Travelzoo annual operating margin
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Travelzoo Operating Margin Growth & History (TZOO)
Travelzoo's operating margin was 7.53% for fiscal 2025.
View full Travelzoo company overviewTravelzoo annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.53% | −14.52 pp |
| 2024 | 2024-12-31 | 22.05% | +3.61 pp |
| 2023 | 2023-12-31 | 18.43% | +7.73 pp |
| 2022 | 2022-12-31 | 10.70% | +12.80 pp |
| 2021 | 2021-12-31 | −2.09% | +24.16 pp |
| 2020 | 2020-12-31 | −26.26% | −42.50 pp |
| 2019 | 2019-12-31 | 16.24% | +8.84 pp |
| 2018 | 2018-12-31 | 7.40% | +3.13 pp |
| 2017 | 2017-12-31 | 4.27% | −4.65 pp |
| 2016 | 2016-12-31 | 8.91% | +5.83 pp |
| 2015 | 2015-12-31 | 3.08% | −8.54 pp |
| 2014 | 2014-12-31 | 11.62% | +10.94 pp |
| 2013 | 2013-12-31 | 0.68% | −16.18 pp |
| 2012 | 2012-12-31 | 16.86% | +6.73 pp |
| 2011 | 2011-12-31 | 10.13% | −10.72 pp |
| 2010 | 2010-12-31 | 20.85% | +6.26 pp |
| 2009 | 2009-12-31 | 14.59% | — |
Travelzoo quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −11.90% | −20.52 pp |
| Q1 2026 | 2026-03-31 | 14.19% | −2.25 pp |
| Q4 2025 | 2025-12-31 | 2.46% | −21.00 pp |
| Q3 2025 | 2025-09-30 | 2.20% | −17.93 pp |
| Q2 2025 | 2025-06-30 | 8.62% | −10.36 pp |
| Q1 2025 | 2025-03-31 | 16.44% | −8.99 pp |
| Q4 2024 | 2024-12-31 | 23.46% | +2.28 pp |
| Q3 2024 | 2024-09-30 | 20.13% | +5.03 pp |
| Q2 2024 | 2024-06-30 | 18.97% | +3.48 pp |
| Q1 2024 | 2024-03-31 | 25.43% | +3.62 pp |
| Q4 2023 | 2023-12-31 | 21.18% | +1.92 pp |
| Q3 2023 | 2023-09-30 | 15.09% | +13.37 pp |
| Q2 2023 | 2023-06-30 | 15.49% | +5.42 pp |
| Q1 2023 | 2023-03-31 | 21.81% | +11.41 pp |
| Q4 2022 | 2022-12-31 | 19.26% | +46.79 pp |
| Q3 2022 | 2022-09-30 | 1.72% | +3.39 pp |
| Q2 2022 | 2022-06-30 | 10.07% | −8.15 pp |
| Q1 2022 | 2022-03-31 | 10.40% | +15.77 pp |
| Q4 2021 | 2021-12-31 | −27.53% | −20.35 pp |
| Q3 2021 | 2021-09-30 | −1.66% | +7.06 pp |
| Q2 2021 | 2021-06-30 | 18.22% | +112.92 pp |
| Q1 2021 | 2021-03-31 | −5.37% | +20.90 pp |
| Q4 2020 | 2020-12-31 | −7.19% | −18.74 pp |
| Q3 2020 | 2020-09-30 | −8.73% | −22.96 pp |
| Q2 2020 | 2020-06-30 | −94.70% | −110.31 pp |
| Q1 2020 | 2020-03-31 | −26.27% | −48.80 pp |
| Q4 2019 | 2019-12-31 | 11.55% | +1.25 pp |
| Q3 2019 | 2019-09-30 | 14.23% | +11.41 pp |
| Q2 2019 | 2019-06-30 | 15.61% | +11.77 pp |
| Q1 2019 | 2019-03-31 | 22.53% | +10.69 pp |
| Q4 2018 | 2018-12-31 | 10.31% | +6.31 pp |
| Q3 2018 | 2018-09-30 | 2.82% | +2.75 pp |
| Q2 2018 | 2018-06-30 | 3.84% | −1.41 pp |
| Q1 2018 | 2018-03-31 | 11.84% | +4.59 pp |
| Q4 2017 | 2017-12-31 | 4.00% | −3.57 pp |
| Q3 2017 | 2017-09-30 | 0.07% | −6.92 pp |
| Q2 2017 | 2017-06-30 | 5.25% | −6.29 pp |
| Q1 2017 | 2017-03-31 | 7.25% | −1.98 pp |
| Q4 2016 | 2016-12-31 | 7.56% | +4.52 pp |
| Q3 2016 | 2016-09-30 | 6.99% | +4.44 pp |
| Q2 2016 | 2016-06-30 | 11.53% | +5.21 pp |
| Q1 2016 | 2016-03-31 | 9.23% | +1.61 pp |
| Q4 2015 | 2015-12-31 | 3.05% | +2.47 pp |
| Q3 2015 | 2015-09-30 | 2.55% | −2.53 pp |
| Q2 2015 | 2015-06-30 | 6.33% | −18.69 pp |
| Q1 2015 | 2015-03-31 | 7.62% | −8.65 pp |
| Q4 2014 | 2014-12-31 | 0.57% | −11.36 pp |
| Q3 2014 | 2014-09-30 | 5.08% | +53.47 pp |
| Q2 2014 | 2014-06-30 | 25.02% | +6.16 pp |
| Q1 2014 | 2014-03-31 | 16.27% | −2.78 pp |
| Q4 2013 | 2013-12-31 | 11.94% | +0.17 pp |
| Q3 2013 | 2013-09-30 | −48.38% | −60.22 pp |
| Q2 2013 | 2013-06-30 | 18.86% | −7.48 pp |
| Q1 2013 | 2013-03-31 | 19.05% | +2.35 pp |
| Q4 2012 | 2012-12-31 | 11.77% | −11.48 pp |
| Q3 2012 | 2012-09-30 | 11.83% | −12.03 pp |
| Q2 2012 | 2012-06-30 | 26.34% | +6.03 pp |
| Q1 2012 | 2012-03-31 | 16.70% | +43.78 pp |
| Q4 2011 | 2011-12-31 | 23.25% | — |
| Q3 2011 | 2011-09-30 | 23.86% | +3.26 pp |
| Q2 2011 | 2011-06-30 | 20.31% | −0.81 pp |
| Q1 2011 | 2011-03-31 | −27.08% | — |
| Q3 2010 | 2010-09-30 | 20.60% | — |
| Q2 2010 | 2010-06-30 | 21.12% | — |
Travelzoo operating margin trends
Over the last five fiscal years, Travelzoo's operating margin increased from −26.26% to 7.53%, a change of +33.78 percentage points. The latest reported quarter, Q2 2026, shows −11.90%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Travelzoo source filings ↗