Travel & Leisure (TNL) EBT Margin (2010 - 2026)
Travel & Leisure (TNL) posted quarterly EBT Margin of 14.58% for Q2 2026, down 35.0% year-over-year from 22.43% in Q2 2025, and up 29.75% quarter-over-quarter from 11.24% in Q1 2026.
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 14.58% for Q2 2026.
- In Q2 2026, EBT Margin fell 35.0% year-over-year to 14.58%; the TTM figure through Jun 2026 stood at 8.5% (down 529.0% YoY), while the FY2025 annual figure was 8.38%, down 490.0% from the prior year.
- EBT Margin for Q2 2026 stood at 14.58%, up from 11.24% in the prior quarter.
- The five-year high for EBT Margin was 17.29% in Q3 2022, with the low at 7.12% in Q4 2025.
- The 5-year median for EBT Margin is 13.37% (2022), against an average of 12.1%.
- The sharpest annual moves came in 2022 and 2025: EBT Margin jumped 357 bps in 2022, then sank 2329 bps in 2025.
- Travel & Leisure's EBT Margin stood at 13.24% in 2022, then grew by 3 bps to 13.57% in 2023, then rose by 19 bps to 16.17% in 2024, then tumbled by 144 bps to 7.12% in 2025, then jumped by 305 bps to 14.58% in 2026.
- Business Quant data shows TNL's EBT Margin at 14.58% in Q2 2026, 11.24% in Q1 2026, and 7.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.63 Bn | 140.41 Bn | 4.98 Bn | 34.82% |
| 2 | Airbnb | 106.16 Bn | 94.09 Bn | 2.98 Bn | 24.86% |
| 3 | Royal Caribbean Cruises | 81.03 Bn | 80.11 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 44.28 Bn | 40.47 Bn | 713.43 Mn | 17.70% |
| 5 | Carnival | 38.41 Bn | 36.17 Bn | - | 8.33% |
| 6 | Expedia | 38.31 Bn | 31.18 Bn | 3.91 Bn | 23.80% |
| 7 | Trip.com | 29.06 Bn | 17.36 Bn | 1.86 Bn | 28.21% |
| 8 | Norwegian Cruise Line Holdings | 8.36 Bn | 8.15 Bn | 1.05 Bn | 8.56% |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 5.41% |
| 10 | Travel & Leisure | 4.62 Bn | 4.33 Bn | 891.00 Mn | 14.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.58% |
| 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% |