Travel & Leisure (TNL) EBIT Margin (2010 - 2026)
Travel & Leisure's EBIT Margin was 19.76% in Q2 2026, down 0.48 percentage points from 20.24% a year earlier but up 3.21 percentage points from the prior quarter.
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Analysis
Travel & Leisure (TNL) EBIT Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Travel & Leisure's EBIT Margin was 13.68% through Jun 30, 2026, down 5.65 percentage points year-over-year; for FY2025, it came in at 13.75%, down 5.22 percentage points from FY2024.
- EBIT Margin shows a five-year change of +18.61 percentage points (FY2020 to FY2025).
- In earlier years, EBIT Margin was 18.97% in FY2024 (-0.23 pp), 19.20% in FY2023 (+0.89 pp), 18.31% in FY2022 (-1.41 pp) and 19.72% in FY2021 (+24.58 pp).
- Quarterly EBIT Margin has moved between -2.24% (Q4 2025) and 22.41% (Q4 2021) over five years.
- Compared with a year earlier, EBIT Margin has declined for three straight quarters, with an average year-over-year change of -2.80 percentage points over the last eight quarters.
- The best year-over-year quarter for EBIT Margin over five years was Q3 2021 (a gain of 11.75 percentage points); the worst was Q4 2025 (a drop of 23.46 percentage points).
- Per Business Quant data, TNL's EBIT Margin in the three quarters before Q2 2026 was 16.55% (Q1 2026), -2.24% (Q4 2025) and 20.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 102.44 Bn | 100.49 Bn | 1.55 Bn | 17.38% |
| 2 | Royal Caribbean Cruises | 79.41 Bn | 76.77 Bn | 2.29 Bn | 27.05% |
| 3 | Hilton Worldwide Holdings | 77.88 Bn | 74.33 Bn | 3.08 Bn | 25.68% |
| 4 | Carnival | 37.82 Bn | 31.00 Bn | - | 26.32% |
| 5 | Viking Holdings | 37.77 Bn | 22.89 Bn | 996.62 Mn | 29.40% |
| 6 | Trip.com | 26.01 Bn | -19.03 Bn | 1.84 Bn | -9.36% |
| 7 | Intercontinental Hotels | 25.54 Bn | 21.51 Bn | - | - |
| 8 | Hyatt Hotels | 16.09 Bn | 13.25 Bn | 388.00 Mn | -71.84% |
| 9 | H World | 14.30 Bn | 5.70 Bn | 456.00 Mn | 31.05% |
| 10 | Travel & Leisure | 4.10 Bn | 4.10 Bn | 1.03 Bn | 19.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.76% |
| Mar 31, 2026 | 16.55% |
| Dec 31, 2025 | -2.24% |
| Sep 30, 2025 | 20.50% |
| Jun 30, 2025 | 20.24% |
| Mar 31, 2025 | 16.70% |
| Dec 31, 2024 | 21.22% |
| Sep 30, 2024 | 19.03% |
| Jun 30, 2024 | 19.19% |
| Mar 31, 2024 | 16.38% |
| Dec 31, 2023 | 20.41% |
| Sep 30, 2023 | 20.99% |
| Jun 30, 2023 | 19.28% |
| Mar 31, 2023 | 15.70% |
| Dec 31, 2022 | 18.02% |
| Sep 30, 2022 | 20.17% |
| Jun 30, 2022 | 20.07% |
| Mar 31, 2022 | 14.46% |
| Dec 31, 2021 | 22.41% |
| Sep 30, 2021 | 22.17% |
API Access
Travel & Leisure EBIT Margin 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=ebit-margin&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();