Travel + Leisure Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,462	3,328	3,231	3,095	2,678
Other Revenue	559	536	519	472	456
Revenue	4,021	3,864	3,750	3,567	3,134
Revenue Growth (YoY)	4.06%	3.04%	5.13%	13.82%	45.09%
Cost of Revenue	1,876	1,836	1,817	1,760	1,483
Gross Profit	2,010	1,892	1,821	1,728	1,570
Selling, General & Admin	1,083	1,025	961	930	797
Operating Expenses	1,207	1,140	1,073	1,049	921
Operating Income	803	752	748	679	649
Interest Expense	-232	-249	-251	-195	-198
Interest & Investment Income	9	14	13	6	3
Other Non Operating Income (Expenses)	3	8	3	12	6
EBT Excluding Unusual Items	583	525	513	502	460
Merger & Restructuring Charges	-248	-16	-26	-14	1
Gain (Loss) on Sale of Investments	-	-	-	-	6
Gain (Loss) on Sale of Assets	4	-	-2	-9	-
Asset Writedown	-2	-3	-	-1	-1
Other Unusual Items	-	7	-	8	-37
Pretax Income	337	513	485	486	429
Income Tax Expense	107	135	94	130	116
Earnings From Continuing Operations	230	378	391	356	313
Earnings From Discontinued Operations	-	33	5	1	-5
Net Income to Company	230	411	396	357	308
Net Income	230	411	396	357	308
Net Income to Common	230	411	396	357	308
Net Income Growth	-44.04%	3.79%	10.92%	15.91%	-
Shares Outstanding (Basic)	66	70	75	83	87
Shares Outstanding (Diluted)	67	71	75	84	87
Shares Change (YoY)	-5.38%	-5.73%	-10.93%	-3.55%	1.39%
EPS (Basic)	3.51	5.86	5.32	4.28	3.56
EPS (Diluted)	3.44	5.82	5.28	4.24	3.52
EPS Growth	-40.86%	10.24%	24.39%	20.41%	-
Free Cash Flow	523	383	276	390	511
Free Cash Flow Per Share	7.82	5.42	3.68	4.63	5.85
Dividend Per Share	2.240	2.000	1.800	1.600	1.250
Dividend Growth	12.00%	11.11%	12.50%	28.00%	-21.88%
Gross Margin	49.99%	48.96%	48.56%	48.44%	50.10%
Operating Margin	19.97%	19.46%	19.95%	19.04%	20.71%
Profit Margin	5.72%	10.64%	10.56%	10.01%	9.83%
Free Cash Flow Margin	13.01%	9.91%	7.36%	10.93%	16.30%
EBITDA	927	867	860	798	773
EBITDA Margin	23.05%	22.44%	22.93%	22.37%	24.66%
D&A For EBITDA	124	115	112	119	124
EBIT	803	752	748	679	649
EBIT Margin	19.97%	19.46%	19.95%	19.04%	20.71%
Effective Tax Rate	31.75%	26.32%	19.38%	26.75%	27.04%
Revenue as Reported	4,021	3,864	3,750	3,567	3,134
Advertising Expenses	35	26	30	30	33

Source: S&P Global Market Intelligence. Standard template. Financial Sources.