TNL
Travel + Leisure Co
NYSE: TNL · CONSUMER CYCLICAL · TRAVEL SERVICES
$63.15
-2.26% today
Updated 2026-04-29
Market cap
$3.94B
P/E ratio
17.59
P/S ratio
0.97x
EPS (TTM)
$3.59
Dividend yield
3.53%
52W range
$44 – $80
Volume
0.8M
Travel + Leisure Co (TNL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.84B | $4.36B | $4.28B | $3.75B | $3.85B | $4.25B | $4.53B | $5.01B | $5.28B | $5.54B | $5.60B | $5.08B | $3.93B | $4.04B | $2.16B | $3.13B | $3.57B | $3.75B | $3.86B | $4.02B |
| Revenue growth (YoY) | — | +13.5% | -1.8% | -12.4% | +2.7% | +10.5% | +6.6% | +10.5% | +5.4% | +4.8% | +1.1% | -9.3% | -22.6% | +2.8% | -46.6% | +45.1% | +13.8% | +5.1% | +3.0% | +4.1% |
| Cost of revenue | $1.79B | $2.12B | $2.03B | $1.82B | $1.88B | $2.02B | $2.09B | $2.39B | $2.50B | $2.33B | $1.83B | $1.86B | $1.91B | $1.94B | $1.23B | $1.56B | $1.84B | $1.93B | $1.97B | $2.93B |
| Gross profit | $2.05B | $2.24B | $2.25B | $1.93B | $1.98B | $2.23B | $2.44B | $2.62B | $2.78B | $2.54B | $1.86B | $1.95B | $2.02B | $2.10B | $932.00M | $1.57B | $1.73B | $1.82B | $1.89B | $1.09B |
| Gross margin | 53.4% | 51.4% | 52.6% | 51.4% | 51.3% | 52.4% | 53.8% | 52.2% | 52.6% | 45.9% | 33.3% | 38.3% | 51.3% | 52.0% | 43.1% | 50.1% | 48.4% | 48.6% | 49.0% | 27.2% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $493.00M | $519.00M | $561.00M | $533.00M | $540.00M | $593.00M | $666.00M | $720.00M | $755.00M | $761.00M | $714.00M | $648.00M | $513.00M | $491.00M | $398.00M | $434.00M | $479.00M | $454.00M | $475.00M | $498.00M |
| Operating income | $577.00M | $710.00M | $-830.00M | $594.00M | $718.00M | $767.00M | $852.00M | $910.00M | $941.00M | $935.00M | $658.00M | $439.00M | $523.00M | $812.00M | $-105.00M | $618.00M | $653.00M | $720.00M | $733.00M | $717.00M |
| Operating margin | 15.0% | 16.3% | -19.4% | 15.8% | 18.6% | 18.0% | 18.8% | 18.2% | 17.8% | 16.9% | 11.8% | 8.6% | 13.3% | 20.1% | -4.9% | 19.7% | 18.3% | 19.2% | 19.0% | 17.8% |
| EBITDA | $725.00M | $894.00M | $-623.00M | $785.00M | $873.00M | $968.00M | $945.00M | $1.03B | $1.19B | $1.15B | $802.00M | $609.00M | $704.00M | $963.00M | $42.00M | $751.00M | $800.00M | $848.00M | $877.00M | $828.00M |
| EBITDA margin | 18.9% | 20.5% | -14.6% | 20.9% | 22.7% | 22.8% | 20.8% | 20.6% | 22.6% | 20.7% | 14.3% | 12.0% | 17.9% | 23.8% | 1.9% | 24.0% | 22.4% | 22.6% | 22.7% | 20.6% |
| EBIT | $577.00M | $728.00M | $-807.00M | $607.00M | $700.00M | $790.00M | $760.00M | $814.00M | $958.00M | $959.00M | $675.00M | $473.00M | $566.00M | $842.00M | $-84.00M | $627.00M | $681.00M | $736.00M | $762.00M | $704.00M |
| Interest expense | $67.00M | $73.00M | $80.00M | $114.00M | $167.00M | $152.00M | $132.00M | $131.00M | $113.00M | $122.00M | $133.00M | $156.00M | $170.00M | $162.00M | $192.00M | $198.00M | $195.00M | $251.00M | $249.00M | $367.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $287.00M | $403.00M | $-1.07B | $293.00M | $379.00M | $417.00M | $400.00M | $432.00M | $529.00M | $612.00M | $611.00M | $854.00M | $672.00M | $507.00M | $-253.00M | $308.00M | $357.00M | $396.00M | $411.00M | $230.00M |
| Net income growth (YoY) | — | +40.4% | -366.5% | +127.3% | +29.4% | +10.0% | -4.1% | +8.0% | +22.5% | +15.7% | -0.2% | +39.8% | -21.3% | -24.6% | -149.9% | +221.7% | +15.9% | +10.9% | +3.8% | -44.0% |
| Profit margin | 7.5% | 9.2% | -25.1% | 7.8% | 9.8% | 9.8% | 8.8% | 8.6% | 10.0% | 11.1% | 10.9% | 16.8% | 17.1% | 12.5% | -11.7% | 9.8% | 10.0% | 10.6% | 10.6% | 5.7% |