Filing Flows › Wyndham Hotels & Resorts (WH) › Q3 2025
Wyndham Hotels & Resorts (WH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Wyndham Hotels & Resorts (WH) reported revenue of $382M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -4% from the quarter before. Operating margin was 46.6%, net earnings $105M (27.5% of revenue).
Wyndham Hotels & Resorts, Q3 2025: revenue $382M (-4% year over year), operating margin 46.6%, net earnings $105M, operating cash flow $86.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $382M | -4% | -4% |
| Operating profit | $178M | +19% | +4% |
| Net earnings | $105M | +21% | +3% |
| Operating cash flow | $86.0M | +23% | +9% |
| Free cash flow | $75.0M | +29% | +6% |
What changed
Revenue was $382.0M in Q3 2025, down 4% year over year and down 4% from the previous quarter. Royalties and franchise fees was the largest line at 38% of revenue. Royalties and franchise fees lost $12.0M year over year (down 8%), 86% of the total change.
Operating profit was $178.0M, a 46.6% margin (up 3.4 points year over year). Total costs fell 9% while revenue fell 4%. Net earnings were $105.0M, up 3% year over year. The effective tax rate was 26.1%.
Operating cash flow was $86.0M (up 9% year over year), 82% of net earnings. Non-cash charges added back $15.0M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items used $44.0M. Capital expenditures of $11.0M left free cash flow of $75.0M.
Questions
What was Wyndham Hotels & Resorts' revenue in the third quarter 2025?
Wyndham Hotels & Resorts (WH) reported revenue of $382M for the third quarter 2025 (Q3 2025), -4% from a year earlier and -4% from the quarter before.
Was Wyndham Hotels & Resorts profitable in the third quarter 2025?
Operating profit was $178M (46.6% of revenue) and net earnings $105M.