Filing Flows › Wyndham Hotels & Resorts (WH) › Q3 2026 › vs Q3 2025
Wyndham Hotels & Resorts (WH) Q3 2026 vs Q3 2025 (year over year)
Wyndham Hotels & Resorts's revenue rose $28.0M (+7%) from $382M in Q3 2025 to $410M in Q3 2026. The biggest changes: License and other fees +$9.0M (+33%); Marketing, reservation and loyalty +$9.0M (+6%); Royalties and franchise fees +$9.0M (+6%). Operating margin 42.0% against 46.6% (-4.6 pts).
Wyndham Hotels & Resorts, Q3 2026: revenue $410M (+7% year over year), operating margin 42.0%, net earnings $99.0M, operating cash flow $93.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 42.0% | 46.6% | -4.6 pts |
| Net margin | 24.1% | 27.5% | -3.3 pts |
| Free cash flow margin | 20.0% | 19.6% | +0.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Partnership fees | $27.0M | $24.0M | $3.0M | +12% |
| Other Products and Services Excluding Partnership Fees | $25.0M | $25.0M | $0 | 0% |
| Loyalty Program | $23.0M | $21.0M | $2.0M | +10% |
| Management and other fees | $8.0M | $2.0M | $6.0M | +300% |
| Initial Franchise Fees | $5.0M | $4.0M | $1.0M | +25% |
| Other | $52.0M | $49.0M | $3.0M | +6% |
| License and other fees | $36.0M | $27.0M | $9.0M | +33% |
| Marketing, reservation and loyalty | $158M | $149M | $9.0M | +6% |
| Royalties and franchise fees | $156M | $147M | $9.0M | +6% |
| Owned Hotel Revenues | $6.0M | $0 | $6.0M | — |
| Management fees | $2.0M | $2.0M | $0 | 0% |
| Revenue | $410M | $382M | $28.0M | +7% |
| Operating profit | $172M | $178M | −$6.0M | -3% |
| Costs & expenses | $238M | $204M | $34.0M | +17% |
| Pre-tax earnings | $135M | $142M | −$7.0M | -5% |
| Other expense, net | $37.0M | $36.0M | $1.0M | +3% |
| General & admin | $36.0M | $26.0M | $10.0M | +38% |
| Other operating costs | $202M | $178M | $24.0M | +13% |
| Net earnings | $99.0M | $105M | −$6.0M | -6% |
| Income tax | $36.0M | $37.0M | −$1.0M | -3% |
| Depreciation & amortization | $14.0M | $15.0M | −$1.0M | -7% |
| Share-based compensation | $9.0M | $10.0M | −$1.0M | -10% |
| Working capital & other | $29.0M | $44.0M | −$15.0M | -34% |
| Operating cash flow | $93.0M | $86.0M | $7.0M | +8% |
| Free cash flow (OCF − capex) | $82.0M | $75.0M | $7.0M | +9% |
| Capital expenditures | $11.0M | $11.0M | $0 | 0% |
Questions
How much did Wyndham Hotels & Resorts's revenue grow year over year in Q3 2026?
Wyndham Hotels & Resorts's revenue rose $28.0M (+7%) from $382M in Q3 2025 to $410M in Q3 2026.
What drove Wyndham Hotels & Resorts's revenue change in Q3 2026?
License and other fees +$9.0M (+33%); Marketing, reservation and loyalty +$9.0M (+6%); Royalties and franchise fees +$9.0M (+6%).