---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-25-000184"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:56:01.612150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure Q1 adjusted EBITDA $202M at high end of guidance; VPG up 6% to $3,212

## Summary
- Net income $73M ($1.07 diluted EPS); adjusted diluted EPS $1.11, revenue $934M.
- Adjusted EBITDA $202M, at high end of Q1 guidance; VPG $3,212 up 6% YoY.
- Vacation Ownership revenue +4% to $755M, Adjusted EBITDA +18% to $159M.
- Returned $111M to shareholders ($41M dividends, $70M buybacks); $373M remaining authorization.
- Q2 adjusted EBITDA guidance $245M-$255M; full-year reaffirmed $955M-$985M.

## SEC filing metadata
- accession: 0001361658-25-000184
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165825000184/0001361658-25-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165825000184/wyn-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-25-000184
- JSON: https://secwatch.observer/filing/0001361658-25-000184.json
- Plain text: https://secwatch.observer/filing/0001361658-25-000184.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.