Travel & Leisure Co. income statement

In fiscal 2025, Travel & Leisure Co. reported revenue of $4.02bn, up 4.1% on the year before, operating income of $553m (a 13.8% margin) and net income of $230m, or $3.44 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Travel & Leisure Co.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	3,750	3,851	4,254	4,534	5,009	5,281	4,878	3,692	3,806	3,931	4,043	2,160	3,134	3,567	3,750	3,864	4,021	4,150
Cost of revenue	—	—	—	—	—	—	—	—	150	183	186	2	157	157	133	92	273	301
Gross profit	—	—	—	—	—	—	—	—	3,656	3,748	3,857	2,158	2,977	3,410	3,617	3,772	3,748	3,849
General and administrative	533	540	593	666	720	755	685	568	580	513	491	398	434	479	454	475	498	515
Operating income	594	718	767	852	910	941	935	658	439	523	812	−105	618	653	720	733	553	541
Interest expense	114	137	140	132	131	113	122	133	155	170	162	192	198	195	251	249	232	228
Provision for credit losses	449	340	339	409	349	260	248	342	420	456	479	415	129	302	348	432	484	508
Income before tax	493	563	650	628	683	845	837	542	318	396	680	−276	429	486	485	513	337	336
Income tax	200	184	233	229	250	316	285	190	−328	130	191	−23	116	130	94	135	107	101
Net income	293	379	417	400	432	529	612	611	854	672	507	−255	308	357	396	411	230	235
Diluted EPS	$1.61	$2.05	$2.51	$2.75	$3.21	$4.18	$5.14	$5.52	$8.24	$6.77	$5.48	−$2.97	$3.52	$4.24	$5.28	$5.82	$3.44	$3.65
Diluted shares (average)	182m	185m	166m	145m	135m	127m	119m	111m	104m	99m	92m	86m	87m	84m	75m	71m	67m	64m
EBITDA	744	863	913	1,006	1,090	1,137	1,092	830	575	661	933	21	742	772	832	848	677	672

US$ millions unless shown otherwise. Fiscal quarters.

Travel & Leisure Co.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	971	934	1,018	1,044	1,025	961	1,063	1,101
Cost of revenue	10	23	21	13	215	35	29	22
Gross profit	961	911	997	1,031	810	926	1,034	1,079
General and administrative	125	122	116	122	139	121	130	125
Operating income	206	156	206	214	−23	159	210	195
Interest expense	60	57	57	60	57	56	59	56
Provision for credit losses	116	91	128	146	119	100	141	148
Income before tax	157	101	152	158	−73	108	155	146
Income tax	39	28	44	47	−12	29	46	38
Net income	119	73	108	111	−61	79	109	108
Diluted EPS	$1.71	$1.07	$1.62	$1.67	−$0.91	$1.22	$1.72	$1.73
EBITDA	235	186	237	245	9	191	242	230

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Travel & Leisure Co.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Travel & Leisure Co.