Travel & Leisure Co. (TNL) stock
TNLNYSEHotels & MotelsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 6/3012% above fair value
$78.65+0.41 (+0.52%)
Close on Nov 13, 2026Market cap $4.74BP/E 20.9Yield 2.85%
Travel & Leisure gross margin
Gross margin is gross profit as a percentage of revenue.
Travel & Leisure's gross margin for the twelve months ending Sep 30, 2026 was 92.7%. For fiscal 2025 it was 93.2%, against 97.6% the year before. The highest annual figure on record is 99.9% in fiscal 2020.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 93.2% | −4.4 |
| FY2024 | Dec 31, 2024 | 97.6% | +1.2 |
| FY2023 | Dec 31, 2023 | 96.5% | +0.9 |
| FY2022 | Dec 31, 2022 | 95.6% | +0.6 |
| FY2021 | Dec 31, 2021 | 95.0% | −4.9 |
| FY2020 | Dec 31, 2020 | 99.9% | +4.5 |
| FY2019 | Dec 31, 2019 | 95.4% | +0.1 |
| FY2018 | Dec 31, 2018 | 95.3% | −0.7 |
| FY2017 | Dec 31, 2017 | 96.1% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 98.0% | −0.8 |
| Q2 FY2026 | Jun 30, 2026 | 97.3% | −0.7 |
| Q1 FY2026 | Mar 31, 2026 | 96.4% | −1.2 |
| Q4 FY2025 | Dec 31, 2025 | 79.0% | −19.9 |
| Q3 FY2025 | Sep 30, 2025 | 98.8% | +1.5 |
| Q2 FY2025 | Jun 30, 2025 | 97.9% | +0.1 |
| Q1 FY2025 | Mar 31, 2025 | 97.5% | +1.2 |
| Q4 FY2024 | Dec 31, 2024 | 99.0% | +1.7 |
| Q3 FY2024 | Sep 30, 2024 | 97.3% | +1.6 |
| Q2 FY2024 | Jun 30, 2024 | 97.9% | +1.3 |
| Q1 FY2024 | Mar 31, 2024 | 96.3% | −0.3 |
| Q4 FY2023 | Dec 31, 2023 | 97.2% | +0.8 |
| Q3 FY2023 | Sep 30, 2023 | 95.6% | −0.2 |
| Q2 FY2023 | Jun 30, 2023 | 96.5% | +1.5 |
| Q1 FY2023 | Mar 31, 2023 | 96.6% | +1.5 |
| Q4 FY2022 | Dec 31, 2022 | 96.4% | +2.4 |
| Q3 FY2022 | Sep 30, 2022 | 95.8% | +1.0 |
| Q2 FY2022 | Jun 30, 2022 | 95.0% | +0.2 |
| Q1 FY2022 | Mar 31, 2022 | 95.1% | −1.6 |
| Q4 FY2021 | Dec 31, 2021 | 94.0% | −1.6 |
| Q3 FY2021 | Sep 30, 2021 | 94.9% | −1.5 |
| Q2 FY2021 | Jun 30, 2021 | 94.9% | −10.1 |
| Q1 FY2021 | Mar 31, 2021 | 96.7% | −8.9 |
| Q4 FY2020 | Dec 31, 2020 | 95.7% | +0.2 |
| Q3 FY2020 | Sep 30, 2020 | 96.4% | +1.8 |
| Q2 FY2020 | Jun 30, 2020 | 105.0% | +9.8 |
| Q1 FY2020 | Mar 31, 2020 | 105.6% | +8.8 |
| Q4 FY2019 | Dec 31, 2019 | 95.4% | +0.9 |
| Q3 FY2019 | Sep 30, 2019 | 94.6% | −0.4 |
| Q2 FY2019 | Jun 30, 2019 | 95.2% | −0.1 |
| Q1 FY2019 | Mar 31, 2019 | 96.7% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 94.6% | – |
| Q3 FY2018 | Sep 30, 2018 | 95.0% | – |
| Q2 FY2018 | Jun 30, 2018 | 95.3% | – |
| Q1 FY2018 | Mar 31, 2018 | 96.6% | – |
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