Analyst Consensus ?
ConsensusBuy22 ratings
Bullish1254.6%
Neutral940.9%
Bearish14.5%
1 unmapped firm rating excluded from the percentages.
InterContinental Hotels Group PLC · IHG · FY2025 Q4 · Calendar Q1 2026
IHG Reaffirms Growth Plans as Fee Margins Expand
The supplied analysis supports a constructive operating thesis for IHG: system expansion, ancillary fee growth, technology investment and Branded Residences provide growth supports, while RevPAR volatility, fee take-rate pressure and the timing of new businesses remain the main tests.
Reported Before market openNYSEConsumer Cyclical
$22.66B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.59
Consensus $2.57
EPS surprise
+0.8%
Reported versus consensus
Reported revenue
$2.67B
Consensus $2.81B
Revenue surprise
-4.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.4%
Event window
SPY move
+0.2%
Same window
Abnormal move
+1.3%
Stock minus SPY
Volume
1.3×
Versus trailing sessions
Subsequent drift
-10.0%
Up to 20 sessions
IHGSPY benchmark
Ask FN2 about IHG FY2025 Q4
Transcript, numbers and history already loaded
Why did IHG rise 1.4% after beating EPS estimates in FY2025 Q4?What changed in IHG's guidance and outlook in FY2025 Q4?Give me the bull and bear case for IHG after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, IHG introduced the Noted Collection brand, announced a $950 million 2026 buyback, and highlighted AI-powered revenue management, a cloud-based DMS and a Salesforce-driven CRM. Management reaffirmed 2026 net unit growth guidance near 4.4% and expects Branded Residences to become material from 2027 onward.
Guidance delta
Management reaffirmed 2026 net unit growth guidance near 4.4% and described upside potential; the supplied analysis does not provide a new earnings guidance figure.
Key takeaways
- 2025 RevPAR grew 1.5%, while gross and net system growth reached 6.6% and 4.7%.
- Fee margin expanded 360 basis points, supported by ancillary fees and operating leverage.
- Management announced a $950 million 2026 buyback and expects Branded Residences to become material from 2027.
- AI-enabled revenue management, a cloud-based DMS and a new CRM platform are planned or being deployed.
Management priorities
- Execute the Noted Collection brand rollout.
- Scale AI-driven revenue management, the new content platform and CRM across 2026.
- Accelerate Branded Residences development and sales.
- Grow IHG One Rewards engagement and continue shareholder returns.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$158.91Current
$145Low
$166.67Average
$195High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Jefferies | Buy | Hold | Upgrade | Dec 12, 2025 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Oct 1, 2025 |
| JP Morgan | Overweight | Underweight | Upgrade | Sep 26, 2025 |
| Deutsche Bank | Hold | Sell | Upgrade | Apr 14, 2025 |
| Bernstein | Underperform | Upgrade | Jan 10, 2025 | |
| Barclays | Overweight | Equal Weight | Upgrade | Nov 15, 2024 |
| Societe Generale | Hold | Buy | Downgrade | Feb 7, 2024 |
| UBS | Buy | Neutral | Upgrade | Jan 5, 2022 |
| Berenberg | Buy | Hold | Upgrade | Sep 17, 2021 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Nov 25, 2020 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Nov 25, 2020 |
| Raymond James | Underperform | Market Perform | Downgrade | Nov 25, 2020 |
| Oriel | Buy | Hold | Upgrade | Nov 25, 2020 |
| Numis Securities | Buy | Hold | Upgrade | Nov 25, 2020 |
| MKM Partners | Buy | Neutral | Upgrade | Nov 25, 2020 |
| Investec | Buy | Hold | Upgrade | Nov 25, 2020 |
| Goldman Sachs | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| Credit Suisse | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| Citigroup | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 25, 2020 |
| Baird | Neutral | Outperform | Downgrade | Nov 25, 2020 |
| B of A Securities | Buy | Buy | Maintain | Oct 20, 2017 |
Named analyst price targets
Upside is calculated against the persisted current price $158.91. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Jarrod Castle | $188 | $155.27 | +18.3% | Sep 2, 2026 |
| Berenberg Bank | Analyst unavailable | $178 | $163.25 | +12.0% | Aug 27, 2026 |
| Deutsche Bank | Analyst unavailable | $145 | $164.98 | -8.8% | Jul 10, 2026 |
| Jefferies | Analyst unavailable | $195 | $174.13 | +22.7% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $188 | $162.97 | +18.3% | Jun 10, 2026 |
| Bernstein | Richard Clarke | $154 | $149.92 | -3.1% | May 15, 2026 |
| Morgan Stanley | Analyst unavailable | $145 | $140.69 | -8.8% | Feb 25, 2026 |
| UBS | Analyst unavailable | $150 | $146.31 | -5.6% | Feb 20, 2026 |
| Berenberg Bank | Jack Cummings | $157 | $139.21 | -1.2% | Jan 20, 2026 |
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Start freeCompany context
Snapshot as of publicationInterContinental Hotels Group PLC (IHG) is a prominent global hospitality enterprise whose business model encompasses the ownership, management, franchising, and leasing of hotel properties. Its extensive operations span diverse geographic regions, including the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company boasts a comprehensive portfolio of renowned hotel brands, offering options across various segments.…
Historical context
All IHG earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
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| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
| TCOM Trip.com Group Limited | FY2026 Q2 · Calendar Q3 2026 | +22.3% | +3.0% | Trip.com pairs international growth with heavier AI investment |
| CASY Casey's General Stores, Inc. | FY2027 Q1 · Calendar Q3 2026 | +8.7% | -14.2% | Casey's Q1: Prepared Food Drives Growth as Fuel Margins Stay Volatile |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
Get the IHG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-28T15:11:00.867007+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-28T15:11:00.864042+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-28. For educational purposes only; not investment advice.