Travel + Leisure Co. (TNL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
TNL Revenue Growth
Revenue Breakdown (FY 2025)
TNL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TNL Revenue Analysis (2014–2025)
As of May 7, 2026, Travel + Leisure Co. (TNL) generated trailing twelve-month (TTM) revenue of $4.05 billion, reflecting modest growth of +2.9% year-over-year. The most recent quarter (Q1 2026) recorded $961.0 million in revenue, down 6.3% sequentially.
Looking at the longer-term picture, TNL's 5-year compound annual growth rate (CAGR) stands at +13.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $5.60 billion in 2016.
Revenue diversification analysis shows TNL's business is primarily driven by Vacation Ownership (84%), and Travel and Membership (16%). With over half of revenue concentrated in Vacation Ownership, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including VAC (-6.7% YoY), HGV (+4.2% YoY), and MAR (-14.4% YoY), TNL has underperformed the peer group in terms of revenue growth. Compare TNL vs VAC →
TNL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TNLCurrent | $4.0B | +2.9% | +13.2% | 17.8% | |
 VAC | $5.0B | -6.7% | +11.8% | 11.0% | |
 HGV | $5.0B | +4.2% | +41.4% | 11.1% | |
 MAR | $26.2B | -14.4% | +19.9% | 15.8% | |
 HLT | $12.0B | +8.7% | +22.8% | 22.4% | |
 H | $7.2B | +93.6% | +55.8% | 7.8% |
TNL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.02B | +4.1% | $1.09B | 27.2% | $717.0M | 17.8% |
| 2024 | $3.86B | +3.0% | $1.89B | 49.0% | $733.0M | 19.0% |
| 2023 | $3.75B | +5.1% | $1.82B | 48.6% | $720.0M | 19.2% |
| 2022 | $3.57B | +13.8% | $1.73B | 48.4% | $653.0M | 18.3% |
| 2021 | $3.13B | +45.1% | $1.57B | 50.1% | $618.0M | 19.7% |
| 2020 | $2.16B | -46.6% | $932.0M | 43.1% | $-105,000,000 | -4.9% |
| 2019 | $4.04B | +2.8% | $2.10B | 52.0% | $812.0M | 20.1% |
| 2018 | $3.93B | -22.6% | $2.02B | 51.3% | $523.0M | 13.3% |
| 2017 | $5.08B | -9.3% | $1.95B | 38.3% | $439.0M | 8.6% |
| 2016 | $5.60B | +1.1% | $1.86B | 33.3% | $658.0M | 11.8% |
See TNL's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs TNL Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare TNL vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonTNL — Frequently Asked Questions
Quick answers to the most common questions about buying TNL stock.
Is TNL's revenue growth accelerating or slowing?
TNL revenue growth slowed to +2.9%, below the 5-year CAGR of +13.2%. TTM revenue is $4.0B. The deceleration marks a shift from historical growth rates.
What is TNL's long-term revenue growth rate?
Travel + Leisure Co.'s 5-year revenue CAGR of +13.2% reflects the variable expansion pattern. Current YoY growth of +2.9% is near this long-term average.
How is TNL's revenue distributed by segment?
TNL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.