Trip.com (TCOM) EBIT Margin (2009 - 2025)
Trip.com (TCOM) recorded quarterly EBIT Margin of 16.49% in Q4 2025, down 45.66% quarter-over-quarter from 30.35% in Q3 2025, and down 152.0% on a YoY basis from 31.72% in Q4 2024.
Trip.com (TCOM) EBIT Margin (2009 - 2025) Analysis & Trends
Trip.com's EBIT Margin history runs 17 years deep, the most recent figure standing at 16.49% for Q4 2025.
- In Q4 2025, EBIT Margin fell 152.0% year-over-year to 16.49%; the TTM figure through Dec 2025 stood at 25.22% (down 139.0% YoY), while the FY2025 annual figure was 24.55%, down 206.0% from the prior year.
- EBIT Margin was 16.49% for Q4 2025 at Trip.com, down from 30.35% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 31.43% in Q3 2024 to a low of 18.95% in Q1 2021.
- Historically, EBIT Margin has averaged 13.39% across 5 years, with a median of 19.62% in 2023.
- The sharpest annual moves came in 2021 and 2023: EBIT Margin tumbled 1899 bps in 2021, then soared 3278 bps in 2023.
- A 5-year view of EBIT Margin shows it stood at 15.1% in 2021, then jumped by 69 bps to 4.62% in 2022, then soared by 559 bps to 21.22% in 2023, then retreated by 15 bps to 18.01% in 2024, then fell by 8 bps to 16.49% in 2025.
- The last three EBIT Margin figures came in at 16.49% (Q4 2025), 30.35% (Q3 2025), and 27.61% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.98% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.21% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 26.10% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 9.85% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 7.33% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 9.99% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.36% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 16.55% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 16.49% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 16.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.49% |
| Sep 30, 2025 | 30.35% |
| Jun 30, 2025 | 27.61% |
| Mar 31, 2025 | 25.76% |
| Dec 31, 2024 | 18.01% |
| Sep 30, 2024 | 31.43% |
| Jun 30, 2024 | 27.80% |
| Mar 31, 2024 | 27.84% |
| Dec 31, 2023 | 21.22% |
| Sep 30, 2023 | 28.44% |
| Jun 30, 2023 | 26.45% |
| Mar 31, 2023 | 24.31% |
| Dec 31, 2022 | -4.62% |
| Sep 30, 2022 | 12.28% |
| Jun 30, 2022 | -4.17% |
| Mar 31, 2022 | -8.47% |
| Dec 31, 2021 | -15.10% |
| Sep 30, 2021 | -4.45% |
| Jun 30, 2021 | 5.59% |
| Mar 31, 2021 | -18.95% |