Travel & Leisure (TNL) Operating Expenses (2010 - 2026)

Travel & Leisure's Operating Expenses history runs 17 years deep, the most recent figure standing at $802.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 80.22% year-over-year to $802.0 million; the TTM figure through Mar 2026 stood at $2.8 billion (down 20.53% YoY), while the FY2025 annual figure was $3.5 billion, up 10.76% from the prior year.
• Operating Expenses was $802.0 million for Q1 2026 at Travel & Leisure, down from $1.0 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $1.8 billion in Q4 2024 to a low of -$599.0 million in Q4 2023.
• Historically, Operating Expenses has averaged $606.1 million across 5 years, with a median of $468.0 million in 2025.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 249.38% in 2023, then jumped 403.34% in 2024.
• A 5-year view of Operating Expenses shows it stood at $401.0 million in 2022, then slumped by 249.38% to -$599.0 million in 2023, then surged by 403.34% to $1.8 billion in 2024, then slumped by 42.32% to $1.0 billion in 2025, then retreated by 23.47% to $802.0 million in 2026.
• The last three Operating Expenses figures came in at $802.0 million (Q1 2026), $1.0 billion (Q4 2025), and $468.0 million (Q3 2025), per Business Quant data.