Travel & Leisure (TNL) Tax Rate (2010 - 2026)
Travel & Leisure's (TNL) quarterly Tax Rate came in at 29.68% in Q2 2026, up 73.0% year-on-year from 17.15% in Q2 2025, and up 10.52% quarter-over-quarter from 26.85% in Q1 2026.
Travel & Leisure (TNL) Tax Rate (2010 - 2026) Analysis & Trends
Travel & Leisure's Tax Rate history runs 17 years deep, the most recent figure standing at 29.68% for Q2 2026.
- On a quarterly basis, Tax Rate rose 73.0% year-over-year to 29.68% in Q2 2026; TTM through Jun 2026 was 31.61%, a 494.0% increase from a year earlier, with the FY2025 full-year figure at 31.75%, up 543.0% from the prior year.
- Tax Rate improved to 29.68% in Q2 2026 per TNL's latest filing, from 26.85% in the prior quarter.
- Across five years, Tax Rate topped out at 31.08% in Q1 2022 and bottomed at 1.57% in Q4 2023.
- The 5-year median for Tax Rate is 26.96% (2024), against an average of 25.1%.
- Across the five-year window, Tax Rate sank 2594 bps in 2023 and surged 2642 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 24.37% in 2022, then tumbled by 106 bps to 1.57% in 2023, then soared by 1677 bps to 24.84% in 2024, then slumped by 34 bps to 16.44% in 2025, then soared by 81 bps to 29.68% in 2026.
- Per Business Quant, the three latest TNL Tax Rate figures stand at 29.68% (Q2 2026), 26.85% (Q1 2026), and 16.44% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.59% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 2.66% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 43.06% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -14.69% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -1.63% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 3.06% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 148.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 2.78% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -19.68% |
| 10 | Travel & Leisure | 4.58 Bn | 4.29 Bn | 891.00 Mn | 29.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.68% |
| Jun 30, 2026 | 29.68% |
| Jun 30, 2026 | 29.68% |
| Mar 31, 2026 | 26.85% |
| Mar 31, 2026 | 26.85% |
| Mar 31, 2026 | 26.85% |
| Dec 31, 2025 | 16.44% |
| Dec 31, 2025 | 16.44% |
| Dec 31, 2025 | 16.44% |
| Sep 30, 2025 | 29.75% |
| Sep 30, 2025 | 29.75% |
| Sep 30, 2025 | 29.75% |
| Jun 30, 2025 | 28.95% |
| Jun 30, 2025 | 28.95% |
| Jun 30, 2025 | 28.95% |
| Mar 31, 2025 | 27.72% |
| Mar 31, 2025 | 27.72% |
| Mar 31, 2025 | 27.72% |
| Dec 31, 2024 | 24.84% |
| Dec 31, 2024 | 24.84% |