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Intercontinental Hotels Group (IHG)
NYSE: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 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook: strong system growth (gross 6.6%, net 4.7%), margin expansion (+360 bps), double-digit EPS and EBIT growth, robust cash generation and an increased buyback program. Management acknowledged several near-term timing and mix headwinds — notably fee-income timing noise from a record level of openings, renovation-related disruptions, lumpy key-money recognition, and China’s gradual recovery — but positioned these as temporary dynamics that should normalize and turn into tailwinds. Given the weight of strong development activity, margin gains, loyalty/ancillary momentum and capital-return commitments versus primarily timing-related challenges, the overall tone is constructive and optimistic.Company Guidance
Revenue per Available Room (RevPAR) Growth
RevPAR grew 1.5% in 2025, with early 2026 trading indicators positive across all three regions and China turning positive in Q4 2025 (+1.1%).
Strong System Growth and Development Activity
Gross system growth of 6.6% and net system growth of 4.7% in 2025 (4th consecutive year of acceleration). Signed over 102,000 rooms across 694 hotels (a 9% increase vs. 2024 when excluding certain acquisitions); pipeline grew 4.4% and openings were strong (~10%).
Fee Margin Expansion
Fee margin expanded by 360 basis points in 2025, driven by operating leverage and step-ups in ancillary fee streams.
Profitability and EPS Gains
EBIT grew 13% and adjusted EPS grew 16% in 2025, supported in part by completion of the $900 million 2025 share buyback.
Share Buyback and Capital Returns
Completed $900 million buyback in 2025 and announced a new $950 million share buyback program for 2026; management reiterated commitment to continued buybacks while maintaining target leverage range (2.5–3.0).
Cost Efficiency and Margin Management
Operating costs reduced ~3% in 2025 following multi-year strategic cost initiatives (2024 +1% then 2025 -3%); management expects low/very low single-digit cost growth on average going forward and some continued program savings in 2026 (c. +1% cost growth guidance for 2026).
Loyalty, Ancillaries and Card Fees Momentum
IHG One Rewards membership increased to ~160 million (from ~145m), with members representing ~66% of global room nights (72–73% in U.S.); credit card and ancillary fees doubled since 2023 and are expected to grow >10% next year with management targeting a ~3x increase in card fees by 2028.
New Brands and Product Expansion
Launched Noted Collection; expanded Luxury & Lifestyle offerings and branded residences pipeline (30 projects currently). Branded residence fees were modest in 2025 ($5–10m) but management expects substantial increases from 2027 onward.
China Recovery and Scale
China business showed sequential improvement with Q4 2025 RevPAR +1.1%; company highlighted 880+ hotels open, 550+ under development, record signings and openings and expressed confidence in improving unit economics as hotels ramp up.
Strong cash conversion and balance sheet actions
Management reiterated ~100% conversion of adjusted earnings into cash flow on average, refinement of debt profile (RCF refinance, removal of certain covenants, reduced currency translation exposure) and a commitment to disciplined capital allocation.
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
IHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $146.13 | $148.23 | +1.44% |
Aug 07, 2025 | $115.92 | $123.19 | +6.27% |
Feb 18, 2025 | $131.55 | $128.38 | -2.41% |
Aug 06, 2024 | $92.96 | $93.09 | +0.14% |
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 Group (IHG) report earnings?
Intercontinental Hotels Group (IHG) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Intercontinental Hotels Group (IHG) earnings time?
Intercontinental Hotels Group (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 IHG EPS forecast?
IHG EPS forecast for the fiscal quarter 2026 (Q2) is 2.62.