Wyndham Hotels & Resorts, Inc. (WH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.41	$1.48	+5.0%	—	$375M	—
Q1 26	$0.86	$0.96	+11.6%	—	$327M	—
Q4 25	$0.89	$0.93	+4.5%	—	$334M	—
Q3 25	$1.44	$1.46	+1.4%	—	$382M	—
Q2 25	$1.16	$1.33	+14.7%	—	$397M	—
Q1 25	$0.81	$0.86	+6.2%	—	$316M	—
Q4 24	$0.99	$1.04	+5.1%	—	$341M	—
Q3 24	$1.38	$1.39	+0.7%	—	$396M	—
Q2 24	$1.04	$1.13	+8.7%	—	$367M	—
Q1 24	$0.74	$0.78	+5.4%	—	$305M	—
Q4 23	$0.9	$0.91	+1.1%	—	$321M	—
Q3 23	$1.25	$1.31	+4.8%	—	$402M	—
Q2 23	$0.92	$0.93	+1.1%	—	$362M	—
Q1 23	$0.8	$0.86	+7.5%	—	$313M	—
Q4 22	$0.62	$0.72	+16.1%	—	$334M	—
Q3 22	$1.04	$1.21	+16.3%	—	$407M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.51	—	—	$1.4B	—
FY24	—	$3.64	—	—	$1.4B	—
FY23	—	$3.43	—	—	$1.4B	—
FY22	—	$3.93	—	—	$1.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.3B	$1.9B	$2.1B	$1.3B	$1.6B	$1.5B	$1.4B	$1.4B	$1.4B
YoY change	-2.46%	+0.87%	+45.9%	+9.9%	-36.7%	+20.4%	-4.28%	-6.74%	+0.79%	+1.49%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.3B	1.9B	2.1B	1.3B	1.6B	1.5B	1.4B	1.4B	1.4B
Cost of revenue	647M	637M	1.1B	1.2B	769M	770M	668M	582M	—	—
Gross profit	622M	643M	796M	867M	531M	795M	830M	815M	—	—
Gross margin	49%	50.2%	42.6%	42.2%	40.8%	50.8%	55.4%	58.3%	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	459M	461M	605M	693M	535M	563M	647M	699M	694M	690M
Operating expenses	898M	908M	1.4B	1.5B	994M	1B	897M	806M	779M	858M
Operating income	298M	297M	396M	464M	208M	455M	524M	515M	558M	509M
Operating margin	23.5%	23.2%	21.2%	22.6%	16%	29.1%	35%	36.9%	39.6%	35.6%
Non-operating income, net	-3M	-48M	-113M	-157M	-254M	-27M	32M	-15M	-66M	-107M
Pretax income	294M	243M	223M	207M	-158M	335M	476M	398M	368M	263M
Income tax	118M	13M	61M	50M	-26M	91M	121M	109M	79M	70M
Net income	176M	230M	162M	157M	-132M	244M	355M	289M	289M	193M
Net margin	13.9%	18%	8.67%	7.65%	-10.2%	15.6%	23.7%	20.7%	20.5%	13.5%
EBITDA	371M	372M	495M	577M	308M	551M	606M	597M	634M	579M
EPS	1.76	2.31	1.62	1.63	-1.42	2.61	3.93	3.43	3.64	2.51
Diluted EPS	1.76	2.31	1.62	1.62	-1.42	2.6	3.91	3.41	3.61	2.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	402M	321M	305M	367M	396M	341M	316M	397M	382M	334M	327M	375M
Cost of revenue	164M	124M	—	—	—	—	—	—	—	—	—	—
Gross profit	238M	197M	—	—	—	—	—	—	—	—	—	—
Gross margin	59.2%	61.4%	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	193M	160M	159M	187M	179M	168M	168M	193M	157M	171M	165M	155M
Operating expenses	219M	190M	179M	205M	204M	190M	187M	218M	186M	266M	190M	181M
Operating income	164M	111M	106M	145M	175M	134M	114M	164M	181M	52M	121M	179M
Operating margin	40.8%	34.6%	34.8%	39.5%	44.2%	39.3%	36.1%	41.3%	47.4%	15.6%	37%	47.7%
Non-operating income, net	-1M	-7M	-56M	-3M	-4M	-5M	-2M	-14M	-3M	-88M	-7M	-5M
Pretax income	136M	75M	22M	112M	137M	98M	79M	116M	142M	-72M	80M	138M
Income tax	33M	26M	6M	26M	35M	13M	18M	29M	37M	-12M	19M	36M
Net income	103M	49M	16M	86M	102M	85M	61M	87M	105M	-60M	61M	102M
Net margin	25.6%	15.3%	5.25%	23.4%	25.8%	24.9%	19.3%	21.9%	27.5%	-18%	18.7%	27.2%
EBITDA	183M	137M	126M	162M	192M	156M	129M	180M	196M	76M	137M	194M
EPS	1.22	—	0.2	1.07	1.3	1.09	0.78	1.13	1.37	-0.8	0.8	1.37
Diluted EPS	1.21	—	0.19	1.07	1.29	1.08	0.78	1.13	1.36	-0.8	0.8	1.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	4.5B	6.1B	5.6B	8.4B	6.4B	6.8B	8B	5.8B	5.3B
Enterprise value	—	—	6.3B	8.1B	7.7B	10.3B	8.4B	8.9B	10.4B	8.3B	7.8B
Shares outstanding	99.9M	99.8M	99.5M	96.5M	93.4M	93.4M	90.3M	84.4M	79.5M	76.8M	76.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	27.9	38.6	—	34.3	18.1	23.5	27.7	30.1	25.4
P/S	—	—	2.42	2.95	4.27	5.35	4.3	4.86	5.69	4.06	3.66
P/B	—	—	3.18	5	5.77	7.69	6.69	9.1	12.3	12.4	10.9
EV/EBITDA	—	—	12.7	14	24.9	18.7	13.8	15	16.4	14.3	13.9
EV/Sales	—	—	3.37	3.94	5.89	6.58	5.58	6.39	7.37	5.81	5.5
Earnings yield	—	—	3.59%	2.59%	—	2.91%	5.51%	4.26%	3.61%	3.33%	3.94%
FCF yield	—	—	3.5%	0.82%	0.61%	4.65%	5.59%	5%	3.01%	5.53%	6.89%
PEG	—	—	—	—	—	—	—	—	—	—	1.19

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49%	50.2%	42.6%	42.2%	40.8%	50.8%	55.4%	58.3%	—	—	—
Operating margin	23.5%	23.2%	21.2%	22.6%	16%	29.1%	35%	36.9%	39.6%	35.6%	47.7%
Net margin	13.9%	18%	8.67%	7.65%	-10.2%	15.6%	23.7%	20.7%	20.5%	13.5%	14.6%
ROE	15.8%	18.2%	11.4%	13%	-13.7%	22.4%	36.9%	38.7%	44.5%	41.2%	39.4%
ROA	8.88%	10.8%	3.26%	3.46%	-2.84%	5.72%	8.61%	7.17%	6.84%	4.62%	7.72%
ROIC	14.2%	20.2%	9.01%	10.8%	6.77%	11%	13.6%	13%	14.5%	12.6%	12.5%
Return on tangible assets	-32.9%	-38.7%	-7.74%	-6.44%	7.19%	-11.5%	-16.6%	-13.3%	-15%	-10.4%	-12.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.69	0.81	1.23	1.08	2.6	1.81	1.34	0.81	1	0.86	0.99
Quick ratio	0.69	0.81	1.23	1.08	2.6	1.81	1.34	0.81	1	0.86	0.99
Debt / equity	0.16	0.15	1.51	1.75	2.7	1.92	2.16	2.96	3.79	5.48	5.57
Debt / assets	0.09	0.09	0.43	0.47	0.56	0.49	0.5	0.55	0.58	0.61	0.62
Net debt / EBITDA	0.39	0.34	3.59	3.52	6.84	3.48	3.17	3.58	3.73	4.32	4.32
Interest coverage	295	41.5	4.72	2.99	-0.39	4.56	6.6	4.69	3.85	2.79	2.92
Effective tax rate	40.1%	5.35%	27.4%	24.2%	0%	27.2%	25.4%	27.4%	21.5%	26.6%	27.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12.7	12.8	18.8	21.3	13.9	16.8	16.6	16.6	17.7	18.6	18.7
EPS (basic)	1.76	2.31	1.62	1.63	-1.42	2.61	3.93	3.43	3.64	2.51	2.51
EPS (diluted)	1.76	2.31	1.62	1.62	-1.42	2.6	3.91	3.41	3.61	2.5	2.76
Book value per share	11.1	12.6	14.3	12.6	10.3	11.7	10.7	8.84	8.18	6.09	6.4
FCF per share	2.22	2.33	1.59	0.52	0.36	4.16	3.99	4.02	3.03	4.18	4.3
Cash per share	0.28	0.57	3.68	0.97	5.28	1.83	1.78	0.78	1.3	0.83	0.93
Capex per share	0.42	0.46	0.73	0.52	0.35	0.4	0.43	0.44	0.62	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.31%	3.59%	3.91%	2.44%	2.54%	2.36%	2.6%	2.65%	3.48%	—	—
Capex / operating cash flow	16%	19%	34.8%	-33.8%	-18.1%	9.49%	8.86%	10.1%	17%	—	—
Payout ratio	0%	0%	114.8%	71.3%	-40.2%	33.6%	32.7%	40.8%	42.2%	65.8%	60.9%
Dividend yield	—	—	4.12%	1.85%	0.95%	0.98%	1.8%	1.74%	1.52%	2.19%	2.37%

Yield

2.37%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.43

ex-dividend Sep 15, 2026

Payout ratio

61%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.43
Jun 15, 2026	$0.43
Mar 20, 2026	$0.43
Dec 15, 2025	$0.41
Sep 15, 2025	$0.41
Jun 13, 2025	$0.41
Mar 17, 2025	$0.41
Dec 13, 2024	$0.38

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$402M	$321M	$305M	$367M	$396M	$341M	$316M	$397M	$382M	$334M	$327M	$375M
YoY change	-1.23%	-3.89%	-2.56%	+1.38%	-1.49%	+6.23%	+3.61%	+8.17%	-3.54%	-2.05%	+3.48%	-5.54%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	28M	57M	366M	94M	493M	171M	161M	66M	103M	64M
Receivables	184M	194M	293M	304M	295M	246M	234M	241M	271M	291M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	255M	334M	851M	499M	900M	720M	545M	373M	467M	435M
Property, plant & equipment	99M	84M	186M	165M	63M	106M	99M	88M	66M	76M
Goodwill & intangibles	2.5B	2.7B	7.1B	7B	6.5B	6.4B	6.3B	6.2B	6.1B	6B
Total assets	2B	2.1B	5B	4.5B	4.6B	4.3B	4.1B	4B	4.2B	4.2B
Accounts payable	27M	38M	61M	30M	28M	31M	39M	32M	37M	38M
Short-term debt	103M	103M	21M	26M	25M	25M	24M	41M	46M	48M
Total current liabilities	372M	411M	693M	462M	346M	397M	406M	459M	466M	507M
Long-term debt	71M	81M	2.1B	2.1B	2.6B	2.1B	2.1B	2.2B	2.4B	2.5B
Total liabilities	872M	875M	3.6B	3.3B	3.7B	3.2B	3.2B	3.3B	3.6B	3.7B
Shareholders' equity	1.1B	1.3B	1.4B	1.2B	963M	1.1B	962M	746M	650M	468M
Total debt	174M	184M	2.1B	2.1B	2.6B	2.1B	2.1B	2.2B	2.5B	2.6B
Net debt	146M	127M	1.8B	2B	2.1B	1.9B	1.9B	2.1B	2.4B	2.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	79M	66M	50M	70M	72M	103M	48M	50M	70M	64M	79M	69M
Receivables	272M	241M	248M	275M	286M	271M	278M	319M	326M	291M	300M	331M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	466M	373M	367M	432M	445M	467M	437M	474M	508M	435M	475M	497M
Property, plant & equipment	—	88M	—	—	—	66M	—	—	—	76M	74M	94M
Goodwill & intangibles	6.2B	6.2B	6.2B	6.2B	6.2B	6.1B	6.1B	6.1B	6.1B	6B	6B	6B
Total assets	4.1B	4B	4.1B	4.2B	4.2B	4.2B	4.2B	4.3B	4.3B	4.2B	4.2B	4.3B
Accounts payable	46M	32M	63M	67M	62M	37M	39M	55M	49M	38M	40M	57M
Short-term debt	37M	41M	37M	44M	47M	46M	45M	45M	45M	48M	23M	23M
Total current liabilities	434M	459M	522M	481M	459M	466M	453M	460M	439M	507M	483M	503M
Long-term debt	2.1B	2.2B	2.2B	2.4B	2.4B	2.4B	2.5B	2.5B	2.6B	2.5B	2.6B	2.7B
Total liabilities	3.2B	3.3B	3.4B	3.5B	3.6B	3.6B	3.7B	3.7B	3.8B	3.7B	3.8B	3.9B
Shareholders' equity	856M	746M	674M	623M	583M	650M	579M	570M	583M	468M	447M	480M
Total debt	2.2B	2.2B	2.2B	2.4B	2.5B	2.5B	2.5B	2.6B	2.6B	2.6B	2.6B	2.7B
Net debt	2.1B	2.1B	2.2B	2.4B	2.4B	2.4B	2.5B	2.5B	2.6B	2.5B	2.6B	2.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	176M	230M	162M	157M	-132M	244M	355M	289M	289M	193M
Depreciation & amortization	73M	75M	99M	109M	98M	95M	77M	76M	71M	62M
Stock-based compensation	0	0	25M	20M	21M	28M	33M	39M	45M	43M
Change in working capital	-14M	29M	-38M	-210M	-137M	35M	49M	33M	-34M	51M
Operating cash flow	263M	242M	210M	-148M	-182M	390M	440M	365M	289M	367M
Capital expenditure	-42M	-46M	-73M	-50M	-33M	-37M	-39M	-37M	-49M	—
Investing cash flow	-114M	-197M	-1.7B	-53M	-31M	-34M	179M	-66M	-65M	-57M
Dividends paid	0	0	-186M	-112M	-53M	-82M	-116M	-118M	-122M	-127M
Share repurchases	0	0	-117M	-242M	-50M	-107M	-448M	-393M	-310M	-266M
Financing cash flow	-161M	-51M	1.8B	-315M	367M	-723M	-577M	-393M	-177M	-303M
Net change in cash	-12M	-6M	324M	-516M	154M	-367M	42M	-94M	47M	7M
Free cash flow	222M	232M	158M	50M	34M	389M	360M	339M	241M	321M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	103M	49M	16M	—	102M	85M	61M	88M	104M	-60M	61M	102M
Depreciation & amortization	19M	20M	20M	—	17M	17M	15M	16M	15M	16M	16M	15M
Stock-based compensation	10M	11M	10M	—	11M	12M	10M	9M	10M	14M	10M	9M
Change in working capital	-59M	70M	55M	—	-36M	29M	28M	-25M	-42M	90M	-5M	-41M
Operating cash flow	54M	121M	70M	-30M	78M	137M	68M	53M	86M	152M	42M	91M
Capital expenditure	-10M	-9M	-9M	—	-8M	-25M	-7M	-12M	—	—	—	—
Investing cash flow	-31M	-16M	-24M	—	-9M	-25M	-59M	-12M	-4M	-1M	—	—
Dividends paid	-29M	-28M	-32M	—	-29M	-30M	-33M	-32M	-31M	-31M	-34M	-32M
Share repurchases	-97M	-132M	-55M	—	-97M	-27M	-74M	-79M	-70M	-43M	-51M	-56M
Financing cash flow	-28M	-119M	-50M	—	-67M	-81M	-43M	-62M	-53M	-144M	-8M	-67M
Net change in cash	-5M	-14M	-4M	-30M	2M	31M	-34M	-21M	29M	7M	34M	24M
Free cash flow	67M	114M	67M	—	71M	109M	52M	58M	75M	136M	35M	77M

Wyndham Hotels & Resorts, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement