Travel + Leisure Co. Delivers Strong Q2 2026 Results and Lifts Full-Year Outlook

summarizeSummary

Travel + Leisure Co. reported Q2 2026 revenue of $1.06 billion and raised its full-year Adjusted EBITDA outlook, supported by strong vacation ownership sales and strategic acquisitions.

check_boxKey Events · Earnings and Guidance · TNL

• Q2 2026 Earnings Beat

  Net revenue reached $1.06 billion (up 4% YoY), net income came in at $109 million ($1.72 diluted EPS), and Adjusted EBITDA hit $269 million (up 8% YoY). Adjusted diluted EPS of $1.88 rose 14%.

• Full-Year Guidance Raised

  Management increased 2026 Adjusted EBITDA guidance to $1,065–$1,085 million, up from the prior range, reflecting confidence in vacation ownership demand and cost savings.

• Vacation Ownership Strength

  Gross VOI sales grew 6% to $693 million, with VPG up 2% to $3,318. Segment Adjusted EBITDA rose 13% to $247 million, driven by higher sales and resort optimization savings.

• Shareholder Returns

  Repurchased 1.2 million shares for $88 million at an average price of $69.50 in Q2, with $745 million remaining under authorization. Paid $37 million in dividends ($0.60/share).

auto_awesomeAnalysis · TNL · Real Estate & Construction

A solid second quarter saw revenue climb 4% and Adjusted EBITDA rise 8%, powered by the Vacation Ownership segment. Reflecting confidence in sustained demand, management raised full-year Adjusted EBITDA guidance to $1,065–$1,085 million. The period also featured $88 million in share buybacks and the completion of a $900 million debt refinancing that lowers interest costs. Adding to the growth story, the recently announced $343 million acquisitions of Yes& Vacations and Spinnaker Resorts bring over 100,000 new owners and broaden the company's leisure footprint.