# Travel & Leisure Co. (TNL) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Travel & Leisure Co.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/TNL/mda/fy2025/): filed 2026-02-18; accession 0001361658-26-000009 (https://www.sec.gov/Archives/edgar/data/1361658/000136165826000009/tnl-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/TNL/mda/fy2024/): filed 2025-02-19; accession 0001361658-25-000012 (https://www.sec.gov/Archives/edgar/data/1361658/000136165825000012/tnl-20241231.htm)
- [FY 2023 MD&A](/company/TNL/mda/fy2023/): filed 2024-02-21; accession 0001361658-24-000007 (https://www.sec.gov/Archives/edgar/data/1361658/000136165824000007/tnl-20231231.htm)
- [FY 2022 MD&A](/company/TNL/mda/fy2022/): filed 2023-02-22; accession 0001361658-23-000012 (https://www.sec.gov/Archives/edgar/data/1361658/000136165823000012/tnl-20221231.htm)
- [FY 2021 MD&A](/company/TNL/mda/fy2021/): filed 2022-02-23; accession 0001361658-22-000013 (https://www.sec.gov/Archives/edgar/data/1361658/000136165822000013/wyn-20211231.htm)

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