Travel & Leisure (TNL) Gross Margin (2010 - 2026)
Travel & Leisure (TNL) posted Gross Margin of 83.82% for Q2 2026, down 1.65% on a QoQ basis from 85.22% in Q1 2026, and down 125.0% year-over-year from 335.28% in Q2 2025.
Analysis
Travel & Leisure (TNL) Gross Margin (2010 - 2026) Analysis & Trends
Travel & Leisure has reported Gross Margin for 12 years, with the latest figure at 83.82% in Q2 2026.
- On a quarterly basis, Gross Margin fell 125.0% year-over-year to 83.82% in Q2 2026; TTM through Jun 2026 was 92.4%, a 497.0% decrease from a year earlier, with the FY2025 full-year figure at 93.21%, down 441.0% from the prior year.
- Gross Margin was 83.82% for Q2 2026 at Travel & Leisure, down from 85.22% in the prior quarter.
- The five-year high for Gross Margin was 133.47% in Q4 2024, with the low at 83.82% in Q2 2026.
- Average Gross Margin over 5 years is 94.45%, with a median of 95.03% recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 3625 bps in 2024, then tumbled 1737 bps in 2025.
- Over 5 years, Gross Margin stood at 96.44% in 2022, then climbed by 1 bps to 97.22% in 2023, then surged by 37 bps to 133.47% in 2024, then decreased by 13 bps to 116.1% in 2025, then declined by 28 bps to 83.82% in 2026.
- The last three Gross Margin figures came in at 83.82% (Q2 2026), 85.22% (Q1 2026), and 116.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Travel & Leisure | 4.07 Bn | 3.79 Bn | 891.00 Mn | 83.82% |
| 2 | Marriott Vacations Worldwide | 3.54 Bn | 3.24 Bn | 1.29 Bn | 97.80% |
| 3 | Hilton Grand Vacations | 3.15 Bn | 2.88 Bn | 499.00 Mn | 36.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.82% |
| Mar 31, 2026 | 85.22% |
| Dec 31, 2025 | 116.10% |
| Sep 30, 2025 | 84.48% |
| Jun 30, 2025 | 85.07% |
| Mar 31, 2025 | 86.72% |
| Dec 31, 2024 | 133.47% |
| Sep 30, 2024 | 84.69% |
| Jun 30, 2024 | 85.38% |
| Mar 31, 2024 | 86.79% |
| Dec 31, 2023 | 97.22% |
| Sep 30, 2023 | 95.64% |
| Jun 30, 2023 | 96.52% |
| Mar 31, 2023 | 96.59% |
| Dec 31, 2022 | 96.44% |
| Sep 30, 2022 | 95.84% |
| Jun 30, 2022 | 95.01% |
| Mar 31, 2022 | 95.06% |
| Dec 31, 2021 | 94.02% |
| Sep 30, 2021 | 94.87% |