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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Trip.com (TCOM) Operating Margin (2016 - 2025)

Trip.com has reported Operating Margin over the past 17 years, most recently at 16.49% for Q4 2025.

  • For Q4 2025, Operating Margin fell 152.0% year-over-year to 16.49%; the TTM value through Dec 2025 reached 25.22%, down 139.0%, while the annual FY2025 figure was 25.25%, 136.0% down from the prior year.
  • Operating Margin for Q4 2025 was 16.49% at Trip.com, down from 30.35% in the prior quarter.
  • Over five years, Operating Margin peaked at 31.43% in Q3 2024 and troughed at 18.95% in Q1 2021.
  • A 5-year average of 13.39% and a median of 19.62% in 2023 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: tumbled -1899bps in 2021 and later soared 3278bps in 2023.
  • Year by year, Operating Margin stood at 15.1% in 2021, then surged by 69bps to 4.66% in 2022, then surged by 556bps to 21.22% in 2023, then fell by -15bps to 18.01% in 2024, then decreased by -8bps to 16.49% in 2025.
  • Business Quant data shows Operating Margin for TCOM at 16.49% in Q4 2025, 30.35% in Q3 2025, and 27.61% in Q2 2025.