Travel + Leisure Co. Reports Strong Second Quarter, Raises 2026 Outlook
Travel + Leisure Co. (NYSE: TNL) reported strong second-quarter 2026 financial results, highlighted by revenue growth, higher earnings, and two strategic acquisitions that will significantly expand its vacation ownership portfolio and owner base.
The company reported net revenue of $1.06 billion, a 4% increase over the second quarter of 2025. Adjusted EBITDA reached $269 million, up 8% year over year, while adjusted diluted earnings per share increased 14% to $1.88.
Travel + Leisure Co. also announced two acquisitions during the quarter that are expected to add more than 100,000 owners while expanding the company’s presence in several of the world’s most sought-after vacation destinations.
“We delivered another strong quarter driven by a highly engaged owner base and exceptional execution across our Vacation Ownership business,” said Michael Brown, President and CEO of Travel + Leisure Co. “We also announced two acquisitions that add more than 100,000 owners and expand our presence in some of the most attractive leisure markets in the country. Together, our operating performance and the addition of these businesses extend the growth opportunity in front of us and give us the confidence to raise our full-year outlook.”
Brown also thanked the company’s associates, owners, members, partners, and shareholders for their continued support, noting that the organization is building strong momentum and remains optimistic about future opportunities.
The company’s first-half performance reflected continued operational strength. According to Chief Financial Officer Erik Hoag, first-half revenue increased 4%, adjusted EBITDA rose 9%, and adjusted earnings per share climbed 21% compared with the same period last year.
“First half results reflect the strength of our model and capital allocation strategy,” Hoag said. “At the same time, we increased share repurchases by 25%, reduced leverage by approximately a quarter turn and announced two immediately accretive acquisitions.”
The combination of strong operating performance, disciplined capital allocation, and strategic acquisitions positions Travel + Leisure Co. for continued growth across its vacation ownership and travel membership businesses. The company said the quarter’s results have given leadership confidence to increase its financial outlook for the remainder of 2026.
Additional details regarding the company’s second-quarter financial results are available through Travel + Leisure Co.’s Investor Relations website.
