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Travel + Leisure TNL Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$985.0MMiss by $2.9M
EPS$1.52Beat by $0.12
Revenue estimate$987.9M
EPS estimate$1.40

Next report

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

Financials

Q2 2024

Income statement

See full
Revenue$985.0M+3.8%
Gross profit$964.0M+5.2%
Operating income$189.0M+3.3%
Net income$129.0M+37.2%
EPS (diluted)$1.81+44.8%

Balance sheet

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Cash & equivalents$332.0M-12.2%
Total debt$4.2B-2.8%
Total equity-$885.0M+12.7%
Total assets$6.7B+1.4%

Cash flow

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Operating cash flow$174.0M+68.9%
CapEx$21.0M+31.3%
Free cash flow$153.0M+75.9%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$3.22B+8.8%
Enterprise value$7.08B+2.6%
P/E7.4×-0.7×
P/S0.8×0.0×

Profitability

See full
Gross margin96.8%+0.4pp
Operating margin19.3%+0.9pp
Net margin11.4%+1.4pp
FCF margin9.9%+2.6pp

Segments

By product

See full
Vacation ownership interest sales$441.0M+10.0%
Property management fees and reimbursable revenues$210.0M
Transaction revenues$126.0M
Consumer financing$111.0M+7.8%
Deferred subscription revenue$44.0M-4.3%

By segment

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Vacation Ownership$807.0M
Travel and Membership$177.0M

By geography

See full
UNITED STATES$851.0M+2.5%

Versus estimates

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Questions, answered.

When did Travel + Leisure report Q2 2024 earnings?
Travel + Leisure (TNL) reported Q2 2024 earnings on July 24, 2024 before market open.
What were Travel + Leisure's Q2 2024 revenue and EPS?
Travel + Leisure reported revenue of $985.0M and eps of $1.52 for Q2 2024.
Did Travel + Leisure beat estimates in Q2 2024?
Revenue missed the consensus estimate of $987.9M by $2.9M. EPS beat the consensus estimate of $1.40 by $0.12.
Where can I find Travel + Leisure's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001361658-24-000145) directly on SEC EDGAR. The filing index links above go to sec.gov.