Travel + Leisure Co. Q2 revenue rises 3% to $1.02 billion; full-year guidance reaffirmed
Travel + Leisure Co. reported second quarter 2025 net revenues of $1.02 billion, up 3% from a year earlier, and Adjusted EBITDA of $250 million, up 2%. The company reaffirmed its full-year 2025 Adjusted EBITDA guidance of $955 million to $985 million and raised its full-year volume per guest (VPG) outlook, which matters to shareholders because it signals stronger sales per tour. Reported net income attributable to shareholders fell 16% to $108 million, mainly because the prior-year quarter included a $32 million gain on a discontinued business.
Key points
- Net revenues of $1.02 billion vs. $985 million; diluted EPS from continuing operations of $1.62 vs. $1.36, up 19%
- Adjusted diluted EPS of $1.65 vs. $1.52 a year earlier; Adjusted EBITDA of $250 million vs. $244 million
- Full-year 2025 VPG guidance raised to $3,200 to $3,250 from $3,050 to $3,150; full-year Adjusted EBITDA guidance of $955 million to $985 million reaffirmed
- Returned $107 million to shareholders in the quarter ($37 million dividends, $70 million buybacks); $303 million left on the repurchase authorization as of June 30, 2025
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.