Choice Hotels International (CHH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Choice Hotels International published the results on November 2, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Choice Hotels International reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• The year-ago quarter included a $100 million gain from the acquisition of a joint venture, which is why GAAP EPS fell from $3.86 to $1.28. Choice excludes that gain from adjusted results.
• Choice acquired Harvest Hosts, an RV travel subscription platform, for about $130 million on October 1, 2026, after the quarter ended. Its results are not in Q3 2026.

Source: Choice Hotels Q3 2026 results, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Choice Hotels International splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Choice Hotels International's Franchise and management fees revenue was $204 million in Q3 2026, up 5% from $194 million in Q3 2025, 44% of total revenue.
• Choice Hotels International's Partnership services and fees revenue was $28.3 million in Q3 2026, down 2% from $28.9 million in Q3 2025, 6% of total revenue.
• Choice Hotels International's Owned hotels revenue was $38.1 million in Q3 2026, up 15% from $33.2 million in Q3 2025, 8% of total revenue.
• Choice Hotels International's Other revenue was $15.3 million in Q3 2026, down 31% from $22.1 million in Q3 2025, 3% of total revenue.
• Choice Hotels International's Revenue for reimbursable costs from franchised and managed properties revenue was $173 million in Q3 2026, up 2% from $169 million in Q3 2025, 38% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Choice Hotels International said:

“Net income $178 to $185 million”

“Adjusted EBITDA $641 to $651 million”

“Adjusted diluted EPS $6.92 to $7.07”

“U.S. RevPAR growth 1.5% to 2.5%”

Source: Choice Hotels Q3 2026 release, Nov 2, 2026.

This is the company's own guidance as of Nov 2, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CHH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and GAAP diluted EPS, each as first reported in that quarter's release. Choice reports in thousands; revenue is shown in millions.

We do not hold a confirmed date for Choice Hotels International's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 2, 2026

Choice Hotels International is mostly a franchisor. Of $458.3 million in total revenues in Q3 2026, franchise and management fees were $203.7 million, partnership services and fees $28.3 million, owned hotels $38.1 million and other revenue $15.3 million. The remaining $172.9 million was revenue for reimbursable costs from franchised and managed properties, which Choice collects for system-wide marketing and reservation activities and spends on them. Excluding reimbursable revenues, revenue was $285 million, against $278 million. (Choice Hotels Q3 2026 release, Nov 2, 2026; Choice Hotels Form 10-Q, Q3 2026, Nov 2, 2026)

U.S. royalty fees rose $5.4 million to $132.1 million. Choice attributed the increase to a 3.8% rise in U.S. RevPAR, made up of a 1.0% increase in average daily rate and a 160-basis-point increase in occupancy, and to a rise in the average U.S. royalty rate from 5.15% to 5.23%. International royalty fees rose $2.7 million to $17.3 million as the international system grew by 109 hotels to 1,423. (Choice Hotels Form 10-Q, Q3 2026, Nov 2, 2026)

A franchisee pays Choice an initial fee, a percentage-of-revenue royalty fee and a marketing and reservation fee, so Choice's fee revenue depends on the number of rooms in its system and the room revenue of those hotels. At September 30, 2026 the global system had 660,614 rooms, up 1.7%, of which 498,215 were in the U.S. (about flat) and 162,399 international (up 7.3%). (Choice Hotels Form 10-K, 2025, Feb 19, 2026; Choice Hotels Q3 2026 release, Nov 2, 2026)

Other revenues fell to $15.3 million from $22.1 million. Choice recorded liquidated damages revenue of $3.3 million in Q3 2026, against $9.5 million a year earlier; excluding it, revenues excluding reimbursable revenues increased 5%. (Choice Hotels Q3 2026 release, Nov 2, 2026)

Choice Hotels International reported GAAP diluted EPS of $1.28, against $3.86 a year earlier, and adjusted diluted EPS of $2.33, against $2.10. The year-ago GAAP figure included a $100 million gain from the acquisition of a joint venture. Q3 2026 GAAP results included a $24 million charge for terminating an arrangement that carried an option to acquire a European hospitality business and a $6 million non-cash impairment on two owned hotels. All three are excluded from adjusted results. (Choice Hotels Q3 2026 release, Nov 2, 2026)

Adjusted results also exclude the net surplus or deficit from reimbursable activities. In Q3 2026 reimbursable expenses of $192.8 million exceeded reimbursable revenues of $172.9 million. Choice said adjusted EPS benefited from higher franchise and management fees and from share repurchases. (Choice Hotels Q3 2026 release, Nov 2, 2026)

Choice repurchased 1.4 million shares for $151.1 million in the first nine months of 2026 and returned $211 million to shareholders through dividends and repurchases over that period; 1.3 million shares remained under the authorization at September 30, 2026. The effective tax rate was 22.8% in the quarter, against 14.7% a year earlier. (Choice Hotels Form 10-Q, Q3 2026, Nov 2, 2026; Choice Hotels Q3 2026 release, Nov 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Choice Hotels International updates a full-year outlook in its release. For 2026 it lowered net income guidance to $178 million to $185 million (from $230 million to $241 million) and diluted EPS to $3.92 to $4.07, citing higher expected marketing and reservation system reimbursable expenses, the $24 million termination charge, impairments, lower equity earnings of affiliates and higher interest expense. (Choice Hotels Q3 2026 release, Nov 2, 2026)

It raised adjusted EBITDA guidance to $641 million to $651 million (from $635 million to $650 million), set adjusted diluted EPS at $6.92 to $7.07, and raised expected U.S. and global RevPAR growth to 1.5% to 2.5%. The outlook includes Harvest Hosts from its October 1, 2026 acquisition date. (Choice Hotels Q3 2026 release, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Choice Hotels International, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Choice Hotels International's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CHH is on is CHH a buy or a sell?, what analysts expect next is on the CHH forecast, and what the company does is on the Choice Hotels International (CHH) stock page.

Every number on this page can be traced to a document Choice Hotels International published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.