WH Profit Margins - WYNDHAM HOTELS & RESORTS, INC.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	46.40%	27.20%
2026-03-31	—	34.86%	18.65%
2025-12-31	—	-10.78%	-17.96%
2025-09-30	—	46.60%	27.49%
2025-06-30	—	37.78%	21.91%
2025-03-31	—	35.44%	19.30%
2024-12-31	—	38.28%	25.22%
2024-09-30	—	43.18%	25.76%
2024-06-30	—	39.51%	23.43%
2024-03-31	—	16.39%	5.25%
2023-12-31	—	33.77%	15.91%
2023-09-30	—	40.55%	25.62%
2023-06-30	—	33.98%	19.34%
2023-03-31	—	36.10%	21.41%
2022-12-31	—	48.95%	29.47%
2022-09-30	—	39.31%	24.82%
2022-06-30	—	37.56%	23.83%
2022-03-31	—	43.13%	28.57%
2021-12-31	—	122.22%	68.06%
2021-09-30	—	34.77%	22.25%
2021-06-30	—	32.76%	16.75%
2021-03-31	—	20.79%	7.92%
2020-12-31	—	-38.89%	12.96%
2020-09-30	—	21.07%	8.01%
2020-06-30	—	-75.19%	-67.44%
2020-03-31	—	13.66%	5.37%
2019-12-31	—	-77.86%	-48.85%
2019-09-30	—	16.25%	3.93%
2019-06-30	—	11.63%	4.88%
2019-03-31	—	10.68%	4.49%
2018-12-31	—	15.56%	8.35%
2018-09-30	—	17.38%	9.60%
2018-06-30	—	8.97%	4.83%
2018-03-31	—	18.54%	12.91%
2017-12-31	—	2.56%	29.39%
2017-09-30	—	29.39%	16.71%
2017-06-30	—	25.38%	14.50%
2017-03-31	—	19.72%	11.42%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	28.13%	13.51%
2024-12-31	—	35.26%	20.58%
2023-12-31	—	36.34%	20.88%
2022-12-31	—	41.21%	26.22%
2021-12-31	—	35.82%	19.60%
2020-12-31	—	-4.84%	-13.89%
2019-12-31	—	21.47%	10.98%
2018-12-31	—	15.15%	8.67%
2017-12-31	—	19.45%	17.97%
2016-12-31	—	23.25%	13.87%