Trip.com (TCOM) Gross Margin (2009 - 2026)
Trip.com (TCOM) reported Gross Margin of 79.56% for Q2 2026, down 1.36 percentage points from 80.92% a year earlier but up 0.11 percentage points from the prior quarter.
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Analysis
Trip.com (TCOM) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Trip.com's Gross Margin came in at 79.91%, down 0.84 percentage points year-over-year; for FY2025, it came in at 80.46%, down 0.69 percentage points from FY2024.
- Gross Margin has a five-year change of +2.53 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 81.14% in FY2024 (-0.52 pp), 81.66% in FY2023 (+79.01 pp), 2.65% in FY2022 (+0.20 pp) and 2.45% in FY2021 (-75.48 pp).
- Five-year quarterly Gross Margin spans a low of 6.11% in Q1 2023 and a high of 1171.00% in Q4 2023.
- Year over year, Gross Margin has now declined in each of the last seven quarters, with an average year-over-year change of -137.06 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 1094.97 percentage points); the low point was Q4 2024 (a drop of 1091.87 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 79.45% (Q1 2026), 78.84% (Q4 2025) and 81.55% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 21.98% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 92.04% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 47.29% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 45.50% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 79.56% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 21.21% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 95.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.56% |
| Mar 31, 2026 | 79.45% |
| Dec 31, 2025 | 78.84% |
| Sep 30, 2025 | 81.55% |
| Jun 30, 2025 | 80.92% |
| Mar 31, 2025 | 80.31% |
| Dec 31, 2024 | 79.13% |
| Sep 30, 2024 | 82.21% |
| Jun 30, 2024 | 81.81% |
| Mar 31, 2024 | 81.10% |
| Dec 31, 2023 | 1,171.00% |
| Sep 30, 2023 | 81.96% |
| Jun 30, 2023 | 82.05% |
| Mar 31, 2023 | 6.11% |
| Dec 31, 2022 | 76.03% |
| Sep 30, 2022 | 81.42% |
| Jun 30, 2022 | 75.46% |
| Mar 31, 2022 | 74.11% |
| Dec 31, 2021 | 76.05% |
| Sep 30, 2021 | 77.14% |
API Access
Trip.com Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TCOM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TCOM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TCOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();