What is Travel + Leisure's pre-tax income?

Travel + Leisure (TNL) reported pre-tax income of $108M in Q1 2026.

How has Travel + Leisure's pre-tax income changed year-over-year?

Travel + Leisure's pre-tax income increased by 6.9% year-over-year, from $101M to $108M.

What is the long-term trend for Travel + Leisure's pre-tax income?

Over 3 years (2021 to 2024), Travel + Leisure's pre-tax income has grown at a 6.0% compound annual growth rate (CAGR), from $430M to $512M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Travel + Leisure TNL Pre-Tax Income

Pre-Tax Income at other companies

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$25M+112%

AirbnbABNB

$281M+62.4%

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$3.37B+9.1%

Vail ResortsMTN

$445.85M-17.6%

Hyatt HotelsH

$57M+9.6%

Wyndham Hotels & Resorts, Inc.WH

$80M+1.3%

Other financials

Income statement

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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

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Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

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Market cap$4.79B+39.8%

Enterprise value$9.04B+23.7%

P/E12.9×+2.3×

P/S1.2×+0.3×

Profitability

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Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Travel + Leisure’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Travel + Leisure's pre-tax income?: Travel + Leisure (TNL) reported pre-tax income of $108M in Q1 2026.
How has Travel + Leisure's pre-tax income changed year-over-year?: Travel + Leisure's pre-tax income increased by 6.9% year-over-year, from $101M to $108M.
What is the long-term trend for Travel + Leisure's pre-tax income?: Over 3 years (2021 to 2024), Travel + Leisure's pre-tax income has grown at a 6.0% compound annual growth rate (CAGR), from $430M to $512M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.