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Travel + Leisure TNL Subscription 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 subscription revenue — contract liabilities?
- Travel + Leisure (TNL) reported subscription revenue — contract liabilities of $147M in Q4 2025.
- How has Travel + Leisure's subscription revenue — contract liabilities changed year-over-year?
- Travel + Leisure's subscription revenue — contract liabilities decreased by 2.6% year-over-year, from $151M to $147M.
- What does subscription revenue — contract liabilities mean?
- This represents the deferred revenue balance arising from subscription-based contracts where cash has been collected from customers in advance of the performance obligations being satisfied. It serves as a key indicator of future revenue recognition potential and customer commitment within the subscription business segment. Monitoring this balance helps investors assess the company's ability to secure long-term service agreements and manage deferred income liabilities.
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