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
DateValue
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%