Travel + Leisure earnings exceeded analyst expectations in the third quarter of 2026, with revenue rising 5.8% from a year earlier to $1.1 billion. The vacation ownership company also raised its full-year adjusted EBITDA guidance.

Key Takeaways

  • Non-GAAP earnings per share of $2.21 were $0.15 above analyst expectations.
  • Adjusted EBITDA rose 6% to $283 million in the quarter.
  • The company raised its full-year adjusted EBITDA guidance to $1.070 billion–$1.085 billion.

Travel + Leisure earnings and operating results

The results, announced October 27, showed quarterly revenue $20 million above analyst estimates. Gross vacation ownership interest sales increased 6%, while tours grew 7%.

Travel + Leisure sells vacation ownership interests through brands including Club Wyndham and Margaritaville Vacation Club. It also provides financing and resort management services and operates travel exchange and membership businesses.

Full-year outlook and dividend

The revised adjusted EBITDA range is a company forecast for the full year, not a reported result. The previous guidance range was not provided.

The shares had a dividend yield of 3.6% and a payout ratio of 59%. Those figures describe the dividend profile at the time; they do not guarantee future payments.

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