Highlights

  • Consensus rating of Buy from 14 analysts: 10 Buy or equivalent, 4 Hold, 0 Sell or equivalent.
  • Mean price target of A$13.91 against a share price of A$10.16 on 8 October 2026, an implied upside of 36.9%.
  • Analyst targets range from A$12.00 to A$15.86.
  • Total transaction value (TTV) reached a record $25.7 billion, with growth of 4.7% for the full year after 6.9% over the first nine months.

Flight Centre Travel Group (ASX:FLT) carries a consensus analyst rating of Buy. Of the 14 analyst recommendations recorded, 10 are Buy or equivalent, 4 are Hold and 0 are Sell or equivalent. The mean price target is A$13.91, with targets ranging from A$12.00 to A$15.86, against a current share price of A$10.16 (8 October 2026). Flight Centre Travel Group Limited is a travel retailer and corporate travel manager with leisure and corporate divisions operating globally.

Company name

Flight Centre Travel Group

Ticker

(ASX:FLT)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$10.16

Price date

8 October 2026

Number of analysts

14

Rating consensus

Buy

Consensus price target (mean)

A$13.91

Highest target

A$15.86

Lowest target

A$12.00

Implied upside/downside to mean target

Implied upside of 36.9%

Latest developments

Flight Centre Travel Group (ASX:FLT) released its audited results for the year to 30 June 2026 on 26 August 2026. Total transaction value (TTV) reached a record $25.7 billion, with growth of 4.7% for the full year after 6.9% over the first nine months. Underlying EBITDA rose 3.9% to $466 million, while Underlying Profit before tax (UPBT) declined 4% to $278 million. Statutory profit before tax rose 0.2% to $213 million and statutory NPAT rose 38% to $149 million, a post-COVID high, helped by deferred tax asset write-offs that reduced the FY25 base. EPS rose 43% to 71 cents.

The company said fourth quarter disruption from escalating Middle East hostilities cost the leisure Business about $60 million in profit, after the group had been tracking near or above the top of its guidance range through the third quarter. It attributed the gap between EBITDA and UPBT growth to a $30 million year-on-year hit from higher software amortisation, new leisure Lease costs and increased net interest expense of about $15 million. The underlying cost Margin was 9.6%, and operating cash inflow was $278 million, compared with $139 million, largely reflecting timing in the airline Billing and Settlement Plan cycle.

Combined FY26 dividends rose 5% to 42 cents per share, with $87 million returned through fully franked dividends, and $400 million of buy-backs completed or under way. A $450 million convertible note was issued. Early FY27 trading included record TTV for July and positive August trends, while corporate trends were similar to the fourth quarter and FY27 results are expected to be second half weighted. Group profit guidance is to be provided at the AGM in November 2026.

Risks and what to watch

UPBT fell 4% and the company says the Middle East disruption reduced leisure profit by about $60 million in the fourth quarter. FY27 results are expected to be weighted to the second half, and group profit guidance has not yet been given, with the company deferring it to the November 2026 AGM. Operating cash inflow benefited from favourable timing in BSP payments. Travel Demand depends on geopolitical conditions, airfares and consumer confidence.

Next milestones

Items to watch include FY27 profit guidance at the November 2026 AGM, leisure TTV trends following the fourth-quarter disruption, corporate division performance, progress on buy-backs and the convertible note, and the half-year result.