Travel + Leisure
Operates vacation clubs, exchange networks and travel memberships through a multi-brand portfolio.
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Profile
Sells vacation-ownership interests and earns related financing and resort-management fees through Club Wyndham and other vacation-club brands. Its Travel and Membership segment operates exchange and travel-club offerings, extending the business beyond ownership.
Builds its Vacation Ownership business around Club Wyndham and other vacation-club brands, including WorldMark and Accor Vacation Club. It develops, markets and sells vacation-ownership interests, finances related purchases, and provides resort-management services. Vacation-club resorts span hundreds of locations, and the workforce is global with most associates in the United States.
Travel and Membership comprises Exchange and Travel Club, adding vacation exchange and member-oriented travel products. The multi-brand strategy depends on developing, marketing and partnering around newer offerings that require people and resources beyond established timeshare and exchange businesses. The separately listed Wyndham Hotels & Resorts is not part of this company’s operations.
Company facts
Categories
Key statistics
Year to date −1.1% · Average volume (30d) 764.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 18, 2026 | Morgan Stanley | Reiterate | Overweight | $78 | $85 |
| Aug 18, 2026 | Susquehanna | Initiate | Positive | ||
| Jul 23, 2026 | Barclays | Reiterate | Equal Weight | $74 | $77 |
| Jun 1, 2026 | Goldman Sachs | Target | $81 | $85 | |
| May 12, 2026 | Morgan Stanley | Reiterate | Overweight | $80 | $78 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $1.88 | $1.88 | 0.0% | $1.04B | $1.06B | +2.0% | −2.84% |
| Apr 22, 2026Q1 FY26 | $1.31 | $1.45 | +10.7% | $954.9M | $961.0M | +0.6% | −0.97% |
| Feb 18, 2026Q4 FY25 | $1.83 | $1.83 | 0.0% | $1.00B | $1.03B | +2.6% | +0.04% |
| Oct 22, 2025Q3 FY25 | $1.72 | $1.80 | +4.7% | $1.00B | $1.04B | +4.4% | −6.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $934.0M | $1.02B | $1.04B | $1.03B | $961.0M | $1.06B | |
| Gross profit | $432.0M | $506.0M | $576.0M | $148.0M | $520.0M | $606.0M | |
| Operating income | $156.0M | $206.0M | $214.0M | $39.0M | $159.0M | $210.0M | |
| Net income | $73.0M | $108.0M | $111.0M | −$61.0M | $79.0M | $109.0M | |
| Diluted EPS | $1.07 | $1.62 | $1.67 | −$0.95 | $1.22 | $1.72 | |
| Gross margin | 46.3% | 49.7% | 55.2% | 14.4% | 54.1% | 57.0% | |
| Operating margin | 16.7% | 20.2% | 20.5% | 3.8% | 16.5% | 19.8% |
Fiscal years (4-quarter sums)FY21 $3.13B · FY22 $3.57B · FY23 $3.75B · FY24 $3.87B · FY25 $4.02B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $282.0M · Total debt $5.71B · Total assets $6.90B · Shareholders' equity −$1.02B
Dividends
Raised for 4 straight years — most recently to $0.60 from $0.56 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 30 | $0.60 | |
| Mar 20, 2026 | Mar 20 | Mar 31 | $0.60 | raised from $0.56 |
| Dec 12, 2025 | Dec 12 | Dec 31 | $0.56 | |
| Sep 12, 2025 | Sep 12 | Sep 30 | $0.56 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.56 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.56 | raised from $0.50 |
| Dec 13, 2024 | Dec 13 | Dec 31 | $0.50 | |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.50 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.28M · Float 59.94M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 7.12M | 11.61% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.06M | 9.89% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.70M | 4.41% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 2.47M | 4.03% | 13F | Aug 14, 2026 |
| State Street Corp | 2.16M | 3.52% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 26, 2026 | Thomas Michael Duncan | officer: SVP, Chief Accounting Officer | −20,000 | $74.16 |
| Aug 6, 2026 | Michael Dean Brown | director, officer: See Remarks | −200 | $79.00 |
| Aug 4, 2026 | Sy Esfahani | officer: Chief Technology Officer | −52,617 | $78.00 |
| Aug 5, 2026 | Michael Dean Brown | director, officer: See Remarks | −4,150 | $79.24 |
| Aug 4, 2026 | Jeffrey Myers | officer: See Remarks | −34,000 | $77.76 |
Peers
- Marriott Vacations Worldwide
Vacation ownership and exchange-network peer
- Hilton Grand Vacations
Vacation-ownership, financing and exchange peer
- Walt Disney
Points-based vacation-club alternative at Disney resorts
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Travel + Leisure | $71.21 | −0.04% | $4.36B | 19.5 | 8.6 | 1.1 | +4.4% |
| Marriott Vacations Worldwide | $110.30 | +0.23% | $3.78B | — | 11.7 | 0.8 | +5.9% |
| Hilton Grand Vacations | $43.81 | −0.01% | $3.44B | 20.7 | 8.4 | 0.6 | +7.3% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Median | 21.5 | 11.7 | 0.8 | +7.1% |