NYSE$TNL
Travel + Leisure Co · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Travel + Leisure reported strong revenue growth but faced pressure on net income and margins.
Travel + Leisure Co. saw a 4% YoY increase in revenue, driven by strong Vacation Ownership sales. However, net income declined by 8% YoY due to higher provision rates and cost pressures.
- Revenue increased 4% YoY to $971M, driven by Vacation Ownership.
- Net income fell 8% YoY to $119M due to higher loan loss provisions.
- Vacation Ownership revenue grew 5%, with an 11% rise in net VOI sales.
- Operating margin declined slightly to 21.2%, down 0.5 percentage points.
Headline financials
Revenue & EPS history
Travel + Leisure · Revenue · Quarterly
$971M
Revenue by segment
Travel + Leisure · $986M total across 2 segments · Q3 2023
- Vacation Ownership$812M+7.7%82.4%
- Travel and Membership$174M-4.9%17.6%
Forward guidance
The company expects continued growth in Vacation Ownership, driving higher earnings and cash flow in 2025.
Tailwinds
- Full-year 2025 Adjusted EBITDA expected between $955M and $985M.
- Gross VOI sales projected to reach $2.4B to $2.5B.
- Vacation ownership VPG expected to range from $3,050 to $3,150.
- Travel & Membership Adjusted EBITDA growth forecasted to be flat to up 2%.
- Dividend increase proposal to $0.56 per share in Q1 2025.
Headwinds
- Net income margin pressure from higher provision rates.
- Subscription revenue decline impacting Travel & Membership segment.
- Higher interest expense may weigh on profitability.
- Lower cash balance compared to the previous year.
- Macroeconomic uncertainties could impact discretionary travel spending.
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 Q4 2024
-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
| Quarter | Report date | Reaction (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% | — | — |
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