Travel & Leisure (TNL) Equity Average (2009 - 2026)
Travel & Leisure (TNL) recorded quarterly Equity Average of -$1.0 billion in Q1 2026, down 11.2% quarter-over-quarter from -$901.5 million in Q4 2025, and down 12.45% on a YoY basis from -$1.1 billion in Q1 2025.
Travel & Leisure (TNL) Equity Average (2009 - 2026) Analysis & Trends
Travel & Leisure's Equity Average history runs 18 years deep, the most recent figure standing at -$1.0 billion for Q1 2026.
- In Q1 2026, Equity Average fell 12.45% year-over-year to -$1.0 billion; the TTM figure through Mar 2026 stood at -$1.0 billion (down 12.45% YoY), while the FY2025 annual figure was -$931.0 million, down 3.62% from the prior year.
- Equity Average was -$1.0 billion for Q1 2026 at Travel & Leisure, down from -$901.5 million in the prior quarter.
- In the past five years, Equity Average ranged from a high of -$802.5 million in Q1 2022 to a low of -$1.0 billion in Q1 2026.
- Historically, Equity Average has averaged -$904.4 million across 5 years, with a median of -$901.5 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Equity Average grew 17.44% in 2022, then decreased 19.43% in 2023.
- A 5-year view of Equity Average shows it stood at -$903.5 million in 2022, then fell by 5.92% to -$957.0 million in 2023, then increased by 9.04% to -$870.5 million in 2024, then dropped by 3.56% to -$901.5 million in 2025, then declined by 11.2% to -$1.0 billion in 2026.
- The last three Equity Average figures came in at -$1.0 billion (Q1 2026), -$901.5 million (Q4 2025), and -$837.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -7.15 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 7.92 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 10.03 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 12.67 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 2.19 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 2.32 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.61 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | -1.00 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 23.97 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.00 Bn |
| Dec 31, 2025 | -901.50 Mn |
| Sep 30, 2025 | -837.00 Mn |
| Jun 30, 2025 | -878.00 Mn |
| Mar 31, 2025 | -891.50 Mn |
| Dec 31, 2024 | -870.50 Mn |
| Sep 30, 2024 | -872.50 Mn |
| Jun 30, 2024 | -904.50 Mn |
| Mar 31, 2024 | -921.00 Mn |
| Dec 31, 2023 | -957.00 Mn |
| Sep 30, 2023 | -1.00 Bn |
| Jun 30, 2023 | -989.50 Mn |
| Mar 31, 2023 | -939.50 Mn |
| Dec 31, 2022 | -903.50 Mn |
| Sep 30, 2022 | -874.50 Mn |
| Jun 30, 2022 | -828.50 Mn |
| Mar 31, 2022 | -802.50 Mn |
| Dec 31, 2021 | -821.50 Mn |
| Sep 30, 2021 | -883.50 Mn |
| Jun 30, 2021 | -947.00 Mn |