Travel & Leisure (TNL) Intangibles (2009 - 2026)
Travel & Leisure (TNL) reported Intangibles of $299 million for Q3 2026, up 46.6% from $204 million a year earlier and up 51.8% from the prior quarter.
Powered by 
Analysis
Travel & Leisure (TNL) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Travel & Leisure posted Intangibles of $201 million, down 3.8% from FY2024.
- Intangibles has a five-year compound annual growth rate of 8.9% (FY2020 to FY2025).
- By year, Intangibles came in at $209 million in FY2024 (+5.0%), $199 million in FY2023 (-3.9%), $207 million in FY2022 (-5.5%) and $219 million in FY2021 (+67.2%).
- The Q3 2026 figure ranks as the highest quarterly Intangibles since Q1 2018.
- Year over year, Intangibles gained in three of the last eight quarters, with growth averaging 4.4%.
- The high point for year-over-year Intangibles in five years was Q4 2021 (growth of 67.2%); the low point was Q4 2022 (a decline of 5.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $197 million (Q2 2026), $200 million (Q1 2026) and $201 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 104.22 Bn | 102.26 Bn | 1.55 Bn | 10.47 Bn |
| 2 | Royal Caribbean Cruises | 83.02 Bn | 80.16 Bn | 2.88 Bn | - |
| 3 | Hilton Worldwide Holdings | 79.64 Bn | 76.40 Bn | 3.05 Bn | 5.01 Bn |
| 4 | Viking Holdings | 40.36 Bn | 25.49 Bn | 996.62 Mn | - |
| 5 | Carnival | 38.78 Bn | 31.98 Bn | - | 1.18 Bn |
| 6 | Intercontinental Hotels | 27.94 Bn | 23.91 Bn | - | - |
| 7 | Trip.com | 25.05 Bn | -19.75 Bn | 1.84 Bn | 1.91 Bn |
| 8 | Hyatt Hotels | 17.32 Bn | 15.05 Bn | 384.00 Mn | 2.02 Bn |
| 9 | H World | 14.40 Bn | 5.83 Bn | 456.00 Mn | 711.00 Mn |
| 10 | Travel & Leisure | 4.31 Bn | 4.31 Bn | 1.08 Bn | 299.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 299.00 Mn |
| Jun 30, 2026 | 197.00 Mn |
| Mar 31, 2026 | 200.00 Mn |
| Dec 31, 2025 | 201.00 Mn |
| Sep 30, 2025 | 204.00 Mn |
| Jun 30, 2025 | 208.00 Mn |
| Mar 31, 2025 | 209.00 Mn |
| Dec 31, 2024 | 209.00 Mn |
| Sep 30, 2024 | 215.00 Mn |
| Jun 30, 2024 | 216.00 Mn |
| Mar 31, 2024 | 197.00 Mn |
| Dec 31, 2023 | 199.00 Mn |
| Sep 30, 2023 | 201.00 Mn |
| Jun 30, 2023 | 204.00 Mn |
| Mar 31, 2023 | 207.00 Mn |
| Dec 31, 2022 | 207.00 Mn |
| Sep 30, 2022 | 211.00 Mn |
| Jun 30, 2022 | 213.00 Mn |
| Mar 31, 2022 | 216.00 Mn |
| Dec 31, 2021 | 219.00 Mn |
API Access
Travel & Leisure Intangibles 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=intangibles&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();