Travel + Leisure (TNL) revenue breakdown

Consumer Cyclical · Travel Services · Market cap $4.0B

By segment, Vacation Ownership is the largest at 84% of fiscal 2025 revenue, growing 2% a year over 9 years.

By product, Vacation ownership interest sales is the largest at 46% of fiscal 2025 revenue, growing 2% a year over 9 years.

Revenue by segment

Fiscal years, as Travel + Leisure reports them in its 10-K filings; fiscal 2025 total $4.0B.

Segments2016201720182019202020212022202320242025Share
Vacation Ownership$2.8B$2.9B$3.0B$3.1B$1.6B$2.4B$2.8B$3.0B$3.2B$3.4B 84%
Travel and Membership$916M$927M$918M$944M$528M$714M$735M$711M$695M$662M 16%

Revenue by product

Fiscal years, as Travel + Leisure reports them in its 10-K filings; fiscal 2025 total $4.0B.

Products2016201720182019202020212022202320242025Share
Vacation ownership interest sales$1.6B$1.7B$1.8B$1.8B$505M$1.2B$1.5B$1.6B$1.7B$1.8B 46%
Service and membership fees$1.6B$1.6B$1.6B$1.6B$1.1B$1.5B$1.6B$1.6B$1.6B$1.6B 40%
Consumer financing$440M$463M$491M$515M$467M$404M$406M$427M$450M$454M 11%
Other$66M$60M$60M$74M$49M$52M$66M$92M$86M$105M 3%

Revenue by region

Fiscal years, as Travel + Leisure reports them in its 10-K filings; fiscal 2025 total $4.0B.

Regions2016201720182019202020212022202320242025Share
UNITED STATES$3.2B$3.4B$3.5B$3.5B$1.9B$2.8B$3.2B$3.3B$3.4B$3.5B 88%
Non-US$483M$447M$431M$530M$256M$381M$401M$430M$460M$476M 12%
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Questions

Where does Travel + Leisure make its money?

In fiscal 2025, by segment: Vacation Ownership $3.4B, Travel and Membership $662M.

From Travel + Leisure's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.