Trip.com (TCOM) Invested Capital (2009 - 2026)
Trip.com's (TCOM) quarterly Invested Capital came in at $2.9 billion in Q1 2026, down 6.63% year-on-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.
- On a quarterly basis, Invested Capital fell 6.63% year-over-year to $2.9 billion in Q1 2026; TTM through Mar 2026 was $12.4 billion, a 17.47% decrease from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 3.87% from the prior year.
- Invested Capital climbed to $2.9 billion in Q1 2026 per TCOM's latest filing, from $2.7 billion in the prior quarter.
- Across five years, Invested Capital topped out at $5.7 billion in Q1 2023 and bottomed 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.
- Across the five-year window, Invested Capital gained 22.16% in 2024 and sank 42.5% in 2025, its largest moves.
- Year by year, Invested Capital stood at $4.6 billion in 2022, then dropped by 21.83% to $3.6 billion in 2023, then slipped by 24.67% to $2.7 billion in 2024, then rose by 0.77% to $2.7 billion in 2025, then increased by 6.38% to $2.9 billion in 2026.
- Per Business Quant, the three latest TCOM Invested Capital figures stand at $2.9 billion (Q1 2026), $2.7 billion (Q4 2025), and $2.8 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 3.02 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 1.45 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | - |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 7.65 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 374.61 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.47 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 15.61 Bn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | 2.90 Bn |
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 | 5.40 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 | 5.41 Bn |
| Mar 31, 2022 | 4.86 Bn |
| Dec 31, 2021 | 6.24 Bn |
| Sep 30, 2021 | 7.01 Bn |
| Jun 30, 2021 | 6.35 Bn |