Travel + Leisure TNL Deferred subscription revenue — Contract with Customer, Liability

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FAQ

What is Travel + Leisure's deferred subscription revenue — contract with customer, liability?

Travel + Leisure (TNL) reported deferred subscription revenue — contract with customer, liability of $146M in Q2 2026.

How has Travel + Leisure's deferred subscription revenue — contract with customer, liability changed year-over-year?

Travel + Leisure's deferred subscription revenue — contract with customer, liability decreased by 5.8% year-over-year, from $155M to $146M.

What is the long-term trend for Travel + Leisure's deferred subscription revenue — contract with customer, liability?

Over 4 years (2021 to 2025), Travel + Leisure's deferred subscription revenue — contract with customer, liability has grown at a -3.2% compound annual growth rate (CAGR), from $695M to $610M.

What does deferred subscription revenue — contract with customer, liability mean?

This represents the portion of subscription fees collected from members for which the company has not yet satisfied its performance obligations. It is recorded as a liability on the balance sheet, reflecting the obligation to provide future travel or membership services. This metric is a key indicator of future revenue visibility and the scale of the company's committed membership base.