Fourth Quarter 2025 Earnings Conference Call

February 18, 2026

Investors

WE PUT THE WORLD ON VACATION

Travel + Leisure Co. (NYSE:TNL) is a leading global vacation company, delivering more than six million

getaways each year through a broad portfolio of trusted brands.

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Latest Financial Results

Full Year Highlights

Net revenue of $4.02 billion. Gross VOI sales of $2.49 billion, up 8% year-over-year, including 6% VPG growth and 3% Tour growth
Net income of $230 million (diluted EPS of $3.44), inclusive of $216 million in inventory write-downs and impairments related to the Resort Optimization Initiative
Adjusted EBITDA of $990 million and Adjusted diluted EPS of $6.34
Net cash provided by operating activities of $640 million and Adjusted free cash flow of $516 million

For complete information regarding our financials, see our SEC filings

FY 2025

Fiscal Year Ended December 31, 2025

Earnings Release

Earnings Webcast

Earnings Infographic

Historical Results

10-K XBRL Zip

Q4 2025 Earnings Video

Latest Annual Filings

For Fiscal Year Ending December 31, 2025

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For Fiscal Year Ending December 31, 2024

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For Fiscal Year Ending December 31, 2023

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Latest News

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Mar 5, 2026 • 9:00am EST

Travel + Leisure Co. Recognized by Gallup as an Exceptional Workplace for Fourth Consecutive Year

Feb 18, 2026 • 6:30am EST

Travel + Leisure Co. Reports Fourth Quarter and Full-Year 2025 Results and Provides 2026 Outlook

Feb 10, 2026 • 2:00pm EST

Travel + Leisure Co. Named to Forbes America’s Best Large Employers List

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Latest Presentation

March 9, 2026 Travel + Leisure Investor Presentation March 2026 View Presentation

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Recent Event

February 18, 2026 8:30 am EST Fourth Quarter 2025 Earnings Conference Call View Event

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We Bring Vacations Full Circle

We are proud of our ability to positively impact the leisure travel industry through responsible tourism, as we deliver on our environmental, social, and governance strategy. We bring out the best in people and places around the globe.