Travel Leisure

Q2 FY2026 EarningsQ2 FY2026 results were mixed: revenue of $1.06B slightly beat the $1.04B consensus, while Normalized EPS of $1.88 was just shy of the $1.91 expectation. Vacation Ownership drove growth with a 6% revenue increase and 11% surge in Net VOI sales, offsetting a 5% decline in the Travel and Membership segment. Management raised full-year Adjusted EBITDA guidance to $1,065M–$1,085M, signaling confidence despite transactional headwinds in membership clubs.