---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-25-000255"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2025-07-23T23:59:59+00:00"
generated_at: "2026-05-18T03:18:13.258133+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Travel + Leisure Q2 adj. EPS $1.65, rev $1.02B; raises VPG guidance

## Summary
- Q2 net income $108M ($1.62 GAAP EPS); adj. diluted EPS $1.65; revenue $1.02B.
- Vacation Ownership revenue $853M (+6% YoY); VPG $3,251 (+7%); tours +3%.
- Travel & Membership revenue $166M (-6% YoY); adj. EBITDA $55M (-11%).
- Refinanced $1B revolver to June 2030 at 25bps lower pricing; closed $300M securitization at 5.10%.
- FY2025 adj. EBITDA guidance reaffirmed $955-985M; VPG guidance raised to $3,200-3,250.

## SEC filing metadata
- accession: 0001361658-25-000255
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2025-07-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165825000255/0001361658-25-000255-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165825000255/wyn-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-25-000255
- JSON: https://secwatch.observer/filing/0001361658-25-000255.json
- Plain text: https://secwatch.observer/filing/0001361658-25-000255.txt

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