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 significant pullback in demand were to materialize beyond the Company's current assumptions, actual results could fall below these estimates. In determining adjusted EBITDA, interest expense, net, adjusted income before income taxes, adjusted net income, adjusted diluted EPS and free cas