Trip.com (TCOM) Invested Capital (2009 - 2026)
Trip.com (TCOM) posted quarterly Invested Capital of $2.9 billion for Q1 2026, down 6.63% year-over-year from $3.1 billion in Q1 2025, and up 6.38% quarter-over-quarter from $2.7 billion in Q4 2025.
Trip.com (TCOM) Invested Capital (2009 - 2026) Analysis & Trends
Trip.com's Invested Capital history runs 18 years deep, the most recent figure standing at $2.9 billion for Q1 2026.
- In Q1 2026, Invested Capital fell 6.63% year-over-year to $2.9 billion; the TTM figure through Mar 2026 stood at $12.4 billion (down 17.47% YoY), while the FY2025 annual figure was $2.8 billion, up 3.87% from the prior year.
- Invested Capital for Q1 2026 stood at $2.9 billion, up from $2.7 billion in the prior quarter.
- The five-year high for Invested Capital was $5.7 billion in Q1 2023, with the low at $2.7 billion in Q4 2024.
- The 5-year median for Invested Capital is $4.3 billion (2023), against an average of $4.2 billion.
- The sharpest annual moves came in 2024 and 2025: Invested Capital grew 22.16% in 2024, then sank 41.95% in 2025.
- Trip.com's Invested Capital stood at $4.6 billion in 2022, then slipped by 21.83% to $3.6 billion in 2023, then decreased by 24.67% to $2.7 billion in 2024, then increased by 0.77% to $2.7 billion in 2025, then grew by 6.38% to $2.9 billion in 2026.
- Business Quant data shows TCOM's Invested Capital at $2.9 billion in Q1 2026, $2.7 billion in Q4 2025, and $2.8 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 2.00 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | - |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 1.57 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 374.61 Mn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 1.47 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | - |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 2.90 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 15.47 Bn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 1.43 Bn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 61.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.90 Bn |
| Dec 31, 2025 | 2.73 Bn |
| Sep 30, 2025 | 2.84 Bn |
| Jun 30, 2025 | 3.90 Bn |
| Mar 31, 2025 | 3.11 Bn |
| Dec 31, 2024 | 2.71 Bn |
| Sep 30, 2024 | 3.71 Bn |
| Jun 30, 2024 | 5.46 Bn |
| Mar 31, 2024 | 5.35 Bn |
| Dec 31, 2023 | 3.59 Bn |
| Sep 30, 2023 | 4.26 Bn |
| Jun 30, 2023 | 4.47 Bn |
| Mar 31, 2023 | 5.71 Bn |
| Dec 31, 2022 | 4.59 Bn |
| Sep 30, 2022 | 4.95 Bn |
| Jun 30, 2022 | 5.49 Bn |
| Mar 31, 2022 | 4.86 Bn |
| Dec 31, 2021 | 6.24 Bn |
| Sep 30, 2021 | 7.01 Bn |
| Jun 30, 2021 | 6.34 Bn |