Travel & Leisure (TNL) FCF Payout Ratio (2009 - 2026)
Travel & Leisure's (TNL) FCF Payout Ratio stood at 0.32 in Q3 2026, up 22.5% from 0.26 a year earlier and up 70.9% from the prior quarter.
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Analysis
Travel & Leisure (TNL) FCF Payout Ratio (2009 - 2026) Analysis & Trends
On a TTM basis, Travel & Leisure's FCF Payout Ratio came in at 0.36 as of Sep 30, 2026, up 22.2% year-over-year; for FY2025, it came in at 0.28, down 23.2% from FY2024.
- Across earlier years, FCF Payout Ratio came in at 0.37 in FY2024 (-24.8%), 0.49 in FY2023 (+42.4%), 0.35 in FY2022 (+62.3%) and 0.21 in FY2021 (-52.9%).
- Quarterly FCF Payout Ratio has ranged from 0.19 in Q2 2025 to 2.16 in Q1 2026 over the past five years.
- On a year-over-year basis, FCF Payout Ratio rose in three of the last eight quarters, with growth averaging 51.6%.
- Peak year-over-year performance for FCF Payout Ratio in the last five years was growth of 560.0% in Q3 2022, against a decline of 67.6% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.19 (Q2 2026), 2.16 (Q1 2026) and 0.38 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 105.50 Bn | 103.55 Bn | 1.55 Bn | 0.24 |
| 2 | Royal Caribbean Cruises | 83.07 Bn | 80.01 Bn | 2.88 Bn | - |
| 3 | Hilton Worldwide Holdings | 79.96 Bn | 76.69 Bn | 3.05 Bn | - |
| 4 | Viking Holdings | 39.68 Bn | 24.80 Bn | 996.62 Mn | - |
| 5 | Carnival | 39.31 Bn | 32.49 Bn | - | - |
| 6 | Intercontinental Hotels | 26.15 Bn | 22.12 Bn | - | - |
| 7 | Trip.com | 25.34 Bn | -19.69 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.49 Bn | 388.00 Mn | 0.50 |
| 9 | H World | 14.39 Bn | 5.79 Bn | 456.00 Mn | - |
| 10 | Travel & Leisure | 4.38 Bn | 4.38 Bn | 1.08 Bn | 0.32 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.32 |
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 2.16 |
| Dec 31, 2025 | 0.38 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.41 |
| Dec 31, 2024 | 0.45 |
| Sep 30, 2024 | 0.28 |
| Jun 30, 2024 | 0.23 |
| Mar 31, 2024 | 1.27 |
| Dec 31, 2023 | 0.27 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.40 |
| Dec 31, 2022 | 0.20 |
| Sep 30, 2022 | 1.32 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.20 |
API Access
Travel & Leisure FCF Payout Ratio 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=fcf-payout-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "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=fcf-payout-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();