Travel + Leisure (NYSE:TNL) Releases Earnings Results, Meets Expectations

Travel + Leisure (NYSE:TNL) released its quarterly earnings data on Wednesday. The company reported $1.83 earnings per share for the quarter, hitting the consensus estimate of $1.83, FiscalAI reports. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.72 EPS. Travel + Leisure’s quarterly revenue was up 5.7% compared to the same quarter last year.

Here are the key takeaways from Travel + Leisure’s conference call:

• Strong 2025 financials and confident 2026 guide: 2025 revenue was $4.02B (+4%) with adjusted EBITDA of $990M (+7%), $449M returned to shareholders, and management guides 2026 adjusted EBITDA to $1.03B–$1.055B alongside a new $750M buyback authorization and a proposed dividend — signaling continued cash generation and shareholder returns.
• Vacation Ownership momentum: Gross VOI sales rose 8%, VPG finished strong (Q4 VPG ~ $3,359, +6%), tour flow accelerated, and originations show high credit quality (avg FICO >740) with management expecting a lower loan-loss provision in 2026, supporting recurring cash flow and margin expansion.
• Resort Optimization Initiative has mixed near-term impacts: Management took a $216M non‑cash write-down for removing 17 older resorts, which reduces FY2026 sales and fees (≈ $120M revenue headwind, ~$50M EBITDA drag) but is expected to deliver ~$15M–$25M net EBITDA benefit in 2026 after ~ $70M in expense savings and longer‑term portfolio improvement.
• Travel & Membership is under pressure from exchange-rate headwinds (Q4 revenue -6%, EBITDA -10%); management is cutting costs and modeling 2026 consistent with 2025, but near-term margin pressure in this segment remains a risk.

Travel + Leisure Trading Up 9.6%

NYSE TNL traded up $7.01 during midday trading on Wednesday, hitting $79.87. The company had a trading volume of 90,455 shares, compared to its average volume of 581,469. The company has a market capitalization of $5.14 billion, a PE ratio of 13.20, a P/E/G ratio of 0.63 and a beta of 1.38. The firm has a 50-day moving average price of $71.92 and a 200-day moving average price of $65.84. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $80.99.

Analyst Ratings Changes

TNL has been the subject of a number of research reports. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays set a $70.00 price objective on shares of Travel + Leisure and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 target price for the company. Citizens Jmp lifted their price target on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.25.

Insider Activity

In other news, Director George Herrera sold 559 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 62,525 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the transaction, the insider directly owned 39,604 shares of the company’s stock, valued at $2,580,992.68. This trade represents a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.75% of the stock is owned by company insiders.

Institutional Trading of Travel + Leisure

Large investors have recently bought and sold shares of the business. Danske Bank A S bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its stake in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the period. Advisory Services Network LLC bought a new position in shares of Travel + Leisure during the 3rd quarter worth approximately $112,000. EverSource Wealth Advisors LLC grew its position in shares of Travel + Leisure by 327.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,741 shares of the company’s stock worth $141,000 after buying an additional 2,100 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Travel + Leisure in the 4th quarter valued at $161,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.