What is Travel + Leisure's vacation ownership — net revenues?

Travel + Leisure (TNL) reported vacation ownership — net revenues of $907M in Q2 2026.

How has Travel + Leisure's vacation ownership — net revenues changed year-over-year?

Travel + Leisure's vacation ownership — net revenues increased by 6.3% year-over-year, from $853M to $907M.

What does vacation ownership — net revenues mean?

The total revenue generated from the sale of vacation ownership interests and related services, net of any applicable taxes or adjustments. This is the primary indicator of the segment's market demand and top-line growth performance.

Travel + Leisure (TNL) Vacation Ownership — Net revenues

Screener

Other segment segments

Travel and Membership

$157M—

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Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$220.0M-5.2%

CapEx$25.0M-32.4%

Free cash flow$195.0M0.0%

Valuation

See full

Market cap$4.77B+22.5%

Enterprise value$8.81B+12.5%

P/E11.7×+2.1×

P/S1.2×+0.2×

Profitability

See full

Gross margin92.9%-5.1pp

Operating margin14.2%-5.1pp

Net margin10.4%-0.6pp

FCF margin10.8%-1.8pp

Returns & leverage

See full

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 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 item	Three Months Ended / June 30, 2026	Three Months Ended / June 30, 2025	Six Months Ended / June 30, 2026	Six Months Ended / June 30, 2025
Consumer financing	113	112	226	224
Fee-for-Service commissions	11	26	22	42
Ancillary revenues	29	24	54	45
Total Vacation Ownership	907	853	1,705	1,609
Travel and Membership
Transaction revenues	109	117	225	246
Subscription revenues	42	43	84	86
Ancillary revenues	6	6	12	13

Item 1. Financial Statements (Unaudited).

FAQ

What is Travel + Leisure's vacation ownership — net revenues?: Travel + Leisure (TNL) reported vacation ownership — net revenues of $907M in Q2 2026.
How has Travel + Leisure's vacation ownership — net revenues changed year-over-year?: Travel + Leisure's vacation ownership — net revenues increased by 6.3% year-over-year, from $853M to $907M.
What does vacation ownership — net revenues mean?: The total revenue generated from the sale of vacation ownership interests and related services, net of any applicable taxes or adjustments. This is the primary indicator of the segment's market demand and top-line growth performance.