Travel & Leisure (TNL) Cost of Revenue (2010 - 2026)
Travel & Leisure (TNL) posted quarterly Cost of Revenue of $172.0 million for Q2 2026, up 13.16% year-over-year from $152.0 million in Q2 2025, and up 391.43% quarter-over-quarter from $35.0 million in Q1 2026.
Travel & Leisure (TNL) Cost of Revenue (2010 - 2026) Analysis & Trends
Travel & Leisure's Cost of Revenue history runs 12 years deep, the most recent figure standing at $172.0 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 13.16% year-over-year to $172.0 million; the TTM figure through Jun 2026 stood at $55.0 million (up 350.0% YoY), while the FY2025 annual figure was $273.0 million, up 196.74% from the prior year.
- Cost of Revenue for Q2 2026 stood at $172.0 million, up from $35.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $172.0 million in Q2 2026, with the low at -$325.0 million in Q4 2024.
- The 5-year median for Cost of Revenue is $34.0 million (2023), against an average of $25.8 million.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue tumbled 1350.0% in 2024, then surged 623.81% in 2025.
- Travel & Leisure's Cost of Revenue stood at $32.0 million in 2022, then fell by 18.75% to $26.0 million in 2023, then sank by 1350.0% to -$325.0 million in 2024, then surged by 49.23% to -$165.0 million in 2025, then surged by 204.24% to $172.0 million in 2026.
- Business Quant data shows TNL's Cost of Revenue at $172.0 million in Q2 2026, $35.0 million in Q1 2026, and -$165.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.63 Bn | 140.41 Bn | 4.98 Bn | 2.37 Bn |
| 2 | Airbnb | 106.16 Bn | 94.09 Bn | 2.98 Bn | 633.00 Mn |
| 3 | Royal Caribbean Cruises | 81.03 Bn | 80.11 Bn | 2.29 Bn | 2.55 Bn |
| 4 | Viking Holdings | 44.28 Bn | 40.47 Bn | 713.43 Mn | 1.01 Bn |
| 5 | Carnival | 38.41 Bn | 36.17 Bn | - | - |
| 6 | Expedia | 38.31 Bn | 31.18 Bn | 3.91 Bn | 403.00 Mn |
| 7 | Trip.com | 29.06 Bn | 17.36 Bn | 1.86 Bn | 483.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.36 Bn | 8.15 Bn | 1.05 Bn | 1.59 Bn |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 72.67 Mn |
| 10 | Travel & Leisure | 4.62 Bn | 4.33 Bn | 891.00 Mn | 172.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 172.00 Mn |
| Jun 30, 2026 | 172.00 Mn |
| Mar 31, 2026 | 35.00 Mn |
| Mar 31, 2026 | 35.00 Mn |
| Dec 31, 2025 | -165.00 Mn |
| Dec 31, 2025 | -165.00 Mn |
| Sep 30, 2025 | 13.00 Mn |
| Sep 30, 2025 | 13.00 Mn |
| Jun 30, 2025 | 152.00 Mn |
| Jun 30, 2025 | 152.00 Mn |
| Mar 31, 2025 | 124.00 Mn |
| Mar 31, 2025 | 124.00 Mn |
| Dec 31, 2024 | -325.00 Mn |
| Dec 31, 2024 | -325.00 Mn |
| Sep 30, 2024 | 27.00 Mn |
| Sep 30, 2024 | 27.00 Mn |
| Jun 30, 2024 | 21.00 Mn |
| Jun 30, 2024 | 21.00 Mn |
| Mar 31, 2024 | 121.00 Mn |
| Mar 31, 2024 | 121.00 Mn |