Trip.com (TCOM) Operating Expenses (2009 - 2025)

Trip.com's Operating Expenses history runs 17 years deep, the most recent figure standing at -$1.4 billion for Q4 2025.

• In Q4 2025, Operating Expenses fell 28.72% year-over-year to -$1.4 billion; the TTM figure through Dec 2025 stood at -$4.8 billion (down 19.66% YoY), while the FY2025 annual figure was $4.9 billion, up 23.65% from the prior year.
• Operating Expenses was -$1.4 billion for Q4 2025 at Trip.com, down from -$1.3 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$477.0 million in Q2 2022 to a low of -$1.4 billion in Q4 2025.
• Historically, Operating Expenses has averaged -$864.2 million across 5 years, with a median of -$863.0 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses climbed 29.02% in 2022, then plunged 81.13% in 2023.
• A 5-year view of Operating Expenses shows it stood at -$670.0 million in 2021, then grew by 12.09% to -$589.0 million in 2022, then plunged by 46.35% to -$862.0 million in 2023, then slipped by 24.01% to -$1.1 billion in 2024, then slipped by 28.72% to -$1.4 billion in 2025.
• The last three Operating Expenses figures came in at -$1.4 billion (Q4 2025), -$1.3 billion (Q3 2025), and -$1.1 billion (Q2 2025), per Business Quant data.