YouTube · Q1 FY2027 · 2026-08-04
TNL · NYSE
Travel + Leisure Co.
Travel Services · United States
- Market cap (USD)
- US$3.81B
- Trailing P/E
- 17.01x
- Forward P/E
- 7.06x
- Quarterly revenue growth
- 4.4%
- Trailing net margin
- 5.8%
- Indicated dividend yield
- 3.9%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).
Company background
Travel + Leisure Co., together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as offers consumer financing in connection with the sale of VOIs; and property management services at resorts; and This segment also experiences under hospitality and leisure brands, including Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Eddie Bauer Adventure Club, And Accor Vacation Club. The Travel and Membership segment operates various travel businesses, including vacation exchange brands, travel technology platforms, travel memberships, and direct-to-consumer rentals. This segment also offers business-to-business private-label travel club solutions and facilitates bookings. Travel + Leisure Co. has a strategic alliance with Hornblower Group, Inc. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.
Company websiteQ1 2026
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Comparable businesses
TNL peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | TNLTravel + Leisure Co.Snapshot 2026-10-06Financial period: 2026-06-30 | MMYTMakeMyTrip LimitedSnapshot 2026-10-06Financial period: 2026-06-30 | NCLHNorwegian Cruise Line Holdings Ltd.Snapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$3.81B | US$4.21B | US$7.13B | US$5.67Bn=2 |
| Forward P/EProvider forward earnings estimate | 7.06x | 18.01x | 9.35x | 13.68xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 10.03x | 28.65x | 8.71x | 18.68xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 4.4% | 6.2% | 4.9% | 5.6%n=2 |
| Operating marginLatest reported quarter | 19.8% | 15.3% | 14.0% | 14.7%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 14.6% | 1.0% | -23.6% | -11.3%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 5.98x | 3.76x | 6.08x | 4.92xn=2 |
| Debt / equityTotal debt / positive book equity | — | — | 6.21x | — |
| Trailing P/ETrailing twelve-month earnings | 17.01x | 223.55x | 9.58x | 116.57xn=2 |
| Price / bookPrice / positive book equity per share | — | — | 2.77x | — |
| EV / salesEnterprise value / trailing revenue | 2.29x | 4.74x | 2.23x | 3.48xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 6.2% | -60.8% | 616.3% | 277.8%n=2 |
| Gross marginTrailing twelve months | 50.6% | 58.6% | 42.5% | 50.5%n=2 |
| Net marginTrailing twelve months | 5.8% | 3.2% | 7.5% | 5.4%n=2 |
| Return on equityProvider trailing return; positive equity only | — | — | 36.7% | — |
| Free cash flow marginTrailing free cash flow / revenue | 13.6% | 3.9% | -16.5% | -6.3%n=2 |
| Dividend yieldIndicated annual dividend / price | 3.9% | — | — | — |
| Earnings payoutProvider trailing dividend payout | 63.4% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 3.20x | 3.13x | 0.20x | 1.66xn=2 |
| BetaProvider historical market sensitivity | 1.21 | 1.06 | 1.96 | 1.51n=2 |
YouTube · Q1 FY2027 · 2026-08-04
YouTube · Q1 2026 · 2026-05-04
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for TNL
Q1 20262026-04-23
Charged Alpha | Travel + Leisure Co. (TNL) | S&P 500 Deep Dive — Ep. 179
Presentation · 2026-04-23 · YouTube