Travel & Leisure TNL
NYSE TNL
$65.36 +0.66 (+1.02%)
As of: Sep 10, 2026 · 1:23 PM EDT

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

Historic Data

Download Data
DateValue
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%