KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Trip.com (TCOM) Gross Margin (2016 - 2025)

Trip.com has reported Gross Margin over the past 17 years, most recently at 78.84% for Q4 2025.

  • For Q4 2025, Gross Margin fell 29.0% year-over-year to 78.84%; the TTM value through Dec 2025 reached 80.45%, down 71.0%, while the annual FY2025 figure was 80.46%, 81.0% down from the prior year.
  • Gross Margin for Q4 2025 was 78.84% at Trip.com, down from 81.55% in the prior quarter.
  • Over five years, Gross Margin peaked at 82.21% in Q3 2024 and troughed at 74.11% in Q1 2022.
  • A 5-year average of 79.34% and a median of 80.37% in 2025 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: crashed -568bps in 2021 and later surged 799bps in 2023.
  • Year by year, Gross Margin stood at 76.05% in 2021, then decreased by 0bps to 76.03% in 2022, then increased by 6bps to 80.43% in 2023, then fell by -2bps to 79.13% in 2024, then dropped by 0bps to 78.84% in 2025.
  • Business Quant data shows Gross Margin for TCOM at 78.84% in Q4 2025, 81.55% in Q3 2025, and 80.92% in Q2 2025.