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Travel & Leisure Co. (TNL) stock

TNLNYSEHotels & MotelsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 6/3013% above fair value
$78.24−1.81 (-2.26%)

Close on Nov 12, 2026Market cap $4.71BP/E 20.8Yield 2.86%

Travel & Leisure Co. grew revenue 4.6% to $4.15B over the twelve months to Sep 30, 2026. Operating income fell 30.8% to $541.00M, moving the operating margin from 19.7% to 13.0%. Free cash flow was $417.00M, down 17.6% from a year earlier. At the latest close the market valued the company at $4.71B, 20.8 times its earnings.

Revenue
$4.15B
+4.6% vs. a year earlier
Operating income
$541.00M
-30.8% vs. a year earlier
Free cash flow
$417.00M
-17.6% vs. a year earlier
EPS, diluted
$3.76
-38.0% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$4.71B
P/E ratio
20.8
Price to sales
1.14
Price to book
–
Dividend yield
2.86%
Free cash flow yield
8.85%

Fundamentals

Revenue
$4.15B
Net income
$235.00M
EPS, diluted
$3.76
Free cash flow
$417.00M
Book value per share
-$16.09
Diluted shares
63M

Trading

Next earnings
Feb 17, 2027 (estimated, before the open)
Previous close
$80.05
Open
$80.40
Day's range
$78.10 – $80.97
Volume
560,054
Average volume (20 days)
952,180
Index membership
S&P MidCap 400 (since Feb 2021), Russell 1000 (since Mar 2021), Russell 3000 (since Feb 2021)
Beta (5 years)
1.18
52-week range
$60.34 – $81.00
RSI (14 days)
68.1
Volatility (1 year)
33.5%
Relative volume
0.72×
WACC
10.8%

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Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodTNLS&P 500DifferenceTNL per yearS&P 500 per year
1 month+26.1%-2.7%+28.8 pts
3 months+5.7%-1.7%+7.5 pts
Year to date+13.8%+11.9%+2.0 pts
1 year+25.1%+12.0%+13.1 pts
3 years+153.9%+78.2%+75.7 pts+36.4%+21.2%
5 years+72.1%+73.2%−1.2 pts+11.5%+11.6%
10 years+261.9%+309.6%−47.7 pts+13.7%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$4.15B+4.6% YoY

Gross profit

$3.85B-1.3% YoY

Operating income

$541.00M-30.8% YoY

Net income

$235.00M-42.8% YoY

EPS, diluted

$3.76-38.0% YoY

Free cash flow

$417.00M-17.6% YoY
Reported periodTrailing twelve months

Press releases

Releases Travel & Leisure filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Travel & Leisure

Hotels & Motels

Travel + Leisure Co. provides leisure travel services and vacation experiences through two primary reportable segments: Vacation Ownership, and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests under brands such as Club Wyndham, WorldMark, Margaritaville Vacation Club, and Accor Vacation Club, while providing consumer financing and property management services. The Travel and Membership segment encompasses exchange networks, led by RCI, as well as travel clubs like Travel + Leisure GO and business-to-business private-label solutions. The company serves individual timeshare owners, exchange members, closed user groups, and commercial partners.

Company profile, executives and history

Travel & Leisure stock: common questions

What is Travel & Leisure's stock price?

TNL closed at $78.24 on Nov 12, 2026, down 2.26% on the day. Over the past 52 weeks it traded between $60.34 and $81.00.

What is Travel & Leisure's market cap?

Travel & Leisure was worth $4.71B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is TNL's P/E ratio?

TNL trades at 20.8 times earnings, based on diluted earnings per share of $3.76 over the twelve months to Sep 30, 2026.

How much revenue does Travel & Leisure make?

Travel & Leisure reported revenue of $4.15B for the twelve months to Sep 30, 2026, up 4.6% from a year earlier.

Does Travel & Leisure pay a dividend?

Yes. Travel & Leisure paid $2.24 per share over the last twelve months, a yield of 2.86% at the latest price, and has raised its annual dividend 4 years in a row.

When does Travel & Leisure report earnings next?

Travel & Leisure is expected to report Q4 FY2026 results on Feb 17, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has TNL stock performed over the past year?

Including dividends, TNL returned +25.1% over the past year, against +12.0% for the S&P 500.

How many TNL shares are sold short?

7M shares were sold short at the latest FINRA report, 11.10% of the float, or 7.1 days of average trading volume.

Who are Travel & Leisure's competitors?

Companies most similar to Travel & Leisure by business, industry and size include IHG, H, WH, HGV, HLT.

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