Trip.com (TCOM) Research & Development (2009 - 2026)
Trip.com's (TCOM) quarterly Research & Development came in at -$543.0 million in Q1 2026, down 31.48% year-on-year from -$792.4 million in Q1 2025, and up 13.67% quarter-over-quarter from -$629.0 million in Q4 2025.
Trip.com (TCOM) Research & Development (2009 - 2026) Analysis & Trends
Trip.com's Research & Development history runs 18 years deep, the most recent figure standing at -$543.0 million for Q1 2026.
- On a quarterly basis, Research & Development fell 31.48% year-over-year to -$543.0 million in Q1 2026; TTM through Mar 2026 was -$2.2 billion, a 27.25% decrease from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 18.39% from the prior year.
- Research & Development grew to -$543.0 million in Q1 2026 per TCOM's latest filing, from -$629.0 million in the prior quarter.
- Across five years, Research & Development topped out at -$123.0 million in Q2 2022 and bottomed at -$629.0 million in Q4 2025.
- The 5-year median for Research & Development is -$378.0 million (2023), against an average of -$364.8 million.
- Across the five-year window, Research & Development soared 43.32% in 2022 and tumbled 164.23% in 2023, its largest moves.
- Year by year, Research & Development stood at -$166.0 million in 2022, then plunged by 98.19% to -$329.0 million in 2023, then sank by 40.43% to -$462.0 million in 2024, then sank by 36.15% to -$629.0 million in 2025, then advanced by 13.67% to -$543.0 million in 2026.
- Per Business Quant, the three latest TCOM Research & Development figures stand at -$543.0 million (Q1 2026), -$629.0 million (Q4 2025), and -$587.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 240.00 Mn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | - |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 751.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 379,000.00 |
| 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 | 324.00 Mn |
| 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 | 42.07 Mn |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | -543.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -543.00 Mn |
| Dec 31, 2025 | -629.00 Mn |
| Sep 30, 2025 | -587.00 Mn |
| Jun 30, 2025 | -464.00 Mn |
| Mar 31, 2025 | -413.00 Mn |
| Dec 31, 2024 | -462.00 Mn |
| Sep 30, 2024 | -482.00 Mn |
| Jun 30, 2024 | -390.00 Mn |
| Mar 31, 2024 | -320.00 Mn |
| Dec 31, 2023 | -329.00 Mn |
| Sep 30, 2023 | -378.00 Mn |
| Jun 30, 2023 | -325.00 Mn |
| Mar 31, 2023 | -256.00 Mn |
| Dec 31, 2022 | -166.00 Mn |
| Sep 30, 2022 | -201.00 Mn |
| Jun 30, 2022 | -123.00 Mn |
| Mar 31, 2022 | -133.00 Mn |
| Dec 31, 2021 | -204.00 Mn |
| Sep 30, 2021 | -197.00 Mn |
| Jun 30, 2021 | -217.00 Mn |