Every material Form 8-K Travel + Leisure filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Travel + Leisure Co. reported third-quarter 2026 net revenue of $1.10 billion, up 5% from a year earlier, and diluted earnings per share of $1.73, up from $1.67. The company raised the midpoint of its full-year 2026 Adjusted EBITDA guidance to a range of $1.070 billion to $1.085 billion. Travel and Membership revenue fell 11%, and GAAP net income declined 3% to $108 million.
Q3 net revenue $1.10 billion vs. $1.04 billion a year earlier; net income $108 million vs. $111 million
Diluted EPS $1.73 vs. $1.67; Adjusted diluted EPS $2.21, up 23%
Full-year 2026 Adjusted EBITDA guidance now $1.070 billion to $1.085 billion
Travel and Membership revenue down 11% to $150 million on lower transaction revenue
Travel + Leisure Co. reported second-quarter 2026 net revenue of $1.06 billion, up 4%, and net income of $109 million, with diluted earnings per share of $1.72 versus $1.62 a year earlier. The company raised its full-year 2026 Adjusted EBITDA guidance to $1,065 million to $1,085 million and said it announced two acquisitions that add more than 100,000 owners. The Travel and Membership segment weakened, with revenue down 5% and Adjusted EBITDA down 11%.
Q2 net income of $109 million; diluted EPS of $1.72 versus $1.62 in Q2 2025
Full-year 2026 Adjusted EBITDA guidance raised to $1,065 million to $1,085 million
Travel and Membership revenue fell 5% to $157 million; segment Adjusted EBITDA fell 11% to $49 million
Returned $125 million to shareholders in Q2, including $88 million of share repurchases; $745 million remained on the authorization at June 30, 2026
Travel + Leisure Co. issued $900 million of 6.250% senior secured notes due 2031 on May 20, 2026, and expects to use the proceeds to redeem its 6.625% notes due July 2026 and repay revolving credit facility borrowings. The company also said the 2026 Notes will be redeemed on May 22, 2026, so the refinancing replaces higher-coupon-free near-term debt with a new longer-dated secured obligation carrying a 6.250% rate.
Notes: $900 million aggregate principal, 6.250% senior secured, due 2031, sold to Deutsche Bank Securities Inc. and other initial purchasers
Proceeds expected to redeem all 6.625% secured notes due July 2026, repay revolver borrowings due June 2030, and fund general corporate purposes
Interest payable semi-annually on June 1 and December 1, starting December 1, 2026
2026 Notes to be redeemed on May 22, 2026; notes are not guaranteed by subsidiaries
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.
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
Travel + Leisure Co. (TNL) reported a fourth-quarter 2025 net loss of $61 million, or $0.95 per diluted share, compared with net income of $119 million a year earlier, after $210 million of inventory write-downs and impairments tied to its Resort Optimization Initiative. Fourth-quarter revenue rose 6% to $1.03 billion, while full-year 2025 net income was $230 million, down from $411 million. The company guided 2026 Adjusted EBITDA to $1,030 million to $1,055 million and its Board approved a new $750 million share repurchase authorization.
Q4 2025 net loss of $61 million (diluted loss of $0.95 per share) vs. net income of $119 million in Q4 2024
Q4 2025 revenue of $1.03 billion; full-year 2025 net income of $230 million, diluted EPS of $3.44, Adjusted EBITDA of $990 million
2026 full-year Adjusted EBITDA guidance of $1,030 million to $1,055 million; management will recommend a Q1 2026 dividend of $0.60 per share
Board approved a new $750 million share repurchase authorization
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Travel + Leisure filing is on SEC EDGAR ↗. 8-K briefs of other companies →