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| Date | Value |
|---|---|
| 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% |