Trip.com (TCOM) Operating Leases (2019 - 2026)
Trip.com's (TCOM) quarterly Operating Leases came in at $79.0 million in Q1 2026, up 9.72% year-on-year from $72.0 million in Q1 2025, and down 4.22% quarter-over-quarter from $82.5 million in Q4 2025.
Trip.com (TCOM) Operating Leases (2019 - 2026) Analysis & Trends
Trip.com's Operating Leases history runs 8 years deep, the most recent figure standing at $79.0 million for Q1 2026.
- On a quarterly basis, Operating Leases rose 9.72% year-over-year to $79.0 million in Q1 2026; TTM through Mar 2026 was $79.0 million, a 9.72% increase from a year earlier, with the FY2025 full-year figure at $84.0 million, up 9.09% from the prior year.
- Operating Leases declined to $79.0 million in Q1 2026 per TCOM's latest filing, from $82.5 million in the prior quarter.
- Across five years, Operating Leases topped out at $113.6 million in Q4 2022 and bottomed at $58.0 million in Q1 2022.
- The 5-year median for Operating Leases is $77.0 million (2024), against an average of $78.7 million.
- Biggest YoY gain for Operating Leases was 81.59% in 2022; the steepest drop was 48.21% in 2022.
- Year by year, Operating Leases stood at $113.6 million in 2022, then declined by 24.57% to $85.7 million in 2023, then rose by 22.66% to $105.1 million in 2024, then retreated by 21.53% to $82.5 million in 2025, then retreated by 4.22% to $79.0 million in 2026.
- Per Business Quant, the three latest TCOM Operating Leases figures stand at $79.0 million (Q1 2026), $82.5 million (Q4 2025), and $79.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.00 Mn |
| 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 | 105.11 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 | 113.61 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 |