HBX Group International (XMAD:HBX) Operating Income: €333.0 Mil (TTM As of Mar. 2026)

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XMAD:HBX HBX Group International PLC XMAD:HBX
13 GF Score
Price €7.41
! 2 Warning Signs
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What is HBX Group International Operating Income?

HBX Group International XMAD:HBX +0.27% 13 Operating Income is €333.0 Mil as of Mar. 2026. GuruFocus rates XMAD:HBX with a GF Score™ of 13/100. The stock has 2 warning signs investors should review.

HBX Group International's Operating Income for the six months ended in Mar. 2026 was €112.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €333.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. HBX Group International's Operating Income for the six months ended in Mar. 2026 was €112.0 Mil. HBX Group International's Revenue for the six months ended in Mar. 2026 was €340.0 Mil. Therefore, HBX Group International's Operating Margin % for the quarter that ended in Mar. 2026 was 32.94%.

HBX Group International's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HBX Group International's annualized ROC % for the quarter that ended in Mar. 2026 was 5.92%. HBX Group International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 912.50%.

HBX Group International  (XMAD:HBX) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

HBX Group International's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=224 * ( 1 - 36.36% )/( (2335 + 2484)/ 2 )
=142.5536/2409.5
=5.92 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3575 - 1300 - ( 820 - max(0, 1518 - 1458+820))
=2335

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3453 - 1012 - ( 633 - max(0, 1336 - 1293+633))
=2484

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

HBX Group International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=146/( ( (12 + max(-881, 0)) + (20 + max(-656, 0)) )/ 2 )
=146/( ( 12 + 20 )/ 2 )
=146/16
=912.50 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(488 + 0 + 108) - (1300 + 0 + 177)
=-881

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(384 + 0 + 237) - (1012 + 0 + 265)
=-656

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

HBX Group International's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=112/340
=32.94 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

HBX Group International Operating Income Related Terms

HBX Group International Operating Income Historical Data

* Premium members only.

The historical data trend for HBX Group International's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HBX Group International Operating Income Chart

HBX Group International Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Operating Income
51.00 245.00 285.00 149.00

HBX Group International Semi-Annual Data
Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial 89.00 196.00 -72.00 221.00 112.00
XMAD:HBX
13GF Score
HBX Group International PLC XMAD:HBX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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HBX Group International Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €333.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €333.0 Mil mean?
HBX Group International (XMAD:HBX) has a Operating Income of €333.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on HBX Group International and its competitors.
Is HBX Group International's Operating Income too high?
HBX Group International's current Operating Income is €333.0 Mil. Overall, HBX Group International has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does HBX Group International's Operating Income compare to BKNG and ABNB?
HBX Group International's Operating Income of €333.0 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on HBX Group International and its competitors. HBX Group International's current Operating Income is €333.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBX Group International stock overvalued right now?
HBX Group International (XMAD:HBX) has a current Operating Income of €333.0 Mil. The current Operating Income is €333.0 Mil. HBX Group International's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For HBX Group International (XMAD:HBX), the current Operating Income is €333.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HBX Group International Business Description

Other Exchanges HBXe:UKQ1D:Germany
Address 25 Old Broad Street, 7th Floor, Tower 42, London, GBR, EC2N 1HN
HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.
13GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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