Trip.com (TCOM) Equity Ratio (2009 - 2025)

Trip.com (TCOM) recorded quarterly Equity Ratio of 0.64 in Q4 2025, up 1.77% quarter-over-quarter from 0.63 in Q3 2025, and up 9.28% on a YoY basis from 0.58 in Q4 2024.

Trip.com (TCOM) Equity Ratio (2009 - 2025) Analysis & Trends

Trip.com's Equity Ratio history runs 17 years deep, the most recent figure standing at 0.64 for Q4 2025.

  • In Q4 2025, Equity Ratio rose 9.28% year-over-year to 0.64; the TTM figure through Dec 2025 stood at 0.64 (up 9.28% YoY), while the FY2025 annual figure was 0.64, up 9.29% from the prior year.
  • Equity Ratio was 0.64 for Q4 2025 at Trip.com, up from 0.63 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.64 in Q4 2025 to a low of 0.53 in Q1 2021.
  • Historically, Equity Ratio has averaged 0.57 across 5 years, with a median of 0.57 in 2022.
  • The sharpest annual moves came in 2023 and 2025: Equity Ratio retreated 4.85% in 2023, then gained 11.1% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.58 in 2021, then gained by 2.41% to 0.59 in 2022, then retreated by 4.79% to 0.56 in 2023, then advanced by 4.14% to 0.58 in 2024, then increased by 9.28% to 0.64 in 2025.
  • The last three Equity Ratio figures came in at 0.64 (Q4 2025), 0.63 (Q3 2025), and 0.59 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -0.31
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.28
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.23
4 Carnival 37.80 Bn 36.39 Bn - 0.25
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.07
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.10
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.32
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -0.15
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.64
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Dec 31, 2025 0.64
Sep 30, 2025 0.63
Jun 30, 2025 0.59
Mar 31, 2025 0.59
Dec 31, 2024 0.58
Sep 30, 2024 0.57
Jun 30, 2024 0.53
Mar 31, 2024 0.56
Dec 31, 2023 0.56
Sep 30, 2023 0.54
Jun 30, 2023 0.54
Mar 31, 2023 0.56
Dec 31, 2022 0.59
Sep 30, 2022 0.57
Jun 30, 2022 0.57
Mar 31, 2022 0.58
Dec 31, 2021 0.58
Sep 30, 2021 0.55
Jun 30, 2021 0.54
Mar 31, 2021 0.53