---
schema_version: "secwatch.filing_event.v1"
accession: "0001361658-26-000005"
form_type: "8-K"
ticker: "TNL"
cik: "0001361658"
company_name: "Travel & Leisure Co."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T01:58:54.501733+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Travel+Leisure Q4 adj. EBITDA $272M; net loss $61M; FY26 EBITDA guid $1.03-1.055B

## Summary
- Net loss $61M ($0.95 diluted) includes $210M inventory write-downs from Resort Optimization Initiative.
- Adjusted diluted EPS $1.83; full-year adj. diluted EPS $6.34; Vacation Ownership revenue +8% to $875M.
- Gross VOI sales +8% to $638M (tour growth 5%, VPG growth 2%); Travel & Membership revenue -6% to $148M.
- Company recommends Q1 2026 dividend increase to $0.60/share (from $0.56); Board approved new $750M share repurchase authorization.
- FY2026 Adjusted EBITDA guidance $1.03-1.055B; Q1 2026 adj. EBITDA guidance $210-220M.

## SEC filing metadata
- accession: 0001361658-26-000005
- form_type: 8-K
- ticker: TNL
- cik: 0001361658
- company_name: Travel & Leisure Co.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1361658/000136165826000005/0001361658-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1361658/000136165826000005/wyn-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001361658-26-000005
- JSON: https://secwatch.observer/filing/0001361658-26-000005.json
- Plain text: https://secwatch.observer/filing/0001361658-26-000005.txt

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