Trip.com (TCOM) EBITDA (2009 - 2025)
Trip.com (TCOM) recorded quarterly EBITDA of $490.0 million in Q4 2025, down 45.07% quarter-over-quarter from $892.0 million in Q3 2025, and up 20.1% on a YoY basis from $408.0 million in Q4 2024.
Trip.com (TCOM) EBITDA (2009 - 2025) Analysis & Trends
Trip.com's EBITDA history runs 17 years deep, the most recent figure standing at $490.0 million for Q4 2025.
- In Q4 2025, EBITDA rose 20.1% year-over-year to $490.0 million; the TTM figure through Dec 2025 stood at $2.6 billion (up 11.09% YoY), while the FY2025 annual figure was $4.6 billion, up 83.96% from the prior year.
- EBITDA was $490.0 million for Q4 2025 at Trip.com, down from $892.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $892.0 million in Q3 2025 to a low of -$33.0 million in Q1 2021.
- Historically, EBITDA has averaged $374.9 million across 5 years, with a median of $409.0 million in 2023.
- The sharpest annual moves came in 2021 and 2023: EBITDA sank 94.19% in 2021, then jumped 2462.5% in 2023.
- A 5-year view of EBITDA shows it stood at $7.0 million in 2021, then surged by 485.71% to $41.0 million in 2022, then surged by 878.05% to $401.0 million in 2023, then rose by 1.75% to $408.0 million in 2024, then gained by 20.1% to $490.0 million in 2025.
- The last three EBITDA figures came in at $490.0 million (Q4 2025), $892.0 million (Q3 2025), and $674.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 1.27 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 86.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 1.16 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 607.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 472.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 232.94 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 3.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 159.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 490.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -11.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 490.00 Mn |
| Sep 30, 2025 | 892.00 Mn |
| Jun 30, 2025 | 674.67 Mn |
| Mar 31, 2025 | 586.00 Mn |
| Dec 31, 2024 | 408.00 Mn |
| Sep 30, 2024 | 808.00 Mn |
| Jun 30, 2024 | 612.77 Mn |
| Mar 31, 2024 | 550.00 Mn |
| Dec 31, 2023 | 401.00 Mn |
| Sep 30, 2023 | 634.00 Mn |
| Jun 30, 2023 | 525.13 Mn |
| Mar 31, 2023 | 410.00 Mn |
| Dec 31, 2022 | 41.00 Mn |
| Sep 30, 2022 | 198.00 Mn |
| Jun 30, 2022 | 53.00 Mn |
| Mar 31, 2022 | 16.00 Mn |
| Dec 31, 2021 | 7.00 Mn |
| Sep 30, 2021 | 83.01 Mn |
| Jun 30, 2021 | 142.00 Mn |
| Mar 31, 2021 | -33.00 Mn |