Filing Flows › Choice Hotels International (CHH) › Q3 2026 › vs Q2 2026
Choice Hotels International (CHH) Q3 2026 vs Q2 2026 (quarter over quarter)
Choice Hotels International's revenue rose $17.6M (+4%) from $441M in Q2 2026 to $458M in Q3 2026. The biggest changes: Franchise and management fees +$16.1M (+9%); Other −$11.0M (-42%); Revenue for reimbursable costs from franchised and managed properties +$9.6M (+6%). Operating margin 23.2% against 23.6% (-0.4 pts).
Choice Hotels International, Q3 2026: revenue $458M (+2% year over year), operating margin 23.2%, net earnings $57.9M, operating cash flow $54.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 23.2% | 23.6% | -0.4 pts |
| Net margin | 12.6% | 14.6% | -2.0 pts |
| Free cash flow margin | 9.7% | 18.2% | -8.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Franchise and management fees | $204M | $188M | $16.1M | +9% |
| Revenue for reimbursable costs from franchised and managed properties | $173M | $163M | $9.6M | +6% |
| Owned hotels | $38.1M | $34.9M | $3.2M | +9% |
| Partnership services and fees | $28.3M | $28.7M | −$333K | -1% |
| Other | $15.3M | $26.3M | −$11.0M | -42% |
| Revenue | $458M | $441M | $17.6M | +4% |
| Operating profit | $106M | $104M | $2.3M | +2% |
| Costs & expenses | $352M | $337M | $15.2M | +5% |
| Pre-tax earnings | $75.0M | $85.9M | −$10.8M | -13% |
| Other expense, net | $31.4M | $18.3M | $13.2M | +72% |
| SG&A | $81.3M | $96.2M | −$14.9M | -15% |
| Other operating costs | $271M | $240M | $30.1M | +13% |
| Net earnings | $57.9M | $64.3M | −$6.4M | -10% |
| Income tax | $17.1M | $21.5M | −$4.4M | -20% |
| Depreciation & amortization | $16.9M | $16.8M | $120K | +0.7% |
| Share-based compensation | $2.8M | $4.2M | −$1.4M | -33% |
| Working capital & other | $23.1M | −$5.1M | $28.3M | — |
| Operating cash flow | $54.6M | $90.5M | −$36.0M | -40% |
| Free cash flow (OCF − capex) | $44.3M | $80.1M | −$35.8M | -45% |
| Capital expenditures | $10.2M | $10.5M | −$232K | -2% |
Questions
How much did Choice Hotels International's revenue grow quarter over quarter in Q3 2026?
Choice Hotels International's revenue rose $17.6M (+4%) from $441M in Q2 2026 to $458M in Q3 2026.
What drove Choice Hotels International's revenue change in Q3 2026?
Franchise and management fees +$16.1M (+9%); Other −$11.0M (-42%); Revenue for reimbursable costs from franchised and managed properties +$9.6M (+6%).