Travel & Leisure Co.

For the period ended Jun 30, 2025. Filed Jul 23, 2025.

About this filing

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.

Jun 30, 2025 · Filed Jul 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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Contents

Condensed Consolidated Statements of Income

(In millions, except per share amounts)

Three Months Ended · Six Months Ended
	June 30,		June 30,
	2025	2024	2025	2024
Net revenues
Vacation ownership interest sales	$474	$441	$858	$810
Service and membership fees	407	413	823	832
Consumer financing	112	111	224	221
Other	25	20	46	37
Net revenues	1,018	985	1,951	1,900
Expenses
Operating	457	442	902	880
Marketing	152	144	276	265
General and administrative	116	128	236	239
Consumer financing interest	34	33	68	66
Depreciation and amortization	31	28	61	56
Cost of vacation ownership interests	21	21	45	55
Asset impairments, net	1	—	1	—
Total expenses	812	796	1,589	1,561
Operating income	206	189	362	339
Interest expense	57	63	115	127
Other (income), net	(1)	(4)	(2)	(5)
Interest (income)	(2)	(3)	(4)	(8)
Income before income taxes	152	133	253	225
Provision for income taxes	44	36	72	62
Net income from continuing operations	108	97	181	163
Gain on disposal of discontinued business, net of income taxes	—	32	—	32
Net income attributable to Travel + Leisure Co. shareholders	$108	$129	$181	$195
Basic earnings per share
Continuing operations	$1.63	$1.36	$2.71	$2.29
Discontinued operations	—	0.46	—	0.45
	$1.63	$1.82	$2.71	$2.74
Diluted earnings per share
Continuing operations	$1.62	$1.36	$2.68	$2.28
Discontinued operations	—	0.45	—	0.45
	$1.62	$1.81	$2.68	$2.73

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.