# Travel & Leisure Co.: overview

TNL · NYSE · CIK 1361658 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/tnl.md) · [Financials](/companies/tnl/financials.md) · [Filings](/companies/tnl/filings.md) · [Insiders](/companies/tnl/insiders.md)

Latest reported revenue: [$1.06bn](/filings/0001361658-26-000053.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 22, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001361658-26-000053).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [993](/filings/0001361658-25-000315.md) | [971 d](/filings/0001361658-26-000009.md) | [934](/filings/0001361658-26-000027.md) | [1,018](/filings/0001361658-26-000053.md) | [1,044](/filings/0001361658-25-000315.md) | [1,025 d](/filings/0001361658-26-000009.md) | [961](/filings/0001361658-26-000027.md) | [1,063](/filings/0001361658-26-000053.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.0%](/filings/0001361658-25-000315.md) | [21.2% d](/filings/0001361658-26-000009.md) | [16.7%](/filings/0001361658-26-000027.md) | [20.2%](/filings/0001361658-26-000053.md) | [20.5%](/filings/0001361658-25-000315.md) | [(2.2%) d](/filings/0001361658-26-000009.md) | [16.5%](/filings/0001361658-26-000027.md) | [19.8%](/filings/0001361658-26-000053.md) |
| Net margin | % | [9.8%](/filings/0001361658-25-000315.md) | [12.3% d](/filings/0001361658-26-000009.md) | [7.8%](/filings/0001361658-26-000027.md) | [10.6%](/filings/0001361658-26-000053.md) | [10.6%](/filings/0001361658-25-000315.md) | [(6.0%) d](/filings/0001361658-26-000009.md) | [8.2%](/filings/0001361658-26-000027.md) | [10.3%](/filings/0001361658-26-000053.md) |
| Diluted EPS | $ per share | [1.39](/filings/0001361658-25-000315.md) | not reported | [1.07](/filings/0001361658-26-000027.md) | [1.62](/filings/0001361658-26-000053.md) | [1.67](/filings/0001361658-25-000315.md) | not reported | [1.22](/filings/0001361658-26-000027.md) | [1.72](/filings/0001361658-26-000053.md) |
| Free cash flow | $m | [125 d](/filings/0001361658-25-000315.md) | [75.0 d](/filings/0001361658-26-000009.md) | [100](/filings/0001361658-26-000027.md) | [195 d](/filings/0001361658-26-000053.md) | [136 d](/filings/0001361658-25-000315.md) | [92.0 d](/filings/0001361658-26-000009.md) | [19.0](/filings/0001361658-26-000027.md) | [195 d](/filings/0001361658-26-000053.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,134](/filings/0001361658-24-000007.md) | [3,567](/filings/0001361658-25-000012.md) | [3,750](/filings/0001361658-26-000009.md) | [3,864](/filings/0001361658-26-000009.md) | [4,021](/filings/0001361658-26-000009.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.7%](/filings/0001361658-24-000007.md) | [18.3%](/filings/0001361658-25-000012.md) | [19.2%](/filings/0001361658-26-000009.md) | [19.0%](/filings/0001361658-26-000009.md) | [13.8%](/filings/0001361658-26-000009.md) |
| Net margin | % | [9.8%](/filings/0001361658-24-000007.md) | [10.0%](/filings/0001361658-25-000012.md) | [10.6%](/filings/0001361658-26-000009.md) | [10.6%](/filings/0001361658-26-000009.md) | [5.7%](/filings/0001361658-26-000009.md) |
| Diluted EPS | $ per share | [3.52](/filings/0001361658-24-000007.md) | [4.24](/filings/0001361658-25-000012.md) | [5.28](/filings/0001361658-26-000009.md) | [5.82](/filings/0001361658-26-000009.md) | [3.44](/filings/0001361658-26-000009.md) |
| Free cash flow | $m | [511](/filings/0001361658-24-000007.md) | [390](/filings/0001361658-25-000012.md) | [276](/filings/0001361658-26-000009.md) | [383](/filings/0001361658-26-000009.md) | [523](/filings/0001361658-26-000009.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/tnl/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $544.0m | 7,117,065 |  | Reduced −30,672 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $463.4m | 6,062,734 |  | Added +56,718 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $206.5m | 2,702,459 |  | Added +3,950 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $188.6m | 2,467,886 |  | Added +108,620 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $164.9m | 2,157,772 |  | Added +7,641 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $128.0m | 1,674,667 |  | Added +36,504 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $116.6m | 1,525,786 |  | Added +472,710 |
| [Quantinno Capital Management LP](/funds/1759654.md) | 2026-06-30 | $107.6m | 1,407,293 |  | Added +101,778 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $103.8m | 1,358,752 |  | Added +383,127 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $103.0m | 1,347,554 |  | Added +1,104,638 |

## Recent filings

[All 2,063 filings](/companies/tnl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 06:31 ET | [8-K](/filings/0001361658-26-000063.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001361658-26-000063 |
| 2026-08-19 | 16:32 ET | [8-K](/filings/0001361658-26-000057.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001361658-26-000057 |
| 2026-07-22 | 11:22 ET | [10-Q](/filings/0001361658-26-000053.md) | Quarterly report, period 2026-06-30 | 0001361658-26-000053 |
| 2026-07-22 | 06:32 ET | [8-K](/filings/0001361658-26-000050.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001361658-26-000050 |
| 2026-05-22 | 12:13 ET | [8-K](/filings/0001361658-26-000038.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001361658-26-000038 |
| 2026-05-20 | 16:34 ET | [8-K](/filings/0001361658-26-000035.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 8.01 Other events; 9.01 Financial statements and exhibits | 0001361658-26-000035 |
| 2026-05-11 | 17:11 ET | [8-K](/filings/0001361658-26-000032.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001361658-26-000032 |
| 2026-04-22 | 10:09 ET | [10-Q](/filings/0001361658-26-000027.md) | Quarterly report, period 2026-03-31 | 0001361658-26-000027 |
| 2026-04-22 | 06:31 ET | [8-K](/filings/0001361658-26-000024.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001361658-26-000024 |
| 2026-04-10 | 15:50 ET | [DEF 14A](/filings/0001361658-26-000019.md) | Proxy statement, period 2025-12-31 | 0001361658-26-000019 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001361658-26-000009.md), filed Feb 18, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/4969cd03-b820-4371-bd8e-cfd0e05c4bf2)

## About the filer

- CIK: 1361658
- Tickers: TNL
- Exchange: NYSE
- SIC code: 7011 Hotels & Motels
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 10:40 ET. No prices; not investment advice.