10-Q · April 30, 2026
Wyndham Hotels & Resorts delivered a solid Q1 2026, surpassing revenue expectations of $321.75 million with reported revenue of $327 million, alongside an EPS of $0.96 against an estimate of $0.86. However, the net…
Earnings analysis · 10-Q
WH earnings analysis
Filed October 22, 2026 · Our reading of the company's report
The latest report
Wyndham reported Q3 revenue of $410 million and diluted EPS of $1.43, exceeding consensus estimates of $408.5 million and $1.31; revenue also grew from $375 million in Q2 2026 and $382 million in Q3 2025. Capital…
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Wyndham reported Q3 revenue of $410 million and diluted EPS of $1.43, exceeding consensus estimates of $408.5 million and $1.31; revenue also grew from $375 million in Q2 2026 and $382 million in Q3 2025. Capital returns were substantial, with 1,237,307 shares repurchased for $89.9 million during the quarter and $479.1 million remaining under the authorization. The filing does not identify new Item 1A risk-factor changes, but highlights ongoing interest-rate and foreign-currency exposures, including $159 million of variable-rate borrowings and $143 million of FX hedging notional exposure.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.43
What stood out
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Revenue and EPS exceeded consensus
Q3 revenue was $410 million and diluted EPS was $1.43, above consensus estimates of $408.5 million and $1.31, respectively. Revenue increased from $375 million in Q2 2026 and from $382 million in Q3 2025.
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Accelerated share repurchases
The company repurchased 1,237,307 shares during the quarter at an average price of $72.67, with $479.1 million remaining under the repurchase authorization at September 30, 2026.
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Debt-rate exposure is actively hedged
Interest-rate risk was partly mitigated through swaps, leaving $159 million of variable-rate borrowings net of swaps at September 30, 2026. Management estimates that a one-point change in underlying rates would affect annual interest expense by approximately $2 million.
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Foreign-exchange exposure is hedged
Foreign-exchange hedging instruments had an absolute notional amount of $143 million at September 30, 2026. A hypothetical 10% currency move would change the fair value of those contracts by approximately $6 million, largely offset by the underlying exposures.
What to watch
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Interest-rate sensitivity
Variable-rate borrowings totaled $159 million net of swaps at September 30, 2026. A hypothetical 10% increase or decrease in the effective weighted-average rate would change annual long-term debt interest expense by approximately $1 million.
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Persistent currency exposure
The company has $143 million of outstanding foreign-exchange hedging notional exposure, and a hypothetical 10% currency-rate change would affect derivative fair value by approximately $6 million. Management anticipates currency risk will remain an exposure for the foreseeable future.
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Argentina inflationary-market exposure
Argentina was classified as highly inflationary, with approximately $10 million of net foreign-currency exposure as of September 30, 2026. The company incurred immaterial losses from highly inflationary economies in both the nine months ended September 30, 2026 and 2025.
Management's outlook
The provided 10-Q excerpt does not include quantitative revenue or EPS guidance. Prior 8-K guidance is not repeated here; it reported full-year revenue guidance of $1.48 billion-$1.50 billion and adjusted diluted EPS guidance of $4.84-$4.92.
Earlier filings 4
10-K · February 19, 2026
Wyndham positions itself as the world’s largest hotel franchisor (over 8,300 affiliated hotels and ~869,000 rooms) operating an asset-light, fee-based model that generated Hotel Franchising adjusted EBITDA of $781…
10-Q · October 23, 2025
Wyndham reported Q3 net revenues of $382 million (down $14 million or -3.5% year-over-year from $396 million) while operating income improved to $178 million (up $7 million YoY) and diluted EPS rose to $1.36 (from…
10-Q · May 1, 2025
Wyndham reported Q1 net revenues of $316 million (vs. $305 million in Q1 2024) and operating income of $112 million (vs. $50 million in Q1 2024), driving net income of $61 million and diluted EPS of $0.78. The company…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.