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

Travel + Leisure (NYSE:TNL) released its quarterly earnings data on Wednesday. The company reported $1.83 EPS for the quarter, hitting analysts’ consensus estimates of $1.83, FiscalAI reports. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS.

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 Price Performance

NYSE:TNL opened at $75.46 on Friday. The firm has a 50-day moving average of $72.11 and a two-hundred day moving average of $65.98. The stock has a market cap of $4.85 billion, a P/E ratio of 22.13, a PEG ratio of 0.64 and a beta of 1.38. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $81.00.

Wall Street Analyst Weigh In

Several brokerages have commented on TNL. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, January 21st. Citizens Jmp increased their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday. Oppenheimer restated an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.90.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider directly owned 39,604 shares in the company, valued at $2,580,992.68. The trade was a 61.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $38,112.62. Additional details regarding this sale are available in the official SEC disclosure. 3.75% of the stock is currently owned by insiders.

Institutional Trading of Travel + Leisure

Institutional investors have recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new position in Travel + Leisure during the 3rd quarter worth $30,000. Geneos Wealth Management Inc. grew 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 worth $44,000 after purchasing an additional 715 shares in the last quarter. Advisory Services Network LLC bought a new stake in Travel + Leisure in the third quarter valued at about $112,000. EverSource Wealth Advisors LLC raised its stake in Travel + Leisure by 327.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,741 shares of the company’s stock valued at $141,000 after buying an additional 2,100 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Travel + Leisure during the 4th quarter worth approximately $161,000. 87.54% of the stock is 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.