Wyndham Hotels & Resorts (WH) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Wyndham Hotels & Resorts published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Wyndham Hotels & Resorts 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.

• Wyndham has one operating segment, Hotel Franchising, so all net revenues sit in it. Its marketing fund revenues exceeded marketing expenses by $1 million in Q3 2026 against $18 million in Q3 2025, which Wyndham says affects the comparison of net income and EPS.
• Wyndham's room counts and growth figures exclude rooms of Revo Hospitality Group, a franchisee in insolvency; Wyndham took ownership of two hotels associated with Revo in 2026.

Source: Wyndham Hotels & Resorts Q3 2026 results, October 21, 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 Wyndham Hotels & Resorts 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.

• Wyndham Hotels & Resorts's Royalties and franchise fees revenue was $156 million in Q3 2026, up 6% from $147 million in Q3 2025, 38% of total revenue.
• Wyndham Hotels & Resorts's Marketing, reservation and loyalty revenue was $158 million in Q3 2026, up 6% from $149 million in Q3 2025, 39% of total revenue.
• Wyndham Hotels & Resorts's Management and other fees revenue was $8.0 million in Q3 2026, up 300% from $2.0 million in Q3 2025, 2% of total revenue.
• Wyndham Hotels & Resorts's License and other fees revenue was $36.0 million in Q3 2026, up 3% from $35.0 million in Q3 2025, 9% of total revenue.
• Wyndham Hotels & Resorts's Other revenue was $52.0 million in Q3 2026, up 6% from $49.0 million in Q3 2025, 13% 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, Wyndham Hotels & Resorts said:

“Net revenues $1.48-$1.50 billion”

“Adjusted net income $363-$369 million”

“Adjusted diluted EPS $4.84-$4.92”

“The Company's updated outlook assumes fourth quarter domestic RevPAR is roughly consistent with third quarter performance.”

Source: Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026.

This is the company's own guidance as of Oct 21, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the WH forecast page.

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

Net revenues and GAAP diluted EPS, each as first reported in that quarter's release. The Q4 2025 loss of $(0.80) per share came mainly from non-cash impairment and other-related charges, including charges related to Revo.

We do not hold a confirmed date for Wyndham Hotels & Resorts'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 Oct 21, 2026

Wyndham Hotels & Resorts is a hotel franchisor: it describes itself as the world's largest hotel franchising company by number of franchised properties, with over 8,300 affiliated hotels and 25 brands. In Q3 2026 its net revenues were $410 million, up 7% from $382 million, made up of $156 million of royalties and franchise fees, $158 million of marketing, reservation and loyalty revenue, $36 million of license and other fees, $8 million of management and other fees and $52 million of other revenue. (Wyndham Hotels & Resorts Form 10-K, 2025, Feb 19, 2026; Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

Wyndham's 10-Q breaks down the $28 million increase: $9 million of higher royalty and franchise fees from higher RevPAR, system size and franchise fees, $9 million of higher marketing, reservation and loyalty revenue, $6 million of higher management and other fees, mainly from its two owned hotels, and $4 million of higher ancillary revenue, mainly from its co-branded credit card program. (Wyndham Hotels & Resorts Form 10-Q, Q3 2026, Oct 22, 2026)

Wyndham's royalties track room revenue at its franchised hotels. U.S. RevPAR was $58.35, up 6% in constant currency, international RevPAR was $41.79, down 3%, and global RevPAR was $51.13, up 2%. In China, RevPAR declined 10%, which Wyndham attributed to softer travel demand, particularly in Tier 2 cities. The global average royalty rate was 4.0%, with 4.7% in the U.S. and 2.6% internationally. (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026; Wyndham Hotels & Resorts Form 10-Q, Q3 2026, Oct 22, 2026)

Wyndham's system had 877,400 rooms at September 30, 2026, against 855,400 a year earlier; excluding Revo it had 864,400 rooms, up 4%. U.S. rooms fell 1% to 500,000 while international rooms rose 7% to 377,400. The development pipeline reached approximately 264,000 rooms and over 2,200 hotels, about 42% of it in the U.S. (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

Wyndham Hotels & Resorts earned net income of $99 million, or $1.33 per diluted share, in Q3 2026, against $105 million, or $1.36, a year earlier. Adjusted diluted EPS was $1.43, against $1.46. Wyndham's adjusted figures exclude items including acquisition-related amortization, impairment and other-related charges (including Revo-related charges), restructuring costs and transaction-related items. (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

Wyndham's marketing, reservation and loyalty revenues of $158 million exceeded the matching expenses of $157 million by $1 million, against an $18 million surplus in Q3 2025, and Wyndham puts that variability at $(0.16) per share. On a comparable basis that strips it out, Wyndham says adjusted diluted EPS rose about 9%. (Wyndham Hotels & Resorts Form 10-Q, Q3 2026, Oct 22, 2026; Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

Wyndham's diluted share count fell to 74.3 million from 76.9 million. It repurchased about 1.2 million shares for $91 million in the quarter, at an average price of $73.39, and paid dividends of $0.43 per share. The effective tax rate was 26.7%, against 26.1%, which Wyndham attributed to a lower tax benefit on restructuring costs. (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026; Wyndham Hotels & Resorts Form 10-Q, Q3 2026, Oct 22, 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.

Wyndham Hotels & Resorts gives a full-year outlook in its release and raised parts of it with Q3 2026. It now expects net revenues of $1.48 to $1.50 billion (unchanged), adjusted EBITDA of $740 to $745 million (from $735 to $745 million), adjusted net income of $363 to $369 million and adjusted diluted EPS of $4.84 to $4.92 (from $4.71 to $4.83). (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

Wyndham's outlook assumes global RevPAR growth of 0.5% to 1.0% in constant currency, rooms growth of about 4% excluding any Revo room terminations, and fourth-quarter U.S. RevPAR roughly in line with the third quarter. It expects marketing fund revenues to roughly equal expenses for full-year 2026. Its board increased the share repurchase authorization by $400 million. (Wyndham Hotels & Resorts Q3 2026 release, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover Wyndham Hotels & Resorts, 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 Wyndham Hotels & Resorts'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 WH is on is WH a buy or a sell?, what analysts expect next is on the WH forecast, and what the company does is on the Wyndham Hotels & Resorts (WH) stock page.

Every number on this page can be traced to a document Wyndham Hotels & Resorts 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.