Travel & Leisure (TNL) Invested Capital (2009 - 2026)
Travel & Leisure (TNL) recorded quarterly Invested Capital of $2.6 billion in Q1 2026, up 5.34% quarter-over-quarter from $2.5 billion in Q4 2025, and up 1.7% on a YoY basis from $2.6 billion in Q1 2025.
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 $2.6 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 1.7% year-over-year to $2.6 billion; the TTM figure through Mar 2026 stood at $2.6 billion (up 1.7% YoY), while the FY2025 annual figure was $2.5 billion, down 3.71% from the prior year.
- Invested Capital was $2.6 billion for Q1 2026 at Travel & Leisure, up from $2.5 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $2.9 billion in Q1 2024 to a low of $2.5 billion in Q3 2022.
- Historically, Invested Capital has averaged $2.6 billion across 5 years, with a median of $2.7 billion in 2023.
- The sharpest annual moves came in 2024 and 2025: Invested Capital advanced 17.3% in 2024, then dropped 12.27% in 2025.
- A 5-year view of Invested Capital shows it stood at $2.8 billion in 2022, then fell by 3.87% to $2.7 billion in 2023, then decreased by 2.63% to $2.6 billion in 2024, then dropped by 3.71% to $2.5 billion in 2025, then gained by 5.34% to $2.6 billion in 2026.
- The last three Invested Capital figures came in at $2.6 billion (Q1 2026), $2.5 billion (Q4 2025), and $2.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 8.18 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.11 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 9.82 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 39.05 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 6.31 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 18.04 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 3.13 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.63 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 24.09 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 1.40 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.63 Bn |
| Dec 31, 2025 | 2.49 Bn |
| Sep 30, 2025 | 2.73 Bn |
| Jun 30, 2025 | 2.78 Bn |
| Mar 31, 2025 | 2.58 Bn |
| Dec 31, 2024 | 2.59 Bn |
| Sep 30, 2024 | 2.69 Bn |
| Jun 30, 2024 | 2.69 Bn |
| Mar 31, 2024 | 2.94 Bn |
| Dec 31, 2023 | 2.66 Bn |
| Sep 30, 2023 | 2.73 Bn |
| Jun 30, 2023 | 2.67 Bn |
| Mar 31, 2023 | 2.51 Bn |
| Dec 31, 2022 | 2.77 Bn |
| Sep 30, 2022 | 2.49 Bn |
| Jun 30, 2022 | 2.53 Bn |
| Mar 31, 2022 | 2.57 Bn |
| Dec 31, 2021 | 2.59 Bn |
| Sep 30, 2021 | 2.54 Bn |
| Jun 30, 2021 | 2.47 Bn |