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Acquisitions at other companies

Hyatt Hotels logo
Hyatt HotelsH
$7M
Camping World Holdings logo
Camping World HoldingsCWH
$7.04M-91.3%
Host Hotels & Resorts logo
Host Hotels & ResortsHST
$18M-25.0%
Global Business Travel Group logo
Global Business Travel GroupGBTG
-$10M

Other financials

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

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Market cap$4.74B+22.5%
Enterprise value$8.78B+12.5%
P/E11.6×+2.1×
P/S1.2×+0.2×

Profitability

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Gross margin92.9%-5.1pp
Operating margin14.2%-5.1pp
Net margin10.4%-0.6pp
FCF margin10.8%-1.8pp

Returns & leverage

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Return on equity122.1%
Debt / equity6.6×
Current ratio1.2×

Where this comes from

Reported directly by Travel + Leisure in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Travel + Leisure’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 11:22 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001361658-26-000053
Line itemSix Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Property and equipment additions(44)(58)
Purchase of investments(13)(4)
Proceeds from the sale of investments1315
Acquisitions, net of cash acquired(1)
Net cash used in investing activities(44)(48)
Financing activities
Proceeds from non-recourse vacation ownership debt748644
Principal payments on non-recourse vacation ownership debt(867)(816)

Item 1. Financial Statements (Unaudited).

FAQ

What is Travel + Leisure's acquisitions?
Travel + Leisure (TNL) reported acquisitions of $0 in Q2 2026.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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