Earnings Releases·Oct 27, 2026, 6:31 AM ET

Travel + Leisure Co. — Third Quarter 2026 Earnings Summary

Q3 2026 net revenue rose 5% year-over-year to $1.10 billion, while adjusted diluted EPS surged 23% to $2.21; full-year 2026 adjusted EBITDA guidance was raised to a range of $1.070 billion to $1.085 billion.
Vacation Ownership revenue grew 9% to $953 million driven by a 10% increase in net VOI sales, whereas Travel and Membership revenue declined 11% to $150 million due to a shifting member mix.
The company returned $364 million to shareholders year-to-date via $250 million in share repurchases and $114 million in dividends, with $671 million remaining in the repurchase authorization.
Strategic momentum continued with $350 million invested in acquisitions (Yes& Vacations and Spinnaker Resorts) and a subsequent $300 million term securitization closed post-quarter.
Full-year 2026 gross VOI sales guidance increased to $2.625 billion–$2.675 billion, though $27 million in resort optimization impairments were recorded year-to-date.