Travel & Leisure (TNL) Tax Rate (2010 - 2026)

Travel & Leisure (TNL) recorded quarterly Tax Rate of 26.85% in Q1 2026, up 63.35% quarter-over-quarter from 16.44% in Q4 2025, and down 87.0% on a YoY basis from 206.55% in Q1 2025.

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 26.85% for Q1 2026.

  • In Q1 2026, Tax Rate fell 87.0% year-over-year to 26.85%; the TTM figure through Mar 2026 stood at 31.3% (up 520.0% YoY), while the FY2025 annual figure was 31.75%, up 543.0% from the prior year.
  • Tax Rate was 26.85% for Q1 2026 at Travel & Leisure, up from 16.44% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 31.08% in Q1 2022 to a low of 1.57% in Q4 2023.
  • Historically, Tax Rate has averaged 24.83% across 5 years, with a median of 26.85% in 2026.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate sank 2594 bps in 2023, then soared 2642 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 24.37% in 2022, then sank by 106 bps to 1.57% in 2023, then soared by 1677 bps to 24.84% in 2024, then plunged by 34 bps to 16.44% in 2025, then surged by 63 bps to 26.85% in 2026.
  • The last three Tax Rate figures came in at 26.85% (Q1 2026), 16.44% (Q4 2025), and 29.75% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 22.59%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 43.06%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 2.66%
4 Carnival 37.80 Bn 36.39 Bn - 6.07%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 148.00%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 2.78%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn -381.82%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 26.85%
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -31.32%
10 MakeMyTrip 2.12 Bn 1.35 Bn - -19.68%

Historic Data

Download Data
DateValue
Mar 31, 2026 26.85%
Mar 31, 2026 26.85%
Dec 31, 2025 16.44%
Dec 31, 2025 16.44%
Sep 30, 2025 29.75%
Sep 30, 2025 29.75%
Jun 30, 2025 28.95%
Jun 30, 2025 28.95%
Mar 31, 2025 27.72%
Mar 31, 2025 27.72%
Dec 31, 2024 24.84%
Dec 31, 2024 24.84%
Sep 30, 2024 25.38%
Sep 30, 2024 25.38%
Jun 30, 2024 27.07%
Jun 30, 2024 27.07%
Mar 31, 2024 28.26%
Mar 31, 2024 28.26%
Dec 31, 2023 -1.57%
Dec 31, 2023 -1.57%