Travel + Leisure Co. (TNL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 961M | 1.03B | 1.04B | 1.02B | 934M | 971M | 993M | 985M | 916M | 936M | 986M | 949M | 879M | 899M | 937M | 922M | 809M | 870M | 839M | 797M |
| Revenue Growth % | 2.89% | 5.66% | 5.14% | 3.35% | 1.97% | 3.74% | 0.71% | 3.79% | 4.21% | 4.12% | 5.23% | 2.93% | 8.65% | 3.33% | 11.68% | 15.68% | 28.82% | 34.88% | 36.65% | 132.36% |
| Cost of Goods Sold | 441M | 878M | 468M | 512M | 502M | 475M | 496M | 496M | 505M | 466M | 500M | 487M | 475M | 457M | 476M | 466M | 438M | 421M | 406M | 400M |
| COGS % of Revenue | 45.89% | 85.58% | 44.83% | 50.29% | 53.75% | 48.92% | 49.95% | 50.36% | 55.13% | 49.79% | 50.71% | 51.32% | 54.04% | 50.83% | 50.8% | 50.54% | 54.14% | 48.39% | 48.39% | 50.19% |
| Gross Profit | 520M | 148M | 576M | 506M | 432M | 496M | 497M | 489M | 411M | 470M | 486M | 462M | 404M | 442M | 461M | 456M | 371M | 449M | 433M | 397M |
| Gross Margin % | 54.11% | 14.42% | 55.17% | 49.71% | 46.25% | 51.08% | 50.05% | 49.64% | 44.87% | 50.21% | 49.29% | 48.68% | 45.96% | 49.17% | 49.2% | 49.46% | 45.86% | 51.61% | 51.61% | 49.81% |
| Gross Profit Growth % | 20.37% | -70.16% | 15.9% | 3.48% | 5.11% | 5.53% | 2.26% | 5.84% | 1.73% | 6.33% | 5.42% | 1.32% | 8.89% | -1.56% | 6.47% | 14.86% | 26.62% | 36.06% | 38.34% | 183.57% |
| Operating Expenses | 361M | 109M | 362M | 300M | 276M | 290M | 308M | 300M | 261M | 279M | 279M | 279M | 266M | 280M | 272M | 271M | 254M | 254M | 247M | 246M |
| OpEx % of Revenue | 37.56% | 10.62% | 34.67% | 29.47% | 29.55% | 29.87% | 31.02% | 30.46% | 28.49% | 29.81% | 28.3% | 29.4% | 30.26% | 31.15% | 29.03% | 29.39% | 31.4% | 29.2% | 29.44% | 30.87% |
| Selling, General & Admin | 263M | 286M | 284M | 268M | 246M | 258M | 263M | 272M | 233M | 235M | 249M | 241M | 236M | 234M | 242M | 240M | 214M | 212M | 207M | 204M |
| SG&A % of Revenue | 27.37% | 27.88% | 27.2% | 26.33% | 26.34% | 26.57% | 26.49% | 27.61% | 25.44% | 25.11% | 25.25% | 25.4% | 26.85% | 26.03% | 25.83% | 26.03% | 26.45% | 24.37% | 24.67% | 25.6% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 159M | 39M | 214M | 206M | 156M | 206M | 189M | 189M | 150M | 191M | 207M | 183M | 138M | 162M | 189M | 185M | 117M | 195M | 186M | 151M |
| Operating Margin % | 16.55% | 3.8% | 20.5% | 20.24% | 16.7% | 21.22% | 19.03% | 19.19% | 16.38% | 20.41% | 20.99% | 19.28% | 15.7% | 18.02% | 20.17% | 20.07% | 14.46% | 22.41% | 22.17% | 18.95% |
| Operating Income Growth % | 1.92% | -81.07% | 13.23% | 8.99% | 4% | 7.85% | -8.7% | 3.28% | 8.7% | 17.9% | 9.52% | -1.08% | 17.95% | -16.92% | 1.61% | 22.52% | 34.48% | 129.41% | 190.63% | 232.46% |
| EBITDA | 191M | 71M | 245M | 237M | 186M | 235M | 219M | 217M | 178M | 220M | 235M | 210M | 166M | 190M | 219M | 216M | 147M | 226M | 216M | 183M |
| EBITDA Margin % | 19.88% | 6.92% | 23.47% | 23.28% | 19.91% | 24.2% | 22.05% | 22.03% | 19.43% | 23.5% | 23.83% | 22.13% | 18.89% | 21.13% | 23.37% | 23.43% | 18.17% | 25.98% | 25.74% | 22.96% |
| EBITDA Growth % | 2.69% | -69.79% | 11.87% | 9.22% | 4.49% | 6.82% | -6.81% | 3.33% | 7.23% | 15.79% | 7.31% | -2.78% | 12.93% | -15.93% | 1.39% | 18.03% | 24.58% | 93.16% | 125% | 320.48% |
| D&A (Non-Cash Add-back) | 32M | 32M | 31M | 31M | 30M | 29M | 30M | 28M | 28M | 29M | 28M | 27M | 28M | 28M | 30M | 31M | 30M | 31M | 30M | 32M |
| EBIT | 159M | -16M | 218M | 209M | 158M | 217M | 193M | 196M | 156M | 195M | 212M | 186M | 143M | 171M | 210M | 179M | 121M | 201M | 187M | 152M |
| Net Interest Income | -54M | 264M | -57M | -55M | -56M | -58M | -60M | -60M | -60M | -64M | -61M | -58M | -55M | -49M | -46M | -46M | -46M | -49M | -46M | -46M |
| Interest Income | 2M | 457M | 3M | 2M | 1M | 2M | 3M | 3M | 4M | 4M | 3M | 3M | 3M | 3M | 2M | 1M | 1M | 1M | 1M | 1M |
| Interest Expense | 56M | 193M | 60M | 57M | 57M | 60M | 63M | 63M | 64M | 68M | 64M | 61M | 58M | 52M | 48M | 47M | 47M | 50M | 47M | 47M |
| Other Income/Expense | -51M | -112M | -56M | -54M | -55M | -49M | -59M | -56M | -58M | -64M | -59M | -58M | -53M | -43M | -27M | -53M | -43M | -45M | -46M | -46M |
| Pretax Income | 108M | -73M | 158M | 152M | 101M | 157M | 130M | 133M | 92M | 127M | 148M | 125M | 85M | 119M | 162M | 132M | 74M | 150M | 140M | 105M |
| Pretax Margin % | 11.24% | -7.12% | 15.13% | 14.93% | 10.81% | 16.17% | 13.09% | 13.5% | 10.04% | 13.57% | 15.01% | 13.17% | 9.67% | 13.24% | 17.29% | 14.32% | 9.15% | 17.24% | 16.69% | 13.17% |
| Income Tax | 29M | -12M | 47M | 44M | 28M | 39M | 33M | 36M | 26M | -2M | 38M | 36M | 22M | 29M | 46M | 32M | 23M | 40M | 39M | 31M |
| Effective Tax Rate % | 26.85% | 16.44% | 29.75% | 28.95% | 27.72% | 24.84% | 25.38% | 27.07% | 28.26% | -1.57% | 25.68% | 28.8% | 25.88% | 24.37% | 28.4% | 24.24% | 31.08% | 26.67% | 27.86% | 29.52% |
| Net Income | 79M | -61M | 111M | 108M | 73M | 119M | 97M | 129M | 66M | 129M | 110M | 94M | 64M | 91M | 116M | 100M | 51M | 107M | 101M | 72M |
| Net Margin % | 8.22% | -5.95% | 10.63% | 10.61% | 7.82% | 12.26% | 9.77% | 13.1% | 7.21% | 13.78% | 11.16% | 9.91% | 7.28% | 10.12% | 12.38% | 10.85% | 6.3% | 12.3% | 12.04% | 9.03% |
| Net Income Growth % | 8.22% | -151.26% | 14.43% | -16.28% | 10.61% | -7.75% | -11.82% | 37.23% | 3.13% | 41.76% | -5.17% | -6% | 25.49% | -14.95% | 14.85% | 38.89% | 75.86% | 3466.67% | 152.5% | 143.9% |
| Net Income (Continuing) | 79M | -61M | 111M | 108M | 73M | 118M | 97M | 97M | 66M | 129M | 110M | 89M | 63M | 90M | 116M | 100M | 51M | 110M | 101M | 74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | -1000K | 0 | -1000K |
| Minority Interest | -1M | -1M | 0 | -1M | 0 | 1M | 1M | 1M | 1M | 1M | 11M | 10M | 9M | 9M | 8M | 8M | 8M | 7M | 8M | 7M |
| EPS (Diluted) | 1.22 | -0.95 | 1.67 | 1.62 | 1.07 | 1.71 | 1.39 | 1.37 | 0.92 | 1.77 | 1.49 | 1.18 | 0.80 | 1.12 | 1.39 | 1.17 | 0.59 | 1.22 | 1.15 | 0.82 |
| EPS Growth % | 14.02% | -155.56% | 20.14% | 18.25% | 16.3% | -3.39% | -6.71% | 16.1% | 15% | 58.04% | 7.19% | 0.85% | 35.59% | -8.2% | 20.87% | 42.68% | 78.79% | 1999.83% | 144.68% | 142.71% |
| EPS (Basic) | 1.25 | -0.95 | 1.68 | 1.63 | 1.09 | 1.73 | 1.39 | 1.37 | 0.92 | 1.79 | 1.50 | 1.18 | 0.81 | 1.13 | 1.40 | 1.18 | 0.59 | 1.23 | 1.16 | 0.83 |
| Diluted Shares Outstanding | 64.75M | 64.1M | 66.5M | 66.5M | 68.2M | 69.2M | 70.2M | 71M | 72M | 72.7M | 73.6M | 75.5M | 78.3M | 80.5M | 83.6M | 85.7M | 87M | 87.4M | 87.4M | 87.4M |
| Basic Shares Outstanding | 63.2M | 64.1M | 66.1M | 66.1M | 67.1M | 68.1M | 69.8M | 70.8M | 71.5M | 72.2M | 73.3M | 75.2M | 77.5M | 79.8M | 83M | 85M | 85.9M | 86.5M | 86.6M | 86.5M |
| Dividend Payout Ratio | - | - | 102.7% | 34.26% | 56.16% | 28.57% | 36.08% | 27.13% | 57.58% | 24.81% | 30% | 36.17% | 57.81% | 35.16% | 28.45% | 35% | 68.63% | 28.04% | 25.74% | 37.5% |