Filing Flows › Choice Hotels International (CHH) › Q2 2026 › vs Q2 2025
Choice Hotels International (CHH) Q2 2026 vs Q2 2025 (year over year)
Choice Hotels International's revenue rose $14.3M (+3%) from $426M in Q2 2025 to $441M in Q2 2026. The biggest changes: Franchise and management fees +$10.4M (+6%); Owned hotels +$4.7M (+15%); Revenue for reimbursable costs from franchised and managed properties −$4.0M (-2%). Operating margin 23.6% against 29.2% (-5.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.6% | 29.2% | -5.6 pts |
| Net margin | 14.6% | 19.2% | -4.6 pts |
| Free cash flow margin | 18.2% | 15.3% | +2.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Franchise and management fees | $188M | $177M | $10.4M | +6% |
| Revenue for reimbursable costs from franchised and managed properties | $163M | $167M | −$4.0M | -2% |
| Owned hotels | $34.9M | $30.2M | $4.7M | +15% |
| Partnership services and fees | $28.7M | $27.1M | $1.6M | +6% |
| Other | $26.3M | $24.7M | $1.6M | +7% |
| Revenue | $441M | $426M | $14.3M | +3% |
| Operating profit | $104M | $125M | −$20.5M | -16% |
| Costs & expenses | $337M | $302M | $34.8M | +12% |
| Pre-tax earnings | $85.9M | $109M | −$22.7M | -21% |
| Other expense, net | $18.3M | $16.0M | $2.3M | +14% |
| SG&A | $96.2M | $89.3M | $6.9M | +8% |
| Other operating costs | $240M | $213M | $27.9M | +13% |
| Net earnings | $64.3M | $81.7M | −$17.4M | -21% |
| Income tax | $21.5M | $26.9M | −$5.3M | -20% |
| Depreciation & amortization | $16.8M | $13.4M | $3.4M | +25% |
| Share-based compensation | $4.2M | $11.0M | −$6.7M | -61% |
| Working capital & other | $5.1M | −$10.5M | $15.6M | — |
| Operating cash flow | $90.5M | $95.6M | −$5.1M | -5% |
| Free cash flow (OCF − capex) | $80.1M | $65.4M | $14.7M | +22% |
| Capital expenditures | $10.5M | $30.2M | −$19.7M | -65% |
Questions
How much did Choice Hotels International's revenue grow year over year in Q2 2026?
Choice Hotels International's revenue rose $14.3M (+3%) from $426M in Q2 2025 to $441M in Q2 2026.
What drove Choice Hotels International's revenue change in Q2 2026?
Franchise and management fees +$10.4M (+6%); Owned hotels +$4.7M (+15%); Revenue for reimbursable costs from franchised and managed properties −$4.0M (-2%).