Filing Flows › Choice Hotels International (CHH) › Q3 2026 › vs Q3 2025
Choice Hotels International (CHH) Q3 2026 vs Q3 2025 (year over year)
Choice Hotels International's revenue rose $11.0M (+2%) from $447M in Q3 2025 to $458M in Q3 2026. The biggest changes: Franchise and management fees +$9.9M (+5%); Other −$6.8M (-31%); Owned hotels +$4.9M (+15%). Operating margin 23.2% against 31.8% (-8.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.2% | 31.8% | -8.6 pts |
| Net margin | 12.6% | 40.2% | -27.6 pts |
| Free cash flow margin | 9.7% | 11.0% | -1.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Franchise and management fees | $204M | $194M | $9.9M | +5% |
| Revenue for reimbursable costs from franchised and managed properties | $173M | $169M | $3.5M | +2% |
| Owned hotels | $38.1M | $33.2M | $4.9M | +15% |
| Partnership services and fees | $28.3M | $28.9M | −$527K | -2% |
| Other | $15.3M | $22.1M | −$6.8M | -31% |
| Revenue | $458M | $447M | $11.0M | +2% |
| Operating profit | $106M | $142M | −$35.9M | -25% |
| Costs & expenses | $352M | $305M | $46.9M | +15% |
| Pre-tax earnings | $75.0M | $211M | −$136M | -64% |
| Other expense, net | $31.4M | −$68.5M | $99.9M | — |
| SG&A | $81.3M | $79.6M | $1.7M | +2% |
| Other operating costs | $271M | $225M | $45.3M | +20% |
| Net earnings | $57.9M | $180M | −$122M | -68% |
| Income tax | $17.1M | $30.9M | −$13.8M | -45% |
| Depreciation & amortization | $16.9M | $15.8M | $1.2M | +7% |
| Share-based compensation | $2.8M | $11.2M | −$8.4M | -75% |
| Working capital & other | $23.1M | $138M | −$115M | -83% |
| Operating cash flow | $54.6M | $68.7M | −$14.1M | -21% |
| Free cash flow (OCF − capex) | $44.3M | $49.1M | −$4.7M | -10% |
| Capital expenditures | $10.2M | $19.6M | −$9.4M | -48% |
Questions
How much did Choice Hotels International's revenue grow year over year in Q3 2026?
Choice Hotels International's revenue rose $11.0M (+2%) from $447M in Q3 2025 to $458M in Q3 2026.
What drove Choice Hotels International's revenue change in Q3 2026?
Franchise and management fees +$9.9M (+5%); Other −$6.8M (-31%); Owned hotels +$4.9M (+15%).