What is Travel + Leisure's vacation ownership — severance costs?

Travel + Leisure (TNL) reported vacation ownership — severance costs of -$2M in Q1 2026.

What does vacation ownership — severance costs mean?

Captures the financial obligations related to employee termination benefits incurred during organizational restructuring or downsizing initiatives. This metric highlights the impact of workforce adjustments on the segment's operating expenses.

Travel + Leisure TNL Vacation Ownership — Severance Costs

Similar metrics at other companies

ACNSeverance Costs

$628M—

COPCorporate — Severance expense

$18M—

APDSeverance-Related Costs

$30.93M—

ACNSeverance Costs

$628M—

FNSeverance Costs

$847K+49.6%

RBCIncurred Costs For Employee Severance Payment

$1.03M—

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%

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:SeveranceCosts1.

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 — severance costs?: Travel + Leisure (TNL) reported vacation ownership — severance costs of -$2M in Q1 2026.
What does vacation ownership — severance costs mean?: Captures the financial obligations related to employee termination benefits incurred during organizational restructuring or downsizing initiatives. This metric highlights the impact of workforce adjustments on the segment's operating expenses.