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Travel + Leisure TNL Other — Net revenues

Other product segments

Vacation ownership interest sales
$427M+11.2%
Property management fees and reimbursable revenues
$223M0.0%
Consumer financing
$113M+0.9%
Transaction revenues
$97M-7.6%
Subscription revenue
$43M-6.5%
Deferred subscription revenue
$42M-2.3%
Fee-for-Service commissions
$11M-31.3%
Eliminations
-$2M
Ancillary revenues
$1M

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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%
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:Revenues.

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 other — net revenues?
Travel + Leisure (TNL) reported other — net revenues of $25M in Q1 2026.
How has Travel + Leisure's other — net revenues changed year-over-year?
Travel + Leisure's other — net revenues increased by 19.0% year-over-year, from $21M to $25M.
What is the long-term trend for Travel + Leisure's other — net revenues?
Over 4 years (2021 to 2025), Travel + Leisure's other — net revenues has grown at a 18.4% compound annual growth rate (CAGR), from $53M to $104M.
What does other — net revenues mean?
This metric represents the total net revenue generated by business activities that do not fall under the company's primary reportable segments, such as Vacation Ownership or Travel and Membership. It captures income from ancillary services, corporate overhead allocations, or non-core business lines that support the broader hospitality ecosystem. Monitoring this revenue stream helps investors assess the contribution of secondary operations to the company's overall financial performance and diversification strategy.