Travel + Leisure financials
$61.87−3.30%
Close Sep 30, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $4.02B | $3.86B | $3.75B | $3.57B | $3.13B |
| Gross profit | $3.75B | $3.77B | $3.62B | $3.41B | $2.90B |
| Gross margin | 93.2% | 97.6% | 96.5% | 95.6% | 92.4% |
| Operating income | $688.0M | $869.0M | $834.0M | $732.0M | $618.0M |
| Net income | $230.0M | $411.0M | $396.0M | $357.0M | $308.0M |
| Net margin | 5.7% | 10.6% | 10.6% | 10.0% | 9.8% |
| Diluted EPS | $3.44 | $5.82 | $5.28 | $4.24 | $3.52 |
| EBITDA | $841.0M | $1.00B | $972.0M | $877.0M | $740.0M |
| Operating cash flow | $640.0M | $464.0M | $350.0M | $442.0M | $568.0M |
| Free cash flow | $523.0M | $383.0M | $276.0M | $390.0M | $511.0M |
| Diluted shares | 66.9M | 70.7M | 75.0M | 84.2M | 87.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $253.0M | $167.0M | $282.0M | $550.0M | $369.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $5.60B | $5.59B | $5.65B | $5.64B | $5.31B |
| Total assets | $6.76B | $6.74B | $6.74B | $6.76B | $6.59B |
| Total liabilities | $7.74B | $7.62B | $7.66B | $7.66B | $7.38B |
| Shareholders' equity | -$982.0M | -$880.0M | -$917.0M | -$904.0M | -$794.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology