Travel & Leisure (TNL) EBT Margin (2010 - 2026)
Travel & Leisure (TNL) recorded quarterly EBT Margin of 11.24% in Q1 2026, up 257.8% quarter-over-quarter from 7.12% in Q4 2025, and up 42.0% on a YoY basis from 7.91% in Q1 2025.
Travel & Leisure (TNL) EBT Margin (2010 - 2026) Analysis & Trends
Travel & Leisure's EBT Margin history runs 17 years deep, the most recent figure standing at 11.24% for Q1 2026.
- In Q1 2026, EBT Margin rose 42.0% year-over-year to 11.24%; the TTM figure through Mar 2026 stood at 8.52% (down 489.0% YoY), while the FY2025 annual figure was 8.38%, down 490.0% from the prior year.
- EBT Margin was 11.24% for Q1 2026 at Travel & Leisure, up from 7.12% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 17.29% in Q3 2022 to a low of 7.12% in Q4 2025.
- Historically, EBT Margin has averaged 11.95% across 5 years, with a median of 13.24% in 2022.
- The sharpest annual moves came in 2022 and 2025: EBT Margin surged 357 bps in 2022, then slumped 2329 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 13.24% in 2022, then increased by 3 bps to 13.57% in 2023, then gained by 19 bps to 16.17% in 2024, then plunged by 144 bps to 7.12% in 2025, then surged by 258 bps to 11.24% in 2026.
- The last three EBT Margin figures came in at 11.24% (Q1 2026), 7.12% (Q4 2025), and 15.13% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 25.29% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.49% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.92% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.54% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 0.73% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.62% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.31% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 11.24% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 17.22% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 12.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.24% |
| Dec 31, 2025 | -7.12% |
| Sep 30, 2025 | 15.13% |
| Jun 30, 2025 | 14.93% |
| Mar 31, 2025 | 10.81% |
| Dec 31, 2024 | 16.17% |
| Sep 30, 2024 | 13.09% |
| Jun 30, 2024 | 13.50% |
| Mar 31, 2024 | 10.04% |
| Dec 31, 2023 | 13.57% |
| Sep 30, 2023 | 15.01% |
| Jun 30, 2023 | 13.17% |
| Mar 31, 2023 | 9.67% |
| Dec 31, 2022 | 13.24% |
| Sep 30, 2022 | 17.29% |
| Jun 30, 2022 | 14.32% |
| Mar 31, 2022 | 9.15% |
| Dec 31, 2021 | 17.24% |
| Sep 30, 2021 | 16.69% |
| Jun 30, 2021 | 13.17% |