Travel & Leisure (TNL) Operating Income (2010 - 2026)
Travel & Leisure (TNL) recorded Operating Income of $195 million in Q3 2026, down 8.9% from $214 million a year earlier and down 7.1% from the prior quarter.
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Analysis
Travel & Leisure (TNL) Operating Income (2010 - 2026) Analysis & Trends
On a TTM basis, Travel & Leisure's Operating Income came in at $541 million as of Sep 30, 2026, down 30.8% year-over-year; for FY2025, it was $553 million, down 24.6% from FY2024.
- Across earlier years, Operating Income came in at $733 million in FY2024 (+1.8%), $720 million in FY2023 (+10.3%), $653 million in FY2022 (+5.7%) and $618 million in FY2021.
- Quarterly Operating Income has ranged from -$23 million in Q4 2025 to $214 million in Q3 2025 over the past five years.
- On a year-over-year basis, Operating Income rose in six of the last seven quarters, with growth averaging 4.2%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 129.4% in Q4 2021, against a decline of 16.9% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $210 million (Q2 2026), $159 million (Q1 2026) and -$23 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 1.27 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 1.87 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 909.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 2.22 Bn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 643.90 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | -216.00 Mn |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -1.16 Bn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 326.00 Mn |
| 10 | Travel & Leisure | 4.62 Bn | 4.62 Bn | 1.08 Bn | 195.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 195.00 Mn |
| Jun 30, 2026 | 210.00 Mn |
| Mar 31, 2026 | 159.00 Mn |
| Dec 31, 2025 | -23.00 Mn |
| Sep 30, 2025 | 214.00 Mn |
| Jun 30, 2025 | 206.00 Mn |
| Mar 31, 2025 | 156.00 Mn |
| Dec 31, 2024 | 206.00 Mn |
| Sep 30, 2024 | 189.00 Mn |
| Jun 30, 2024 | 189.00 Mn |
| Mar 31, 2024 | 150.00 Mn |
| Dec 31, 2023 | 191.00 Mn |
| Sep 30, 2023 | 207.00 Mn |
| Jun 30, 2023 | 183.00 Mn |
| Mar 31, 2023 | 138.00 Mn |
| Dec 31, 2022 | 162.00 Mn |
| Sep 30, 2022 | 189.00 Mn |
| Jun 30, 2022 | 185.00 Mn |
| Mar 31, 2022 | 117.00 Mn |
| Dec 31, 2021 | 195.00 Mn |
API Access
Travel & Leisure Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();