Travel & Leisure (TNL) Net Margin (2010 - 2026)
Travel & Leisure (TNL) recorded quarterly Net Margin of 8.22% in Q1 2026, up 5.18% quarter-over-quarter from 7.82% in Q1 2025, and up 40.0% on a YoY basis from 5.87% in Q1 2025.
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 8.22% for Q1 2026.
- In Q1 2026, Net Margin rose 40.0% year-over-year to 8.22%; the TTM figure through Mar 2026 stood at 1.95% (down 78.0% YoY), while the FY2024 annual figure was 0.85%, up 72.0% from the prior year.
- Net Margin was 8.22% for Q1 2026 at Travel & Leisure, up from 7.82% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 8.22% in Q1 2026 to a low of 0.1% in Q4 2024.
- Historically, Net Margin has averaged 2.88% across 5 years, with a median of 0.53% in 2023.
- The sharpest annual moves came in 2024 and 2026: Net Margin jumped 272 bps in 2024, then jumped 40 bps in 2026.
- A 5-year view of Net Margin shows it stood at 0.11% in 2022, then soared by 374 bps to 0.53% in 2023, then sank by 80 bps to 0.1% in 2024, then surged by 7489 bps to 7.82% in 2025, then gained by 5 bps to 8.22% in 2026.
- The last three Net Margin figures came in at 8.22% (Q1 2026), 7.82% (Q1 2025), and 0.1% (Q4 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 9.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -0.10% |
| Sep 30, 2018 | 1.88% |
| Jun 30, 2018 | -4.17% |
| Mar 31, 2018 | -0.77% |
| Dec 31, 2017 | -3.54% |
| Sep 30, 2017 | 15.96% |