Trip.com (TCOM) Operating Expenses (2009 - 2026)
Trip.com's (TCOM) quarterly Operating Expenses came in at -$703.2 million in Q1 2026, up 32.51% year-on-year from -$530.7 million in Q1 2025, and up 48.89% quarter-over-quarter from -$1.4 billion in Q4 2025.
Trip.com (TCOM) Operating Expenses (2009 - 2026) Analysis & Trends
Trip.com's Operating Expenses history runs 18 years deep, the most recent figure standing at -$703.2 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 32.51% year-over-year to -$703.2 million in Q1 2026; TTM through Mar 2026 was -$4.5 billion, a 7.01% decrease from a year earlier, with the FY2025 full-year figure at $4.9 billion, up 23.65% from the prior year.
- Operating Expenses advanced to -$703.2 million in Q1 2026 per TCOM's latest filing, from -$1.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at -$477.0 million in Q2 2022 and bottomed at -$1.4 billion in Q4 2025.
- The 5-year median for Operating Expenses is -$880.0 million (2024), against an average of -$904.7 million.
- Across the five-year window, Operating Expenses plunged 81.13% in 2023 and soared 32.51% in 2026, its largest moves.
- Year by year, Operating Expenses stood at -$589.0 million in 2022, then slumped 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, then jumped by 48.89% to -$703.2 million in 2026.
- Per Business Quant, the three latest TCOM Operating Expenses figures stand at -$703.2 million (Q1 2026), -$1.4 billion (Q4 2025), and -$1.3 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 4.26 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 582.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 2.59 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 379,000.00 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -352.87 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 4.23 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 576.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 720.40 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 105.66 Mn |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | -703.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -703.23 Mn |
| Dec 31, 2025 | -1.38 Bn |
| Sep 30, 2025 | -1.32 Bn |
| Jun 30, 2025 | -1.11 Bn |
| Mar 31, 2025 | -1.04 Bn |
| Dec 31, 2024 | -1.07 Bn |
| Sep 30, 2024 | -1.15 Bn |
| Jun 30, 2024 | -950.00 Mn |
| Mar 31, 2024 | -880.00 Mn |
| Dec 31, 2023 | -862.00 Mn |
| Sep 30, 2023 | -1.01 Bn |
| Jun 30, 2023 | -864.00 Mn |
| Mar 31, 2023 | -775.00 Mn |
| Dec 31, 2022 | -589.00 Mn |
| Sep 30, 2022 | -670.00 Mn |
| Jun 30, 2022 | -477.00 Mn |
| Mar 31, 2022 | -536.00 Mn |
| Dec 31, 2021 | -670.00 Mn |
| Sep 30, 2021 | -678.00 Mn |
| Jun 30, 2021 | -672.00 Mn |