Abstract

Travel Plus Leisure Co. will report its quarterly results on February 18, 2026, Pre-Market; this preview consolidates recent financial metrics, company guidance, and institutional commentary to frame expectations and the key drivers for the upcoming print.

Market Forecast

For the current quarter, Travel Plus Leisure Co. is forecast to deliver revenue of $1.00 billion, with an estimated year-over-year increase of 4.63%. Forecast EBIT is $216.72 million with a year-over-year rise of 1.61%, and consensus-adjusted EPS is projected at 1.80, implying year-over-year growth of 7.44%. While no official forecast figures were provided for gross profit margin or net margin, the company’s main business outlook centers on Vacation Ownership VOI sales and recurring service and membership fees, pointing to stable mix and margin resilience. The most promising segment remains service fees and membership fees, a recurring revenue base tied to owner services and club memberships; revenue was $407.00 million last quarter and is positioned for steady year-over-year growth given high renewal behavior and expanded member engagement.

Last Quarter Review

In the prior quarter, Travel Plus Leisure Co. reported revenue of $1.04 billion, a gross profit margin of 50.77%, GAAP net profit attributable to the parent company of $111.00 million, a net profit margin of 10.63%, and adjusted EPS of 1.80, with revenue rising 5.14% year-over-year and adjusted EPS up 14.65% year-over-year. Quarter-on-quarter, GAAP net profit increased by 278.00% according to the provided growth metric, underscoring improved operating leverage and lower seasonal expense drag. Main business highlights featured Vacation Ownership Interval (VOI) sales of $494.00 million and service and membership fees of $407.00 million, supported by stable consumer financing revenue of $115.00 million and other revenue of $28.00 million.

Current Quarter Outlook

Vacation Ownership VOI Sales

Vacation Ownership VOI sales are the cornerstone of Travel Plus Leisure Co.’s revenue engine, and the mix of tours, close rates, and VPG (volume per guest) will be the most visible operational indicators this quarter. The company has been emphasizing disciplined marketing channels with a focus on qualified tour flow, which helps sustain conversion rates and margin stability. With forecast revenue growth of 4.63% and EBIT growth of 1.61%, the implication is that VOI performance will be moderately higher on a year-over-year basis, but potentially constrained by mix shifts or normalized incentive costs versus last year’s promotions. Investors should track any commentary about pipeline strength in new resort locations and incremental inventory releases, as these can enhance VPG and expand gross VOI sales through the year. If tours per unit return to trend and lead quality remains high, VOI sales should contribute meaningfully to top-line execution, though the margin footprint will depend on the balance between marketing spend and realized close rates.

Service Fees and Membership Fees

Service fees and membership fees represent recurring revenue tied to owner services, exchange networks, and club memberships that extend the customer relationship beyond initial VOI purchases. Last quarter’s $407.00 million revenue demonstrates the scale of this segment and its importance to margin durability. For the current quarter, the expected EPS growth of 7.44% alongside revenue growth of 4.63% suggests operational efficiency gains and continued high retention within membership programs, helping offset any normalization in VOI sales seasonality. Growth drivers likely include incremental membership offerings, enhanced digital engagement, and partner integrations that improve member value while supporting fee yields. As a recurring, less cyclical stream, this segment can stabilize net margins, and investors will be attentive to any commentary on renewal rates, fee adjustments, and added services that expand per-member monetization. Sustained expansion in membership penetration and ancillary services should bolster the quarter’s revenue reliability and support adjusted EPS execution.

Factors Most Impacting the Stock Price This Quarter

The stock’s reaction will hinge on how reported revenue and EPS compare with the forecasted $1.00 billion and 1.80 EPS, respectively, as well as management’s tone on demand trends. Any deviation versus the modestly positive EBIT growth forecast of 1.61% will be interpreted in light of marketing spend intensity and cost control, both critical to near-term margin outcomes. Commentary on tour flow quality and close rates will set the narrative for VOI momentum heading into the spring travel season, and details on backlog or new project inventory will shape expectations for sustained sales throughput. The cadence of service and membership fee growth is equally important: evidence of high renewal behavior and incremental services would support the recurring revenue thesis and bolster margin confidence. Finally, credit performance within consumer financing will be watched for delinquency trends and underwriting conservatism, which can influence segment profitability even as it facilitates VOI conversion.

Analyst Opinions

Institutional sentiment tilts bullish based on recent rating actions and commentary. Wells Fargo reiterated a Buy rating with a price target of $81.00, citing favorable execution prospects and resilient fee-based revenue streams that support earnings consistency. Truist Financial maintained a Buy view, pointing to solid operational trends across Vacation Ownership and membership services that underpin the positive EPS trajectory. With these supportive stances outweighing cautious views, the majority perspective emphasizes modest top-line growth, stable margins, and disciplined capital allocation as the basis for earnings durability. The primary bullish thesis is that Travel Plus Leisure Co. enters the quarter with a balanced mix of VOI sales and recurring fees, which together are expected to deliver the forecast revenue of $1.00 billion and adjusted EPS of 1.80, while a measured rise in EBIT suggests continued cost stewardship. Investors will look for management to validate stable demand indicators and margin resilience; confirmation would reinforce the bullish case and sustain institutional confidence in the earnings path.