Wyndham Beats on U.S. RevPAR, Raises 2026 Outlook and Adds $400M to Buyback
WH sits 20% above its 52-week low of $66.87.
Summary
Wyndham reported Q3 net income of $99M and adjusted EBITDA of $207M, with U.S. RevPAR up 6%, and raised full-year EBITDA and EPS guidance while adding $400M to its buyback authorization.
Key Events · Earnings and Guidance · WH
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Q3 Results and Raised Guidance
Net revenues rose 7% to $410M and adjusted EBITDA was $207M; full-year adjusted EBITDA guidance was lifted to $740-745M and adjusted diluted EPS to $4.84-4.92 from $4.71-4.83.
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U.S. RevPAR Outperformance
U.S. RevPAR grew 6% year-over-year versus a 3% year-to-date pace, while international constant-currency RevPAR fell 3% with China down 10%.
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$400M Buyback Authorization Increase
The board added $400M to the repurchase authorization after $91M of Q3 buybacks (~1.2M shares at an average $73.39) and $196M year-to-date.
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Cash Generation and Leverage
Q3 operating cash flow was $93M and free cash flow $100M; net debt leverage was 3.6x against a 3-to-4x target, with $988M of total liquidity.
Analysis · WH · Real Estate & Construction
Domestic strength drove Wyndham's Q3 ahead of its own expectations, prompting management to raise full-year adjusted EBITDA, EPS and RevPAR guidance. The headline GAAP numbers look softer — net income fell 6% to $99M and adjusted EBITDA slipped 3% to $207M — but that reflects marketing-fund timing: on a comparable basis adjusted EBITDA rose 5% and adjusted EPS rose about 9%. Capital allocation offers the clearest signal of management's confidence: the board added $400M to the repurchase authorization on top of $196M already bought back this year, funded by $100M of quarterly free cash flow and 3.6x leverage sitting mid-range. The offset is international, where constant-currency RevPAR fell 3% and China dropped 10%, plus the ongoing Revo insolvency that is trimming system size and deferring royalties.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WH was trading at $80.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $66.87 to $90.35. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.