Travel + Leisure Co. Reports Third Quarter 2026 Results
Travel + Leisure Co. reported Q3 2026 revenue of $1.10 billion, up 5% year-over-year, with net income of $108 million and diluted EPS of $1.73. Adjusted diluted EPS rose 23% to $2.21 on 6% adjusted EBITDA growth, driven by 9% Vacation Ownership revenue growth and 10% net VOI sales growth; Travel and Membership revenue declined 11% on lower exchange transaction volume. Management raised the midpoint of full-year Adjusted EBITDA guidance to $1.070-$1.085 billion and has returned $364 million to shareholders year-to-date while funding roughly $350 million of acquisitions (Yes& Vacations and Spinnaker Resorts).
Key figures
- Eps
- 1.73
- Revenue
- 1101000000
- Guidance
- FY2026 Adjusted EBITDA of $1.070 billion to $1.085 billion (midpoint raised); Gross VOI sales of $2.625-$2.675 billion; VPG of $3,325-$3,375
- Revenue Yoy
- 5%
- Net income
- 108000000
- Adjusted eps
- 2.21
- Ytd dividends
- 114000000
- Corporate debt
- 4000000000
- Leverage ratio
- 3.3x
- Securitization
- $300 million term securitization at 6.18% weighted average coupon, 98% advance rate
- Adjusted ebitda
- 283000000
- Gross voi sales
- 720000000
- Adjusted eps yoy
- 23%
- Adjusted ebitda yoy
- 6%
- Gross voi sales yoy
- 6%
- Acquisitions invested
- $350 million in two strategic acquisitions
- Ytd share repurchases
- 250000000
- Adjusted fcf nine months
- 254000000
- Travel membership revenue
- 150000000
- Vacation ownership revenue
- 953000000
- Travel membership revenue yoy
- -11%
- Nine month operating cash flow
- 388000000
- Vacation ownership revenue yoy
- 9%
AI analysis
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