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
DateValue
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