Jun 2026 (Q2 FY26) — Jul 28, 2026
Travelzoo Q2 FY26 — Accelerated Club Member Investment Drives Short-Term Loss for Long-Term Growth
Read the full callTravelzoo earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 23.2 | −2.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -11.9 | −20.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -2.1 | −252.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $10.37 on 14 Oct 2025 → $5.1. High $12.11 (1 Jul 2026), low $5.05 (19 Feb 2026).
Overview
Call summaries
Travelzoo Q2 FY26 — Accelerated Club Member Investment Drives Short-Term Loss for Long-Term Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: −252% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 21 | 23 | 24 | 22 | 22 | 24 | 23 |
| Operating profit | 4 | 5 | 4 | 2 | 0 | 1 | 3 | -3 |
| Operating margin | 20.1% | 23.5% | 16.4% | 8.6% | 2.2% | 2.5% | 14.2% | −11.9% |
| Profit before tax | 4 | 5 | 4 | 2 | 0 | 1 | 3 | -2 |
| Tax rate | 26.1% | 31.1% | 26.5% | 33.3% | 57.8% | 90.0% | 27.4% | 15.3% |
| Net profit | 3 | 3 | 3 | 1 | 0 | -0 | 2 | -2 |
| EPS ($ per share) | 0.26 | — | 0.27 | 0.13 | 0.01 | — | 0.23 | -0.21 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 18 | 14 | -0 | 1 | 7 | 20 | 14 | 7 |
| Total liabilities | 29 | 44 | 96 | 99 | 58 | 46 | 50 | 48 |
| Fixed assets | 4 | 3 | 1 | 1 | 1 | 1 | 0 | 0 |
| Total assets | 43 | 55 | 102 | 100 | 67 | 55 | 55 | 45 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5 | 11 | 47 | -8 | -23 | 11 | 21 | 6 |
| Cash from investing | -4 | -1 | 2 | 0 | -1 | -0 | -0 | -0 |
| Cash from financing | -5 | -9 | -7 | -11 | 1 | -14 | -19 | -13 |
| Net cash flow | -5 | 1 | 44 | -19 | -26 | -3 | 1 | -7 |
| Capital expenditure | -1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Free cash flow | 5 | 11 | 47 | -8 | -24 | 10 | 21 | 6 |
13 filings between Nov 4, 2025 and Sep 28, 2026.
Purchases
$1.08M
3 purchases by 1 insider
Sales
$929.9K
9 sales by 1 insider
Also filed: 1 disposition to issuer.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BARTEL HOLGER | $1.08M | — | Feb 24, 2026 |
| AZZURRO CAPITAL INC | — | $929.9K | Dec 26, 2025 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 28, 2026 | BARTEL HOLGER Global Chief Executive Officer | Disposition to issuer | 200,000 | $1.13M |
| Feb 24, 2026 | BARTEL HOLGER Global Chief Executive Officer | Purchase | 40,000 | $217.2K |
| Feb 23, 2026 | BARTEL HOLGER Global Chief Executive Officer | Purchase | 100,000 | $549.0K |
| Feb 20, 2026 | BARTEL HOLGER Global Chief Executive Officer | Purchase | 60,000 | $310.8K |
| Dec 26, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 40,000 | $278.8K |
| Dec 23, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 20,000 | $140.2K |
| Dec 22, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 22,500 | $159.3K |
| Dec 15, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 15,000 | $113.4K |
| Dec 11, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $35.5K |
| Dec 1, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 7,500 | $52.5K |
| Nov 26, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $35.0K |
| Nov 12, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $37.6K |
| Nov 4, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 10,000 | $77.5K |
| Sep 26, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 25,000 | $251.5K |
| Sep 24, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 20,000 | $210.2K |
| Sep 23, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 7,500 | $78.6K |
| Sep 15, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 20,000 | $190.6K |
| Sep 11, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 15,000 | $143.7K |
| Sep 8, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 10,000 | $98.5K |
| Sep 2, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $49.8K |
| Aug 29, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 7,500 | $74.5K |
| Aug 28, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 7,500 | $74.2K |
| Aug 27, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 2,500 | $24.8K |
| Aug 22, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 22,500 | $225.9K |
| Aug 21, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 32,500 | $310.4K |
| Aug 13, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 3,700 | $38.9K |
| Aug 12, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 20,000 | $202.8K |
| Aug 1, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 6,300 | $60.4K |
| Jul 31, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 17,500 | $179.7K |
| Jul 30, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 30,000 | $305.7K |
| Jul 29, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 10,000 | $103.5K |
| Jul 28, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 7,500 | $83.1K |
| Jun 27, 2025 | Ciocca Christina Sindoni General Counsel | Option exercise | 7,890 | $39.1K |
| Jun 27, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 76,500 | $1.01M |
| Jun 25, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 11,000 | $140.9K |
| Jun 20, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 2,500 | $31.1K |
| Jun 18, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 10,000 | $125.9K |
| Jun 16, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 10,000 | $126.6K |
| Jun 11, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 25,000 | $346.0K |
| Jun 2, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $63.6K |
| May 30, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 22,500 | $310.7K |
| May 29, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 18,500 | $248.1K |
| May 28, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 2,000 | $27.1K |
| May 14, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 2,500 | $36.4K |
| May 13, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 11,250 | $163.0K |
| May 2, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 33,750 | $479.9K |
| May 1, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 2,500 | $36.1K |
| Mar 31, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 25,000 | $333.8K |
| Mar 24, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 32,500 | $465.7K |
| Mar 17, 2025 | AZZURRO CAPITAL INC 10% owner | Sale | 5,000 | $72.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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