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Gross margin at other companies

Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
90.4%+0.8pp
Airbnb logo
AirbnbABNB
82.9%-0.3pp
St. Joe Company logo
St. Joe CompanyJOE
44.1%+3.2pp
Camping World Holdings logo
Camping World HoldingsCWH
29.3%-0.8pp
Xenia Hotels & Resorts logo
Xenia Hotels & ResortsXHR
31%+1.1pp
Life Time Group Holdings logo
Life Time Group HoldingsLTH
48%+0.8pp

Other financials

Income statement

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Revenue$1.1B+4.4%
Gross profit$1.0B+3.7%
Operating income$210.0M+1.9%
Net income$109.0M+0.9%
EPS (diluted)$1.72+6.2%

Balance sheet

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Cash & equivalents$471.0M+21.7%
Total debt$4.5B+4.4%
Total equity-$1.0B-19.6%
Total assets$6.9B+1.3%

Cash flow

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Operating cash flow$220.0M-5.2%
CapEx$25.0M-32.4%
Free cash flow$195.0M0.0%

Valuation

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Market cap$4.77B+22.5%
Enterprise value$8.81B+12.5%
P/E11.7×+2.1×
P/S1.2×+0.2×

Profitability

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Operating margin14.2%-5.1pp
Net margin10.4%-0.6pp
FCF margin10.8%-1.8pp

Returns & leverage

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Return on equity122.1%
Debt / equity6.6×
Current ratio1.2×

Where this comes from

Calculated from Travel + Leisure’s reported figures.

Based on trailing twelve months.

The source filing: Travel + Leisure’s 10-Q, filed July 22, 2026. Open the filing →

Filed
Jul 22, 2026, 11:22 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001361658-26-000053

FAQ

What is Travel + Leisure's gross margin?
Travel + Leisure (TNL) reported gross margin of 92.9% in Q2 2026.
How has Travel + Leisure's gross margin changed year-over-year?
Travel + Leisure's gross margin decreased by 5.2% year-over-year, from 97.9% to 92.9%.
What is the long-term trend for Travel + Leisure's gross margin?
Over 5 years (2020 to 2025), Travel + Leisure's gross margin has grown at a -1.4% compound annual growth rate (CAGR), from 99.9% to 93.2%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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