Trip.com (TCOM) Net Margin (2009 - 2026)
Trip.com (TCOM) recorded Net Margin of -15.64% in Q2 2026, down 48.46 percentage points from 32.82% a year earlier and down 31.26 percentage points from the prior quarter.
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Analysis
Trip.com (TCOM) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Trip.com's Net Margin came in at 36.17% as of Jun 30, 2026, up 4.33 percentage points year-over-year; for FY2025, it was 53.46%, up 21.19 percentage points from FY2024.
- Annual Net Margin has increased for five straight years, with a five-year change of +71.73 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 32.27% in FY2024 (+11.33 pp), 20.94% in FY2023 (+14.65 pp), 6.29% in FY2022 (+9.03 pp) and -2.74% in FY2021 (+15.53 pp).
- The Q2 2026 figure is the lowest quarterly Net Margin since Q1 2022.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of -19.24 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 148.18 percentage points in Q4 2023, against a drop of 171.85 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 15.62% (Q1 2026), 27.78% (Q4 2025) and 108.41% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 10.83% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 14.43% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 23.34% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 26.82% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 8.06% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -15.64% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 6.01% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 24.00% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 15.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -15.64% |
| Mar 31, 2026 | 15.62% |
| Dec 31, 2025 | 27.78% |
| Sep 30, 2025 | 108.41% |
| Jun 30, 2025 | 32.82% |
| Mar 31, 2025 | 31.20% |
| Dec 31, 2024 | 17.15% |
| Sep 30, 2024 | 42.83% |
| Jun 30, 2024 | 30.42% |
| Mar 31, 2024 | 36.63% |
| Dec 31, 2023 | 189.00% |
| Sep 30, 2023 | 34.02% |
| Jun 30, 2023 | 5.73% |
| Mar 31, 2023 | 36.78% |
| Dec 31, 2022 | 40.82% |
| Sep 30, 2022 | 3.70% |
| Jun 30, 2022 | 1.67% |
| Mar 31, 2022 | -24.01% |
| Dec 31, 2021 | -17.82% |
| Sep 30, 2021 | -15.76% |
API Access
Trip.com Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TCOM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TCOM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TCOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();