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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,413	3,328	3,231	3,095	2,678	1,644
Other Revenue	554	536	519	472	456	516
Revenue	3,967	3,864	3,750	3,567	3,134	2,160
Revenue Growth (YoY)	3.60%	3.04%	5.13%	13.82%	45.09%	-46.56%
Cost of Revenue	1,868	1,836	1,817	1,760	1,483	1,127
Gross Profit	1,963	1,892	1,821	1,728	1,570	932
Selling, General & Admin	1,055	1,025	961	930	797	727
Operating Expenses	1,176	1,140	1,073	1,049	921	853
Operating Income	787	752	748	679	649	79
Interest Expense	-235	-249	-251	-195	-198	-192
Interest & Investment Income	8	14	13	6	3	7
Other Non Operating Income (Expenses)	5	8	3	12	6	14
EBT Excluding Unusual Items	565	525	513	502	460	-92
Merger & Restructuring Charges	-2	-16	-26	-14	1	-68
Gain (Loss) on Sale of Investments	-	-	-	-	6	-6
Gain (Loss) on Sale of Assets	-	-	-2	-9	-	-
Asset Writedown	-3	-3	-	-1	-1	-65
Other Unusual Items	7	7	-	8	-37	-45
Pretax Income	567	513	485	486	429	-276
Income Tax Expense	158	135	94	130	116	-23
Earnings From Continuing Operations	409	378	391	356	313	-253
Earnings From Discontinued Operations	1	33	5	1	-5	-2
Net Income to Company	410	411	396	357	308	-255
Net Income	410	411	396	357	308	-255
Net Income to Common	410	411	396	357	308	-255
Net Income Growth	-2.61%	3.79%	10.92%	15.91%	-	-
Shares Outstanding (Basic)	67	70	75	83	87	86
Shares Outstanding (Diluted)	68	71	75	84	87	86
Shares Change (YoY)	-5.39%	-5.73%	-10.93%	-3.55%	1.39%	-6.82%
EPS (Basic)	6.15	5.86	5.32	4.28	3.56	-2.96
EPS (Diluted)	6.07	5.82	5.28	4.24	3.52	-2.97
EPS Growth	3.11%	10.24%	24.39%	20.41%	-	-
Free Cash Flow	506	383	276	390	511	305
Free Cash Flow Per Share	7.48	5.42	3.68	4.63	5.85	3.54
Dividend Per Share	2.180	2.000	1.800	1.600	1.250	1.600
Dividend Growth	11.79%	11.11%	12.50%	28.00%	-21.88%	-11.11%
Gross Margin	49.48%	48.96%	48.56%	48.44%	50.10%	43.15%
Operating Margin	19.84%	19.46%	19.95%	19.04%	20.71%	3.66%
Profit Margin	10.33%	10.64%	10.56%	10.01%	9.83%	-11.81%
Free Cash Flow Margin	12.75%	9.91%	7.36%	10.93%	16.30%	14.12%
EBITDA	908	867	860	798	773	205
EBITDA Margin	22.89%	22.44%	22.93%	22.37%	24.66%	9.49%
D&A For EBITDA	121	115	112	119	124	126
EBIT	787	752	748	679	649	79
EBIT Margin	19.84%	19.46%	19.95%	19.04%	20.71%	3.66%
Effective Tax Rate	27.87%	26.32%	19.38%	26.75%	27.04%	-
Revenue as Reported	3,967	3,864	3,750	3,567	3,134	2,160
Advertising Expenses	-	26	30	30	33	26

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q