Trip.com (TCOM) Prepaid Assets (2009 - 2025)
Trip.com (TCOM) recorded quarterly Prepaid Assets of $3.4 billion in Q4 2025, down 15.87% quarter-over-quarter from $4.0 billion in Q3 2025, and up 40.47% on a YoY basis from $2.4 billion in Q4 2024.
Trip.com (TCOM) Prepaid Assets (2009 - 2025) Analysis & Trends
Trip.com's Prepaid Assets history runs 17 years deep, the most recent figure standing at $3.4 billion for Q4 2025.
- In Q4 2025, Prepaid Assets rose 40.47% year-over-year to $3.4 billion; the TTM figure through Dec 2025 stood at $3.4 billion (up 40.47% YoY), while the FY2025 annual figure was $3.4 billion, up 44.74% from the prior year.
- Prepaid Assets was $3.4 billion for Q4 2025 at Trip.com, down from $4.0 billion in the prior quarter.
- In the past five years, Prepaid Assets ranged from a high of $4.0 billion in Q3 2025 to a low of $1.4 billion in Q4 2021.
- Historically, Prepaid Assets has averaged $2.3 billion across 5 years, with a median of $2.3 billion in 2023.
- The sharpest annual moves came in 2021 and 2023: Prepaid Assets declined 27.12% in 2021, then surged 50.92% in 2023.
- A 5-year view of Prepaid Assets shows it stood at $1.4 billion in 2021, then increased by 1.21% to $1.4 billion in 2022, then gained by 23.84% to $1.8 billion in 2023, then jumped by 35.94% to $2.4 billion in 2024, then surged by 40.47% to $3.4 billion in 2025.
- The last three Prepaid Assets figures came in at $3.4 billion (Q4 2025), $4.0 billion (Q3 2025), and $3.1 billion (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 | 3.38 Bn |
| Sep 30, 2025 | 4.02 Bn |
| Jun 30, 2025 | 3.08 Bn |
| Mar 31, 2025 | 2.87 Bn |
| Dec 31, 2024 | 2.41 Bn |
| Sep 30, 2024 | 3.49 Bn |
| Jun 30, 2024 | 2.60 Bn |
| Mar 31, 2024 | 2.42 Bn |
| Dec 31, 2023 | 1.77 Bn |
| Sep 30, 2023 | 2.59 Bn |
| Jun 30, 2023 | 2.35 Bn |
| Mar 31, 2023 | 2.21 Bn |
| Dec 31, 2022 | 1.43 Bn |
| Sep 30, 2022 | 1.87 Bn |
| Jun 30, 2022 | 1.61 Bn |
| Mar 31, 2022 | 1.46 Bn |
| Dec 31, 2021 | 1.41 Bn |
| Sep 30, 2021 | 2.17 Bn |
| Jun 30, 2021 | 1.61 Bn |
| Mar 31, 2021 | 1.49 Bn |