Travel + Leisure posts 2025 results, boosts 2026 outlook
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Travel + Leisure Co ( (TNL) ) has provided an announcement.
Travel + Leisure Co. reported its fourth quarter and full-year 2025 results on February 18, 2026, posting 2025 net revenue of $4.02 billion and net income of $230 million, despite $216 million in inventory write-downs tied to a Resort Optimization Initiative. Vacation Ownership drove 8% growth in full-year Gross VOI sales to $2.49 billion and margin improvement, while the Travel and Membership segment saw revenue and Adjusted EBITDA declines amid lower revenue per transaction and a mix shift toward lower-margin travel club activity.
For the fourth quarter of 2025, the company generated net revenue of $1.03 billion but recorded a net loss of $61 million due to $210 million of impairments related to resort optimization, even as Adjusted EBITDA rose to $272 million. Management exceeded its 2025 outlook, strengthened liquidity to $1.15 billion, refinanced term debt at a lower interest rate, executed $300 million of share repurchases and $149 million of dividends for the year, and outlined 2026 guidance that calls for higher Adjusted EBITDA, continued VOI sales growth, and a positive financial impact from the Resort Optimization Initiative alongside a new $750 million share buyback authorization and a planned dividend increase.
The most recent analyst rating on (TNL) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Travel + Leisure Co stock, see the TNL Stock Forecast page.
Spark’s Take on TNL Stock
According to Spark, TipRanks’ AI Analyst, TNL is a Outperform.
Travel + Leisure Co’s overall stock score is driven by strong technical indicators and attractive valuation, supported by positive earnings call sentiment. However, the financial performance is mixed, with significant leverage concerns on the balance sheet. Recent corporate events positively impact the score by enhancing financial flexibility.
To see Spark’s full report on TNL stock, click here.
More about Travel + Leisure Co
Travel + Leisure Co., listed on the NYSE under the ticker TNL, is a leading leisure travel company focused on vacation ownership and related travel and membership services. Its core Vacation Ownership segment generates the majority of revenue through vacation ownership interest (VOI) sales, while its Travel and Membership business provides travel clubs and related services, with a focus on delivering recurring fee-based income and enhancing owner experiences across its resort portfolio.
Average Trading Volume: 570,546
Technical Sentiment Signal: Buy
Current Market Cap: $4.56B
For an in-depth examination of TNL stock, go to TipRanks’ Overview page.
