Travel & Leisure Co.
For the period ended Mar 31, 2025. Filed Apr 23, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 23, 2025
TNL$80.35+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
(In millions, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Net revenues | ||
| Service and membership fees | $417 | $419 |
| Vacation ownership interest sales | 384 | 369 |
| Consumer financing | 112 | 110 |
| Other | 21 | 18 |
| Net revenues | 934 | 916 |
| Expenses | ||
| Operating | 445 | 438 |
| Marketing | 124 | 121 |
| General and administrative | 122 | 112 |
| Consumer financing interest | 34 | 33 |
| Depreciation and amortization | 30 | 28 |
| Cost of vacation ownership interests | 23 | 34 |
| Total expenses | 778 | 766 |
| Operating income | 156 | 150 |
| Interest expense | 57 | 64 |
| Other (income), net | (1) | (2) |
| Interest (income) | (1) | (4) |
| Income before income taxes | 101 | 92 |
| Provision for income taxes | 28 | 26 |
| Net income attributable to Travel + Leisure Co. shareholders | $73 | $66 |
| Earnings per share | ||
| Basic | $1.09 | $0.93 |
| Diluted | $1.07 | $0.92 |
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