Travel + Leisure Co. Income Statement

TNL / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Travel + Leisure Co. reported $4.0B in revenue and $230M in net income for FY2025. Revenue has grown at a 0.5% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 1.10 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$4.0B	$3.9B	$3.8B	$3.6B	$3.1B	$2.2B	$4.0B	$3.9B	$3.8B	$5.3B	$4.9B	$5.3B	$4.3B	$3.9B	$3.8B
Cost of Revenue	$273.0M	$92.0M	$133.0M	$157.0M	$157.0M	$2.0M	$186.0M	$183.0M	$150.0M	-	-	-	-	-	-
SG&A Expense	$498.0M	$475.0M	$454.0M	$479.0M	$434.0M	$398.0M	$491.0M	$513.0M	$580.0M	$755.0M	$685.0M	$755.0M	$593.0M	$540.0M	$533.0M
Operating Income	$553.0M	$733.0M	$720.0M	$653.0M	$618.0M	-$105.0M	$812.0M	$523.0M	$439.0M	$941.0M	$935.0M	$941.0M	$767.0M	$718.0M	$594.0M
Interest Expense	$232.0M	$249.0M	$251.0M	$195.0M	$198.0M	$192.0M	$162.0M	$170.0M	$155.0M	$113.0M	$122.0M	$113.0M	$140.0M	$137.0M	$114.0M
Income Tax	$107.0M	$135.0M	$94.0M	$130.0M	$116.0M	-$23.0M	$191.0M	$130.0M	-$328.0M	$316.0M	$285.0M	$316.0M	$233.0M	$184.0M	$200.0M
Net Income	$230.0M	$411.0M	$396.0M	$357.0M	$308.0M	-$255.0M	$507.0M	$672.0M	$854.0M	$529.0M	$612.0M	$529.0M	$417.0M	$379.0M	$293.0M
EPS (Basic)	$5.31	$4.28	$3.56	-$2.97	$5.50	$6.80	$8.29	$5.56	$5.18	$4.22	$3.25	$2.80	$2.57	$2.13	$1.64
EPS (Diluted)	$5.28	$4.24	$3.52	-$2.97	$5.48	$6.77	$8.24	$5.52	$5.14	$4.18	$3.21	$2.75	$2.51	$2.05	$1.61
Shares Outstanding	75.0M	84.2M	87.3M	86.1M	92.4M	99.2M	103.7M	110.6M	119.0M	127.0M	135.0M	145.0M	166.0M	185.0M	182.0M
Operating Margin	13.8%	19.0%	19.2%	18.3%	19.7%	-4.9%	20.1%	13.3%	11.5%	17.8%	19.2%	17.8%	18.0%	18.6%	15.8%
Profit Margin	5.7%	10.6%	10.6%	10.0%	9.8%	-11.8%	12.5%	17.1%	22.4%	10.0%	12.6%	10.0%	9.8%	9.8%	7.8%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Travel + Leisure Co. Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$4.0B

$3.9B

$3.8B

$3.6B

$3.1B

$2.2B

$4.0B

$3.9B

$3.8B

$5.3B

$4.9B

$5.3B

$4.3B

$3.9B

$3.8B

Cost of Revenue

$273.0M

$92.0M

$133.0M

$157.0M

$2.0M

$186.0M

$183.0M

$150.0M

SG&A Expense

$498.0M

$475.0M

$454.0M

$479.0M

$434.0M

$398.0M

$491.0M

$513.0M

$580.0M

$755.0M

$685.0M

$755.0M

$593.0M

$540.0M

$533.0M

Operating Income

$553.0M

$733.0M

$720.0M

$653.0M

$618.0M

-$105.0M

$812.0M

$523.0M

$439.0M

$941.0M

$935.0M

$941.0M

$767.0M

$718.0M

$594.0M

Interest Expense

$232.0M

$249.0M

$251.0M

$195.0M

$198.0M

$192.0M

$162.0M

$170.0M

$155.0M

$113.0M

$122.0M

$113.0M

$140.0M

$137.0M

$114.0M

Income Tax

$107.0M

$135.0M

$94.0M

$130.0M

$116.0M

-$23.0M

$191.0M

$130.0M

-$328.0M

$316.0M

$285.0M

$316.0M

$233.0M

$184.0M

$200.0M

Net Income

$230.0M

$411.0M

$396.0M

$357.0M

$308.0M

-$255.0M

$507.0M

$672.0M

$854.0M

$529.0M

$612.0M

$529.0M

$417.0M

$379.0M

$293.0M

EPS (Basic)

$5.31

$4.28

$3.56

-$2.97

$5.50

$6.80

$8.29

$5.56

$5.18

$4.22

$3.25

$2.80

$2.57

$2.13

$1.64

EPS (Diluted)

$5.28

$4.24

$3.52

-$2.97

$5.48

$6.77

$8.24

$5.52

$5.14

$4.18

$3.21

$2.75

$2.51

$2.05

$1.61

Shares Outstanding

75.0M

84.2M

87.3M

86.1M

92.4M

99.2M

103.7M

110.6M

119.0M

127.0M

135.0M

145.0M

166.0M

185.0M

182.0M

Operating Margin

13.8%

19.0%

19.2%

18.3%

19.7%

-4.9%

20.1%

13.3%

11.5%

17.8%

19.2%

17.8%

18.0%

18.6%

15.8%

Profit Margin

5.7%

10.6%

10.0%

9.8%

-11.8%

12.5%

17.1%

22.4%

10.0%

12.6%

10.0%

9.8%

7.8%