Trip.com (TCOM) Gross Margin (2009 - 2026)

Trip.com has reported Gross Margin for 18 years, with the latest figure at 79.12% in Q1 2026.

• On a quarterly basis, Gross Margin fell 120.0% year-over-year to 79.12% in Q1 2026; TTM through Mar 2026 was 80.14%, a 81.0% decrease from a year earlier, with the FY2025 full-year figure at 80.46%, down 69.0% from the prior year.
• Gross Margin was 79.12% for Q1 2026 at Trip.com, roughly flat from 78.84% in the prior quarter.
• The five-year high for Gross Margin was 1171.0% in Q4 2023, with the low at 6.11% in Q1 2023.
• Average Gross Margin over 5 years is 139.6%, with a median of 80.92% recorded in 2025.
• The sharpest annual moves came in 2023 and 2024: Gross Margin jumped 109497 bps in 2023, then tumbled 109187 bps in 2024.
• Over 5 years, Gross Margin stood at 76.03% in 2022, then surged by 1440 bps to 1171.0% in 2023, then slumped by 93 bps to 79.13% in 2024, then slipped by 0 bps to 78.84% in 2025, then rose by 0 bps to 79.12% in 2026.
• The last three Gross Margin figures came in at 79.12% (Q1 2026), 78.84% (Q4 2025), and 81.55% (Q3 2025), per Business Quant data.