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Travel + Leisure TNL Q1 2025 earnings

Reported April 23, 2025 · Before market open

Revenue$934.0MMiss by $74.0M
EPS$1.11Beat by $0.01
Revenue estimate$1.0B
EPS estimate$1.10

Next report

Oct 28, 2026 (in a month)
Revenue estimate$1.1B
EPS estimate$2.09

Financials

Q1 2025

Income statement

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Revenue$934.0M+2.0%
Gross profit$911.0M+3.3%
Operating income$156.0M+4.0%
Net income$73.0M+10.6%
EPS (diluted)$1.07+16.3%

Balance sheet

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Cash & equivalents$367.0M-43.3%
Total debt$4.2B-6.7%
Total equity-$903.0M+2.5%
Total assets$6.8B-3.7%

Cash flow

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Operating cash flow$121.0M+157%
CapEx$21.0M+23.5%
Free cash flow$100.0M+233%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3.09B-11.8%
Enterprise value$6.93B-5.9%
P/E7.4×-1.4×
P/S0.8×-0.1×

Profitability

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Gross margin97.9%+1.5pp
Operating margin19.1%-0.2pp
Net margin10.8%+0.2pp
FCF margin11.7%+3.5pp

Segments

By product

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Vacation ownership interest sales$384.0M+4.1%
Property management fees and reimbursable revenues$223.0M—
Transaction revenues$130.0M—
Consumer financing$112.0M+1.8%
Deferred subscription revenue$43.0M-4.4%

By segment

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Vacation Ownership$755.0M—
Travel and Membership$180.0M—

By geography

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UNITED STATES$886.3M+4.1%

FAQ

When did Travel + Leisure report Q1 2025 earnings?
Travel + Leisure (TNL) reported Q1 2025 earnings on April 23, 2025 before market open.
What were Travel + Leisure's Q1 2025 revenue and EPS?
Travel + Leisure reported revenue of $934.0M and eps of $1.11 for Q1 2025.
Did Travel + Leisure beat estimates in Q1 2025?
Revenue missed the consensus estimate of $1.0B by $74.0M. EPS beat the consensus estimate of $1.10 by $0.01.
How did Travel + Leisure's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.0% from $916.0M a year earlier and eps grew 14.4% from $0.97.
Where can I find Travel + Leisure's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001361658-25-000184) and the 10-Q periodic report (0001361658-25-000185) directly on SEC EDGAR. The filing index links above go to sec.gov.