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Companies / Consumer Discretionary / Travel & Leisure Co.
TNL

Travel & Leisure Co.

Ticker TNLORLANDO, FLFiscal year ends DecemberBook value per share $-15.86Diluted shares 63.5M

Travel + Leisure Co. (NYSE: TNL) provides vacation ownership, vacation exchange and travel club experiences to owners, members and subscribers. Its Vacation Ownership segment develops and acquires resorts, sells vacation ownership interests, offers consumer financing and manages properties for owners’ associations.… From the company’s description.

Over the twelve months to Sep 30, 2026, Travel & Leisure Co. reported revenue of $4.15B, up 4.6% from a year earlier, and net income of $235.00M. Its operating margin was 13.0%, and operations generated $512.00M in cash. In fiscal 2025, it reported revenue of $4.02B, up 4.1% from fiscal 2024, and net income of $230.00M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.02BFY2025
+4.1% year over year
Last 12 mo $4.15B
13.75%FY2025
−5.2 percentage points
Last 12 mo 13.04%
$230.00MFY2025
−44.0% year over year
Last 12 mo $235.00M
-25.46%FY2025
+22.8 percentage points
Last 12 mo -25.91%
Cash & financing
$640.00MFY2025
+37.9% year over year
Last 12 mo $512.00M
$523.00MFY2025
+36.6% year over year
Last 12 mo $417.00M
-3.54FY2025
Was -3.94× a year earlier
Last 12 mo -4.01
66.9MFY2025
−5.4% year over year
Last 12 mo 63.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Travel & Leisure Co. does

In the company’s own words

Travel + Leisure Co. (NYSE: TNL) provides vacation ownership, vacation exchange and travel club experiences to owners, members and subscribers. Its Vacation Ownership segment develops and acquires resorts, sells vacation ownership interests, offers consumer financing and manages properties for owners’ associations. Its brands include Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Eddie Bauer Adventure Club and Accor Vacation Club. As of December 31, 2025, the segment includes more than 280 resorts and 797,000 owner families. Travel and Membership combines the Exchange and Travel Club businesses: RCI connects members with affiliated vacation resorts and provides exchange and other travel services, while travel clubs offer tailored products to closed user groups and private-label solutions to business partners. RCI has 3.3 million paid member families and relationships with 3,600 resorts in 101 countries and territories. In 2025, 46% of revenue came from vacation ownership sales, 40% from fee-for-service streams and 11% from consumer financing. The company acquired the Travel + Leisure brand in 2021 and adopted its current name that year. Its website is http://www.travelandleisureco.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
ORLANDO, FL
Fiscal year end
December
CIK
1361658
SIC
7011

Financial performance, year by year

Fiscal 2011–2025 · USD
$-834.10M$903.20M$2.64B$4.38B$6.12B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Travel & Leisure Co. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

391
funds hold it
0 of 35
superinvestors hold it
$1.84B
held by funds, at market
42.1%
of shares held by funds

Largest fund holders · Travel & Leisure Co.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.21%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.10%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Travel & Leisure Co. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Travel & Leisure Co.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Travel & Leisure Co.'s last four quarterly filings that the numbers alone won't show?”
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