Trip.com TCOM
NASDAQ TCOM
$41.03 -0.37 (-0.89%)
At close: Sep 4, 2026 · 4:00 PM EDT

Trip.com (TCOM) Operating Expenses (2009 - 2026)

Trip.com (TCOM) posted Operating Expenses of -$703.2 million for Q1 2026, up 48.89% on a QoQ basis from -$1.4 billion in Q4 2025, and up 32.51% year-over-year from -$530.7 million in Q1 2025.

Analysis

Trip.com (TCOM) Operating Expenses (2009 - 2026) Analysis & Trends

Trip.com has reported Operating Expenses for 18 years, with the latest figure at -$703.2 million in 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, down 23.65% from the prior year.
  • Operating Expenses was -$703.2 million for Q1 2026 at Trip.com, up from -$1.4 billion in the prior quarter.
  • The five-year high for Operating Expenses was -$53.0 million in Q1 2024, with the low at -$1.4 billion in Q4 2025.
  • Average Operating Expenses over 5 years is -$813.8 million, with a median of -$864.0 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses surged 89.18% in 2023, then tumbled 1866.04% in 2025.
  • Over 5 years, Operating Expenses stood at -$589.0 million in 2022, then tumbled by 46.35% to -$862.0 million in 2023, then dropped by 24.01% to -$1.1 billion in 2024, then dropped by 28.72% to -$1.4 billion in 2025, then surged by 48.89% to -$703.2 million in 2026.
  • The last three Operating Expenses figures came in at -$703.2 million (Q1 2026), -$1.4 billion (Q4 2025), and -$1.3 billion (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Trip.com 26.65 Bn 15.19 Bn 1.86 Bn -703.23 Mn
2 Yatra Online 6.38 Bn 6.42 Bn 12.97 Mn 473,000.00
3 Global Business Travel 4.95 Bn 4.48 Bn 514.00 Mn 846.00 Mn
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 - 37,739.00
7 Wetour Robotics 560,999.99 377,549.02 - -
8 Tuniu 5.03 -154.31 Mn 11.27 Mn -12.16 Mn
Historic Data

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 -53.00 Mn
Dec 31, 2023 -862.00 Mn
Sep 30, 2023 -1.01 Bn
Jun 30, 2023 -864.00 Mn
Mar 31, 2023 -58.00 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