Travel + Leisure (NYSE:TNL) Issues Earnings Results

Posted by Geri Gentry on Oct 27th, 2026

Travel + Leisure (NYSE:TNL – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.16, FiscalAI reports. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $1.80 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year.

Here are the key takeaways from Travel + Leisure’s conference call:

Positive Sentiment: Travel + Leisure reported strong third-quarter results, with revenue up 5%, EBITDA up 6%, net income up 16%, and EPS up 23% to $2.21. Management raised the midpoint of full-year gross VOI sales and EBITDA guidance and increased its EPS outlook.
Positive Sentiment: The Yes& Vacations and Spinnaker Resorts acquisitions contributed approximately $21 million of gross VOI sales and $7 million of EBITDA in the quarter. Management expects cost synergies within 12 months and sees substantial upside from introducing Club Wyndham points and increasing upgrade activity across the acquired owner base.
Positive Sentiment: Consumer credit trends continued to improve, with lower delinquencies and defaults, strong new-loan credit quality, and a reduced full-year loan-loss provision outlook of approximately 20% versus 21% previously. Management expects further improvement in 2027.
Positive Sentiment: The multi-brand strategy is expanding the company’s customer reach, with Margaritaville on pace for more than $175 million in annual gross VOI sales and Accor approaching $50 million in its third year. Sports Illustrated, Eddie Bauer, and other brands are viewed as longer-term sources of new-owner growth.
Negative Sentiment: Travel and Membership remains under pressure from declining exchange transaction activity as members increasingly stay within their clubs, despite a stable affiliate-member base. The company implemented a cost program affecting roughly 300 employees and expects approximately $16 million in annualized savings, with most benefits realized in 2027.

Travel + Leisure Trading Down 2.0%

TNL stock traded down $1.29 during midday trading on Tuesday, hitting $64.33. The company had a trading volume of 161,518 shares, compared to its average volume of 744,587. Travel + Leisure has a 52 week low of $60.34 and a 52 week high of $81.00. The stock’s 50 day moving average price is $66.05 and its 200 day moving average price is $70.58. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 0.66 and a beta of 1.19.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 16th. Travel + Leisure’s payout ratio is 65.57%.

Insider Activity

In other news, CAO Thomas Michael Duncan sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the transaction, the chief accounting officer owned 5,307 shares in the company, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.01% of the company’s stock.

Wall Street Analysts Forecast Growth

TNL has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $87.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research note on Monday, October 19th. JPMorgan Chase & Co. assumed coverage on shares of Travel + Leisure in a research report on Thursday, October 8th. They set a “neutral” rating and a $70.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Barclays boosted their price objective on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Check Out Our Latest Report on Travel + Leisure

Travel + Leisure Company Profile

(Get Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.