Filing Flows › Wyndham Hotels & Resorts (WH) › Q4 2025
Wyndham Hotels & Resorts (WH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Wyndham Hotels & Resorts (WH) reported revenue of $334M for the fourth quarter 2025 (Q4 2025), -0.9% from a year earlier and -13% from the quarter before. Operating margin was -10.8%, net loss $60.0M (18.0% of revenue).
Wyndham Hotels & Resorts, Q4 2025: revenue $334M (-0.9% year over year), operating margin -10.8%, net loss $60.0M, operating cash flow $152M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $334M | -13% | -0.9% |
| Operating profit | −$36.0M | -120% | — |
| Net earnings | −$60.0M | -157% | — |
| Operating cash flow | $152M | +77% | +13% |
| Free cash flow | $136M | +81% | +25% |
What changed
Revenue was $334.0M in Q4 2025, down 1% year over year and down 13% from the previous quarter. Royalties and franchise fees was the largest line at 36% of revenue.
Operating costs exceeded revenue by $36.0M, an operating margin of -10.8%. Total costs grew 78% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+96%). The quarter ended with a net loss of $60.0M, after a profit of $105.0M the previous quarter. Net interest and other expense of $36.0M was the main reason.
Operating cash flow was $152.0M (up 13% year over year). Non-cash charges added back $16.0M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items added $182.0M. Capital expenditures of $16.0M left free cash flow of $136.0M.
Questions
What was Wyndham Hotels & Resorts' revenue in the fourth quarter 2025?
Wyndham Hotels & Resorts (WH) reported revenue of $334M for the fourth quarter 2025 (Q4 2025), -0.9% from a year earlier and -13% from the quarter before.
Was Wyndham Hotels & Resorts profitable in the fourth quarter 2025?
Operating loss was $36.0M (-10.8% of revenue) and net loss $60.0M.