v3.26.1
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenues        
Net revenues $ 1,063 $ 1,018 $ 2,024 $ 1,951
Expenses        
Operating 457 457 898 902
Marketing 172 152 314 276
General and administrative 130 116 253 236
Consumer financing interest 33 34 65 68
Depreciation and amortization 32 31 64 61
Cost of vacation ownership interests 29 21 63 45
Restructuring 0 0 (2) 0
Asset impairments, net 0 1 0 1
Total expenses 853 812 1,655 1,589
Operating income 210 206 369 362
Interest expense 59 [1] 57 115 [2] 115
Other (income), net (2) (1) (4) (2)
Interest (income) (2) (2) (5) (4)
Income before income taxes 155 152 263 253
Provision for income taxes 46 44 75 72
Net income attributable to Travel + Leisure Co. shareholders $ 109 $ 108 $ 188 $ 181
Basic earnings per share        
Basic earnings per share [3] $ 1.75 $ 1.63 $ 3.00 $ 2.71
Diluted earnings per share        
Diluted earnings per share [3] $ 1.72 $ 1.62 $ 2.94 $ 2.68
Vacation ownership interest sales        
Net revenues        
Net revenues $ 524 $ 474 $ 951 $ 858
Service and membership fees        
Net revenues        
Net revenues 396 407 792 823
Consumer financing        
Net revenues        
Net revenues 113 112 226 224
Other        
Net revenues        
Net revenues $ 30 $ 25 $ 55 $ 46
[1] Includes $2 million of debt modification costs associated with the refinancing of the $650 million 6.625% secured notes which were due July 2026.
[2] Includes $2 million of debt modification costs associated with the refinancing of the $650 million 6.625% secured notes which were due July 2026.
[3] Earnings per share amounts are calculated using whole numbers.

Source

10-Q XBRL Zip