipeline grew 4.4% and openings were strong at 10%.
Revenue and Profitability Gains
RevPAR grew by 1.5% in FY2025; EBIT increased 13% year-over-year and adjusted EPS grew 16% (management highlights these as key outcomes of 2025 performance).
Fee Margin Expansion and Ancillary Revenue Momentum
Fee margin expanded by 360 basis points driven by operating leverage and step-ups in ancillary fee streams. Management doubled card and ancillary fees versus 2023 and expects double-digit growth (>10%) in ancillaries going forward, with a goal to triple card-related fees by 2028.
Strong Capital Returns and Balance Sheet Progress
Completed FY2025 $900 million share buyback and announced a new $950 million program. Management reports net debt and leverage back within target range (stated leverage range 2.5%–3%) and improved liquidity/covenant flexibility after RCF refinance.
Loyalty Program and Direct Demand Strength
IHG One Rewards membership reached ~160 million (up from ~145 million), with members accounting for ~66% of global room nights (72%–73% in the U.S.), supporting direct demand, credit card sign-ups (double-digit increases) and higher ancillary revenues.
China Trending Positive and Regional Tailwinds
Management reports China RevPAR bottomed and turned positive in Q4 2025 (+1.1%); early 2026 trading indicators positive across all three regions. China now has ~880 hotels open and ~550 under development, with signs of continued recovery and contribution to Southeast Asia outbound demand.
Cost Efficiency and Technology/AI Investments
Company delivered ~3% reduction in costs in 2025 (following low single-digit cost growth in 2024) through strategic cost programs, process redesign and technology (including AI-ready systems). Management expects cost base to remain controlled (low single-digit range) while continuing investments in tech, loyalty CRM and revenue management AI.
New Brand and Branded Residences Opportunity
Launched the Noted Collection brand and highlighted Luxury & Lifestyle expansion (Regent, Six Senses). Branded Residences business currently contributed modestly (~$5–$10 million) but is expected to deliver a substantial increase starting in 2027 and beyond.
GB:IHG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:IHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $144.50 | $146.10 | +1.11% |
Aug 07, 2025 | $115.14 | $122.47 | +6.36% |
Feb 18, 2025 | $132.79 | $126.61 | -4.65% |
Aug 06, 2024 | $91.90 | $92.24 | +0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does InterContinental Hotels (GB:IHG) report earnings?
InterContinental Hotels (GB:IHG) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is InterContinental Hotels (GB:IHG) earnings time?
InterContinental Hotels (GB:IHG) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of InterContinental Hotels stock?
The P/E ratio of InterContinental Hotels is N/A.
What is GB:IHG EPS forecast?
GB:IHG EPS forecast for the fiscal quarter 2026 (Q2) is 2.62.