FGETF (Flight Centre Travel Group) Operating Income: $150 Mil (TTM As of Dec. 2025)


FGETF Flight Centre Travel Group Ltd FGETF
68 GF Score
Price $8.59
GF Value $17.10
Valuation Possible Value Trap
! 4 Warning Signs
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What is Flight Centre Travel Group Operating Income?

Flight Centre Travel Group FGETF 68 Operating Income is $150 Mil as of Dec. 2025. GuruFocus rates FGETF with a GF Score™ of 68/100 and a GF Value™ of $17.10 (Possible Value Trap). The stock has 4 warning signs investors should review.

Flight Centre Travel Group's Operating Income for the six months ended in Dec. 2025 was $60 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $150 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Flight Centre Travel Group's Operating Income for the six months ended in Dec. 2025 was $60 Mil. Flight Centre Travel Group's Revenue for the six months ended in Dec. 2025 was $936 Mil. Therefore, Flight Centre Travel Group's Operating Margin % for the quarter that ended in Dec. 2025 was 6.46%.

Flight Centre Travel Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Flight Centre Travel Group's annualized ROC % for the quarter that ended in Dec. 2025 was 5.04%. Flight Centre Travel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 67.90%.


Flight Centre Travel Group  (OTCPK:FGETF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Flight Centre Travel Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=120.92 * ( 1 - 30.12% )/( (1565.795 + 1785.378)/ 2 )
=84.498896/1675.5865
=5.04 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2675.179 - 1070.066 - ( 543.711 - max(0, 1374.616 - 1413.934+543.711))
=1565.795

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3094.575 - 1206.304 - ( 500.455 - max(0, 1478.929 - 1581.822+500.455))
=1785.378

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Flight Centre Travel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=153.31/( ( (194.711 + max(-299.824, 0)) + (256.892 + max(-258.003, 0)) )/ 2 )
=153.31/( ( 194.711 + 256.892 )/ 2 )
=153.31/225.8015
=67.90 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(611.656 + 0 + 277.653) - (1070.066 + 66.574 + 52.493)
=-299.824

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(751.692 + 0 + 329.675) - (1206.304 + 3.281 + 129.785)
=-258.003

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Flight Centre Travel Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=60.46/935.866
=6.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Flight Centre Travel Group Operating Income Related Terms


Flight Centre Travel Group Operating Income Historical Data

* Premium members only.

The historical data trend for Flight Centre Travel Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Flight Centre Travel Group Operating Income Chart

Flight Centre Travel Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -629.22 -282.66 77.60 161.69 145.22

Flight Centre Travel Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.61 98.59 54.58 89.11 60.46
FGETF
68GF Score
Flight Centre Travel Group Ltd FGETF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Flight Centre Travel Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $150 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $150 Mil mean?
Flight Centre Travel Group (FGETF) has a Operating Income of $150 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Flight Centre Travel Group and its competitors.
Is Flight Centre Travel Group's Operating Income too high?
Flight Centre Travel Group's current Operating Income is $150 Mil. Overall, Flight Centre Travel Group has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flight Centre Travel Group's Operating Income compare to BKNG and ABNB?
Flight Centre Travel Group's Operating Income of $150 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Flight Centre Travel Group and its competitors. Flight Centre Travel Group's current Operating Income is $150 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flight Centre Travel Group stock overvalued right now?
Based on GuruFocus' analysis, Flight Centre Travel Group (FGETF) is currently considered Possible Value Trap. The stock's GF Value™ is $17.10, compared to a current price of $8.59 — trading 49.8% below its estimated fair value. The current Operating Income is $150 Mil. Flight Centre Travel Group's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Flight Centre Travel Group (FGETF), the current Operating Income is $150 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Flight Centre Travel Group (FGETF) Overvalued in 2026?

Based on GuruFocus' analysis, Flight Centre Travel Group stock appears to be undervalued. The current stock price of $8.59 is trading 49.8% below its estimated GF Value™ of $17.10. GuruFocus considers Flight Centre Travel Group to be Possible Value Trap.

Key valuation signals for FGETF:

  • Operating Income: $150 Mil
  • GF Value™: $17.10 vs. price of $8.59 (49.8% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the FGETF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Flight Centre Travel Group Business Description

Other Exchanges FLI:GermanyFLT:Australia
Address 275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101
Flight Centre Travel is one of the largest travel intermediaries in the world. The group generates around half of its total transaction value, or TTV, from the corporate unit, with the other half from the leisure market and ancillary travel-related businesses. In corporate travel, Flight Centre is a global Top 4 agent operating in over 100 countries, with different brands catering to various customer segments (small and midsize businesses to large enterprises). In leisure, Flight Centre operates an extensive network of shops while also runs online channels and deal with independent agents. Over half of group TTV is generated in Australia and New Zealand, 20% from Americas, just under 20% from Europe, and the rest from Asia.
68GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.59
Price
$17.10
GF Value