Filing Flows › Travelzoo (TZOO) › Q1 2026
Travelzoo (TZOO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Travelzoo (TZOO) reported revenue of $24.3M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +8% from the quarter before. Operating margin was 14.2%, net earnings $2.5M (10.2% of revenue).
Travelzoo, Q1 2026: revenue $24.3M (+5% year over year), operating margin 14.2%, net earnings $2.5M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.3M | +8% | +5% |
| Gross profit | $19.0M | +9% | +0.4% |
| Operating profit | $3.4M | +524% | -9% |
| Net earnings | $2.5M | — | -22% |
| Operating cash flow | $3.9M | +165% | +17% |
| Free cash flow | $3.8M | +168% | +18% |
What changed
Revenue was $24.3M in Q1 2026, up 5% year over year and up 8% from the previous quarter. Travelzoo North America was the largest line at 65% of revenue. Travelzoo Europe added $565K year over year (up 8%), 50% of the total change.
Gross margin was 78.4%, down 3.5 points from Q1 2025. Operating profit was $3.4M, a 14.2% margin (down 2.2 points year over year). Operating profit fell $359K even though revenue rose $1.1M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $2.5M, down 22% year over year. The effective tax rate was 27.4%.
Operating cash flow was $3.9M (up 17% year over year), 154% of net earnings. Non-cash charges added back $56K of depreciation and amortization and $35K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $8K left free cash flow of $3.8M.
Questions
What was Travelzoo's revenue in the first quarter 2026?
Travelzoo (TZOO) reported revenue of $24.3M for the first quarter 2026 (Q1 2026), +5% from a year earlier and +8% from the quarter before.
Was Travelzoo profitable in the first quarter 2026?
Operating profit was $3.4M (14.2% of revenue) and net earnings $2.5M.
Source: Travelzoo 10-Q on SEC EDGAR.