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AI brief of an SEC Form 8-K · Travel + Leisure (TNL)

Travel + Leisure Co. Q3 EPS $1.67 rises 20%; raises 2025 Adjusted EBITDA guidance

Positive Impact 4 of 5 earnings Written later

Travel + Leisure Co. reported third-quarter 2025 net income of $111 million, or $1.67 per diluted share, up from $97 million and $1.39 a year earlier, on net revenues of $1.04 billion, up 5%. The company raised the low end of its full-year 2025 Adjusted EBITDA guidance to $965 million to $985 million, lifting the midpoint to $975 million. The Travel and Membership segment's Adjusted EBITDA fell 6% to $58 million, a partial offset.

Key points

  • Net revenues of $1.04 billion, up from $993 million; net income of $111 million versus $97 million a year earlier
  • Adjusted EBITDA of $266 million, up 10%; Adjusted diluted EPS of $1.80 versus $1.57
  • 2025 Adjusted EBITDA guidance now $965 million to $985 million, versus prior $955 million to $985 million
  • Returned $106 million to shareholders in the quarter: $36 million in dividends and $70 million in buybacks; $253 million left on repurchase authorization

The filing

CompanyTravel + Leisure (TNL)
Form8-K, current report
Filed with the SECOct 22, 2025, 6:01 AM ET
Accession number0001361658-25-000313

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 October 22, 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.