Trip.com (TCOM) Cost of Revenue (2009 - 2025)

Trip.com's Cost of Revenue history runs 17 years deep, the most recent figure standing at $463.0 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 27.9% year-over-year to $463.0 million; the TTM figure through Dec 2025 stood at $1.7 billion (up 22.46% YoY), while the FY2025 annual figure was $2.1 billion, up 30.66% from the prior year.
• Cost of Revenue was $463.0 million for Q4 2025 at Trip.com, down from $472.0 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $472.0 million in Q3 2025 to a low of $146.0 million in Q2 2022.
• Historically, Cost of Revenue has averaged $280.3 million across 5 years, with a median of $280.0 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue decreased 22.75% in 2022, then jumped 89.73% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $176.0 million in 2021, then retreated by 1.14% to $174.0 million in 2022, then jumped by 62.64% to $283.0 million in 2023, then increased by 27.92% to $362.0 million in 2024, then advanced by 27.9% to $463.0 million in 2025.
• The last three Cost of Revenue figures came in at $463.0 million (Q4 2025), $472.0 million (Q3 2025), and $393.0 million (Q2 2025), per Business Quant data.