Trip.com (TCOM) Net Margin (2009 - 2026)
Trip.com (TCOM) posted Net Margin of 33.89% for Q1 2026, up 25.48% on a QoQ basis from 27.0% in Q4 2025, and down 313.0% year-over-year from 15.91% in Q1 2025.
Analysis
Trip.com (TCOM) Net Margin (2009 - 2026) Analysis & Trends
Trip.com has reported Net Margin for 18 years, with the latest figure at 33.89% in Q1 2026.
- On a quarterly basis, Net Margin fell 313.0% year-over-year to 33.89% in Q1 2026; TTM through Mar 2026 was 39.0%, a 115.0% increase from a year earlier, with the FY2025 full-year figure at 0.04%, down 3679.0% from the prior year.
- Net Margin was 33.89% for Q1 2026 at Trip.com, up from 27.0% in the prior quarter.
- The five-year high for Net Margin was 519.0% in Q4 2023, with the low at 13.57% in Q1 2022.
- Average Net Margin over 5 years is 62.89%, with a median of 38.25% recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 50119 bps in 2023, then slumped 49030 bps in 2024.
- Over 5 years, Net Margin stood at 17.81% in 2022, then jumped by 2814 bps to 519.0% in 2023, then plunged by 94 bps to 28.7% in 2024, then dropped by 6 bps to 27.0% in 2025, then gained by 25 bps to 33.89% in 2026.
- The last three Net Margin figures came in at 33.89% (Q1 2026), 27.0% (Q4 2025), and 52.94% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | 33.89% |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 1.83% |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 1.72% |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | 0.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 33.89% |
| Dec 31, 2025 | 27.00% |
| Sep 30, 2025 | 52.94% |
| Jun 30, 2025 | 40.19% |
| Mar 31, 2025 | 37.02% |
| Dec 31, 2024 | 28.70% |
| Sep 30, 2024 | 42.25% |
| Jun 30, 2024 | 42.18% |
| Mar 31, 2024 | 42.94% |
| Dec 31, 2023 | 519.00% |
| Sep 30, 2023 | 39.82% |
| Jun 30, 2023 | 40.93% |
| Mar 31, 2023 | 38.25% |
| Dec 31, 2022 | 17.81% |
| Sep 30, 2022 | 29.86% |
| Jun 30, 2022 | 22.81% |
| Mar 31, 2022 | 13.57% |
| Dec 31, 2021 | 9.52% |
| Sep 30, 2021 | 13.48% |
| Jun 30, 2021 | 22.28% |