Trip.com (TCOM) EBIT Margin (2009 - 2026)
Trip.com (TCOM) posted quarterly EBIT Margin of 24.24% for Q1 2026, down 143.0% year-over-year from 56.36% in Q1 2025, and up 46.95% quarter-over-quarter from 16.49% in Q4 2025.
Trip.com (TCOM) EBIT Margin (2009 - 2026) Analysis & Trends
Trip.com's EBIT Margin history runs 18 years deep, the most recent figure standing at 24.24% for Q1 2026.
- In Q1 2026, EBIT Margin fell 143.0% year-over-year to 24.24%; the TTM figure through Mar 2026 stood at 24.74% (down 122.0% YoY), while the FY2025 annual figure was 25.25%, down 132.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 24.24%, up from 16.49% in the prior quarter.
- The five-year high for EBIT Margin was 30.84% in Q3 2024, with the low at 8.72% in Q1 2022.
- The 5-year median for EBIT Margin is 24.31% (2023), against an average of 19.08%.
- The sharpest annual moves came in 2022 and 2023: EBIT Margin slumped 976 bps in 2022, then surged 3303 bps in 2023.
- Trip.com's EBIT Margin stood at 4.66% in 2022, then surged by 556 bps to 21.22% in 2023, then fell by 15 bps to 18.01% in 2024, then declined by 8 bps to 16.49% in 2025, then soared by 47 bps to 24.24% in 2026.
- Business Quant data shows TCOM's EBIT Margin at 24.24% in Q1 2026, 16.49% in Q4 2025, and 30.19% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 34.00% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 21.01% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 27.05% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 20.91% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 12.77% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 18.54% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 24.24% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 13.76% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 15.30% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 2.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.24% |
| Dec 31, 2025 | 16.49% |
| Sep 30, 2025 | 30.19% |
| Jun 30, 2025 | 27.33% |
| Mar 31, 2025 | 25.66% |
| Dec 31, 2024 | 18.01% |
| Sep 30, 2024 | 30.84% |
| Jun 30, 2024 | 27.92% |
| Mar 31, 2024 | 27.80% |
| Dec 31, 2023 | 21.22% |
| Sep 30, 2023 | 28.67% |
| Jun 30, 2023 | 26.45% |
| Mar 31, 2023 | 24.31% |
| Dec 31, 2022 | -4.66% |
| Sep 30, 2022 | 12.88% |
| Jun 30, 2022 | -4.23% |
| Mar 31, 2022 | -8.72% |
| Dec 31, 2021 | -15.10% |
| Sep 30, 2021 | -4.45% |
| Jun 30, 2021 | 5.53% |