Travel + Leisure Q1 net income rises 8% to $79 million; full-year guidance reaffirmed
Travel + Leisure reported first quarter 2026 net income of $79 million, or $1.22 per diluted share, up from $73 million and $1.07 a year earlier, on net revenues of $961 million, up 3%. The company reaffirmed its full-year 2026 Adjusted EBITDA guidance of $1,030 million to $1,055 million and forecast second quarter Adjusted EBITDA of $260 million to $270 million, but operating cash flow fell to $38 million from $121 million.
Key points
- Net revenues of $961 million, up 3% from $934 million; diluted EPS of $1.22 vs. $1.07, up 14%
- Adjusted EBITDA of $225 million, up 11%; Adjusted diluted EPS of $1.45 vs. $1.11, up 31%
- Full-year 2026 Adjusted EBITDA guidance of $1,030 million to $1,055 million reaffirmed; second quarter guidance $260 million to $270 million
- Net cash from operating activities of $38 million vs. $121 million; Travel and Membership Adjusted EBITDA fell 13% to $59 million
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 April 22, 2026.
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.