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
DateValue
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