Flight Centre Travel Group (ASX:FLT) disclosed record full-year total transaction value of $25.7 billion for FY26 at its Annual General Meeting on 11 November 2026, alongside a trading update and FY27 profit guidance, with the company's chairman and managing director delivering speeches authorised by the board.

Key Points

  • Group TTV reached a record $25.7 billion for FY26, with underlying EBITDA rising 3.9% to $466 million and underlying PBT declining 4% to $278 million
  • Middle East disruptions in Q4 cost the leisure business an estimated $60 million in profit, with leisure underlying PBT falling 21.7% to $139 million
  • Corporate division underlying PBT grew 28% to $240 million, with TTV of $12.7 billion; US TTV exceeded $US2 billion for the first time
  • Combined FY26 dividends of 42 cents per share, up 5% year-on-year; statutory net profit after tax rose 38% to $149 million
  • A further on-market share buy-back of up to $200 million was initiated in July 2026, following completion of the prior $200 million buy-back

FY26 Financial Results and Middle East Disruption Impact

Flight Centre Travel Group reported record group TTV of $25.7 billion for the 12 months to 30 June 2026, with TTV growth easing from 6.9% over the nine months to March to 4.7% for the full year. Underlying EBITDA rose 3.9% to $466 million, while underlying PBT declined 4% to $278 million. Statutory PBT increased modestly to $213 million, and statutory net profit after tax rose 38% to $149 million, described in the filing as a post-pandemic high. The company said Middle East hostilities disrupted global travel during the fourth quarter, grounding flights to and through key transit hubs and elevating cancellations during the company's busiest trading period. At the end of Q3, the company said it was tracking near or above the top of its guidance range of $315 million to $350 million underlying PBT.

Corporate Division Performance and Leisure Segment Details

The corporate division delivered TTV growth of 2.9% to $12.7 billion, with underlying PBT growing 28% to $240 million. US TTV exceeded $US2 billion for the first time, and Corporate Traveller recorded TTV growth of 8%, or 13% in constant currency. The leisure division reported TTV growth of 7.4% to $12.6 billion, with underlying PBT falling 21.7% to $139 million. Travel Money's wholesale division recorded TTV of approximately $700 million, described as nearly doubling. The company said it secured and passed on more than $250 million in refunds to customers for airfares following the escalation of Middle East tensions. Net Promoter Scores reached record highs in several brands, including the Flight Centre brand, during the disruption quarter.

Capital Management, Acquisitions and FY27 Outlook

Flight Centre returned $87 million, or 47% of underlying NPAT, to shareholders via a 30 cent per share fully franked final dividend and a 12 cent per share fully franked interim dividend. Combined FY26 dividends of 42 cents per share were up 5% year-on-year, with earnings per share rising 43% to 71 cents. A $450 million convertible note was issued to strengthen the balance sheet, retire 2028 notes and part-fund the Iglu cruise acquisition. Non-core asset divestments, including Cross Hotels and Resorts and a minority holding in the Pedal Group cycle joint venture, generated approximately $80 million in cash. For FY27, the company said July was its strongest ever month for leisure TTV, surpassing the pre-pandemic 2019 peak, and that FY27 corporate results are expected to be second-half weighted.