Travel + Leisure reports Q3 2026 earnings beat and raises full‑year adjusted EBITDA outlook

Travel + Leisure Co. posted third‑quarter 2026 adjusted diluted earnings per share of $2.21, topping the $2.06 consensus. Revenue reached $1.101 billion, up about 5% year‑over‑year. The company lifted its full‑year adjusted EBITDA guidance to a range of $1.07 billion‑$1.085 billion and noted strong growth in its Vacation Ownership segment while Travel and Membership revenue fell.

The higher EPS and raised EBITDA outlook suggest stronger profitability than analysts expected, which could support the stock’s valuation. The guidance increase also sets a higher earnings target for the full year, affecting investors’ expectations for cash flow and dividend sustainability.

  • 1Adjusted diluted EPS for Q3 2026 was $2.21.
  • 2Net revenue for Q3 2026 was $1.101 billion.
  • 3Full‑year 2026 adjusted EBITDA guidance was raised to $1.07 billion‑$1.085 billion.
  • 4Vacation Ownership revenue grew 9% year‑over‑year.
  • 5Travel and Membership revenue declined 11% year‑over‑year.
  • 6The company repurchased $75 million of shares in the quarter and returned $364 million to shareholders year‑to‑date.

Sources