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TNL (Travel + Leisure Co.) Stock Financials & Earnings | Market Cap Arena
TNL
Travel + Leisure Co.
Mkt Cap
$4B
Consumer Cyclical
·
Travel Services
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$4.0B
Net Income (TTM)
$231M
EPS (TTM)
$3.41
Free Cash Flow (TTM)
$818M
Gross Margin
41.3%
Op. Margin
15.3%
Net Margin
5.7%
FCF Margin
20.3%
P/S Ratio (TTM)
1.1x
P/E Ratio (TTM)
19.3x
YoY Rev Growth
+4.1%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$879M
$404M
$138M
Q2 23
$949M
$462M
$183M
Q3 23
$986M
$486M
$207M
Q4 23
$936M
$470M
$191M
Q1 24
$916M
$411M
$150M
Q2 24
$985M
$489M
$189M
Q3 24
$993M
$497M
$189M
Q4 24
$971M
$496M
$206M
Q1 25
$934M
$432M
$156M
Q2 25
$1.0B
$506M
$206M
Q3 25
$1.0B
$576M
$214M
Q4 25
$1.0B
$148M
$39M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
1.2x
12.0x
Q2 23
1.2x
12.2x
Q3 23
1.2x
12.4x
Q4 23
1.2x
11.2x
Q1 24
1.2x
11.2x
Q2 24
1.2x
10.3x
Q3 24
1.2x
10.6x
Q4 24
1.2x
10.8x
Q1 25
1.1x
10.7x
Q2 25
1.1x
11.2x
Q3 25
1.1x
10.8x
Q4 25
1.1x
19.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$7M
-$5M
Q2 23
$103M
$87M
Q3 23
$88M
$74M
Q4 23
$152M
$120M
Q1 24
$47M
$30M
Q2 24
$174M
$153M
Q3 24
$145M
$125M
Q4 24
$98M
$75M
Q1 25
$121M
$100M
Q2 25
$232M
$195M
Q3 25
$516M
$431M
Q4 25
$124M
$92M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$12M
Q2 23
$16M
Q3 23
$14M
Q4 23
$32M
Q1 24
$17M
Q2 24
$21M
Q3 24
$20M
Q4 24
$23M
Q1 25
$21M
Q2 25
$37M
Q3 25
$85M
Q4 25
$32M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+8.7%
+7.1%
Q2 23
+2.9%
+3.9%
Q3 23
+5.2%
+4.1%
Q4 23
+4.1%
+1.1%
Q1 24
+4.2%
+3.4%
Q2 24
+3.8%
+3.9%
Q3 24
+0.7%
+3.2%
Q4 24
+3.7%
+2.7%
Q1 25
+2.0%
+1.6%
Q2 25
+3.4%
+2.0%
Q3 25
+5.1%
+3.2%
Q4 25
+5.7%
+29.0%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$10M
1.1%
Q2 23
$12M
1.3%
Q3 23
$9M
0.9%
Q4 23
$7M
0.7%
Q1 24
$9M
1.0%
Q2 24
$11M
1.1%
Q3 24
$9M
0.9%
Q4 24
$12M
1.2%
Q1 25
$14M
1.5%
Q2 25
$12M
1.2%
Q3 25
$38M
3.6%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$124M
$112M
Q2 23
$114M
$127M
Q3 23
$108M
$141M
Q4 23
$107M
$128M
Q1 24
$112M
$121M
Q2 24
$128M
$144M
Q3 24
$111M
$152M
Q4 24
$125M
$133M
Q1 25
$122M
$124M
Q2 25
$116M
$152M
Q3 25
$122M
$162M
Q4 25
$138M
$147M
marketcaparena.com
Revenue Segments
Travel and Membership
Vacation Ownership
Quarter
Travel and Membership
Vacation Ownership
Q1 23
$200M
$685M
Q2 23
$179M
$768M
Q3 23
$174M
$812M
Q4 23
$158M
$776M
Q1 24
$193M
$725M
Q2 24
$177M
$807M
Q3 24
$168M
$825M
Q4 24
$157M
$814M
Q1 25
$180M
$755M
Q2 25
$166M
$853M
Q3 25
$169M
$876M
Q4 25
$147M
$877M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$196M
$0
$196M
Q2 23
$214M
$0
$214M
Q3 23
$238M
$0
$238M
Q4 23
$282M
$14M
$296M
Q1 24
$479M
$0
$479M
Q2 24
$166M
$0
$166M
Q3 24
$194M
$0
$194M
Q4 24
$167M
$17M
$184M
Q1 25
$188M
$0
$188M
Q2 25
$212M
$0
$212M
Q3 25
$240M
$0
$240M
Q4 25
$253M
$0
$253M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
78M
-2.7%
Q2 23
76M
-3.6%
Q3 23
74M
-2.5%
Q4 23
73M
-1.2%
Q1 24
72M
-1.0%
Q2 24
71M
-1.4%
Q3 24
70M
-1.1%
Q4 24
69M
-1.4%
Q1 25
68M
-1.4%
Q2 25
67M
-2.5%
Q3 25
67M
+0.0%
Q4 25
64M
-3.6%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$154K
34K
FY 15
$147K
38K
FY 16
$148K
38K
FY 17
$129K
39K
FY 18
$160K
25K
FY 19
$180K
23K
FY 20
$408K
5K
FY 21
$222K
14K
FY 22
$196K
18K
FY 23
$197K
19K
FY 24
$13M
300
FY 25
$16M
250
marketcaparena.com