Trip.com (TCOM) Operating Leases (2019 - 2025)
Trip.com (TCOM) recorded quarterly Operating Leases of $82.5 million in Q4 2025, up 4.41% quarter-over-quarter from $79.0 million in Q3 2025, and up 5.61% on a YoY basis from $78.1 million in Q4 2024.
Trip.com (TCOM) Operating Leases (2019 - 2025) Analysis & Trends
Trip.com's Operating Leases history runs 7 years deep, the most recent figure standing at $82.5 million for Q4 2025.
- In Q4 2025, Operating Leases rose 5.61% year-over-year to $82.5 million; the TTM figure through Dec 2025 stood at $82.5 million (up 5.61% YoY), while the FY2025 annual figure was $84.0 million, up 9.09% from the prior year.
- Operating Leases was $82.5 million for Q4 2025 at Trip.com, up from $79.0 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $112.0 million in Q1 2021 to a low of $58.0 million in Q1 2022.
- Historically, Operating Leases has averaged $76.4 million across 5 years, with a median of $75.5 million in 2022.
- The sharpest annual moves came in 2021 and 2023: Operating Leases sank 59.63% in 2021, then grew 25.86% in 2023.
- A 5-year view of Operating Leases shows it stood at $62.6 million in 2021, then increased by 20.01% to $75.1 million in 2022, then advanced by 14.13% to $85.7 million in 2023, then dropped by 8.86% to $78.1 million in 2024, then gained by 5.61% to $82.5 million in 2025.
- The last three Operating Leases figures came in at $82.5 million (Q4 2025), $79.0 million (Q3 2025), and $76.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 82.48 Mn |
| Sep 30, 2025 | 79.00 Mn |
| Jun 30, 2025 | 76.00 Mn |
| Mar 31, 2025 | 72.00 Mn |
| Dec 31, 2024 | 78.10 Mn |
| Sep 30, 2024 | 77.00 Mn |
| Jun 30, 2024 | 75.00 Mn |
| Mar 31, 2024 | 65.00 Mn |
| Dec 31, 2023 | 85.69 Mn |
| Sep 30, 2023 | 64.00 Mn |
| Jun 30, 2023 | 67.00 Mn |
| Mar 31, 2023 | 73.00 Mn |
| Dec 31, 2022 | 75.08 Mn |
| Sep 30, 2022 | 78.00 Mn |
| Jun 30, 2022 | 88.00 Mn |
| Mar 31, 2022 | 58.00 Mn |
| Dec 31, 2021 | 62.56 Mn |
| Sep 30, 2021 | 66.00 Mn |
| Jun 30, 2021 | 94.00 Mn |
| Mar 31, 2021 | 112.00 Mn |