Travel & Leisure (TNL) FCF Margin (2010 - 2026)
Travel & Leisure (TNL) posted quarterly FCF Margin of 18.34% for Q2 2026, down 81.0% year-over-year from 96.55% in Q2 2025, and up 827.84% quarter-over-quarter from 1.98% in Q1 2026.
Travel & Leisure (TNL) FCF Margin (2010 - 2026) Analysis & Trends
Travel & Leisure's FCF Margin history runs 17 years deep, the most recent figure standing at 18.34% for Q2 2026.
- In Q2 2026, FCF Margin fell 81.0% year-over-year to 18.34%; the TTM figure through Jun 2026 stood at 10.8% (down 184.0% YoY), while the FY2025 annual figure was 13.01%, up 309.0% from the prior year.
- FCF Margin for Q2 2026 stood at 18.34%, up from 1.98% in the prior quarter.
- The five-year high for FCF Margin was 19.16% in Q2 2025, with the low at 0.57% in Q1 2023.
- The 5-year median for FCF Margin is 9.94% (2023), against an average of 10.27%.
- The sharpest annual moves came in 2022 and 2025: FCF Margin tumbled 1683 bps in 2022, then surged 743 bps in 2025.
- Travel & Leisure's FCF Margin stood at 17.69% in 2022, then decreased by 28 bps to 12.82% in 2023, then slumped by 40 bps to 7.72% in 2024, then climbed by 16 bps to 8.98% in 2025, then soared by 104 bps to 18.34% in 2026.
- Business Quant data shows TNL's FCF Margin at 18.34% in Q2 2026, 1.98% in Q1 2026, and 8.98% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.63 Bn | 140.41 Bn | 4.98 Bn | 49.55% |
| 2 | Airbnb | 106.16 Bn | 94.09 Bn | 2.98 Bn | 35.20% |
| 3 | Royal Caribbean Cruises | 81.03 Bn | 80.11 Bn | 2.29 Bn | -18.15% |
| 4 | Viking Holdings | 44.28 Bn | 40.47 Bn | 713.43 Mn | 57.75% |
| 5 | Carnival | 38.41 Bn | 36.17 Bn | - | 26.34% |
| 6 | Expedia | 38.31 Bn | 31.18 Bn | 3.91 Bn | 29.64% |
| 7 | Trip.com | 29.06 Bn | 17.36 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.36 Bn | 8.15 Bn | 1.05 Bn | 5.49% |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | 9.35% |
| 10 | Travel & Leisure | 4.62 Bn | 4.33 Bn | 891.00 Mn | 18.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.34% |
| Mar 31, 2026 | 1.98% |
| Dec 31, 2025 | 8.98% |
| Sep 30, 2025 | 13.03% |
| Jun 30, 2025 | 19.16% |
| Mar 31, 2025 | 10.71% |
| Dec 31, 2024 | 7.72% |
| Sep 30, 2024 | 12.59% |
| Jun 30, 2024 | 15.53% |
| Mar 31, 2024 | 3.28% |
| Dec 31, 2023 | 12.82% |
| Sep 30, 2023 | 7.51% |
| Jun 30, 2023 | 9.17% |
| Mar 31, 2023 | -0.57% |
| Dec 31, 2022 | 17.69% |
| Sep 30, 2022 | 2.67% |
| Jun 30, 2022 | 8.13% |
| Mar 31, 2022 | 16.19% |
| Dec 31, 2021 | 13.33% |
| Sep 30, 2021 | 15.49% |