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Travel + Leisure TNL Other — Net revenues

Other product segments

Vacation ownership interest sales
$524M+10.5%
Property management fees and reimbursable revenues
$230M
Consumer financing
$113M+0.9%
Transaction revenues
$109M
Deferred subscription revenue
$42M-2.3%
Subscription revenue
$42M
Fee-for-Service commissions
$11M
Eliminations
-$1M
Ancillary revenues
$0

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Other financials

Income statement

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Revenue$1.1B+4.4%
Gross profit$1.0B+3.7%
Operating income$210.0M+1.9%
Net income$109.0M+0.9%
EPS (diluted)$1.72+6.2%

Balance sheet

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Cash & equivalents$471.0M+21.7%
Total debt$4.5B+4.4%
Total equity-$1.0B-19.6%
Total assets$6.9B+1.3%

Cash flow

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Operating cash flow$220.0M-5.2%
CapEx$25.0M-32.4%
Free cash flow$195.0M0.0%

Valuation

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Market cap$4.74B+22.5%
Enterprise value$8.78B+12.5%
P/E11.6×+2.1×
P/S1.2×+0.2×

Profitability

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Gross margin92.9%-5.1pp
Operating margin14.2%-5.1pp
Net margin10.4%-0.6pp
FCF margin10.8%-1.8pp

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 source filing: Travel + Leisure’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 11:22 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001361658-26-000053
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Vacation ownership interest sales$524$474$951$858
Service and membership fees396407792823
Consumer financing113112226224
Other30255546
Net revenues1,0631,0182,0241,951
Expenses
Operating457457898902
Marketing172152314276

Item 1. Financial Statements (Unaudited).

FAQ

What is Travel + Leisure's other — net revenues?
Travel + Leisure (TNL) reported other — net revenues of $30M in Q2 2026.
How has Travel + Leisure's other — net revenues changed year-over-year?
Travel + Leisure's other — net revenues increased by 20.0% year-over-year, from $25M to $30M.
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.

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