Travel & Leisure › Financials
Travel & Leisure financials
TNLTen years from Travel & Leisure’s own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.69B | $3.81B | $3.93B | $4.04B | $2.16B | $3.13B | $3.57B | $3.75B | $3.86B | $4.02B | $4.09B | — |
| Operating income | $658.0M | $439.0M | $523.0M | $812.0M | −$105.0M | $618.0M | $653.0M | $720.0M | $733.0M | $553.0M | $560.0M | — |
| Net income | $611.0M | $854.0M | $672.0M | $507.0M | −$255.0M | $308.0M | $357.0M | $396.0M | $411.0M | $230.0M | $237.0M | — |
| Earnings per share, diluted | $5.52 | $8.24 | $6.77 | $5.48 | −$2.97 | $3.52 | $4.24 | $5.28 | $5.82 | $3.44 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $185.0M | $100.0M | $218.0M | $355.0M | $1.20B | $369.0M | $550.0M | $282.0M | $167.0M | $253.0M | — | $282.0M |
| Total assets | $9.82B | $10.40B | $7.16B | $7.45B | $7.61B | $6.59B | $6.76B | $6.74B | $6.74B | $6.76B | — | $6.90B |
| Debt | $3.37B | $3.91B | $2.37B | $5.58B | $6.42B | $5.31B | $5.64B | $5.65B | $5.59B | $5.60B | — | $5.71B |
| Total liabilities | $9.10B | $9.52B | $7.73B | $7.98B | $8.58B | $7.38B | $7.66B | $7.66B | $7.62B | $7.74B | — | $7.92B |
| Shareholders' equity | $714.0M | $878.0M | −$574.0M | −$530.0M | −$975.0M | −$801.0M | −$913.0M | −$918.0M | −$881.0M | −$981.0M | — | −$1.02B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $963.0M | $986.0M | $442.0M | $452.0M | $374.0M | $568.0M | $442.0M | $350.0M | $464.0M | $640.0M | $545.0M | — |
| Capital spending | $117.0M | $107.0M | $99.0M | $108.0M | $69.0M | $57.0M | $52.0M | $74.0M | $81.0M | $117.0M | $103.0M | — |
| Free cash flow | $846.0M | $879.0M | $343.0M | $344.0M | $305.0M | $511.0M | $390.0M | $276.0M | $383.0M | $523.0M | $442.0M | — |
| Buybacks | $619.0M | $599.0M | $330.0M | $340.0M | $128.0M | $25.0M | $351.0M | $309.0M | $234.0M | $301.0M | $336.0M | — |
| Dividends | $223.0M | $242.0M | $194.0M | $166.0M | $138.0M | $109.0M | $135.0M | $136.0M | $142.0M | $149.0M | $149.0M | — |
| Returned to shareholders | $842.0M | $841.0M | $524.0M | $506.0M | $266.0M | $134.0M | $486.0M | $445.0M | $376.0M | $450.0M | $485.0M | — |
| Stock-based pay | $57.0M | $59.0M | $129.0M | $24.0M | $20.0M | $32.0M | $45.0M | $38.0M | $41.0M | $57.0M | $59.0M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Travel & Leisure financials, answered
What is Travel & Leisure's market cap?
$3.95B at $64.59 a share, with 61,204,232 shares outstanding as of Jun 30, 2026, from the cover of its latest SEC filing.
How much does Travel & Leisure earn?
Revenue of $4.09B and net income of $237.0M in the last 12 months to Jun 2026.
How much debt does Travel & Leisure have?
Travel & Leisure reported $5.71B of debt and $282.0M of cash and equivalents on its balance sheet in Jun 2026.
Does Travel & Leisure make free cash flow?
Yes. Operating cash flow minus capital spending was $442.0M in the last 12 months to Jun 2026.
How much cash does Travel & Leisure return to shareholders?
$450.0M in buybacks and dividends in fiscal 2025, from the cash flow statement.