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Wyndham Hotels & Resorts (WH) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Wyndham Hotels & Resorts (WH) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $410M · 24¢ of every $1 of revenue kept as net profit · operating margin 42.0%
Wyndham Hotels & Resorts made $410M in Q3 2026 (+7% Y/Y): Marketing, reservation and loyalty $158M, Royalties and franchise fees $156M, Other $52.0M. Operating margin 42.0%, net earnings $99.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
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What changed this quarter
Revenue was $410.0M in Q3 2026, up 7% year over year and up 9% from the previous quarter. Marketing, reservation and loyalty was the largest line at 39% of revenue. Marketing, reservation and loyalty added $9.0M year over year (up 6%), 32% of the total change.
Operating profit was $172.0M, a 42.0% margin (down 4.6 points year over year). Operating profit fell $6.0M even though revenue rose $28.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 7%. The fastest-growing cost line was General & admin (+38%). Net earnings were $99.0M, down 6% year over year. The effective tax rate was 26.7%.
Operating cash flow was $93.0M (up 8% year over year), 94% of net earnings. Non-cash charges added back $14.0M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items used $29.0M. Capital expenditures of $11.0M left free cash flow of $82.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $410M | +7% | 42.0% | $99.0M | $93.0M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $375M | -6% | 46.4% | $102M | $91.0M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $327M | +4% | 34.9% | $61.0M | $42.0M |
| Q4 2025 | 10-K | Feb 19, 2026 | $334M | -0.9% | -10.8% | −$60.0M | $152M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $382M | -4% | 46.6% | $105M | $86.0M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $397M | +8% | 37.8% | $87.0M | $70.0M |
| Q1 2025 | 10-Q | May 1, 2025 | $316M | +4% | 35.4% | $61.0M | $59.0M |
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About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts, Inc. (“Wyndham Hotels”, the “Company”, “we”, “our” or “us”) is the world’s largest hotel franchising company by number of franchised properties, with over 8,300 affiliated hotels and approximately 869,000 rooms located in approximately 100 countries and welcoming approximately 138 million guests annually worldwide. We operate a hotel portfolio of 25 brands. Our 25 brands are primarily located in secondary and tertiary cities and approximately 80% of the U.S. population lives within ten miles of at least one of our affiliated hotels. Our mission is to make hotel travel possible
In its own words, from its 10-K, filed Feb 19, 2026.
Wyndham Hotels & Resorts against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +2%. Operating margin: 42.0% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WH Wyndham Hotels & Resorts | Q3 2026 | $410M | +7% | 42.0% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
Source: Wyndham Hotels & Resorts 10-Q on SEC EDGAR · CIK 1722684 · Hotels & Motels
13F: who owns WH and who is buying
More on WH
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- Who owns Wyndham Hotels & Resorts stock: holders, funds and Congress trades
- Wyndham Hotels & Resorts guidance and outlook
- Is Wyndham Hotels & Resorts a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Wyndham Hotels & Resorts guidance history: guided vs reported
- Wyndham Hotels & Resorts operating margin by quarter
- Wyndham Hotels & Resorts net income by quarter
- Wyndham Hotels & Resorts free cash flow by quarter
- Wyndham Hotels & Resorts capital expenditures by quarter
- Wyndham Hotels & Resorts Royalties and franchise fees revenue by quarter