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Travel + Leisure TNL Q1 2026 earnings

Reported April 22, 2026 · Before market open

Revenue$961.0MBeat by $6.1M
EPS$1.45Beat by $0.14
Revenue estimate$954.9M
EPS estimate$1.31

Next report

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

Financials

Q1 2026

Income statement

See full
Revenue$961.0M+2.9%
Gross profit$926.0M+1.6%
Operating income$159.0M+1.9%
Net income$79.0M+8.2%
EPS (diluted)$1.22+14.0%

Balance sheet

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Cash & equivalents$456.0M+24.3%
Total debt$4.7B+11.9%
Total equity-$1.0B-13.2%
Total assets$6.8B+1.1%

Cash flow

See full
Operating cash flow$38.0M-68.6%
CapEx$19.0M-9.5%
Free cash flow$19.0M-81.0%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$4.32B+39.8%
Enterprise value$8.57B+23.7%
P/S1.1×+0.3×

Profitability

See full
Gross margin93%-4.9pp
Operating margin14.3%-4.8pp
FCF margin10.9%-0.7pp

Segments

By product

See full
Vacation ownership interest sales$427.0M+11.2%
Property management fees and reimbursable revenues$223.0M0.0%
Consumer financing$113.0M+0.9%
Deferred subscription revenue$42.0M-2.3%
Fee-for-Service commissions$11.0M-31.3%

Versus estimates

Revenue

Q2 2026$1.1BBeat by $20.9M
Q1 2026$961.0MBeat by $6.1M
Q4 2025$1.0BBeat by $25.6MQ3 2025$1.0BBeat by $43.6MQ2 2025$1.0BMiss by $21.7MQ1 2025$934.0MMiss by $74.0M

Diluted EPS

Q2 2026$1.88In line
Q1 2026$1.45Beat by $0.14
Q4 2025$1.83In lineQ3 2025$1.80Beat by $0.08Q2 2025$1.65Miss by $0.01Q1 2025$1.11Beat by $0.01

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Questions, answered.

When did Travel + Leisure report Q1 2026 earnings?
Travel + Leisure (TNL) reported Q1 2026 earnings on April 22, 2026 before market open.
What were Travel + Leisure's Q1 2026 revenue and EPS?
Travel + Leisure reported revenue of $961.0M and eps of $1.45 for Q1 2026.
Did Travel + Leisure beat estimates in Q1 2026?
Revenue beat the consensus estimate of $954.9M by $6.1M. EPS beat the consensus estimate of $1.31 by $0.14.
How did Travel + Leisure's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.9% from $934.0M a year earlier and eps grew 30.6% from $1.11.
Where can I find Travel + Leisure's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001361658-26-000024) and the 10-Q periodic report (0001361658-26-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.