NYSE$TNL

Travel + Leisure Co · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Travel + Leisure's Q3 2022 results were reported, demonstrating the strength of leisure travel and timeshare ownership.

Travel + Leisure Co. reported a net income of $116 million, or $1.38 diluted earnings per share, on net revenue of $937 million for the third quarter of 2022. The Vacation Ownership segment performed exceptionally well, driven by a 45% increase in VPG compared to 2019.

  • Net income reached $116 million, with $1.38 diluted earnings per share, on net revenue of $937 million.
  • Adjusted EBITDA was $234 million and adjusted diluted earnings per share was $1.28.
  • The company expects full-year adjusted EBITDA to be between $855 million and $865 million.
  • Travel + Leisure repurchased $115 million of common stock during the third quarter.

Headline financials

Total Revenue

$937M

Previous: $839M+11.7%
EPS (adj)

$1.28

Previous: $1.19+7.6%
Gross VOI Sales

$555M

Previous: $440M+26.1%
Tours

158.0K

Previous: 129.0K+22.5%
Volume Per Guest

$3.39K

No prior period
Exchange Revenue per Transaction

$334.00

No prior period
Capital Expenditures

-$36M

Previous: -$40M+10.0%
Free Cash Flow

$80M

Previous: $61M+31.1%
Net Income

$116M

Previous: $101M+14.9%
Operating Income

$189M

Previous: $186M+1.6%
Gross Profit

$898M

Previous: $796M+12.8%
Cash & Equivalents

$169M

Previous: $346M-51.2%
Total Assets

$6.38B

Previous: $6.6B-3.3%
Stock-Based Comp

$10M

Previous: $8M+25.0%

Revenue & EPS history

Travel + Leisure · Revenue · Quarterly

$937M

Q3 2022+11.7%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Travel + Leisure · $937M total across 2 segments · Q3 2022

  • Vacation Ownership
    $754M+14.2%
  • Travel and Membership
    $183M-1.1%

Forward guidance

The company provided guidance for the full year 2022.

Tailwinds

  • Adjusted EBITDA of $855 million to $865 million
  • Gross VOI sales of $1.95 billion to $2.0 billion
  • VPG of approximately $3,400

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.0%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.4%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+20.3%

Q3 2018

Best reaction

-13.7%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.7%-14.2%-14.5%
Q4 2025+3.5%+2.2%-5.9%
Q3 2025+15.3%+8.5%+6.6%
Q2 2025-1.4%-1.8%+0.4%
Q1 2025+1.0%+3.2%+12.0%
Q4 2024+0.7%-2.7%-17.9%
Q3 2024+4.8%+6.8%+21.0%
Q2 2024-8.3%-6.4%-10.9%
Q1 2024-0.8%-1.5%-4.1%
Q4 2023+10.6%+8.1%+14.6%
Q3 2023-1.7%+0.6%+12.1%
Q2 2023-3.8%-1.3%-3.6%
Q1 2023-3.7%-2.8%-3.5%
Q4 2022+3.7%+3.4%-11.9%
Q3 2022-6.5%-5.5%-5.0%
Q2 2022-5.2%-5.9%-4.2%
Q1 2022+1.9%+0.4%-5.9%
Q4 2021-4.9%-4.3%-0.2%
Q3 2021+3.0%+7.4%-4.6%
Q2 2021-5.6%-9.3%-1.4%
Q1 2021-1.1%-1.5%-0.7%
Q4 2020-0.1%+2.3%+7.9%
Q3 2020-3.9%-0.7%+33.7%
Q2 2020-9.2%-7.0%+6.7%
Q1 2020-3.2%+4.2%+55.5%
Q4 2019-6.5%-4.9%-42.0%
Q3 2019+0.1%+3.1%+4.6%
Q2 2019-0.4%-10.3%-6.7%
Q1 2019+0.3%+2.3%-8.7%
Q4 2018-0.8%-4.6%-14.1%
Q3 2018+20.3%+20.8%+15.6%
Q2 2018-3.0%-4.7%-9.5%
Q1 2018-8.2%-7.0%-6.2%
Q4 2017+4.0%+2.7%-1.4%
Q3 2017-1.9%-2.6%+0.5%
Q2 2017-0.7%-2.1%-2.7%
Q1 2017+4.0%+3.8%+8.0%
Q4 2016+4.9%+3.7%+3.0%
Q3 2016-5.4%-3.0%+9.3%
Q2 2016-7.5%-9.7%-8.2%
Q1 2016-4.6%
Q4 2015+4.9%
Q3 2015+6.0%
Q2 2015+0.9%
Q1 2015-4.4%
Q4 2014+9.8%
Q3 2014-2.5%
Q2 2014+2.1%
Q1 2014-0.6%
Q4 2013-2.9%
Q3 2013+2.6%
Q2 2013+2.5%
Q1 2013-2.8%
Q4 2012+5.8%
Q3 2012-3.3%
Q2 2012+4.7%
Q1 2012+1.2%
Q4 2011+1.1%
Q3 2011+11.4%
Q2 2011-6.5%
Q1 2010+2.0%
Q1 2011+0.6%
Q4 2008-4.4%
Q4 2010-4.4%
Q3 2010-0.5%
Q3 2009-0.5%
Q4 2009+3.1%
Q2 2009+3.1%
Q2 2010+3.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro