Travel & Leisure (TNL) Other Operating Expenses (2010 - 2026)
Travel & Leisure's Other Operating Expenses was $734 million in Q3 2026, up 8.6% from $676 million a year earlier and up 6.2% from the prior quarter.
Powered by 
Analysis
Travel & Leisure (TNL) Other Operating Expenses (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Travel & Leisure's Other Operating Expenses was $2.71 billion through Sep 30, 2026, up 5.1% year-over-year; for FY2025, it was $2.61 billion, up 3.5% from FY2024.
- Other Operating Expenses has now increased for five consecutive years, with a five-year compound annual growth rate of 9.6% (FY2020 to FY2025).
- In earlier years, Other Operating Expenses was $2.52 billion in FY2024 (+3.5%), $2.44 billion in FY2023 (+6.3%), $2.29 billion in FY2022 (+16.7%) and $1.96 billion in FY2021 (+19.0%).
- The Q3 2026 figure marks the highest quarterly Other Operating Expenses since Q2 2018.
- Compared with a year earlier, Other Operating Expenses has increased for six straight quarters, with growth averaging 3.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Other Operating Expenses ran from 0.0% in Q1 2025 to 31.9% in Q1 2022.
- Per Business Quant data, TNL's Other Operating Expenses in the three quarters before Q3 2026 was $691 million (Q2 2026), $632 million (Q1 2026) and $648 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 105.39 Bn | 103.43 Bn | 1.55 Bn |
| 2 | Royal Caribbean Cruises | 81.61 Bn | 78.54 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 79.79 Bn | 76.53 Bn | 3.05 Bn |
| 4 | Carnival | 39.37 Bn | 32.56 Bn | - |
| 5 | Viking Holdings | 38.86 Bn | 23.98 Bn | 996.62 Mn |
| 6 | Trip.com | 26.00 Bn | -19.04 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 25.87 Bn | 21.84 Bn | - |
| 8 | Hyatt Hotels | 16.96 Bn | 14.38 Bn | 384.00 Mn |
| 9 | H World | 14.64 Bn | 6.04 Bn | 456.00 Mn |
| 10 | Travel & Leisure | 4.36 Bn | 4.36 Bn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 769.00 Mn |
| Jun 30, 2026 | 723.00 Mn |
| Mar 31, 2026 | 683.00 Mn |
| Dec 31, 2025 | 890.00 Mn |
| Sep 30, 2025 | 708.00 Mn |
| Jun 30, 2025 | 696.00 Mn |
| Mar 31, 2025 | 656.00 Mn |
| Dec 31, 2024 | 638.00 Mn |
| Sep 30, 2024 | 679.00 Mn |
| Jun 30, 2024 | 668.00 Mn |
| Mar 31, 2024 | 654.00 Mn |
| Dec 31, 2023 | 624.00 Mn |
| Sep 30, 2023 | 669.00 Mn |
| Jun 30, 2023 | 641.00 Mn |
| Mar 31, 2023 | 615.00 Mn |
| Dec 31, 2022 | 610.00 Mn |
| Sep 30, 2022 | 631.00 Mn |
| Jun 30, 2022 | 615.00 Mn |
| Mar 31, 2022 | 565.00 Mn |
| Dec 31, 2021 | 566.00 Mn |
API Access
Travel & Leisure Other Operating Expenses 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=other-operating-expenses&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "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=other-operating-expenses&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();