Jun 2026 (Q2 FY26) — Aug 5, 2026
Choice Hotels Q2 FY26 — Strong Net Rooms Growth and RevPAR Recovery
Read the full callChoice Hotels (CHH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Choice Hotels earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 441 | +3.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.6 | −5.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 64.3 | −21.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 19 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $6.92 to $7.14 per share | Dec 2025 | we have updated our adjusted diluted earnings per share guidance to $6.86 to $7.10 primarily reflecting higher expected interest expense and a higher effective tax rate partially offset by the benefit of share repurchases. | Revised Down |
| Adjusted SG&A growth | mid-single digits | Dec 2025 | Adjusted SG&A for the full year is expected to continue to grow in the mid-to digits benefiting from operating efficiencies across the business, including the continued scaling of AI-enabled tools. | On Track |
8 of CHOICE HOTELS INTERNATIONAL INC /DE's 41 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 39 more targets are in the full ledger.
Claimed
- Adjusted EBITDA increased 6% year-over-year to $175 million.
- U.S. net rooms growth improved sequentially for the second consecutive quarter, now nearly flat year-over-year.
- Global rooms growth reached 2.6% in Q2, driven by a 16% increase in room openings.
- U.S. RevPAR increased 1.3% year-over-year, supported by strengthening demand and FIFA World Cup tailwinds.
- Loyalty membership grew 7% year-over-year to $77 million, with loyalty contribution increasing over 250 basis points.
Qualified
- Adjusted SG&A increased 7% year-over-year due to the Canada direct franchising transition and higher account receivable reserves.
- Operating cash flow declined to $67 million in H1 FY26 from $116 million in the prior year, primarily due to higher franchise agreement acquisition costs and increased reimbursable expenses.
- The prior year's Q3 included approximately $9.5 million in liquidated damages not expected in Q3 FY26, creating a tough year-over-year adjusted EBITDA comparison.
- U.S. RevPAR lagged the company's chain scale mix, being under-indexed in urban markets and business transient segments.
Price
$109.64 +1.13% · +$1.23
Performance +10.0% 1Y
1Y: $99.68 on 17 Oct 2025 → $109.64. High $122.08 (20 Apr 2026), low $84.4 (9 Dec 2025).
- Previous close
- $108.41
- 52-week range
- $84.4 – $122.08
- One year
- +10.70%
Overview
- Symbol
- CHH
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 19 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted diluted EPS | $6.92 to $7.14 per share | Dec 2025 | we have updated our adjusted diluted earnings per share guidance to $6.86 to $7.10 primarily reflecting higher expected interest expense and a higher effective tax rate partially offset by the benefit of share repurchases. | Revised Down |
| Adjusted SG&A growth | mid-single digits | Dec 2025 | Adjusted SG&A for the full year is expected to continue to grow in the mid-to digits benefiting from operating efficiencies across the business, including the continued scaling of AI-enabled tools. | On Track |
Claimed
- Adjusted EBITDA increased 6% year-over-year to $175 million.
- U.S. net rooms growth improved sequentially for the second consecutive quarter, now nearly flat year-over-year.
- Global rooms growth reached 2.6% in Q2, driven by a 16% increase in room openings.
- U.S. RevPAR increased 1.3% year-over-year, supported by strengthening demand and FIFA World Cup tailwinds.
- Loyalty membership grew 7% year-over-year to $77 million, with loyalty contribution increasing over 250 basis points.
Qualified
- Adjusted SG&A increased 7% year-over-year due to the Canada direct franchising transition and higher account receivable reserves.
- Operating cash flow declined to $67 million in H1 FY26 from $116 million in the prior year, primarily due to higher franchise agreement acquisition costs and increased reimbursable expenses.
- The prior year's Q3 included approximately $9.5 million in liquidated damages not expected in Q3 FY26, creating a tough year-over-year adjusted EBITDA comparison.
- U.S. RevPAR lagged the company's chain scale mix, being under-indexed in urban markets and business transient segments.
The full ledger
Open CHOICE HOTELS INTERNATIONAL INC /DE’s full ledger
A free account opens 5 company ledgers a month. All 41 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Choice Hotels Q1 FY26 — Rooms Growth Inflection and Declining Capital Intensity
Read the full callEvery analysed call
Choice Hotels earnings calls (CHH)
Financials
What the filings say
Net profit, year on year: −21% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 428 | 390 | 333 | 426 | 447 | 390 | 341 | 441 |
| Expenses | 276 | 271 | 253 | 302 | 305 | 289 | 281 | 337 |
| Operating profit | 152 | 119 | 80 | 125 | 142 | 101 | 60 | 104 |
| Operating margin | 35.5% | 30.6% | 24.0% | 29.2% | 31.8% | 26.0% | 17.6% | 23.6% |
| Other income | -15 | -18 | -20 | -16 | 69 | -24 | -30 | -18 |
| Interest | 22 | 21 | 21 | 23 | 23 | 24 | 24 | 24 |
| Profit before tax | 137 | 102 | 60 | 109 | 211 | 78 | 30 | 86 |
| Tax rate | 22.9% | 25.5% | 25.5% | 24.8% | 14.7% | 17.9% | 33.0% | 25.1% |
| Net profit | 106 | 76 | 45 | 82 | 180 | 64 | 20 | 64 |
| EPS ($ per share) | 2.24 | — | 0.95 | 1.76 | 3.89 | — | 0.44 | 1.42 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | — | — | — | — | — |
| Reserves | 795 | 969 | 1,025 | 1,275 | 1,556 | 1,756 | 2,001 | 2,318 |
| Total liabilities | 1,322 | 1,410 | 1,593 | 1,666 | 1,948 | 2,359 | 2,576 | 2,737 |
| Fixed assets | 128 | 352 | 335 | 377 | 427 | 493 | 604 | 649 |
| Total assets | 1,138 | 1,387 | 1,587 | 1,932 | 2,102 | 2,395 | 2,531 | 2,918 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 243 | 271 | 110 | 384 | 367 | 297 | 319 | 270 |
| Cash from investing | -321 | -251 | -24 | -79 | -442 | -266 | -85 | -218 |
| Cash from financing | -129 | -12 | 115 | -28 | -394 | -46 | -222 | -50 |
| Net cash flow | -208 | — | — | — | — | — | — | — |
| Capital expenditure | -48 | -57 | -34 | -74 | -90 | -116 | -146 | -146 |
| Free cash flow | 195 | 213 | 76 | 309 | 277 | 180 | 174 | 125 |
CHH revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Franchising and Management | 92% | 93% | 91% | 93% | 92% | 92% | 91% | 92% | +2.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
106 filings between Dec 29, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$4.62M
13 sales by 4 insiders
92% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 65
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 12
- Tax withheld — shares kept back by the company to cover tax
Also filed: 9 other filings, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Dragisich Dominic | — | $2.58M | May 26, 2026 |
| WU Simone | — | $820.6K | Feb 2, 2026 |
| Oaksmith Scott E | — | $670.3K | Jun 16, 2026 |
| JEWS WILLIAM L | — | $541.0K | Aug 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | JEWS WILLIAM L Director | Award | 17 | $1.8K |
| Oct 15, 2026 | Cimerola Patrick Chief Human Resources Officer | Award | 77 | $8.0K |
| Oct 15, 2026 | Ramirez Sanchez Raul Chief Seg & Intl Op Officer | Award | 9 | $966 |
| Oct 15, 2026 | Landsman Liza Director | Award | 22 | $2.2K |
| Oct 15, 2026 | Koch Monte JM Director | Award | 36 | $3.7K |
| Oct 15, 2026 | VIEIRA DONNA F Director | Award | 4 | $363 |
| Oct 15, 2026 | SHAMES ERVIN R Director | Award | 113 | $11.7K |
| Oct 15, 2026 | Maureen Sullivan Director | Award | 30 | $3.1K |
| Oct 15, 2026 | Smith Gordon Director | Award | 23 | $2.4K |
| Oct 15, 2026 | TAGUE JOHN P Director | Award | 71 | $7.3K |
| Aug 31, 2026 | Dragisich Dominic President & CEO | Award | 9,675 | $0 |
| Aug 31, 2026 | Pacious Patrick Director | Tax withheld | 46,122 | $4.77M |
| Aug 18, 2026 | JEWS WILLIAM L Director | Sale | 5,057 | $541.0K |
| Aug 15, 2026 | Abdalla Noha Chief Marketing Officer | Tax withheld | 503 | $52.7K |
| Jul 15, 2026 | SHAMES ERVIN R Director | Award | 110 | $11.6K |
| Jul 15, 2026 | Maureen Sullivan Director | Award | 29 | $3.1K |
| Jul 15, 2026 | VIEIRA DONNA F Director | Award | 3 | $361 |
| Jul 15, 2026 | Koch Monte JM Director | Award | 35 | $3.7K |
| Jul 15, 2026 | Ramirez Sanchez Raul Chief Seg & Intl Op Officer | Award | 9 | $963 |
| Jul 15, 2026 | TAGUE JOHN P Director | Award | 69 | $7.3K |
| Jul 15, 2026 | Smith Gordon Director | Award | 23 | $2.4K |
| Jul 15, 2026 | JEWS WILLIAM L Director | Award | 17 | $1.8K |
| Jul 15, 2026 | Landsman Liza Director | Award | 21 | $2.2K |
| Jul 15, 2026 | Cimerola Patrick Chief Human Resources Officer | Award | 75 | $8.0K |
| Jun 22, 2026 | Landsman Liza Director | Gift | 1,028 | $0 |
| Jun 16, 2026 | Oaksmith Scott E SVP, Chief Financial Officer | Sale 10b5-1 plan | 2,000 | $230.0K |
| Jun 12, 2026 | Oaksmith Scott E SVP, Chief Financial Officer | Sale 10b5-1 plan | 2,000 | $220.0K |
| May 26, 2026 | Dragisich Dominic Interim CEO | Sale 10b5-1 plan | 2,104 | $236.7K |
| May 26, 2026 | Dragisich Dominic Interim CEO | Option exercise 10b5-1 plan | 12,796 | $1.17M |
| May 26, 2026 | Dragisich Dominic Interim CEO | Sale 10b5-1 plan | 1,972 | $227.1K |
| May 26, 2026 | Dragisich Dominic Interim CEO | Sale 10b5-1 plan | 13,521 | $1.55M |
| May 26, 2026 | Dragisich Dominic Interim CEO | Sale 10b5-1 plan | 5,024 | $570.5K |
| May 21, 2026 | SHAMES ERVIN R Director | Award | 1,570 | $0 |
| May 21, 2026 | Landsman Liza Director | Award | 1,570 | $0 |
| May 21, 2026 | Koch Monte JM Director | Award | 1,570 | $0 |
| May 21, 2026 | JEWS WILLIAM L Director | Award | 1,570 | $0 |
| May 21, 2026 | Bainum Brian Director | Other | 1,570 | $175.0K |
| May 21, 2026 | Smith Gordon Director | Award | 1,570 | $0 |
| May 21, 2026 | VIEIRA DONNA F Director | Award | 1,570 | $0 |
| May 21, 2026 | TAGUE JOHN P Director | Award | 1,570 | $0 |
| May 21, 2026 | Maureen Sullivan Director | Award | 1,570 | $0 |
| May 20, 2026 | Dragisich Dominic Interim CEO | Award | 4,454 | $0 |
| May 18, 2026 | Bainum Brian Director | Other | 416 | $0 |
| May 18, 2026 | Bainum Brian Director | Other | 416 | $0 |
| May 16, 2026 | Bainum Brian Director | Other | 423 | $0 |
| May 16, 2026 | Bainum Brian Director | Other | 423 | $0 |
| May 15, 2026 | Bainum Brian Director | Other | 455 | $0 |
| May 15, 2026 | Bainum Brian Director | Other | 455 | $0 |
| Apr 15, 2026 | VIEIRA DONNA F Director | Award | 2 | $241 |
| Apr 15, 2026 | Smith Gordon Director | Award | 13 | $1.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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