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

Travel & Leisure's Operating Margin history runs 17 years deep, the most recent figure standing at 19.76% for Q2 2026.

• On a quarterly basis, Operating Margin fell 48.0% year-over-year to 19.76% in Q2 2026; TTM through Jun 2026 was 13.68%, a 565.0% decrease from a year earlier, with the FY2025 full-year figure at 13.75%, down 522.0% from the prior year.
• Operating Margin rose to 19.76% in Q2 2026 per TNL's latest filing, from 16.55% in the prior quarter.
• Across five years, Operating Margin topped out at 21.22% in Q4 2024 and bottomed at 2.24% in Q4 2025.
• The 5-year median for Operating Margin is 19.24% (2023), against an average of 17.58%.
• Across the five-year window, Operating Margin soared 239 bps in 2023 and sank 2346 bps in 2025, its largest moves.
• Year by year, Operating Margin stood at 18.02% in 2022, then advanced by 13 bps to 20.41% in 2023, then advanced by 4 bps to 21.22% in 2024, then sank by 111 bps to 2.24% in 2025, then surged by 980 bps to 19.76% in 2026.
• Per Business Quant, the three latest TNL Operating Margin figures stand at 19.76% (Q2 2026), 16.55% (Q1 2026), and 2.24% (Q4 2025).