Filing Flows › Wyndham Hotels & Resorts (WH) › Q2 2025
Wyndham Hotels & Resorts (WH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Wyndham Hotels & Resorts (WH) reported revenue of $397M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +26% from the quarter before. Operating margin was 37.8%, net earnings $87.0M (21.9% of revenue).
Wyndham Hotels & Resorts, Q2 2025: revenue $397M (+8% year over year), operating margin 37.8%, net earnings $87.0M, operating cash flow $70.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $397M | +26% | +8% |
| Operating profit | $150M | +34% | +3% |
| Net earnings | $87.0M | +43% | +1% |
| Operating cash flow | $70.0M | +19% | 70× |
| Free cash flow | $58.0M | +12% | — |
What changed
Revenue was $397.0M in Q2 2025, up 8% year over year and up 26% from the previous quarter. Royalties and franchise fees was the largest line at 37% of revenue. Marketing and reservation fees added $17.0M year over year (up 14%), 57% of the total change. Loyalty Program declined 7%.
Operating profit was $150.0M, a 37.8% margin (down 1.7 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, below the 40% margin then. Total costs grew 11% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $87.0M, up 1% year over year. The effective tax rate was 25.0%.
Operating cash flow was $70.0M (up 6900% year over year), 80% of net earnings. Non-cash charges added back $15.0M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items used $41.0M. Capital expenditures of $12.0M left free cash flow of $58.0M.
Questions
What was Wyndham Hotels & Resorts' revenue in the second quarter 2025?
Wyndham Hotels & Resorts (WH) reported revenue of $397M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +26% from the quarter before.
Was Wyndham Hotels & Resorts profitable in the second quarter 2025?
Operating profit was $150M (37.8% of revenue) and net earnings $87.0M.