H World Group Ltd cash flow statement

In fiscal 2025, H World Group Ltd's operations generated $1.17bn of cash; it spent $0 on capital projects, leaving free cash flow of $1.17bn. It returned $544m in dividends and $109m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

H World Group Ltd: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	43	69	71	113	236	281	311	363	462	477	88	208	233	1,085	1,045	1,166
Depreciation and amortisation	21	25	37	55	93	105	105	117	135	144	197	233	217	200	185	175
Stock-based pay	1	2	2	3	5	8	8	10	13	16	18	17	13	20	45	58
Capital spending	39	59	119	158	0	0	0	0	0	0	0	0	0	0	0	0
Free cash flow	5	11	−48	−45	236	281	311	363	462	477	88	208	233	1,085	1,045	1,166
Free cash flow after stock pay	4	9	−50	−48	231	272	303	353	449	461	71	191	220	1,064	1,000	1,107
Dividends paid	—	—	—	—	—	—	42	45	—	95	98	—	62	—	484	544
Share buybacks	—	—	—	—	0	17	—	—	16	15	16	0	50	120	163	109
Shares issued	8	142	—	—	—	—	—	—	—	—	872	—	—	279	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from H World Group Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to H World Group Ltd.