Filing Flows › Choice Hotels International (CHH) › Q2 2026 › vs Q1 2026
Choice Hotels International (CHH) Q2 2026 vs Q1 2026 (quarter over quarter)
Choice Hotels International's revenue rose $100M (+29%) from $341M in Q1 2026 to $441M in Q2 2026. The biggest changes: Revenue for reimbursable costs from franchised and managed properties +$39.4M (+32%); Franchise and management fees +$37.9M (+25%); Other +$14.5M (+122%). Operating margin 23.6% against 17.6% (+6.0 pts).
Choice Hotels International, Q2 2026: revenue $441M (+3% year over year), operating margin 23.6%, net earnings $64.3M, operating cash flow $90.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 23.6% | 17.6% | +6.0 pts |
| Net margin | 14.6% | 6.0% | +8.6 pts |
| Free cash flow margin | 18.2% | -11.7% | +29.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Franchise and management fees | $188M | $150M | $37.9M | +25% |
| Revenue for reimbursable costs from franchised and managed properties | $163M | $124M | $39.4M | +32% |
| Owned hotels | $34.9M | $30.4M | $4.5M | +15% |
| Partnership services and fees | $28.7M | $24.7M | $3.9M | +16% |
| Other | $26.3M | $11.9M | $14.5M | +122% |
| Revenue | $441M | $341M | $100M | +29% |
| Operating profit | $104M | $60.0M | $44.1M | +73% |
| Costs & expenses | $337M | $281M | $56.1M | +20% |
| Pre-tax earnings | $85.9M | $30.3M | $55.6M | +183% |
| Other expense, net | $18.3M | $29.7M | −$11.5M | -39% |
| SG&A | $96.2M | $78.0M | $18.1M | +23% |
| Other operating costs | $240M | $202M | $38.0M | +19% |
| Net earnings | $64.3M | $20.3M | $44.0M | +217% |
| Income tax | $21.5M | $10.0M | $11.5M | +115% |
| Depreciation & amortization | $16.8M | $16.8M | −$8K | 0% |
| Share-based compensation | $4.2M | $8.3M | −$4.0M | -49% |
| Working capital & other | $5.1M | −$68.6M | $73.7M | — |
| Operating cash flow | $90.5M | −$23.2M | $114M | — |
| Free cash flow (OCF − capex) | $80.1M | −$40.0M | $120M | — |
| Capital expenditures | $10.5M | $16.8M | −$6.3M | -38% |
Questions
How much did Choice Hotels International's revenue grow quarter over quarter in Q2 2026?
Choice Hotels International's revenue rose $100M (+29%) from $341M in Q1 2026 to $441M in Q2 2026.
What drove Choice Hotels International's revenue change in Q2 2026?
Revenue for reimbursable costs from franchised and managed properties +$39.4M (+32%); Franchise and management fees +$37.9M (+25%); Other +$14.5M (+122%).