Travel & Leisure (TNL) Net Margin (2010 - 2026)

Travel & Leisure's (TNL) quarterly Net Margin came in at 10.25% in Q2 2026, up 24.74% quarter-over-quarter from 8.22% in Q1 2026.

Travel & Leisure (TNL) Net Margin (2010 - 2026) Analysis & Trends

Travel & Leisure's Net Margin history runs 17 years deep, the most recent figure standing at 10.25% for Q2 2026.

  • On a quarterly basis, Net Margin changed N/A year-over-year to 10.25% in Q2 2026; TTM through Jun 2026 was 4.59%, a 270.0% increase from a year earlier, with the FY2024 full-year figure at 0.85%, up 72.0% from the prior year.
  • Net Margin grew to 10.25% in Q2 2026 per TNL's latest filing, from 8.22% in the prior quarter.
  • Across five years, Net Margin topped out at 10.25% in Q2 2026 and bottomed at 0.1% in Q4 2024.
  • The 5-year median for Net Margin is 1.89% (2024), against an average of 3.8%.
  • Across the five-year window, Net Margin soared 272 bps in 2024 and soared 40 bps in 2026, its largest moves.
  • Year by year, Net Margin stood at 0.11% in 2022, then soared by 374 bps to 0.53% in 2023, then tumbled by 80 bps to 0.1% in 2024, then surged by 7489 bps to 7.82% in 2025, then soared by 31 bps to 10.25% in 2026.
  • Per Business Quant, the three latest TNL Net Margin figures stand at 10.25% (Q2 2026), 8.22% (Q1 2026), and 7.82% (Q1 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 19.58%
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 21.34%
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 5.97%
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -9.25%
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 17.99%
6 Carnival 34.61 Bn 32.38 Bn - 8.07%
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn -0.35%
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 4.49%
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 9.69%
10 Travel & Leisure 4.58 Bn 4.29 Bn 891.00 Mn 10.25%

Historic Data

Download Data
DateValue
Jun 30, 2026 10.25%
Mar 31, 2026 8.22%
Mar 31, 2025 7.82%
Dec 31, 2024 0.10%
Jun 30, 2024 3.25%
Jun 30, 2023 0.53%
Mar 31, 2023 0.11%
Dec 31, 2022 0.11%
Dec 31, 2021 -0.34%
Jun 30, 2021 -0.25%
Mar 31, 2021 4.62%
Dec 31, 2020 -0.31%
Dec 31, 2019 1.22%
Jun 30, 2019 0.58%
Mar 31, 2019 -0.11%
Dec 31, 2018 0.21%
Sep 30, 2018 -0.28%
Jun 30, 2018 -4.17%
Mar 31, 2018 -0.77%
Dec 31, 2017 -3.01%