Travel & Leisure (TNL) Accumulated Expenses (2017 - 2026)
Travel & Leisure (TNL) reported Accumulated Expenses of $957 million for Q2 2026, up 23.0% from $778 million a year earlier and up 14.5% from the prior quarter.
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Analysis
Travel & Leisure (TNL) Accumulated Expenses (2017 - 2026) Analysis & Trends
At the end of FY2025, Travel & Leisure posted Accumulated Expenses of $910 million, up 17.0% from FY2024.
- Accumulated Expenses has a five-year compound annual growth rate of -0.4% (FY2020 to FY2025).
- By year, Accumulated Expenses came in at $778 million in FY2024 (-3.6%), $807 million in FY2023 (-7.9%), $876 million in FY2022 (-6.7%) and $939 million in FY2021 (+1.1%).
- The Q2 2026 figure ranks as the highest quarterly Accumulated Expenses since Q2 2021.
- Year over year, Accumulated Expenses has now increased in each of the last four quarters, with growth averaging 5.2% over the last eight quarters.
- The high point for year-over-year Accumulated Expenses in five years was Q2 2026 (growth of 23.0%); the low point was Q1 2023 (a decline of 12.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $836 million (Q1 2026), $910 million (Q4 2025) and $817 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - |
| 10 | Travel & Leisure | 3.79 Bn | 3.79 Bn | 1.03 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 957.00 Mn |
| Mar 31, 2026 | 836.00 Mn |
| Dec 31, 2025 | 910.00 Mn |
| Sep 30, 2025 | 817.00 Mn |
| Jun 30, 2025 | 778.00 Mn |
| Mar 31, 2025 | 712.00 Mn |
| Dec 31, 2024 | 778.00 Mn |
| Sep 30, 2024 | 779.00 Mn |
| Jun 30, 2024 | 788.00 Mn |
| Mar 31, 2024 | 798.00 Mn |
| Dec 31, 2023 | 807.00 Mn |
| Sep 30, 2023 | 818.00 Mn |
| Jun 30, 2023 | 826.00 Mn |
| Mar 31, 2023 | 808.00 Mn |
| Dec 31, 2022 | 876.00 Mn |
| Sep 30, 2022 | 852.00 Mn |
| Jun 30, 2022 | 941.00 Mn |
| Mar 31, 2022 | 927.00 Mn |
| Dec 31, 2021 | 939.00 Mn |
| Sep 30, 2021 | 953.00 Mn |
API Access
Travel & Leisure Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();