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Travel + Leisure TNL Vacation Ownership — Resort optimization initiative costs

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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%

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 wyn:ResortOptimizationInitiativeCosts.

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 — resort optimization initiative costs?
Travel + Leisure (TNL) reported vacation ownership — resort optimization initiative costs of $22M in Q1 2026.
How has Travel + Leisure's vacation ownership — resort optimization initiative costs changed year-over-year?
Travel + Leisure's vacation ownership — resort optimization initiative costs decreased by 62.2% year-over-year, from $58.25M to $22M.
What does vacation ownership — resort optimization initiative costs mean?
Tracks the specific expenses incurred to improve the operational efficiency, profitability, or physical condition of existing resort properties. These costs are often associated with strategic efforts to modernize assets or streamline service delivery.