Travel & Leisure Co.TNLEarnings & Financial Report
Travel + Leisure Co. is an American timeshare company headquartered in Orlando, Florida. It develops, sells, and manages timeshare properties under several vacation ownership clubs, including Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Accor Vacation Club. The company provides timeshare exchange services, primarily through RCI, and travel clubs including Travel + Leisure GO.
Revenue
$985.0M
Gross Profit
$964.0M
Operating Profit
$189.0M
Net Profit
$129.0M
Gross Margin
97.9%
Operating Margin
19.2%
Net Margin
13.1%
YoY Growth
3.8%
EPS
$1.81
Financial Flow
Travel & Leisure Co. Q2 2024 Financial Summary
Travel & Leisure Co. reported revenue of $985.0M (up 3.8% YoY) for Q2 2024, with a net profit of $129.0M (up 37.2% YoY) (13.1% margin). Cost of goods sold was $21.0M, operating expenses totaled $775.0M.
Key Financial Metrics
| Total Revenue | $985.0M |
|---|---|
| Net Profit | $129.0M |
| Gross Margin | 97.9% |
| Operating Margin | 19.2% |
| Report Period | Q2 2024 |
Revenue Breakdown
Travel & Leisure Co. Q2 2024 revenue of $985.0M breaks down across 9 segments, led by Serviceand Membership Fees at $413.0M (41.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Serviceand Membership Fees | $413.0M | 41.9% |
| Other | $160.0M | 16.2% |
| Management Fee Revenue | $113.0M | 11.5% |
| Consumer Financing | $111.0M | 11.3% |
| Reimbursement Revenue | $97.0M | 9.8% |
| Subscription Revenue | $44.0M | 4.5% |
| Other Revenue | $20.0M | 2.0% |
| Ancillary Revenues | $18.0M | 1.8% |
| Other Exchange Related Revenue | $9.0M | 0.9% |
Travel & Leisure Co. Revenue by Segment — Quarterly Trend
Travel & Leisure Co. revenue by segment across the last 4 reported quarters, showing how each business line (such as Serviceand Membership Fees and Other) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Other | $452.0M | — | — | $592.0M |
| Management Fee Revenue | — | $112.0M | — | — |
| Consumer Financing | — | — | — | $112.0M |
| Reimbursement Revenue | — | $109.0M | — | $103.0M |
Travel & Leisure Co. Annual Revenue by Year
Travel & Leisure Co. annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.0B |
| 2024 | $3.9B |
| 2023 | $3.8B |
| 2022 | $3.6B |
Travel & Leisure Co. Quarterly Revenue & Net Profit History
Travel & Leisure Co. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $961.0M | +2.9% | $79.0M | 8.2% |
| Q4 2025 | $1.0B | +5.7% | $-62.0M | -6.0% |
| Q3 2025 | $1.0B | +5.1% | $111.0M | 10.6% |
| Q2 2025 | $1.0B | +3.4% | $108.0M | 10.6% |
| Q1 2025 | $934.0M | +2.0% | $73.0M | 7.8% |
| Q4 2024 | $970.0M | +3.6% | $119.0M | 12.3% |
| Q3 2024 | $993.0M | +0.7% | $97.0M | 9.8% |
| Q2 2024 | $985.0M | +3.8% | $129.0M | 13.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $985.0M | $993.0M | $970.0M | $934.0M | $1.02B | $1.04B | $1.02B | $961.0M |
| YoY Growth | 3.8% | 0.7% | 3.6% | 2.0% | 3.4% | 5.1% | 5.7% | 2.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $6.69B | $6.70B | $6.74B | $6.76B | $6.81B | $6.89B | $6.76B | $6.84B |
| Liabilities | $7.58B | $7.56B | $7.62B | $7.67B | $7.66B | $7.71B | $7.74B | $7.86B |
| Equity | $-885.0M | $-862.0M | $-881.0M | $-903.0M | $-852.0M | $-821.0M | $-981.0M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $174.0M | $145.0M | $98.0M | $121.0M | $232.0M | $163.0M | $124.0M | $38.0M |