Trip.com (TCOM) Debt to Equity (2009 - 2025)
Trip.com (TCOM) recorded quarterly Debt to Equity of $0.18 in Q4 2025, down 2.5% quarter-over-quarter from $0.18 in Q3 2025, and down 35.45% on a YoY basis from $0.28 in Q4 2024.
Trip.com (TCOM) Debt to Equity (2009 - 2025) Analysis & Trends
Trip.com's Debt to Equity history runs 17 years deep, the most recent figure standing at $0.18 for Q4 2025.
- In Q4 2025, Debt to Equity fell 35.45% year-over-year to $0.18; the TTM figure through Dec 2025 stood at $0.18 (down 35.45% YoY), while the FY2025 annual figure was $0.18, down 37.18% from the prior year.
- Debt to Equity was $0.18 for Q4 2025 at Trip.com, down from $0.18 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.62 in Q1 2021 to a low of $0.1 in Q4 2021.
- Historically, Debt to Equity has averaged $0.38 across 5 years, with a median of $0.41 in 2022.
- The sharpest annual moves came in 2021 and 2022: Debt to Equity plunged 55.02% in 2021, then jumped 299.0% in 2022.
- A 5-year view of Debt to Equity shows it stood at $0.1 in 2021, then surged by 299.0% to $0.41 in 2022, then retreated by 9.91% to $0.37 in 2023, then decreased by 23.66% to $0.28 in 2024, then plunged by 35.45% to $0.18 in 2025.
- The last three Debt to Equity figures came in at $0.18 (Q4 2025), $0.18 (Q3 2025), and $0.26 (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -2.11 |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 0.32 |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.01 |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.94 |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 2.43 |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 6.23 |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.94 |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 0.18 |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.18 |
| Sep 30, 2025 | 0.18 |
| Jun 30, 2025 | 0.26 |
| Mar 31, 2025 | 0.29 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.33 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 0.37 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.44 |
| Mar 31, 2023 | 0.45 |
| Dec 31, 2022 | 0.41 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.47 |
| Dec 31, 2021 | 0.10 |
| Sep 30, 2021 | 0.52 |
| Jun 30, 2021 | 0.57 |
| Mar 31, 2021 | 0.62 |