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Travel + Leisure TNL Eliminations — Revenue from Contract with Customer, Excluding Assessed Tax

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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%

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 eliminations — revenue from contract with customer, excluding assessed tax?
Travel + Leisure (TNL) reported eliminations — revenue from contract with customer, excluding assessed tax of -$2M in Q1 2026.
How has Travel + Leisure's eliminations — revenue from contract with customer, excluding assessed tax changed year-over-year?
Travel + Leisure's eliminations — revenue from contract with customer, excluding assessed tax decreased by 0.0% year-over-year, from -$2M to -$2M.
What does eliminations — revenue from contract with customer, excluding assessed tax mean?
This metric captures the revenue adjustments related to contracts with customers that are removed during the consolidation of financial statements to avoid double-counting. It specifically excludes assessed taxes and accounts for the reversal of inter-company revenue streams that do not represent external economic value. Analyzing this adjustment is essential for isolating the true external revenue contribution of the company's core operating segments.