Trip.com (TCOM) Enterprise Value (2009 - 2026)
Trip.com's (TCOM) quarterly Enterprise Value came in at -$11.5 billion in Q1 2026, down 8.11% year-on-year from -$12.5 billion in Q1 2025, and down 5.88% quarter-over-quarter from -$10.8 billion in Q4 2025.
Trip.com (TCOM) Enterprise Value (2009 - 2026) Analysis & Trends
Trip.com's Enterprise Value history runs 18 years deep, the most recent figure standing at -$11.5 billion for Q1 2026.
- On a quarterly basis, Enterprise Value fell 8.11% year-over-year to -$11.5 billion in Q1 2026; TTM through Mar 2026 was -$11.5 billion, a 8.11% decrease from a year earlier, with the FY2025 full-year figure at -$5.3 billion, up 49.22% from the prior year.
- Enterprise Value fell to -$11.5 billion in Q1 2026 per TCOM's latest filing, from -$10.8 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$2.8 billion in Q4 2023 and bottomed at -$11.5 billion in Q1 2026.
- The 5-year median for Enterprise Value is -$8.0 billion (2022), against an average of -$8.2 billion.
- Across the five-year window, Enterprise Value increased 26.69% in 2023 and tumbled 156.0% in 2025, its largest moves.
- Year by year, Enterprise Value stood at -$3.8 billion in 2022, then rose by 26.69% to -$2.8 billion in 2023, then sank by 52.98% to -$4.2 billion in 2024, then tumbled by 156.0% to -$10.8 billion in 2025, then retreated by 5.88% to -$11.5 billion in 2026.
- Per Business Quant, the three latest TCOM Enterprise Value figures stand at -$11.5 billion (Q1 2026), -$10.8 billion (Q4 2025), and -$11.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | -16.02 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | -517.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | -12.01 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 5.93 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -3.80 Bn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | -2.23 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -2.50 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -185.05 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -415.51 Mn |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | -11.47 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.47 Bn |
| Dec 31, 2025 | -10.83 Bn |
| Sep 30, 2025 | -11.00 Bn |
| Jun 30, 2025 | -10.92 Bn |
| Mar 31, 2025 | -10.61 Bn |
| Dec 31, 2024 | -4.23 Bn |
| Sep 30, 2024 | -10.51 Bn |
| Jun 30, 2024 | -7.32 Bn |
| Mar 31, 2024 | -9.71 Bn |
| Dec 31, 2023 | -2.77 Bn |
| Sep 30, 2023 | -8.44 Bn |
| Jun 30, 2023 | -7.53 Bn |
| Mar 31, 2023 | -6.88 Bn |
| Dec 31, 2022 | -3.77 Bn |
| Sep 30, 2022 | -6.86 Bn |
| Jun 30, 2022 | -7.90 Bn |
| Mar 31, 2022 | -7.95 Bn |
| Dec 31, 2021 | -4.82 Bn |
| Sep 30, 2021 | -8.77 Bn |
| Jun 30, 2021 | -9.61 Bn |