--- title: "Wyndham Hotels & Resorts | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 375 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293518301.md" datetime: "2026-07-22T20:35:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293518301.md) - [en](https://longbridge.com/en/news/293518301.md) - [zh-HK](https://longbridge.com/zh-HK/news/293518301.md) --- # Wyndham Hotels & Resorts | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 375 M Revenue: As of FY2026 Q2, the actual value is USD 375 M, missing the estimate of USD 400.8 M. EPS: As of FY2026 Q2, the actual value is USD 1.36, beating the estimate of USD 1.3421. EBIT: As of FY2026 Q2, the actual value is USD 174 M. ### Operational Metrics #### System Size and Development Wyndham Hotels & Resorts, Inc.’s global system, excluding Revo, expanded by 4% year-over-year, reaching 853,600 rooms as of June 30, 2026, compared to 824,200 rooms on June 30, 2025. Including Revo, the global system grew 3% to 873,400 rooms as of June 30, 2026, from 846,700 rooms on June 30, 2025. The U.S. system remained flat year-over-year at 501,100 rooms. International growth, excluding Revo, was 10% year-over-year. The global development pipeline, excluding Revo, increased 4% year-over-year to approximately 261,000 rooms and over 2,200 hotels as of June 30, 2026, with rooms under construction growing 4% year-over-year. #### RevPAR (Revenue Per Available Room) Global RevPAR decreased -1% in constant currency compared to 2025, reaching $47.01 in the second quarter of 2026. U.S. RevPAR grew 2% year-over-year to $54.50, while International RevPAR declined -6% in constant currency year-over-year to $37.31. ### Financial Performance #### Net Revenues Net revenues declined -6% to $375 million in the second quarter of 2026, compared to $397 million in the second quarter of 2025. #### Net Income Net income increased 17% year-over-year to $102 million in the second quarter of 2026, up from $87 million in the second quarter of 2025. #### Adjusted Net Income Adjusted net income grew 8% year-over-year to $111 million in the second quarter of 2026, compared to $103 million in the second quarter of 2025. #### Adjusted EBITDA Adjusted EBITDA increased 9% year-over-year to $212 million in the second quarter of 2026, compared to $195 million in the second quarter of 2025. #### Operating Income Operating income for the second quarter of 2026 was $174 million, an increase from $150 million in the second quarter of 2025. #### Expenses Total expenses in the second quarter of 2026 were $201 million, down from $247 million in the second quarter of 2025. Marketing, reservation, and loyalty expenses decreased to $131 million from $162 million. General and administrative expenses decreased to $24 million from $31 million. Restructuring and other-related costs decreased to $5 million from $13 million. #### Interest Expense, Net Interest expense, net, increased to $36 million in the second quarter of 2026, from $34 million in the second quarter of 2025. ### Cash Flow and Liquidity #### Net Cash Provided by Operating Activities Net cash provided by operating activities increased 30% to $91 million in the second quarter of 2026, from $70 million in the second quarter of 2025. For the six months ended June 30, 2026, net cash provided by operating activities was $133 million, compared to $129 million in the same period of 2025. #### Adjusted Free Cash Flow Adjusted free cash flow increased 19% to $105 million in the second quarter of 2026, from $88 million in the second quarter of 2025. For the six months ended June 30, 2026, adjusted free cash flow was $169 million, compared to $168 million in the same period of 2025. #### Cash and Liquidity Position Wyndham Hotels & Resorts, Inc. ended the second quarter of 2026 with a cash balance of $69 million and $1.0 billion in total liquidity. #### Net Debt Leverage Ratio The Company’s net debt leverage ratio at June 30, 2026, was 3.5 times, with total debt of $2,675 million and net debt of $2,606 million. ### Shareholder Returns Wyndham Hotels & Resorts, Inc. returned $86 million to shareholders in the second quarter of 2026, including $54 million in share repurchases and $32 million in quarterly cash dividends of $0.43 per share. ### Outlook / Guidance Wyndham Hotels & Resorts, Inc. updated its full-year 2026 outlook, projecting year-over-year rooms growth of 4.0% - 4.5% and global RevPAR growth of 0.0% - 1.0% on a constant currency basis. The company anticipates net revenues between $1.48 billion and $1.50 billion, adjusted EBITDA between $735 million and $745 million, and adjusted net income between $355 million and $365 million. The free cash flow conversion rate is projected to be 55% - 60%. ### Related Stocks - [WH.US](https://longbridge.com/en/quote/WH.US.md) ## Related News & Research - [WH: Q2 2026 delivered strong RevPAR, room growth, and margins, with a positive 2026 outlook](https://longbridge.com/en/news/293549537.md) - [Wyndham Q2 net income rises 17% to $102 million; adjusted EBITDA climbs 9% to $212 million](https://longbridge.com/en/news/293518234.md) - [Baxter Q2 2026 Earnings Preview](https://longbridge.com/en/news/294224876.md) - [What to Expect From Ulta Beauty’s Q2 2026 Earnings Report](https://longbridge.com/en/news/293941254.md) - [Hercules Capital declares Q2 2026 cash distribution of $0.47 per share](https://longbridge.com/en/news/294045773.md)