Travel & Leisure Co.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.02B | $3.86B | $3.75B | $3.57B | $3.13B | $2.16B | $4.04B | $3.93B |
| Cost of Revenue | $273.0M | $92.0M | $133.0M | $157.0M | $157.0M | $2.0M | $186.0M | $183.0M |
| Gross Profit | $3.75B | $3.77B | $3.62B | $3.41B | $2.98B | $2.16B | $3.86B | $3.75B |
| Gross Margin | 93.2% | 97.6% | 96.5% | 95.6% | 95.0% | 99.9% | 95.4% | 95.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $498.0M | $475.0M | $454.0M | $479.0M | $434.0M | $398.0M | $491.0M | $513.0M |
| Operating Income | $553.0M | $733.0M | $720.0M | $653.0M | $618.0M | $-105.0M | $812.0M | $523.0M |
| Operating Margin | 13.8% | 19.0% | 19.2% | 18.3% | 19.7% | -4.9% | 20.1% | 13.3% |
| Interest Expense | $232.0M | $249.0M | $251.0M | $195.0M | $198.0M | $192.0M | $162.0M | $170.0M |
| Pretax Income | $337.0M | $513.0M | $485.0M | $486.0M | $429.0M | $-276.0M | $680.0M | $396.0M |
| Income Tax Expense | $107.0M | $135.0M | $94.0M | $130.0M | $116.0M | $-23.0M | $191.0M | $130.0M |
| Net Income | $230.0M | $411.0M | $396.0M | $357.0M | $308.0M | $-255.0M | $507.0M | $672.0M |
| Net Margin | 5.7% | 10.6% | 10.6% | 10.0% | 9.8% | -11.8% | 12.5% | 17.1% |
| EPS (Basic) | $3.51 | $5.87 | $5.31 | $4.28 | $3.56 | $-2.97 | $5.50 | $6.80 |
| EPS (Diluted) | $3.44 | $5.82 | $5.28 | $4.24 | $3.52 | $-2.97 | $5.48 | $6.77 |
| Shares Outstanding (Basic) | 65.6M | 70.1M | 74.5M | 83.4M | 86.5M | 86.1M | 92.1M | 98.9M |
| Shares Outstanding (Diluted) | 66.9M | 70.7M | 75.0M | 84.2M | 87.3M | 86.1M | 92.4M | 99.2M |
| Dividends Per Share | $2.24 | $2.00 | $1.80 | $1.60 | $1.25 | $1.60 | $1.80 | $1.89 |