Key points
- Record total transaction value (TTV) of $25.7b for FY26
- Underlying EBITDA rose 3.9% to $466m
- Leisure division profit hit by Q4 Middle East conflict, impacting overall profit
- Shareholder returns boosted with 43% increase in earnings per share (EPS)
- Solid leisure rebound in early FY27 trading
Full summary
Flight Centre Travel Group (FLT) announced its FY26 results, highlighting a record total transaction value (TTV) of $25.7 billion, with year-on-year (YOY) growth across most profit metrics. Despite escalating Middle East tensions disrupting global travel patterns in Q4, the company managed to maintain strong momentum through the first three quarters. Underlying EBITDA rose 3.9% to $466 million, while underlying profit before tax (UPBT) declined 4% to $278 million due to a $60 million profit hit in the leisure division. The corporate division, however, continued to show robust growth, with underlying EBITDA up 24.4% to $275 million. Shareholder returns were enhanced with a 43% increase in earnings per share (EPS) to 71 cents and a 5% rise in dividends to 42 cents per share. Early FY27 trading shows signs of recovery in the leisure business, with July TTV surpassing pre-pandemic levels.
Guidance
FY27 earnings guidance to be provided at AGM in November 2026
Outlook
Early FY27 trading shows a rebound in leisure business with July TTV surpassing pre-pandemic levels. Corporate profit is expected to be 2H weighted, with the 1H result likely to be below the prior corresponding period.