InterContinental Hotels Group PLC (IHG) Financial Statements

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InterContinental Hotels Group financial statements at a glance

InterContinental Hotels Group reported revenue of $5.19 billion for fiscal year 2025 (ended December 31, 2025), up 5.4% from fiscal year 2024. Net income was $758.00 million, a net margin of 14.6%, and diluted earnings per share were $4.87.

At the end of fiscal year 2025 it had total assets of $5.35 billion, total liabilities of $8.08 billion and shareholders' equity of -$2.74 billion, with cash and short-term investments of $1.11 billion and total debt of $4.61 billion.

Its operations brought in $898.00 million of cash; capital spending was $77.00 million, leaving free cash flow of $821.00 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

IHG logo

InterContinental Hotels Group PLC

IHGUnited Kingdom
Consumer-Oriented Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
5.19B
Prev Year: 4.92B
YoY: +5.4%
Operating Revenue
5.19B
Prev Year: 4.92B
YoY: +5.4%
Total Unusual Items Excluding Goodwill
-31.00M
Prev Year: -14.00M
YoY: -121.4%
Total Unusual Items
-31.00M
Prev Year: -14.00M
YoY: -121.4%
Normalized EBITDA
1.45B
Prev Year: 1.26B
YoY: +14.9%
Tax Rate for Calcs
0.293
Prev Year: 0
Tax Effect of Unusual Items
-9.09M
Prev Year: -4.20M
YoY: -116.6%
Selling General and Administrative
354.00M
Prev Year: 359.00M
YoY: -1.4%
General and Administrative Expense
354.00M
Prev Year: 359.00M
YoY: -1.4%
Cost of Revenue
3.57B
Prev Year: 3.47B
YoY: +2.9%
Gross Profit
1.62B
Prev Year: 1.46B
YoY: +11.5%
Operating Expense
407.00M
Prev Year: 414.00M
YoY: -1.7%
Depreciation and amortization
67.00M
Depreciation
67.00M
Operating Income
1.22B
Prev Year: 1.04B
YoY: +16.7%
Net Non Operating Interest Income Expense
-153.00M
Prev Year: -140.00M
YoY: -9.3%
Non-operating Interest Income
49.00M
Prev Year: 63.00M
YoY: -22.2%
Non-operating Interest Expense
195.00M
Prev Year: 203.00M
YoY: -3.9%
Total Other Finance Cost
7.00M
Special Income Charges
-31.00M
Restructuring and Mergers Acquisition
8.00M
Write-offs
23.00M
Pre-tax Income
1.07B
Prev Year: 897.00M
YoY: +19.7%
Provision for Income Taxes
315.00M
Prev Year: 269.00M
YoY: +17.1%
Net Income Common Stockholders
758.00M
Prev Year: 628.00M
YoY: +20.7%
Net Income
758.00M
Prev Year: 628.00M
YoY: +20.7%
Net Income Including Non-Controlling Interests
759.00M
Prev Year: 628.00M
YoY: +20.9%
Net Income from Continuing Operations
759.00M
Prev Year: 628.00M
YoY: +20.9%
Noncontrolling Interests
-1.00M
Diluted NI Available to Com Stockholders
758.00M
Prev Year: 628.00M
YoY: +20.7%
Basic EPS
4.909
Prev Year: 3.9
YoY: +25.9%
Diluted EPS
4.865
Prev Year: 3.85
YoY: +26.4%
Weighted Average Shares (basic)
154.40M
Prev Year: 161.20M
YoY: -4.2%
Weighted Average Shares (diluted)
155.80M
Prev Year: 163.00M
YoY: -4.4%
Total Operating Income as Reported
1.20B
Prev Year: 1.04B
YoY: +15.1%
Total Expenses
3.97B
Prev Year: 3.88B
YoY: +2.4%
Rent Expense (supplemental)
-
Net Income from Continuing and Discontinued Operation
758.00M
Prev Year: 628.00M
YoY: +20.7%
Normalized Income
779.91M
Prev Year: 637.80M
YoY: +22.3%
Interest Income
49.00M
Prev Year: 63.00M
YoY: -22.2%
Interest Expense
195.00M
Prev Year: 203.00M
YoY: -3.9%
Net Interest Income
-153.00M
Prev Year: -140.00M
YoY: -9.3%
EBIT
1.27B
Prev Year: 1.10B
YoY: +15.4%
EBITDA
1.42B
Prev Year: 1.25B
YoY: +13.7%
Reconciled Cost of Revenue
3.57B
Prev Year: 3.47B
YoY: +2.9%
Reconciled Depreciation
146.00M
Prev Year: 145.00M
YoY: +0.7%
Net Income from Continuing Operation Net Minority Interest
758.00M
Prev Year: 628.00M
YoY: +20.7%
Values in USD

InterContinental Hotels Group key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$5.2B$4.9B$4.6B$3.9B$2.9B
Gross profit$1.6B$1.5B$1.4B$1.1B$885.0M
Operating income$1.2B$1.0B$1.0B$687.0M$506.0M
Net income$758.0M$628.0M$750.0M$375.0M$266.0M
Diluted EPS$4.87$3.85$4.41$2.06$1.45
Total assets$5.3B$4.7B$4.8B$4.2B$4.7B
Total liabilities$8.1B$7.1B$6.8B$5.8B$6.2B
Shareholders' equity-$2.7B-$2.3B-$2.0B-$1.6B-$1.5B
Cash and short-term investments$1.1B$1.0B$1.3B$929.0M$1.4B
Total debt$4.6B$3.7B$3.6B$2.8B$3.3B
Operating cash flow$898.0M$724.0M$893.0M$646.0M$636.0M
Capital spending$77.0M$78.0M$82.0M$99.0M$52.0M
Free cash flow$821.0M$646.0M$811.0M$547.0M$584.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was InterContinental Hotels Group's revenue in fiscal year 2025?

$5.19 billion, up 5.4% from $4.92 billion in fiscal year 2024.

How much profit does InterContinental Hotels Group make?

InterContinental Hotels Group reported net income of $758.00 million for fiscal year 2025 (14.6% of revenue); operating income was $1.22 billion.

How much cash and debt does InterContinental Hotels Group have?

At the end of fiscal year 2025: cash and short-term investments of $1.11 billion and total debt of $4.61 billion.

What is InterContinental Hotels Group's free cash flow?

$821.00 million in fiscal year 2025 (operating cash flow of $898.00 million minus capital spending of $77.00 million).

MoreInterContinental Hotels Group stock overviewInterContinental Hotels Group executive teamInterContinental Hotels Group shareholders
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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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