What is Travel + Leisure's market cap?

Travel + Leisure (TNL) has a market capitalization of $4.8B and trades on NYSE.

What is Travel + Leisure's revenue and profitability?

Travel + Leisure generated $4.1B in trailing twelve-month revenue with net income of $407.0M, representing a net margin of 10.4%. Gross margin stands at 92.9%, with free cash flow of $442.0M. These figures are based on the Q2 2026 filing.

Who are Travel + Leisure's competitors?

Travel + Leisure's key competitors include Marriott Vacations Worldwide, Expedia Group, Hilton Grand Vacations, and others. These companies compete in similar markets and product categories.

Who does Travel + Leisure partner with?

Travel + Leisure's notable partners include Wyndham Hotels & Resorts, Inc., People Inc., Arbor Day Foundation, and others.

What subsidiaries does Travel + Leisure have?

Travel + Leisure's subsidiaries include Travel + Leisure Consumer Finance, RCI.

Where is Travel + Leisure headquartered?

Travel + Leisure is headquartered in United States of America and employs approximately 19,000 people. It has been publicly traded since 2006.

Travel + Leisure

TNL

Travel + Leisure Co. is a leading global leisure travel company that provides vacation ownership, exchange, and travel club services.

Market cap

$4.81B+19.5%

Revenue$4.1B+4.5%

Net income$407.0M-2.6%

Free cash flow$442.0M-10.7%

EPS (diluted)$6.23+4.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q2 2026 report

July 22, 2026

Revenue$1.1BBeat by $20.9M EPS$1.88In line

Read the full report

Next report

Oct 28, 2026 (in 3 months)

Revenue estimate$1.1B

EPS estimate$2.07

Financials

Q2 2026

Income statement

See full

Revenue$1.1B+4.4%

Gross profit$1.0B+3.7%

Operating income$210.0M+1.9%

Net income$109.0M+0.9%

EPS (diluted)$1.72+6.2%

Balance sheet

See full

Cash & equivalents$471.0M+21.7%

Total debt$4.5B+4.4%

Total equity-$1.0B-19.6%

Total assets$6.9B+1.3%

Cash flow

See full

Operating cash flow$220.0M-5.2%

CapEx$25.0M-32.4%

Free cash flow$195.0M0.0%

Valuation & ratios

Valuation

See full

Market cap$4.81B+19.5%

Enterprise value$8.85B+10.6%

P/E11.8×—

P/S1.2×+0.1×

Profitability

See full

Gross margin92.9%-5.1pp

Operating margin14.2%-5.1pp

FCF margin10.8%-1.8pp

Segments

By product

See full

Vacation ownership interest sales$524.0M+10.5%

Property management fees and reimbursable revenues$230.0M—

Consumer financing$113.0M+0.9%

Transaction revenues$109.0M—

Deferred subscription revenue$42.0M-2.3%

By segment

See full

Vacation Ownership$907.0M—

Travel and Membership$157.0M—

Competitors

By market cap

Walt Disney$171.72B-20.3%

Airbnb$90.9B+7.6%

Expedia Group, Inc.$35.5B+52.8%

Travel + Leisure$4.8B+18.2%

Hilton Grand Vacations$4.1B-11.5%

Marriott Vacations Worldwide$3.5B+25.3%

RLJ Lodging Trust$1.9B+61.7%

NextTrip, Inc.$24.3M-22.5%

By revenue growth

Airbnb+12.6%

Expedia Group, Inc.+10.0%

Travel + Leisure+4.5%

Hilton Grand Vacations+4.2%

Walt Disney+4.0%

Marriott Vacations Worldwide+2.4%

RLJ Lodging Trust-0.8%

By net margin

Airbnb19.9%-2.7pp

Walt Disney14.67%+1.7pp

Travel + Leisure10.36%-0.7pp

Expedia Group, Inc.9.81%+1.3pp

Hilton Grand Vacations3.16%+2.5pp

RLJ Lodging Trust1.84%-3.0pp

Marriott Vacations Worldwide-6.72%-11.3pp

Profile

Travel + Leisure Co. is a leading global leisure travel company that provides vacation ownership, exchange, and travel club services. The company operates a diverse portfolio of hospitality brands, offering vacation experiences to millions of owners and members through a network of resorts and private-label travel solutions. Its core value proposition centers on providing flexible, high-quality vacation accommodations and travel benefits through membership-based models.

Competitive position

The company operates the world's largest vacation ownership and exchange businesses based on the number of owners, members, and resort locations.

GeographiesUnited States, Canada, Mexico, Caribbean, Asia Pacific, Europe

Customer segmentsMass affluent consumers, Corporate associations, Leisure travelers

Business modelMembership-based subscription, Consumer financing, Fee-for-service, B2B private-label

SuppliersLand and real estate for resort development, Third-party resort affiliates, Capital markets for loan securitization, Brand licensors

CustomersIndividual vacation owners, Travel club subscribers, Property owners' associations, B2B affinity groups

CountryUnited States of America

Listed2006

Employees19.0K

CEOMichael D. Brown

SectorConsumer Cyclical

IndustryTravel Services

Websitetravelandleisureco.com

FilingsSEC EDGAR

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Questions, answered.

What is Travel + Leisure's market cap?: Travel + Leisure (TNL) has a market capitalization of $4.8B and trades on NYSE.
What is Travel + Leisure's revenue and profitability?: Travel + Leisure generated $4.1B in trailing twelve-month revenue with net income of $407.0M, representing a net margin of 10.4%. Gross margin stands at 92.9%, with free cash flow of $442.0M. These figures are based on the Q2 2026 filing.
Who are Travel + Leisure's competitors?: Travel + Leisure's key competitors include Marriott Vacations Worldwide, Expedia Group, Hilton Grand Vacations, and others. These companies compete in similar markets and product categories.
Who does Travel + Leisure partner with?: Travel + Leisure's notable partners include Wyndham Hotels & Resorts, Inc., People Inc., Arbor Day Foundation, and others.
What subsidiaries does Travel + Leisure have?: Travel + Leisure's subsidiaries include Travel + Leisure Consumer Finance, RCI.
Where is Travel + Leisure headquartered?: Travel + Leisure is headquartered in United States of America and employs approximately 19,000 people. It has been publicly traded since 2006.