WYNDHAM HOTELS & RESORTS, INC.WH

WYNDHAM HOTELS & RESORTS, INC. Earnings Per Share Disclosure

10-KFiled Feb 19, 20262 min read
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) for the years ended December 31:
202520242023
Net income$193 $289 $289 
Basic weighted average shares outstanding
76.8 79.5 84.4 
Stock options and restricted stock units (“RSUs”) (a)
0.4 0.6 0.5 
Diluted weighted average shares outstanding
77.2 80.1 84.9 
Earnings per share:
Basic
$2.51 $3.64 $3.43 
Diluted
2.50 3.61 3.41 
Dividends:
Cash dividends declared per share
$1.64 $1.52 $1.40 
Aggregate dividends paid to stockholders
$127 $122 $118 
_____________________
(a)    Diluted shares outstanding exclude shares related to stock options which were immaterial for 2025, 2024 and 2023. Diluted shares outstanding exclude shares related to PSUs of 0.1 million for 2025. Such PSUs were immaterial during 2024 and 2023. Diluted shares outstanding exclude shares related to RSUs of 0.2 million, 0.3 million and 0.4 million for 2025, 2024 and 2023, respectively. Such options, PSUs and RSUs were excluded as their effect would have been anti-dilutive under the treasury stock method.
Stock Repurchase Program
The following table summarizes stock repurchase activity under the current stock repurchase program (in millions, except per share data):
SharesCostAverage Price Per Share
As of December 31, 202424.8 $1,669 $67.32 
For the twelve months ended December 31, 2025
3.1 266 85.73 
As of December 31, 202527.9 $1,935 $69.37 
The Company had $274 million of remaining availability under its program as of December 31, 2025.
In the fourth quarter of 2025, the Company retired 28 million treasury stock shares with a cost of $1.9 billion which reduced additional paid-in capital and retained earnings by $1.7 billion and $0.2 billion, respectively.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 13, 2025
2023Feb 15, 2024
2022Feb 16, 2023
2020Feb 12, 2021

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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