Flight Centre Travel Group reported a 7.4% year-on-year increase in total transaction value (TTV) to AUD 12.6 billion for the fiscal year 2026, while underlying EBITDA rose 4%. The corporate division delivered a 28% increase in underlying profit before tax to AUD 240 million, driven by U.S. Corporate TTV exceeding USD 2 billion for the first time and Corporate Traveller reaching its AUD 5 billion TTV target. Corporate TTV grew 5% in constant currency, with the Corporate Traveller segment up 8% in AUD terms and 13% in constant currency.
The leisure division recorded a full-year underlying profit before tax of AUD 139 million, but Q4 leisure profit slumped to approximately AUD 2 million from AUD 45 million in the same period the prior year. Management attributed the decline to the Middle East conflict, which triggered roughly AUD 250 million in air sales refunds and an estimated AUD 60 million reduction in leisure profit. Despite the disruption, July 2026 marked the best monthly profit result for the leisure segment since 2015 and surpassed the July 2019 peak in TTV.
Net interest expense increased by AUD 16 million year-on-year, while productive operations costs integrated into the normal cost base totaled about AUD 12 million. The effective tax rate is expected to be around 29% to 30% in FY 2027. Flight Centre’s Flight Centre brand achieved a record Net Promoter Score of 63, up 14 points, though the low-cost margin declined to a record low of 9.5%. TTV per travel consultant rose 34% since 2023, while the debt-to-equity ratio stood at 1.09 and the financial health score was 2.8 out of 5.
Shares fell 4.4% to AUD 12.39 following the results, narrowing the 52-week range to between AUD 9.61 and AUD 16.56. The company’s market capitalization was AUD 1.81 billion, with a P/E ratio of 24.9. Management announced a new share buyback authorization of up to AUD 200 million, representing just over 7% of share capital. The dividend yield was 3.16%, with a beta of 0.62.
