Travel & Leisure (TNL) Cash from Operations (2009 - 2026)
Travel & Leisure (TNL) posted Cash from Operations of $130 million for Q3 2026, down 20.2% from $163 million a year earlier and down 40.9% from the prior quarter.
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Analysis
Travel & Leisure (TNL) Cash from Operations (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Cash from Operations at Travel & Leisure was $512 million, down 16.6% year-over-year; for FY2025, it came in at $640 million, up 37.9% from FY2024.
- Annual Cash from Operations shows a five-year compound annual growth rate of 11.3% (FY2020 to FY2025).
- In prior years, Travel & Leisure's Cash from Operations was $464 million in FY2024 (+32.6%), $350 million in FY2023 (-20.8%), $442 million in FY2022 (-22.2%) and $568 million in FY2021 (+51.9%).
- Quarterly Cash from Operations has run from a low of $7 million in Q1 2023 to a high of $232 million in Q2 2025 over five years.
- On a year-over-year basis, Cash from Operations has declined in each of the last three quarters, with growth averaging 12.5% over the last eight quarters.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q1 2024, with growth of 571.4%; the weakest was Q1 2023, with a decline of 95.0%.
- According to Business Quant data, Cash from Operations for the three prior quarters was $220 million (Q2 2026), $38 million (Q1 2026) and $124 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 105.88 Bn | 103.93 Bn | 1.55 Bn | 948.00 Mn |
| 2 | Royal Caribbean Cruises | 81.64 Bn | 78.58 Bn | 2.88 Bn | 1.58 Bn |
| 3 | Hilton Worldwide Holdings | 80.09 Bn | 76.83 Bn | 3.05 Bn | 721.00 Mn |
| 4 | Carnival | 39.10 Bn | 32.28 Bn | - | 1.41 Bn |
| 5 | Viking Holdings | 39.04 Bn | 24.16 Bn | 996.62 Mn | 389.13 Mn |
| 6 | Trip.com | 26.07 Bn | -18.97 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 26.02 Bn | 21.99 Bn | - | - |
| 8 | Hyatt Hotels | 16.98 Bn | 14.40 Bn | 384.00 Mn | -135.00 Mn |
| 9 | H World | 14.77 Bn | 6.17 Bn | 456.00 Mn | 503.00 Mn |
| 10 | Travel & Leisure | 4.36 Bn | 4.36 Bn | 1.08 Bn | 130.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 130.00 Mn |
| Jun 30, 2026 | 220.00 Mn |
| Mar 31, 2026 | 38.00 Mn |
| Dec 31, 2025 | 124.00 Mn |
| Sep 30, 2025 | 163.00 Mn |
| Jun 30, 2025 | 232.00 Mn |
| Mar 31, 2025 | 121.00 Mn |
| Dec 31, 2024 | 98.00 Mn |
| Sep 30, 2024 | 145.00 Mn |
| Jun 30, 2024 | 174.00 Mn |
| Mar 31, 2024 | 47.00 Mn |
| Dec 31, 2023 | 152.00 Mn |
| Sep 30, 2023 | 88.00 Mn |
| Jun 30, 2023 | 103.00 Mn |
| Mar 31, 2023 | 7.00 Mn |
| Dec 31, 2022 | 175.00 Mn |
| Sep 30, 2022 | 37.00 Mn |
| Jun 30, 2022 | 89.00 Mn |
| Mar 31, 2022 | 141.00 Mn |
| Dec 31, 2021 | 133.00 Mn |
API Access
Travel & Leisure Cash from Operations 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=cash-from-operations&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();