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Choice Hotels International (CHH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Choice Hotels International (CHH) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $458M · 13¢ of every $1 of revenue kept as net profit · operating margin 23.2%

Choice Hotels International made $458M in Q3 2026 (+2% Y/Y): Franchise and management fees $204M, Revenue for reimbursable costs from franchised and managed properties $173M, Owned hotels $38.1M. Operating margin 23.2%, net earnings $57.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.

Revenue$458M

Year over year+2%

Operating margin23.2%

Net earnings$57.9M

Operating cash flow$54.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $458.3M in Q3 2026, up 2% year over year and up 4% from the previous quarter. Franchise and management fees was the largest line at 44% of revenue. Franchise and management fees added $9.9M year over year (up 5%), 90% of the total change. Other declined 31%.

Operating profit was $106.5M, a 23.2% margin (down 8.6 points year over year). Operating profit fell $35.9M even though revenue rose $11.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 15% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were $57.9M, down 68% year over year. The effective tax rate was 22.8%.

Operating cash flow was $54.6M (down 21% year over year), 94% of net earnings. Non-cash charges added back $16.9M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $23.1M. Capital expenditures of $10.2M left free cash flow of $44.3M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 2, 2026	$458M	+2%	23.2%	$57.9M	$54.6M
Q2 2026	10-Q	Aug 5, 2026	$441M	+3%	23.6%	$64.3M	$90.5M
Q1 2026	10-Q	Apr 30, 2026	$341M	+2%	17.6%	$20.3M	−$23.2M
Q4 2025	10-K	Feb 19, 2026	$390M	+0.1%	26.0%	$63.7M	$85.7M
Q3 2025	10-Q	Nov 5, 2025	$447M	+4%	31.8%	$180M	$68.7M
Q2 2025	10-Q	Aug 6, 2025	$426M	-2%	29.2%	$81.7M	$95.6M
Q1 2025	10-Q	May 8, 2025	$333M	+0.3%	24.0%	$44.5M	$20.5M

Charts

Latest (Q3 2026): Y/Y +2%, Q/Q +4%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $57.9M, Operating cash flow $54.6M.

-16.1% since FY2020: buybacks shrank the count.

Cash $45.0M, short-term investments —, long-term debt $1.9B at 2025-12-31.

Hotels & Motels; dot size is quarterly revenue; dashed lines are the industry's medians.