Trip.com (TCOM) EBT Margin (2009 - 2026)
Trip.com's (TCOM) quarterly EBT Margin came in at 28.21% in Q1 2026, down 833.0% year-on-year from 3.85% in Q1 2025, and down 15.4% quarter-over-quarter from 33.35% in Q4 2025.
Trip.com (TCOM) EBT Margin (2009 - 2026) Analysis & Trends
Trip.com's EBT Margin history runs 18 years deep, the most recent figure standing at 28.21% for Q1 2026.
- On a quarterly basis, EBT Margin fell 833.0% year-over-year to 28.21% in Q1 2026; TTM through Mar 2026 was 58.83%, a 2635.0% increase from a year earlier, with the FY2025 full-year figure at 62.17%, up 2981.0% from the prior year.
- EBT Margin retreated to 28.21% in Q1 2026 per TCOM's latest filing, from 33.35% in the prior quarter.
- Across five years, EBT Margin topped out at 125.74% in Q3 2025 and bottomed at 19.72% in Q1 2022.
- The 5-year median for EBT Margin is 32.52% (2023), against an average of 31.26%.
- Across the five-year window, EBT Margin sank 6208 bps in 2022 and jumped 8185 bps in 2025, its largest moves.
- Year by year, EBT Margin stood at 50.41% in 2022, then slumped by 73 bps to 13.46% in 2023, then jumped by 37 bps to 18.47% in 2024, then surged by 81 bps to 33.35% in 2025, then fell by 15 bps to 28.21% in 2026.
- Per Business Quant, the three latest TCOM EBT Margin figures stand at 28.21% (Q1 2026), 33.35% (Q4 2025), and 125.74% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 25.29% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.92% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 10.49% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.64% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.70% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.33% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 0.73% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.62% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 12.11% |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | 28.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.21% |
| Dec 31, 2025 | 33.35% |
| Sep 30, 2025 | 125.74% |
| Jun 30, 2025 | 37.40% |
| Mar 31, 2025 | 36.54% |
| Dec 31, 2024 | 18.47% |
| Sep 30, 2024 | 43.89% |
| Jun 30, 2024 | 27.29% |
| Mar 31, 2024 | 34.95% |
| Dec 31, 2023 | 13.46% |
| Sep 30, 2023 | 32.52% |
| Jun 30, 2023 | 8.69% |
| Mar 31, 2023 | 41.76% |
| Dec 31, 2022 | 50.41% |
| Sep 30, 2022 | 6.09% |
| Jun 30, 2022 | 12.35% |
| Mar 31, 2022 | -19.72% |
| Dec 31, 2021 | -15.78% |
| Sep 30, 2021 | -18.53% |
| Jun 30, 2021 | -7.89% |