Travel & Leisure (TNL) Invested Capital (2009 - 2026)
Travel & Leisure's (TNL) quarterly Invested Capital came in at $3.7 billion in Q2 2026, up 1.98% year-on-year from $3.6 billion in Q2 2025, and up 1.43% quarter-over-quarter from $3.6 billion in Q1 2026.
Travel & Leisure (TNL) Invested Capital (2009 - 2026) Analysis & Trends
Travel & Leisure's Invested Capital history runs 18 years deep, the most recent figure standing at $3.7 billion for Q2 2026.
- On a quarterly basis, Invested Capital rose 1.98% year-over-year to $3.7 billion in Q2 2026; TTM through Jun 2026 was $14.4 billion, a 1.76% increase from a year earlier, with the FY2025 full-year figure at $3.5 billion, changed 0.17% from the prior year.
- Invested Capital improved to $3.7 billion in Q2 2026 per TNL's latest filing, from $3.6 billion in the prior quarter.
- Across five years, Invested Capital topped out at $3.9 billion in Q1 2024 and bottomed at $3.4 billion in Q1 2022.
- The 5-year median for Invested Capital is $3.6 billion (2023), against an average of $3.6 billion.
- Across the five-year window, Invested Capital climbed 11.02% in 2024 and retreated 9.9% in 2025, its largest moves.
- Year by year, Invested Capital stood at $3.7 billion in 2022, then fell by 2.56% to $3.6 billion in 2023, then slipped by 2.99% to $3.5 billion in 2024, then climbed by 0.17% to $3.5 billion in 2025, then gained by 6.51% to $3.7 billion in 2026.
- Per Business Quant, the three latest TNL Invested Capital figures stand at $3.7 billion (Q2 2026), $3.6 billion (Q1 2026), and $3.5 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 3.02 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 1.45 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | - |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 7.65 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 374.61 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.47 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 15.61 Bn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Travel & Leisure | 4.58 Bn | 4.29 Bn | 891.00 Mn | 3.70 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.70 Bn |
| Mar 31, 2026 | 3.65 Bn |
| Dec 31, 2025 | 3.47 Bn |
| Sep 30, 2025 | 3.55 Bn |
| Jun 30, 2025 | 3.63 Bn |
| Mar 31, 2025 | 3.48 Bn |
| Dec 31, 2024 | 3.47 Bn |
| Sep 30, 2024 | 3.55 Bn |
| Jun 30, 2024 | 3.58 Bn |
| Mar 31, 2024 | 3.87 Bn |
| Dec 31, 2023 | 3.58 Bn |
| Sep 30, 2023 | 3.73 Bn |
| Jun 30, 2023 | 3.67 Bn |
| Mar 31, 2023 | 3.48 Bn |
| Dec 31, 2022 | 3.67 Bn |
| Sep 30, 2022 | 3.39 Bn |
| Jun 30, 2022 | 3.38 Bn |
| Mar 31, 2022 | 3.38 Bn |
| Dec 31, 2021 | 3.38 Bn |
| Sep 30, 2021 | 3.39 Bn |