v3.26.3
Condensed Consolidated Statements Of Income/(Loss) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net revenues        
Net revenues $ 1,101 $ 1,044 $ 3,125 $ 2,996
Expenses        
Operating 492 468 1,390 1,370
Marketing 187 162 500 438
General and administrative 125 122 377 359
Consumer financing interest 33 33 99 101
Depreciation and amortization 35 31 99 92
Cost of vacation ownership interests 22 13 86 58
Restructuring 12 0 10 0
Asset impairments, net 0 1 0 2
Total expenses 906 830 2,561 2,420
Operating income 195 214 564 576
Interest expense 56 [1] 60 171 [2] 175
Other (income), net (2) (1) (7) (3)
Interest (income) (5) (3) (9) (6) [3]
Income before income taxes 146 158 409 410
Provision for income taxes 38 47 113 119
Net income attributable to Travel + Leisure Co. shareholders $ 108 $ 111 $ 296 $ 291
Basic earnings per share        
Basic earnings per share [4] $ 1.77 $ 1.70 $ 4.76 $ 4.40
Diluted earnings per share        
Diluted earnings per share [4] $ 1.73 $ 1.67 $ 4.66 $ 4.35
Vacation ownership interest sales        
Net revenues        
Net revenues $ 545 $ 494 $ 1,497 $ 1,352
Service and membership fees        
Net revenues        
Net revenues 408 407 1,200 1,230
Consumer financing        
Net revenues        
Net revenues 118 115 344 339
Other        
Net revenues        
Net revenues $ 30 $ 28 $ 84 $ 75
[1] Includes $1 million of debt extinguishment costs related to the Acquisitions.
[2] Includes $2 million of debt modification costs associated with the refinancing of the $650 million 6.625% secured notes which were due July 2026 and $1 million of debt extinguishment costs related to the Acquisitions.
[3] Represents adjustments for other items that meet the conditions of unusual and/or infrequent.
[4] Earnings per share amounts are calculated using whole numbers.