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Travel + Leisure TNL Q3 2025 earnings

Reported October 22, 2025 · Before market open

Revenue$1.0BBeat by $43.6M
EPS$1.80Beat by $0.08
Revenue estimate$1.0B
EPS estimate$1.72

Next report

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

Financials

Q3 2025

Income statement

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Revenue$1.0B+5.1%
Gross profit$1.0B+6.7%
Operating income$214.0M+13.2%
Net income$111.0M+14.4%
EPS (diluted)$1.67+20.1%

Balance sheet

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Cash & equivalents$414.0M+18.6%
Total debt$4.6B+10.6%
Total equity-$821.0M+4.8%
Total assets$6.9B+2.9%

Cash flow

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Operating cash flow$163.0M+12.4%
CapEx$27.0M+35.0%
Free cash flow$136.0M+8.8%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$3.87B+18.5%
Enterprise value$8.06B+13.9%
P/E9.4×+1.7×
P/S1×+0.1×

Profitability

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Gross margin98.3%+1.1pp
Operating margin19.7%+0.9pp
Net margin10.4%-0.6pp
FCF margin12.8%+1.6pp

Segments

By product

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Vacation ownership interest sales$494.0M+8.6%
Consumer financing$115.0M+0.9%
Deferred subscription revenue$43.0M-2.3%

By geography

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UNITED STATES$886.3M+4.1%

FAQ

When did Travel + Leisure report Q3 2025 earnings?
Travel + Leisure (TNL) reported Q3 2025 earnings on October 22, 2025 before market open.
What were Travel + Leisure's Q3 2025 revenue and EPS?
Travel + Leisure reported revenue of $1.0B and eps of $1.80 for Q3 2025.
Did Travel + Leisure beat estimates in Q3 2025?
Revenue beat the consensus estimate of $1.0B by $43.6M. EPS beat the consensus estimate of $1.72 by $0.08.
How did Travel + Leisure's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.1% from $993.0M a year earlier and eps grew 14.6% from $1.57.
Where can I find Travel + Leisure's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001361658-25-000313) and the 10-Q periodic report (0001361658-25-000315) directly on SEC EDGAR. The filing index links above go to sec.gov.