Choice Hotels International Inc income statement
In fiscal 2025, Choice Hotels International Inc reported revenue of $1.60bn, up 0.8% on the year before, operating income of $448m (a 28.1% margin) and net income of $370m, or $7.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 564 | 596 | 641 | 693 | 725 | 758 | 860 | 808 | 941 | 1,041 | 1,115 | 774 | 1,069 | 1,402 | 1,544 | 1,585 | 1,597 | 1,630 |
| Selling, general and administrative | 99 | 95 | 106 | 102 | 112 | 121 | 134 | 155 | 166 | 170 | 169 | 149 | 146 | 168 | 313 | 312 | 329 | 341 |
| Operating income | 148 | 161 | 173 | 193 | 196 | 215 | 225 | 187 | 290 | 318 | 319 | 122 | 429 | 479 | 375 | 464 | 448 | 372 |
| Interest expense | 4 | 7 | 13 | 27 | 43 | 41 | 43 | 44 | 45 | 46 | 47 | 49 | 47 | 44 | 64 | 87 | 91 | 97 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | 0 | 8 | 1 | −1 | 1 | −1 | 1 | 1 |
| Income before tax | 151 | 158 | 159 | 170 | 159 | 174 | 184 | 148 | 249 | 273 | 270 | 53 | 376 | 437 | 337 | 396 | 457 | 269 |
| Income tax | 52 | 51 | 48 | 48 | 45 | 52 | 56 | 41 | 127 | 57 | 47 | −22 | 88 | 105 | 78 | 96 | 87 | 63 |
| Net income | 98 | 107 | 111 | 122 | 114 | 123 | 128 | 107 | 122 | 216 | 223 | 75 | 289 | 332 | 259 | 300 | 370 | 206 |
| Diluted EPS | $1.63 | $1.80 | $1.87 | $2.09 | $1.93 | $2.10 | $2.22 | $2.46 | — | — | $3.98 | $1.35 | $5.15 | $5.99 | $5.07 | $6.20 | $7.90 | $4.52 |
| Diluted shares (average) | 60m | 59m | 59m | 58m | 58m | 58m | 57m | 56m | 57m | 57m | 56m | 56m | 56m | 55m | 51m | 48m | 47m | 46m |
| EBITDA | 156 | 169 | 181 | 201 | 205 | 224 | 237 | 194 | 296 | 333 | 337 | 147 | 454 | 509 | 420 | 516 | 508 | 439 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 390 | 333 | 426 | 447 | 390 | 341 | 441 | 458 |
| Selling, general and administrative | 82 | 74 | 89 | 80 | 86 | 78 | 96 | 81 |
| Operating income | 119 | 80 | 125 | 142 | 101 | 60 | 104 | 106 |
| Interest expense | 21 | 21 | 23 | 23 | 24 | 24 | 24 | 26 |
| Provision for credit losses | −2 | 0 | −0 | 0 | 1 | −0 | 0 | 0 |
| Income before tax | 102 | 60 | 109 | 211 | 78 | 30 | 86 | 75 |
| Income tax | 26 | 15 | 27 | 31 | 14 | 10 | 22 | 17 |
| Net income | 76 | 45 | 82 | 180 | 64 | 20 | 64 | 58 |
| Diluted EPS | $1.59 | $0.94 | $1.75 | $3.86 | $1.38 | $0.44 | $1.41 | $1.28 |
| EBITDA | 133 | 94 | 138 | 158 | 118 | 77 | 121 | 123 |
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