Filing Flows › Wyndham Hotels & Resorts (WH) › Q1 2026
Wyndham Hotels & Resorts (WH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Wyndham Hotels & Resorts (WH) reported revenue of $327M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before. Operating margin was 34.9%, net earnings $61.0M (18.7% of revenue).
Wyndham Hotels & Resorts, Q1 2026: revenue $327M (+4% year over year), operating margin 34.9%, net earnings $61.0M, operating cash flow $42.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $327M | -2% | +3% |
| Operating profit | $114M | — | +2% |
| Net earnings | $61.0M | — | 0% |
| Operating cash flow | $42.0M | -72% | -29% |
| Free cash flow | $35.0M | -74% | -33% |
What changed
Revenue was $327.0M in Q1 2026, up 3% year over year and down 2% from the previous quarter. Marketing, reservation and loyalty was the largest line at 37% of revenue. Marketing, reservation and loyalty added $6.0M year over year (up 5%), 55% of the total change. Initial Franchise Fees declined 20%.
Operating profit was $114.0M, a 34.9% margin (down 0.6 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, below the 35% margin then. Total costs grew 4% against revenue growth of 3%. The fastest-growing cost line was General & admin (+13%). Net earnings were $61.0M, roughly flat year over year. The effective tax rate was 23.8%.
Operating cash flow was $42.0M (down 29% year over year), 69% of net earnings. Non-cash charges added back $16.0M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items used $45.0M. Capital expenditures of $7.0M left free cash flow of $35.0M.
Questions
What was Wyndham Hotels & Resorts' revenue in the first quarter 2026?
Wyndham Hotels & Resorts (WH) reported revenue of $327M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before.
Was Wyndham Hotels & Resorts profitable in the first quarter 2026?
Operating profit was $114M (34.9% of revenue) and net earnings $61.0M.