Wyndham Hotels & Resorts, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2024


4. EARNINGS PER SHARE

The computation of basic and diluted earnings per share (“EPS”) is based on net income divided by the basic weighted average number of common shares and diluted weighted average number of common shares, respectively.

The following table sets forth the computation of basic and diluted EPS (in millions, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Net income	$	105	$	102	$	253	$	204

Basic weighted average shares outstanding	76.4		78.8		77.1		80.1
Stock options and restricted stock units (“RSUs”) (a)	0.5		0.4		0.5		0.4
Diluted weighted average shares outstanding	76.9		79.2		77.6		80.5

Earnings per share:
Basic	$	1.37	$	1.30	$	3.28	$	2.55
Diluted	1.36		1.29		3.26		2.54

Dividends:
Cash dividends declared per share	$	0.41	$	0.38	$	1.23	$	1.14
Aggregate dividends paid to stockholders	$	31	$	29	$	96	$	92

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(a) Anti-dilutive shares related to stock options were immaterial for both the three and nine months ended September 30, 2025 and 2024. Diluted shares outstanding excludes anti-dilutive shares related to RSUs of 0.2 million for both the three and nine months ended September 30, 2025 and 0.5 million for both the three and nine months ended September 30, 2024.

Stock Repurchase Program

The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data) which includes excise taxes and fees:


	Shares	Cost		Average Price Per Share
As of December 31, 2024	24.8	$	1,669	$	67.32
For the nine months ended September 30, 2025	2.5	223		87.70
As of September 30, 2025	27.3	$	1,892	$	69.22

The Company had $316 million of remaining availability under its program as of September 30, 2025.