TNL Research | Milton Maxwell

TNL

Travel + Leisure Co.

70.78

+0.00+0%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

4.60B

P/E (TTM)

11.72

Basic EPS (TTM)

6.04

Dividend Yield

0.03%

Recent Filings

8-K

12/10/25Dec 10, 2025

8-K

11/12/25Nov 12, 2025

8-K

Q3 beats drive raised guidance

10/22/25Oct 22, 2025

Travel + Leisure Co. reported third-quarter 2025 net income of $111 million on $1.04 billion revenue, up 5% year-over-year, with Vacation Ownership revenue surging 6% to $876 million on 13% higher gross VOI sales and 10% VPG growth to $3,304. Adjusted EBITDA hit $266 million, exceeding guidance, while the company returned $106 million to shareholders via dividends and repurchases. It raised full-year Adjusted EBITDA outlook to $965-$985 million. Strong demand persists, yet Travel and Membership EBITDA dipped 6%.

10-Q

Q3 FY2025 results

10/22/25Oct 22, 2025

Travel + Leisure Co. posted solid Q3 results, with net revenues climbing 5.1% y/y to $1.044B, fueled by Vacation Ownership's 9.7% VPG surge from owner upgrades and 2.3% more tours, though Travel and Membership edged up just 0.6% amid exchange softness. Operating income rose 13.2% y/y to $214M, with margins expanding to 20.5% on tighter costs, while diluted EPS from continuing ops hit $1.67, up 20.1% y/y, reconciling neatly to 66.1M shares. Cash swelled to $240M, FCF (derived) at $431M after $85M capex, and debt held steady at $3.554B with $815M revolver room and no covenant breaches. The Accor Vacation Club buy in March 2024 added $50M cash for Asia Pacific growth, recognizing $23M intangibles over 20 years. Yet competition in leisure travel could squeeze margins if demand cools.

8-K

New investor materials posted

8/25/25Aug 25, 2025

Travel + Leisure Co. released updated investor presentation materials on its website on August 25, 2025, under Regulation FD to ensure fair disclosure. These materials will support ongoing discussions with investors and marketing efforts. No specific financial details or strategic updates were included in the filing. Investors should check the IR site regularly for potential material info.

About

Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as offers consumer financing in connection with the sale of VOIs; and property management services at resorts. The Travel and Membership segment operates various travel businesses, including three vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment also offers private-label travel booking technology solutions. Travel + Leisure Co. has a strategic alliance with Hornblower Group, Inc. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.

CEO

Mr. Michael D. Brown

IPO

7/19/2006

Website

https://www.travelandleisureco.com

Employees

19,000

Sector

Consumer Cyclical

Industry

Travel Services