Travel & Leisure Co. (TNL) Form 10-Q — Oct 27, 2026
Travel + Leisure Co. reported Q3 2026 net revenues of $1,101 million, up from $1,044 million a year earlier, with Vacation Ownership revenue rising 9% to $953 million on higher tours and contributions from the Spinnaker Resorts and Yes& Vacations acquisitions completed in July and August 2026 for a combined ~$327 million. Despite revenue growth, net income attributable to shareholders slipped to $108 million from $111 million, as expenses rose $76 million on higher marketing, deal costs, and a $12 million restructuring charge. Adjusted EBITDA improved to $283 million from $266 million, with diluted EPS of $1.73 versus $1.67.
Key figures
- Eps
- 1.73
- Revenue
- 1101000000
- Net Income
- 108000000
- Total Debt
- 4041000000
- Revenue Yoy
- 5.5% (Q3, $1,101M vs $1,044M)
- Total Assets
- 7301000000
- Cash Position
- 306000000
- Shares Outstanding
- 60254685
- Vocr allowance
- $748M
- Gross voi sales q3
- $720M vs $682M (+5.5%)
- Q3 2025 net income
- 111000000
- Yesand acquisition
- $162M ($157M net of cash)
- Q3 2025 diluted eps
- 1.67
- Share repurchases 9m
- $250M
- Spinnaker acquisition
- $165M ($137M net of cash)
- Adjusted ebitda q3 2026
- $283M vs $266M prior year
- Dividend per share quarterly
- 0.6
- Provision for loan losses 9m
- $389M
- Resort optimization charges 9m
- $35M
- Remaining buyback authorization
- $671M
AI analysis
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