The 12-Month Scorecard: Flight Centre Travel Group (ASX:FLT) Falls Approximately 4% Over the Year

Sonal Goyal

22 October 2026 10:29 PM AEDT

The 12-Month Scorecard: Flight Centre Travel Group (ASX:FLT) Falls Approximately 4% Over the Year

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Key highlights

Flight Centre Travel Group Ltd (ASX:FLT) shares were priced at $11.42 as at 22 October 2026, up 2.15% on the day and down approximately 3.71% over the past year.
Flight Centre reported record FY26 TTV of $25.7 billion, up 4.7%, and underlying PBT of $278 million, down 4%, in its 26 August 2026 release.
The company said Middle East hostilities in Q4 cost the leisure business about $60 million of profit.

As at 22 October 2026, Flight Centre Travel Group Ltd (ASX:FLT) shares were priced at $11.42, up 2.15% on the day, and the share performance data shows the stock down approximately 3.71% over the past year. Flight Centre is a global travel retailer with leisure and corporate travel businesses. Flight Centre reported record FY26 TTV of $25.7 billion, up 4.7%, and underlying PBT of $278 million, down 4%, in its 26 August 2026 release.

About Flight Centre Travel Group Ltd: business overview

Flight Centre Travel Group Limited sells leisure travel through retail and online brands and corporate travel management services across Australia, New Zealand, the Americas, Europe and Asia.

FY26 results

In an ASX statement dated 26 August 2026, Flight Centre reported record total transaction value of $25.7 billion, up 4.7% after a 6.9% rise over the nine months to 31 March. Underlying EBITDA rose 3.9% to $466 million, while underlying profit before tax fell 4% to $278 million. Statutory PBT rose 0.2% to $213 million and statutory NPAT rose 38% to $149 million, helped by deferred tax asset write-offs that reduced the FY25 base. EPS rose 43% to 71 cents.

Middle East impact

The company said Middle East hostilities escalated in Q4 and disrupted global travel, costing the leisure business about $60 million of profit after it had been tracking near or above the top of guidance through Q3. Corporate was less affected. A $30 million year-on-year hit came from higher software amortisation, new leisure leases and about $15 million of higher net interest expense.

Capital management and outlook

Operating cash inflow was $278 million compared with $139 million, largely from favourable timing of airline settlement payments. FY26 dividends rose 5% to 42 cents per share, $400 million of buy-backs were completed or are under way and a $450 million convertible note was issued. The company reported record leisure TTV for July and positive August trends, with corporate trends similar to Q4. FY27 results are expected to be weighted to the second half, and profit guidance will be given at the AGM in November 2026.

Related sector context

Travel businesses are influenced by airline capacity, geopolitical events, consumer and corporate demand and booking trends. Companies report total transaction value, margins and cash flow, and disruption to travel can affect results quickly.

Risks to weigh in

Underlying PBT declined, Q4 leisure profit was affected by about $60 million, and FY27 profit guidance has not yet been given. Higher amortisation and interest costs reduce earnings, and geopolitical events, airline capacity and corporate travel budgets can affect outcomes.

Catalysts on watch

Items to watch include FY27 profit guidance at the November AGM, leisure trading, corporate travel trends and buy-back progress.

Closing perspective

Flight Centre’s 26 August 2026 release recorded record TTV, higher EPS and lower underlying PBT. The AGM guidance will set expectations for FY27.

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