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Wyndham Hotels & Resorts, Inc. WH Deferred initial franchise fee revenues — Contract Liabilities

Other product segments

Deferred loyalty program revenues
$108M
Other
$17M+6.3%

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Other financials

Income statement

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Revenue$375.0M-5.5%
Operating income$174.0M+16.0%
Net income$102.0M+17.2%
EPS (diluted)$1.36+20.4%

Balance sheet

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Cash & equivalents$89.0M+78.0%
Total debt$2.7B+2.9%
Total equity$480.0M-15.8%
Total assets$4.3B+0.8%

Cash flow

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Operating cash flow$91.0M+30.0%
CapEx$14.0M+16.7%
Free cash flow$77.0M+32.8%

Valuation

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Market cap$5.58B-14.5%
Enterprise value$8.19B-10.0%
P/E15.7×-5.9×
P/S3.9×-0.6×

Profitability

See full
Operating margin32.9%-5.9pp
Net margin23.5%+5.3pp
FCF margin22.8%+2.8pp

Returns & leverage

See full
Return on equity58%+22.8pp
Debt / equity5.6×+1.0×
Current ratio0.0×

Where this comes from

Reported directly by Wyndham Hotels & Resorts, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Wyndham Hotels & Resorts, Inc.’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 2:40 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001722684-26-000074
Line itemJune 30, 2026December 31, 2025
Deferred initial franchise fee revenues$155$151
Deferred loyalty program revenues10891
Deferred co-branded credit card program revenues9198
Deferred other revenues1714
Total$371$354

Item 1. Condensed Consolidated Financial Statements (Unaudited).

FAQ

What is Wyndham Hotels & Resorts, Inc.'s deferred initial franchise fee revenues — contract liabilities?
Wyndham Hotels & Resorts, Inc. (WH) reported deferred initial franchise fee revenues — contract liabilities of $155M in Q2 2026.
How has Wyndham Hotels & Resorts, Inc.'s deferred initial franchise fee revenues — contract liabilities changed year-over-year?
Wyndham Hotels & Resorts, Inc.'s deferred initial franchise fee revenues — contract liabilities increased by 6.2% year-over-year, from $146M to $155M.
What is the long-term trend for Wyndham Hotels & Resorts, Inc.'s deferred initial franchise fee revenues — contract liabilities?
Over 4 years (2021 to 2025), Wyndham Hotels & Resorts, Inc.'s deferred initial franchise fee revenues — contract liabilities has grown at a 0.7% compound annual growth rate (CAGR), from $574M to $591M.
What does deferred initial franchise fee revenues — contract liabilities mean?
This metric represents the portion of initial franchise fees received from hotel owners that has not yet been recognized as revenue because the performance obligations under the franchise agreement remain unsatisfied. It serves as a balance sheet liability reflecting the company's future obligation to provide services or support to franchisees. Monitoring this balance provides insight into the pipeline of new franchise agreements and the timing of future revenue recognition.

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