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Travel + Leisure TNL Exchange-related revenue — Contract Liabilities
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Where this comes from
Reported directly by Travel + Leisure in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: Travel + Leisure’s 10-K, filed February 18, 2026.
- Filed
- Feb 18, 2026, 10:08 AM EST
- Fiscal year
- FY2025
- Accession
- 0001361658-26-000009
| Line item | As of December 31, 2025 | As of December 31, 2024 |
|---|---|---|
| Deferred subscription revenue | $147 | $151 |
| Deferred VOI trial package revenue | 138 | 142 |
| Deferred VOI incentive revenue | 90 | 86 |
| Deferred exchange-related revenue (a) | 57 | 58 |
| Deferred co-branded credit card programs revenue | 36 | 21 |
| Deferred other revenue | 1 | 1 |
| Total | $469 | $459 |
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Travel + Leisure's exchange-related revenue — contract liabilities?
- Travel + Leisure (TNL) reported exchange-related revenue — contract liabilities of $57M in Q4 2025.
- How has Travel + Leisure's exchange-related revenue — contract liabilities changed year-over-year?
- Travel + Leisure's exchange-related revenue — contract liabilities decreased by 1.7% year-over-year, from $58M to $57M.
- What does exchange-related revenue — contract liabilities mean?
- Represents the deferred revenue balance arising from exchange-related services where the company has received consideration but has not yet satisfied the performance obligations. This metric reflects the company's future service obligations to members within the exchange network. It serves as a key indicator of future revenue recognition potential as services are delivered over time.
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