Wyndham Hotels & Resorts — Feb 18, 2026 release

Table 8 WYNDHAM HOTELS & RESORTS 2026 OUTLOOK As of February 18, 2026 (In millions, except per share data) 2026 Outlook Fee-related and other revenues $ 1,455 – 1,485 Adjusted EBITDA (a) 730 – 745 Depreciation and amortization expense (b) 36 – 38 Development advance notes amortization expense 35 – 37 Stock-based compensation expense 41 – 43 Interest expense, net 139 – 141 Adjusted income before income taxes 473 – 492 Income tax expense (c) 119 – 124 Adjusted net income $ 354 – 368 Adjusted diluted EPS $ 4.62 – 4.80 Diluted shares (d) 76.7 Capital expenditures $40 – 45 Development advance notes Approx. $110 Free cash flow conversion rate 55% - 60% Year-over-Year Growth Global RevPAR (e) (1.5%) - 0.5% Number of rooms (f) 4.0% - 4.5% (a)     Includes the effects of the deferral of $12 million of royalties and franchise fees from Revo and the inclusion of $15 million of previously disclosed one-time variable cost reductions made in 2025; excluding which comparable basis growth rates would be 5% - 7%. (b)     Excludes amortization of acquisition-related intangible assets of approximately $26 million. (c)     Outlook assumes an effective tax rate of approximately 25%. (d)     Excludes the impact of any share repurchases after December 31, 2025. (e)     Represents constant currency basis; on a reported basis, which includes foreign currency impacts, would be (1.5%) - 0.5%. (f) Excludes any potential room termination impact associated with Revo's ongoing insolvency. To assist with modeling, each 1% change in RevPAR equates to an approximate $10 million impact to fee-related and other revenues and $4 million to adjusted EBITDA. If a s