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

Travel + Leisure (TNL) reported vacation ownership — net revenues of $798M in Q1 2026.

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

Travel + Leisure's vacation ownership — net revenues increased by 5.7% year-over-year, from $755M to $798M.

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

Other segment segments

Travel and Membership

$147M-6.4%

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WHUNITED STATES — Net revenues

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SUIRV — Revenue

$122M+6.4%

Other financials

Income statement

See full

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 vacation ownership — net revenues?: Travel + Leisure (TNL) reported vacation ownership — net revenues of $798M in Q1 2026.
How has Travel + Leisure's vacation ownership — net revenues changed year-over-year?: Travel + Leisure's vacation ownership — net revenues increased by 5.7% year-over-year, from $755M to $798M.
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.