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Travel + Leisure TNL Q2 2026 earnings

Reported July 22, 2026 · Before market open

Revenue$1.1BBeat by $20.9M
EPS$1.88In line
Revenue estimate$1.0B
EPS estimate$1.88
“First half results reflect the strength of our model and capital allocation strategy. Revenue increased 4%, EBITDA increased 9% and adjusted earnings per share increased 21%. At the same time, we increased share repurchases by 25%, reduced leverage by approximately a quarter turn and announced two immediately-accretive acquisitions.”
Chief Financial Officer

Next report

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

Financials

Q2 2026

Income statement

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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

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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

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Operating cash flow$220.0M-5.2%
CapEx$25.0M-32.4%
Free cash flow$195.0M0.0%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$4.01B0.0%
Enterprise value$8.05B+1.3%
P/E9.9×—
P/S1×0.0×

Profitability

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Gross margin92.9%-5.1pp
Operating margin14.2%-5.1pp
FCF margin10.8%-1.8pp

Segments

By product

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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

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Vacation Ownership$907.0M—
Travel and Membership$157.0M—

FAQ

When did Travel + Leisure report Q2 2026 earnings?
Travel + Leisure (TNL) reported Q2 2026 earnings on July 22, 2026 before market open.
What were Travel + Leisure's Q2 2026 revenue and EPS?
Travel + Leisure reported revenue of $1.1B and eps of $1.88 for Q2 2026.
Did Travel + Leisure beat estimates in Q2 2026?
Revenue beat the consensus estimate of $1.0B by $20.9M. EPS beat the consensus estimate of $1.88 by $0.00.
How did Travel + Leisure's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.4% from $1.0B a year earlier and eps grew 13.9% from $1.65.
Where can I find Travel + Leisure's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001361658-26-000050) and the 10-Q periodic report (0001361658-26-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.