Travel + Leisure Co. (TNL) — Financial statements
Income statement, balance sheet, and cash flow for Travel + Leisure Co. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,021↑4.1% | 3,864↑3.0% | 3,750↑5.1% | 3,567↑13.8% | 3,134 | |
| Cost of Revenue | 2,928↑48.5% | 1,972↑2.2% | 1,929↑4.9% | 1,839↑17.6% | 1,564 | |
| Gross Profit | 1,093↓42.2% | 1,892↑3.9% | 1,821↑5.4% | 1,728↑10.1% | 1,570 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 498↑4.8% | 475↑4.6% | 454↓5.2% | 479↑10.4% | 434 | |
| Selling & Marketing Expenses | 585↑6.4% | 550↑8.5% | 507↑12.4% | 451↑24.2% | 363 | |
| SG&A Expenses | 1,083↑5.7% | 1,025↑6.7% | 961↑3.3% | 930↑16.7% | 797 | |
| Other Expenses | -707↓627.6% | 134↓4.3% | 140↓3.4% | 145↓6.5% | 155 | |
| Operating Expenses | 376↓67.6% | 1,159↑5.3% | 1,101↑2.4% | 1,075↑12.9% | 952 | |
| Total Costs & Expenses | 3,304↑5.5% | 3,131↑3.3% | 3,030↑4.0% | 2,914↑15.8% | 2,516 | |
| Operating Results | ||||||
| Operating Income | 717↓2.2% | 733↑1.8% | 720↑10.3% | 653↑5.7% | 618 | |
| Depreciation & Amortization | 124↑7.8% | 115↑2.7% | 112↓5.9% | 119↓4.0% | 124 | |
| EBITDA | 828↓5.6% | 877↑3.4% | 848↑6.0% | 800↑6.5% | 751 | |
| EBIT | 704↓7.6% | 762↑3.5% | 736↑8.1% | 681↑8.6% | 627 | |
| Interest & Other Income | ||||||
| Net Interest Income | 96↑140.9% | -235↑1.3% | -238↓25.9% | -189↑3.1% | -195 | |
| Interest Income | 463↑3207.1% | 14↑7.7% | 13↑116.7% | 6↑100.0% | 3 | |
| Interest Expense | 367↑47.4% | 249↓0.8% | 251↑28.7% | 195↓1.5% | 198 | |
| Non-Operating Income | 13↑144.8% | -29↓81.3% | -16↑42.9% | -28↓211.1% | -9 | |
| Other Income / Expenses | -380↓72.7% | -220↑6.4% | -235↓40.7% | -167↑11.6% | -189 | |
| Income Before Tax | 337↓34.3% | 513↑5.8% | 485↓0.2% | 486↑13.3% | 429 | |
| Income Tax Expense | 107↓20.7% | 135↑43.6% | 94↓27.7% | 130↑12.1% | 116 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 230↓39.2% | 378↓3.3% | 391↑9.8% | 356↑13.7% | 313 | |
| Net Income from Discontinued Operations | 0.00↓100.0% | 33↑560.0% | 5↑400.0% | 1↑120.0% | -5 | |
| Net Income | 230↓44.0% | 411↑3.8% | 396↑10.9% | 357↑15.9% | 308 | |
| Bottom-Line Net Income | 230↓39.2% | 378↓4.5% | 396↑11.2% | 356↑13.7% | 313 | |
| EPS (Basic) | 3.51↓34.9% | 5.39↑1.3% | 5.32↑24.6% | 4.27↑18.0% | 3.62 | |
| EPS (Diluted) | 3.44↓35.7% | 5.35↑1.3% | 5.28↑24.8% | 4.23↑16.9% | 3.62 | |
| Weighted Average Shares | 66↓6.4% | 70↓5.9% | 75↓10.7% | 83↓3.6% | 87 | |
| Weighted Average Diluted Shares | 67↓5.4% | 71↓5.7% | 75↓10.9% | 84↓2.7% | 87 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.