Travel + Leisure Co. (TNL)

Travel + Leisure Co. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,916	3,864	3,750	3,567	3,134	2,160
Revenue Growth (YoY)	2.43%	3.04%	5.13%	13.82%	45.09%	-46.57%
Cost of Revenue	81	92	133	157	157	2
Gross Profit	3,835	3,772	3,617	3,410	2,977	2,158
Selling, General & Admin	1,035	1,025	961	930	797	727
Depreciation & Amortization Expenses	119	115	112	119	124	126
Other Operating Expenses	1,904	1,899	1,822	1,708	79	1,410
Total Operating Expenses	3,058	3,039	2,895	2,757	1,000	2,263
Operating Income	757	733	720	653	618	-105
Interest Income	8	14	13	6	3	7
Interest Expense	-237	-249	-251	-195	-198	-192
Other Non-Operating Income (Expense)	12	15	1	22	6	14
Total Non-Operating Income (Expense)	-217	-220	-237	-167	-189	-171
Pretax Income	540	513	485	486	429	-276
Provision for Income Taxes	144	135	94	130	116	-23
Net Income	397	411	396	357	308	-255
Earnings From Discontinued Operations	-	33	5	1	-5	-2
Net Income to Common	397	411	396	357	308	-255
Net Income Growth	-8.53%	3.79%	10.92%	15.91%	-	-
Shares Outstanding (Basic)	68	70	75	83	87	86
Shares Outstanding (Diluted)	69	71	75	84	87	86
Shares Change (YoY)	-5.11%	-5.73%	-10.93%	-3.55%	1.39%	-6.82%
EPS (Basic)	5.86	5.87	5.31	4.28	3.62	-2.95
EPS (Diluted)	5.79	5.82	5.28	4.24	3.58	-2.95
EPS Growth	4.89%	10.23%	24.53%	18.44%	-	-
Free Cash Flow	495	383	276	390	511	305
Free Cash Flow Growth	29.24%	38.77%	-29.23%	-23.68%	67.54%	-11.34%
Free Cash Flow Per Share	7.21	5.42	3.68	4.63	5.85	3.54
Dividends Per Share	2.120	2.000	1.800	1.600	1.250	1.600
Dividend Growth	6.00%	11.11%	12.50%	28.00%	-21.88%	-11.11%
Gross Margin	97.93%	97.62%	96.45%	95.60%	94.99%	99.91%
Operating Margin	19.33%	18.97%	19.20%	18.31%	19.72%	-4.86%
Profit Margin	10.11%	9.78%	10.43%	9.98%	9.99%	-11.71%
FCF Margin	12.64%	9.91%	7.36%	10.93%	16.31%	14.12%
EBITDA	877	848	832	772	742	21
EBITDA Margin	22.40%	21.95%	22.19%	21.64%	23.68%	0.97%
EBIT	757	733	720	653	618	-105
EBIT Margin	19.33%	18.97%	19.20%	18.31%	19.72%	-4.86%
Effective Tax Rate	26.67%	26.32%	19.38%	26.75%	27.04%	8.33%

Updated Jul 23, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q