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| Date | Value |
|---|---|
| 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% |