Travel & Leisure (TNL) Tax Rate (2010 - 2026)
Travel & Leisure (TNL) reported Tax Rate of 26.03% for Q3 2026, down 3.72 percentage points from 29.75% a year earlier and down 3.65 percentage points from the prior quarter.
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Analysis
Travel & Leisure (TNL) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Travel & Leisure's Tax Rate came in at 30.06%, up 2.24 percentage points year-over-year; for FY2025, it came in at 31.75%, up 5.43 percentage points from FY2024.
- Tax Rate has a four-year change of +4.71 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at 26.32% in FY2024 (+6.93 pp), 19.38% in FY2023 (-7.37 pp), 26.75% in FY2022 (-0.29 pp) and 27.04% in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Tax Rate since Q4 2024.
- Year over year, Tax Rate gained in three of the last six quarters, with an average year-over-year change of +0.31 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2022 (a gain of 13.94 percentage points); the low point was Q4 2021 (a drop of 59.44 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 25.09% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 1.53% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 25.76% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 0.83% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 1.14% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 22.78% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | - |
| 10 | Travel & Leisure | 4.62 Bn | 4.62 Bn | 1.08 Bn | 26.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.03% |
| Jun 30, 2026 | 29.68% |
| Mar 31, 2026 | 26.85% |
| Sep 30, 2025 | 29.75% |
| Jun 30, 2025 | 28.95% |
| Mar 31, 2025 | 27.72% |
| Dec 31, 2024 | 24.84% |
| Sep 30, 2024 | 25.38% |
| Jun 30, 2024 | 27.07% |
| Mar 31, 2024 | 28.26% |
| Sep 30, 2023 | 25.68% |
| Jun 30, 2023 | 28.80% |
| Mar 31, 2023 | 25.88% |
| Dec 31, 2022 | 24.37% |
| Sep 30, 2022 | 28.40% |
| Jun 30, 2022 | 24.24% |
| Mar 31, 2022 | 31.08% |
| Dec 31, 2021 | 26.67% |
| Sep 30, 2021 | 27.86% |
| Jun 30, 2021 | 29.52% |
API Access
Travel & Leisure Tax Rate 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=tax-rate&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();