v3.26.1
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net revenues    
Net revenues $ 961 $ 934
Expenses    
Operating 441 445
Marketing 142 124
General and administrative 121 122
Consumer financing interest 33 34
Depreciation and amortization 32 30
Cost of vacation ownership interests 35 23
Restructuring (2) 0
Total expenses 802 778
Operating income 159 156
Interest expense 56 57
Interest (income) (2) (1)
Other (income), net (3) (1)
Income before income taxes 108 101
Provision for income taxes 29 28
Net income attributable to Travel + Leisure Co. shareholders $ 79 $ 73
Basic earnings per share    
Basic earnings per share [1] $ 1.25 $ 1.09
Diluted earnings per share    
Diluted earnings per share [1] $ 1.22 $ 1.07
Vacation ownership interest sales    
Net revenues    
Net revenues $ 427 $ 384
Service and membership fees    
Net revenues    
Net revenues 396 417
Consumer financing    
Net revenues    
Net revenues 113 112
Other    
Net revenues    
Net revenues $ 25 $ 21
[1] Earnings per share amounts are calculated using whole numbers.

Source