Travel & Leisure Co.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $4.0B | $3.9B | $3.8B | $3.6B | $3.1B |
| Cost of revenue | $273.0M | $92.0M | $133.0M | $157.0M | $157.0M |
| Operating income | $553.0M | $733.0M | $720.0M | $653.0M | $618.0M |
| Interest expense | — | — | $251.0M | $195.0M | $198.0M |
| Pretax income | $337.0M | $513.0M | $485.0M | $486.0M | $429.0M |
| Income tax expense | $107.0M | $135.0M | $94.0M | $130.0M | $116.0M |
| Net income | $230.0M | $411.0M | $396.0M | $357.0M | $308.0M |
| Balance Sheet | |||||
| Cash and equivalents | $253.0M | $167.0M | $282.0M | $550.0M | $369.0M |
| Total assets | $6.8B | $6.7B | $6.7B | $6.8B | $6.6B |
| Total liabilities | $7.7B | $7.6B | $7.7B | $7.7B | $7.4B |
| Total debt | $3.5B | $3.5B | $3.6B | $3.7B | $3.4B |
| Stockholders' equity | -$981.0M | -$881.0M | -$918.0M | -$913.0M | -$801.0M |
| Cash Flow Statement | |||||
| Cash from operations | $640.0M | $464.0M | $350.0M | $442.0M | $568.0M |
| Depreciation and amortization | $124.0M | $115.0M | $112.0M | $119.0M | $124.0M |
| Stock-based compensation | $57.0M | $41.0M | $38.0M | $45.0M | $32.0M |
| Capital expenditure | $117.0M | $81.0M | $74.0M | $52.0M | $57.0M |
| Free cash flow | $523.0M | $383.0M | $276.0M | $390.0M | $511.0M |
| Dividends paid | $149.0M | $142.0M | $136.0M | $135.0M | $109.0M |
| Share repurchases | $301.0M | $234.0M | $309.0M | $351.0M | $25.0M |
| Impairments | $10.0M | $3.0M | $0 | $10.0M | $5.0M |
Shares outstanding 62.4M · Free float 95.9%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.