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Get filing alertsTravel & Leisure raises 2026 EBITDA guidance on 8% Q2 growth, returns $125M to shareholders
Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read
Key Changes
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Q2 2026 Adjusted EBITDA grew 8% year-over-year to $269M; Adjusted EPS up 14% to $1.88. Gross VOI sales rose 6% to $693M driven by higher volume per guest and tour count.
Exhibit 99.1 view on EDGAR → -
high
Full-year 2026 Adjusted EBITDA guidance raised to $1,065M–$1,085M; Gross VOI sales guidance set at $2.600B–$2.675B. Management cited strong operating performance and pending acquisitions.
Exhibit 99.1 view on EDGAR → -
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Issued $900M of 6.25% senior secured notes to redeem $650M of 6.625% notes due July 2026 and repay revolving credit facility borrowings. Leverage ratio below 3.2x as of June 30, 2026.
Exhibit 99.1 view on EDGAR → -
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Returned $125M to shareholders in Q2: $88M in buybacks (1.2M shares at $69.50 average) and $37M in dividends ($0.60/share). $745M remains under repurchase authorization.
Exhibit 99.1 view on EDGAR → -
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Exhibit 99.1 view on EDGAR →
Summary
Travel & Leisure Co. reported second quarter 2026 results that beat internal expectations, prompting management to raise full-year Adjusted EBITDA guidance to $1,065 million to $1,085 million. The vacation ownership business showed momentum with gross VOI sales up 6% to $693 million, driven by a 2% increase in volume per guest to $3,318 and a 1% increase in tours. Adjusted EBITDA grew 8% year-over-year to $269 million while Adjusted diluted EPS jumped 14% to $1.88, reflecting operating leverage in the model.
The company refinanced near-term debt by issuing $900 million of 6.25% senior secured notes to redeem $650 million of 6.625% notes due July 2026 and pay down revolving credit facility borrowings, reducing its interest rate by 37.5 basis points on the refinanced portion. Management returned $125 million to shareholders in the quarter through $88 million in buybacks at an average price of $69.50 per share and $37 million in dividends, with $745 million remaining under the repurchase authorization.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Travel & Leisure Co. disclosed Q2 2026 financial results via press release and presentation materials.
Added in current filing · verify on EDGAR →
Item 2.02. Results of Operations and Financial Condition.
The information set forth in
The company filed an 8-K to disclose second quarter 2026 financial results. The filing references attached exhibits (press release and presentation materials) that contain the detailed financial information, but the body text is truncated in the provided excerpt.
Event · Item 7.01 — Regulation FD Disclosure
Travel + Leisure Co. reported Q2 2026 financial results via press release on July 22, 2026.
Added in current filing · verify on EDGAR →
On July 22, 2026, Travel + Leisure Co. (the "Company") issued a press release reporting financial results for the quarter ended June 30, 2026 (the "Press Release").
The company disclosed its second quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures—those are in the attached Exhibit 99.1 press release, which is furnished but not filed. Investors should review the press release and supplemental materials on the company's investor relations website for the detailed results.
Added in current filing · verify on EDGAR →
The Company may use its website and LinkedIn as a means of disclosing information concerning its operations, results and prospects, including information which may constitute material nonpublic information. Accordingly, investors should monitor the Investor Relations section of the Company website at investor.travelandleisureco.com and the Company's LinkedIn profile, in addition to accessing its press releases, its submissions and filings with the SEC, and its publicly noticed conference calls and webcasts.
The company notified investors that it may disclose material information through its website and LinkedIn profile, not just through traditional SEC filings and press releases. Investors need to monitor these additional channels to stay informed about potentially market-moving information.
Event · Exhibit 99.1
Travel + Leisure Co. reported Q2 2026 results with 8% Adjusted EBITDA growth, raised full-year guidance, and announced debt refinancing.
Added in current filing · view on EDGAR →
Net revenue of $1.06 billion. Gross VOI sales of $693 million, up 4% and 6% year-over-year, respectively ... Net income of $109 million (diluted earnings per share of $1.72) ... Adjusted EBITDA of $269 million and Adjusted diluted earnings per share of $1.88, representing 8% and 14% year-over-year growth, respectively
The company reported second quarter 2026 net revenue of $1.06 billion and net income of $109 million ($1.72 per diluted share). Adjusted EBITDA grew 8% year-over-year to $269 million, while Adjusted diluted EPS increased 14% to $1.88. Gross vacation ownership interest (VOI) sales rose 6% to $693 million, driven by a 2% increase in volume per guest (VPG) to $3,318 and a 1% increase in tours.
Added in current filing · view on EDGAR →
Boosts full-year Adjusted EBITDA guidance range to $1,065 million to $1,085 million ... The Company is raising guidance for the 2026 full year:
•Adjusted EBITDA of $1,065 million to $1,085 million
•Gross VOI sales of $2.600 billion to $2.675 billion
•VPG of $3,325 to $3,375
Management raised full-year 2026 Adjusted EBITDA guidance to $1,065 million to $1,085 million, up from prior guidance (not disclosed in this filing). The company also provided updated ranges for Gross VOI sales ($2.600 billion to $2.675 billion) and VPG ($3,325 to $3,375). Management cited strong operating performance and two pending acquisitions as drivers of the increased outlook.
Added in current filing · view on EDGAR →
During the second quarter we issued $900 million of senior secured notes with an interest rate of 6.25%. The proceeds of this offering were used to redeem all of our $650 million 6.625% secured notes that were due July 2026, toward repayment of outstanding borrowings under the revolving credit facility, to pay the fees and expenses incurred in connection with the issuance, and for general corporate purposes.
The company issued $900 million of senior secured notes at 6.25% interest and used the proceeds to redeem all $650 million of its 6.625% secured notes due July 2026, repay revolving credit facility borrowings, and cover transaction costs. As of June 30, 2026, the company had $3.7 billion of corporate debt outstanding (excluding $2.0 billion of non-recourse debt) and a leverage ratio below 3.2x for covenant purposes.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 23, 2026 · How we verify