Filing Flows › Travel & Leisure (TNL) › Operating margin
Travel & Leisure (TNL) operating margin by quarter
Travel & Leisure's operating margin was 17.7% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026. Over the last 6 quarters it ranged from 16.5% (Q1 2026) to 20.5% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 17.7% | -2.0 pts | -2.8 pts |
| Q2 2026 | 19.8% | +3.2 pts | -0.5 pts |
| Q1 2026 | 16.5% | -4.0 pts | -0.2 pts |
| Q3 2025 | 20.5% | +0.3 pts | — |
| Q2 2025 | 20.2% | +3.5 pts | — |
| Q1 2025 | 16.7% | — | — |
Q3 2026 at a glance
Travel & Leisure, Q3 2026: revenue $1.1B (+6% year over year), operating margin 17.7%, net earnings $108M, operating cash flow $130M. The chart follows the revenue to costs, profit and cash.
Questions
What is Travel & Leisure's operating margin?
Travel & Leisure's operating margin was 17.7% in Q3 2026 (third quarter 2026), -2.0 pts from Q2 2026.
How has Travel & Leisure's operating margin changed?
Over the last 6 quarters it ranged from 16.5% (Q1 2026) to 20.5% (Q3 2025).