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
DateValue
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