Travel & Leisure (TNL) EBT Margin (2010 - 2026)
Travel & Leisure (TNL) posted EBT Margin of 13.26% for Q3 2026, down 1.87 percentage points from 15.13% a year earlier and down 1.32 percentage points from the prior quarter.
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Analysis
Travel & Leisure (TNL) EBT Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBT Margin at Travel & Leisure was 8.10%, down 6.22 percentage points year-over-year; for FY2025, it was 8.38%, down 4.90 percentage points from FY2024.
- Annual EBT Margin shows a five-year change of +21.16 percentage points (FY2020 to FY2025).
- In prior years, Travel & Leisure's EBT Margin was 13.28% in FY2024 (+0.34 pp), 12.93% in FY2023 (-0.69 pp), 13.62% in FY2022 (-0.06 pp) and 13.69% in FY2021 (+26.47 pp).
- Quarterly EBT Margin has run from a low of -7.12% in Q4 2025 to a high of 17.29% in Q3 2022 over five years.
- On a year-over-year basis, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of -2.28 percentage points.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q4 2021, with a gain of 11.66 percentage points; the weakest was Q4 2025, with a drop of 23.29 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 14.58% (Q2 2026), 11.24% (Q1 2026) and -7.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 105.39 Bn | 103.43 Bn | 1.55 Bn | 14.76% |
| 2 | Royal Caribbean Cruises | 81.61 Bn | 78.54 Bn | 2.88 Bn | 31.51% |
| 3 | Hilton Worldwide Holdings | 79.79 Bn | 76.53 Bn | 3.05 Bn | 21.71% |
| 4 | Carnival | 39.37 Bn | 32.56 Bn | - | 22.99% |
| 5 | Viking Holdings | 38.86 Bn | 23.98 Bn | 996.62 Mn | 27.14% |
| 6 | Trip.com | 26.00 Bn | -19.04 Bn | 1.84 Bn | -14.17% |
| 7 | Intercontinental Hotels | 25.87 Bn | 21.84 Bn | - | - |
| 8 | Hyatt Hotels | 16.96 Bn | 14.38 Bn | 384.00 Mn | 4.53% |
| 9 | H World | 14.64 Bn | 6.04 Bn | 456.00 Mn | 31.43% |
| 10 | Travel & Leisure | 4.36 Bn | 4.36 Bn | 1.08 Bn | 13.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.26% |
| 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% |
API Access
Travel & Leisure EBT 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=ebt-margin&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();