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Travel + Leisure TNL Q1 2024 earnings

Reported April 24, 2024 · Before market open

Revenue$916.0MBeat by $9.8M
EPS$0.97Beat by $0.11
Revenue estimate$906.2M
EPS estimate$0.86

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$1.1B
EPS estimate$2.07

Financials

Q1 2024

Income statement

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Revenue$916.0M+4.2%
Gross profit$882.0M+3.9%
Operating income$150.0M+8.7%
Net income$66.0M+3.1%
EPS (diluted)$0.92+13.6%

Balance sheet

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Cash & equivalents$647.0M+93.7%
Total debt$4.5B+17.6%
Total equity-$926.0M+5.9%
Total assets$7.0B+8.4%

Cash flow

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Operating cash flow$47.0M+571%
CapEx$17.0M+41.7%
Free cash flow$30.0M+700%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$3.5B+18.8%
Enterprise value$7.36B+14.2%
P/E8.8×+0.8×
P/S0.9×+0.1×

Profitability

See full
Gross margin96.4%+0.5pp
Operating margin19.3%+0.8pp
Net margin10.5%+0.3pp
FCF margin8.2%+1.2pp

Segments

By product

See full
Vacation ownership interest sales$369.0M+9.2%
Consumer financing$110.0M+6.8%
Deferred subscription revenue$45.0M0.0%

By geography

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UNITED STATES$851.0M+2.5%

Versus estimates

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Questions, answered.

When did Travel + Leisure report Q1 2024 earnings?
Travel + Leisure (TNL) reported Q1 2024 earnings on April 24, 2024 before market open.
What were Travel + Leisure's Q1 2024 revenue and EPS?
Travel + Leisure reported revenue of $916.0M and eps of $0.97 for Q1 2024.
Did Travel + Leisure beat estimates in Q1 2024?
Revenue beat the consensus estimate of $906.2M by $9.8M. EPS beat the consensus estimate of $0.86 by $0.11.
Where can I find Travel + Leisure's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001361658-24-000118) directly on SEC EDGAR. The filing index links above go to sec.gov.