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
Download Data
Historic 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 | -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 |