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How Wyndham Hotels & Resorts (WH) makes money
Wyndham Hotels & Resorts (WH) made $410M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Marketing, reservation and loyalty brought in $158M (39%); Royalties and franchise fees brought in $156M (38%); Other brought in $52.0M (13%). Of every dollar of revenue, 42¢ was left as operating profit, 24¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Marketing, reservation and loyalty | $158M | 38.5% | — | +6% |
| Royalties and franchise fees | $156M | 38.0% | — | +6% |
| Other | $52.0M | 12.7% | — | +6% |
| ↳ Partnership fees | $27.0M | 6.6% | — | +12% |
| ↳ Other Products and Services Excluding Partnership Fees | $25.0M | 6.1% | — | 0% |
| License and other fees | $36.0M | 8.8% | — | +33% |
| ↳ Loyalty Program | $23.0M | 5.6% | — | +10% |
| ↳ Management and other fees | $8.0M | 2.0% | — | +300% |
| ↳ Initial Franchise Fees | $5.0M | 1.2% | — | +25% |
| Owned Hotel Revenues | $6.0M | 1.5% | — | — |
| Management fees | $2.0M | 0.5% | — | 0% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $410M | 100.0% |
| Operating profit | $172M | 42.0% |
| Income tax | $36.0M | 8.8% |
| Net earnings | $99.0M | 24.1% |
| Operating cash flow | $93.0M | 22.7% |
| Free cash flow | $82.0M | 20.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $410M | +7% |
| Q2 2026 | $375M | -6% |
| Q1 2026 | $327M | +4% |
| Q4 2025 | $334M | -0.9% |
| Q3 2025 | $382M | -4% |
| Q2 2025 | $397M | +8% |
| Q1 2025 | $316M | +4% |
From Wyndham Hotels & Resorts' 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Wyndham Hotels & Resorts make money?
Wyndham Hotels & Resorts (WH) made $410M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Marketing, reservation and loyalty brought in $158M (39%); Royalties and franchise fees brought in $156M (38%); Other brought in $52.0M (13%). Of every dollar of revenue, 42¢ was left as operating profit, 24¢ was left as net earnings.
What is Wyndham Hotels & Resorts' biggest business?
Marketing, reservation and loyalty: $158M in the third quarter 2026, 39% of revenue, +6% from a year earlier.
What is Wyndham Hotels & Resorts' profit margin?
Net earnings were $99.0M, 24.1% of revenue, in the third quarter 2026; the operating margin was 42.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.