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
DateValue
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