Travel & Leisure (TNL) Free Cash Flow (2009 - 2026)
Travel & Leisure (TNL) recorded Free Cash Flow of $195 million in Q2 2026, unchanged from $195 million a year earlier and up 926.3% from the prior quarter.
Powered by 
Analysis
Travel & Leisure (TNL) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Travel & Leisure's Free Cash Flow came in at $442 million as of Jun 30, 2026, down 10.7% year-over-year; for FY2025, it came in at $523 million, up 36.6% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 11.4% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $383 million in FY2024 (+38.8%), $276 million in FY2023 (-29.2%), $390 million in FY2022 (-23.7%) and $511 million in FY2021 (+67.5%).
- On a year-over-year basis, Free Cash Flow rose in five of the last eight quarters, with growth averaging 30.3%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 233.3% in Q1 2025, against a decline of 81.0% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $19 million (Q1 2026), $92 million (Q4 2025) and $136 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | 796.00 Mn |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | 460.00 Mn |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | -877.00 Mn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 1.12 Bn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | 712.00 Mn |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | 28.00 Mn |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 525.03 Mn |
| 10 | Travel & Leisure | 3.79 Bn | 3.79 Bn | 1.03 Bn | 195.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 195.00 Mn |
| Mar 31, 2026 | 19.00 Mn |
| Dec 31, 2025 | 92.00 Mn |
| Sep 30, 2025 | 136.00 Mn |
| Jun 30, 2025 | 195.00 Mn |
| Mar 31, 2025 | 100.00 Mn |
| Dec 31, 2024 | 75.00 Mn |
| Sep 30, 2024 | 125.00 Mn |
| Jun 30, 2024 | 153.00 Mn |
| Mar 31, 2024 | 30.00 Mn |
| Dec 31, 2023 | 120.00 Mn |
| Sep 30, 2023 | 74.00 Mn |
| Jun 30, 2023 | 87.00 Mn |
| Mar 31, 2023 | -5.00 Mn |
| Dec 31, 2022 | 159.00 Mn |
| Sep 30, 2022 | 25.00 Mn |
| Jun 30, 2022 | 75.00 Mn |
| Mar 31, 2022 | 131.00 Mn |
| Dec 31, 2021 | 116.00 Mn |
| Sep 30, 2021 | 130.00 Mn |
API Access
Travel & Leisure Free Cash Flow 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=free-cash-flow&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();