Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
InterContinental Hotels Group PLC's top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+15.6%Compound growth, FY2021 to FY2025
Gross profit
+16.3%Compound growth, FY2021 to FY2025
Operating Income
FY2025Latest annual filing, FY2025
Net income
+30.1%Compound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
InterContinental Hotels Group PLC headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for InterContinental Hotels Group PLC, from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
InterContinental Hotels Group PLC expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for InterContinental Hotels Group PLC.
Margins
How much of InterContinental Hotels Group PLC's revenue survives through gross profit, operating income, and net income.
Gross margin
+199 bpsFY2025, versus FY2021
Operating Margin
N/AFY2025, versus FY2021
Net income margin
+551 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
InterContinental Hotels Group PLC margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of InterContinental Hotels Group PLC's statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
InterContinental Hotels Group PLC year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, InterContinental Hotels Group PLC shows a steady increase in revenue and gross profit. Revenue climbed from USD 2,907 million in 2021 to USD 5,189 million in 2025—a robust recovery and growth typical for the hospitality industry in its post-pandemic rebound phase. Gross profit followed a similar upward trend, growing from USD 2,421 million to USD 4,425 million, indicating consistent improvements in operational efficiency and pricing power. Notably, the gross margins remain high (approximately 83-85%), which reflects the company's ability to sustain profitability on its service offerings. The period from 2021 to 2022 saw an especially significant revenue jump of about 34%, suggesting a rapid recovery from earlier operational setbacks, likely influenced by easing travel restrictions and renewed market confidence. Interestingly, the operating income is reported as USD 0 across all years, which might signal either an accounting nuance in how this company records its operating results or the impact of significant operational expenses that offset the gross profit. In contrast, net income shows volatile performance: growing from USD 265 million in 2021 to a notable USD 750 million in 2023 (a nearly 100% increase), before retracting to USD 628 million in 2024, and then rising to USD 759 million in 2025. This volatility in net income may point to year-over-year fluctuations in non-operating factors such as taxes, interest expenses, or extraordinary items. Overall, based solely on these metrics, the company appears to be on a sustainable growth path, delivering strong top-line performance and maintaining healthy margins—albeit with some opacity regarding operating income—that merit further detailed internal review for long-term financial health assessment.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
