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

Other product segments

Deferred loyalty program revenues
$85M-4.5%
Other
$18M-45.5%

Similar metrics at other companies

Choice Hotels International logo
CHHInitial franchise fees — Contract with customer, liability
$103M-7.4%
EAT
EATDeferred Franchise and Development Fees — Contract with Customer, Liability
$8.9M-8.2%
Dutch Bros logo
BROSInitial unearned franchise fees — Contract with Customer, Liability
$2.66M
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EATDeferred Franchise and Development Fees — Contract with Customer, Liability, Revenue Recognized
$800K+100%
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EATDeferred Franchise and Development Fees — Contract with Customers, Liability, Additions
$375K+150%
Choice Hotels International logo
CHHInitial Fees, Sustem Implementation Fees, Franchise Agreements, Loyalty Points — Contract with Customer, Liability
$221.76M+0.5%

Other financials

Income statement

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Revenue$327.0M+3.5%
Operating income$114.0M+1.8%
Net income$61.0M0.0%
EPS (diluted)$0.80+2.6%

Balance sheet

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Cash & equivalents$79.0M+64.6%
Total debt$2.7B+3.9%
Total equity$447.0M-22.8%
Total assets$4.2B0.0%

Cash flow

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Operating cash flow$42.0M-28.8%
CapEx$7.0M0.0%
Free cash flow$35.0M-32.7%

Valuation

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Market cap$6.3B-13.1%
Enterprise value$8.9B-8.9%
P/E20.1×-7.5×
P/S4.4×-0.7×

Profitability

See full
Operating margin30.7%-8.5pp
Net margin23.5%+5.3pp
FCF margin21.1%+4.8pp

Returns & leverage

See full
Return on equity58%+22.8pp
Debt / equity+1.5×
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 official record: Wyndham Hotels & Resorts, Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 $154M in Q1 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 5.5% year-over-year, from $146M to $154M.
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.