Trip.com (TCOM) EBITDA Margin (2009 - 2026)
Trip.com (TCOM) posted EBITDA Margin of 29.83% for Q1 2026, up 34.36% on a QoQ basis from 22.2% in Q4 2025, and down 85.0% year-over-year from 198.87% in Q1 2025.
Analysis
Trip.com (TCOM) EBITDA Margin (2009 - 2026) Analysis & Trends
Trip.com has reported EBITDA Margin for 18 years, with the latest figure at 29.83% in Q1 2026.
- On a quarterly basis, EBITDA Margin fell 85.0% year-over-year to 29.83% in Q1 2026; TTM through Mar 2026 was 29.94%, a 149.0% decrease from a year earlier, with the FY2025 full-year figure at 30.24%, down 177.0% from the prior year.
- EBITDA Margin was 29.83% for Q1 2026 at Trip.com, up from 22.2% in the prior quarter.
- The five-year high for EBITDA Margin was 401.0% in Q4 2023, with the low at 2.47% in Q1 2022.
- Average EBITDA Margin over 5 years is 47.84%, with a median of 30.68% recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: EBITDA Margin soared 39538 bps in 2023, then slumped 37767 bps in 2024.
- Over 5 years, EBITDA Margin stood at 5.62% in 2022, then surged by 7040 bps to 401.0% in 2023, then plunged by 94 bps to 23.33% in 2024, then decreased by 5 bps to 22.2% in 2025, then soared by 34 bps to 29.83% in 2026.
- The last three EBITDA Margin figures came in at 29.83% (Q1 2026), 22.2% (Q4 2025), and 34.57% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | 29.83% |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 11.49% |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 2.76% |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | -4.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 29.83% |
| Dec 31, 2025 | 22.20% |
| Sep 30, 2025 | 34.57% |
| Jun 30, 2025 | 32.51% |
| Mar 31, 2025 | 30.68% |
| Dec 31, 2024 | 23.33% |
| Sep 30, 2024 | 35.67% |
| Jun 30, 2024 | 34.84% |
| Mar 31, 2024 | 33.31% |
| Dec 31, 2023 | 401.00% |
| Sep 30, 2023 | 33.63% |
| Jun 30, 2023 | 33.79% |
| Mar 31, 2023 | 30.57% |
| Dec 31, 2022 | 5.62% |
| Sep 30, 2022 | 20.43% |
| Jun 30, 2022 | 8.85% |
| Mar 31, 2022 | 2.47% |
| Dec 31, 2021 | 0.95% |
| Sep 30, 2021 | 9.99% |
| Jun 30, 2021 | 15.57% |