Vacation Ownership

“Interest expense increased $2 million for the three months ended June 30, 2026, compared with the same period last year due to higher debt modification costs and a higher average debt balance during 2026, partially offset by lower average effective interest rates on corporate debt.”

TNL 10-Q · 2026-07-22

“We incurred an additional $31 million of costs associated with this initiative during the six months ended June 30, 2026 at the Vacation Ownership segment associated with this initiative, consisting of $25 million of inventory write-downs and impairments included within Cost of vacation ownership interests on the Condensed Consolidated Statements of Income, $8 million of resort closure and other associated employee costs included within Operating expenses, and a $2 million reversal of severance and related benefits included within Restructuring expenses for costs incurred on behalf of the HOAs in 2025 subject to reimbursement.”

TNL 10-Q · 2026-07-22

“NINE MONTHS ENDED SEPTEMBER 30, 2024 Our consolidated results are as follows (in millions): Nine Months Ended September 30, 2025 2024 Favorable/(Unfavorable) Net revenues $ 2,996 $ 2,893 $ 103 Expenses 2,420 2,366 (54) Operating income 576 527 49 Interest expense 175 189 14 Other (income), net (3) (6) (3) Interest (income) (6) (12) (6) Income before income taxes 410 356 54 Provision for income taxes 119 96 (23) Net income from continuing operations 291 260 31 Gain on disposal of discontinued business, net of income taxes — 32 (32) Net income attributable to Travel + Leisure Co. shareholders $ 291 $ 292 $ (1) Net revenues increased $103 million for the nine months ended September 30, 2025 compared with the same period last year.”

TNL 10-Q · 2025-10-22