SuperworthTravel & Leisure profit margin TNL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 5.8%
- Operating margin, 12 months
- 13.7%
- Net margin on a year earlier
- −4.3 pts
- Peer median
- 7.2%
Over the twelve months to Jun 30, 2026, Travel & Leisure kept 5.8% of its revenue as net profit, with an operating margin of 13.7% and a gross margin of 92.9%.
Five years earlier its net margin was 5.3%.
The median for 9 hotel stocks of a similar size is 7.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 5.7% | 13.8% | 93.2% |
| FY2024 | 10.6% | 19.0% | 97.6% |
| FY2023 | 10.6% | 19.2% | 96.5% |
| FY2022 | 10.0% | 18.3% | 95.6% |
| FY2021 | 9.9% | 19.8% | 95.0% |
| FY2020 | −11.9% | −4.9% | 99.9% |
| FY2019 | 12.5% | 20.1% | 95.4% |
| FY2018 | 17.1% | 13.3% | 95.3% |
| FY2017 | 22.4% | 11.6% | n/a |
| FY2016 | 12.4% | 21.4% | n/a |
| FY2015 | 11.0% | 18.3% | n/a |
| FY2014 | 10.0% | 17.8% | n/a |
| FY2013 | 8.6% | 18.2% | n/a |
| FY2012 | 8.8% | 18.8% | n/a |
| FY2011 | 9.8% | 18.0% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.8% | −4.3 pts | 13.7% | |
| Q1 FY26 | 5.9% | −4.9 pts | 13.7% | |
| Q4 FY25 | 5.7% | −4.9 pts | 13.8% | |
| Q3 FY25 | 10.4% | −0.6 pts | 19.7% | |
| Q2 FY25 | 10.1% | −1.2 pts | 19.3% | |
| Q1 FY25 | 10.8% | +0.2 pts | 19.1% | |
| Q4 FY24 | 10.6% | +0.0 pts | 19.0% | |
| Q3 FY24 | 11.0% | +1.3 pts | 18.8% | |
| Q2 FY24 | 11.4% | +1.4 pts | 19.3% | |
| Q1 FY24 | 10.5% | +0.3 pts | 19.3% | |
| Q4 FY23 | 10.6% | +0.6 pts | 19.2% | |
| Q3 FY23 | 9.7% | −0.9 pts | 18.6% |
Against its peers
Companies in Travel Lodging nearest Travel & Leisure's size, closest first, today.
| Company | Profit margin |
|---|---|
| TNLTravel & Leisure | 5.8% |
| CHHChoice Hotels International | 20.3% |
| RRRRed Rock Resorts | 8.4% |
| WHWyndham Hotels & Resorts | 14.0% |
| HGVHilton Grand Vacations | 2.9% |
| SHOSunstone Hotel Investors | n/m |
| MGMMGM Resorts International | 2.4% |
| WYNNWynn Resorts | 6.1% |
| MCRIMonarch Casino & Resort | 20.4% |
| HHyatt Hotels | 1.1% |
| Peer median | 7.2% |
Where Travel & Leisure ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Travel & Leisure
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.