Travel + Leisure (TNL)
Operates vacation clubs, exchange networks and travel memberships through a multi-brand portfolio.
$62.37
vs last close−0.67 (−1.06%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 986 | 936 | 916 | 985 | 993 | 971 | 934 | 1,018 | 1,044 | 1,026 | 961 | 1,063 |
| Cost of revenue | 500 | 466 | 505 | 496 | 496 | 475 | 502 | 512 | 468 | 878 | 441 | 457 |
| Gross profit | 486 | 470 | 411 | 489 | 497 | 496 | 432 | 506 | 576 | 148 | 520 | 606 |
| 279 | 279 | 261 | 300 | 308 | 290 | 276 | 300 | 362 | 109 | 361 | 396 | |
| 249 | 235 | 233 | 272 | 263 | 258 | 246 | 268 | 284 | 286 | 263 | 302 | |
| Selling & marketing | 141 | 128 | 121 | 144 | 152 | 133 | 124 | 152 | 162 | 147 | 142 | 172 |
| General & administrative | 108 | 107 | 112 | 128 | 111 | 125 | 122 | 116 | 122 | 139 | 121 | 130 |
| Other expenses | 30 | 44 | 28 | 28 | 45 | 32 | 30 | 32 | 78 | −177 | 98 | 94 |
| Operating income | 207 | 191 | 150 | 189 | 189 | 206 | 156 | 206 | 214 | 39 | 159 | 210 |
| −59 | −64 | −58 | −56 | −59 | −49 | −55 | −54 | −56 | −112 | −51 | −55 | |
| Interest income | 3 | 4 | 4 | 3 | 3 | 2 | 1 | 2 | 3 | 457 | 2 | 2 |
| Interest expense | 64 | 68 | 64 | 63 | 63 | 60 | 57 | 57 | 60 | 193 | 56 | 59 |
| Other non-operating income | −5 | −4 | −6 | −7 | −4 | −11 | −2 | −3 | −4 | 55 | −5 | 2 |
| Income before tax | 148 | 127 | 92 | 133 | 130 | 157 | 101 | 152 | 158 | −73 | 108 | 155 |
| Income tax expense | 38 | −2 | 26 | 36 | 33 | 39 | 28 | 44 | 47 | −12 | 29 | 46 |
| Net income from continuing operations | 110 | 129 | 66 | 97 | 97 | 118 | 73 | 108 | 111 | −61 | 79 | 109 |
| Discontinued operations | 0 | 0 | 0 | 32 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other adjustments | 11 | 1 | 1 | 0 | 1 | 1 | 0 | −1 | 0 | 0 | 0 | 0 |
| Net income | 110 | 129 | 66 | 129 | 97 | 119 | 73 | 108 | 111 | −61 | 79 | 109 |
| EPS, basic | $1.50 | $1.79 | $0.92 | $1.37 | $1.39 | $1.73 | $1.09 | $1.63 | $1.68 | −$0.95 | $1.25 | $1.75 |
| EPS, diluted | $1.49 | $1.77 | $0.92 | $1.37 | $1.39 | $1.71 | $1.07 | $1.62 | $1.67 | −$0.95 | $1.22 | $1.72 |
| Weighted average shares, basic | 73 | 72 | 72 | 71 | 70 | 68 | 67 | 66 | 66 | 64 | 63 | 62 |
| Weighted average shares, diluted | 74 | 73 | 72 | 71 | 70 | 69 | 68 | 67 | 67 | 64 | 65 | 63 |
| EBITDA | 240 | 224 | 184 | 224 | 223 | 246 | 188 | 240 | 249 | 16 | 196 | 240 |
| Depreciation & amortization | 28 | 29 | 28 | 28 | 30 | 29 | 30 | 31 | 31 | 32 | 32 | 32 |
| EBIT | 212 | 195 | 156 | 196 | 193 | 217 | 158 | 209 | 218 | −16 | 164 | 208 |
