Trip.com (TCOM) Research & Development (2009 - 2026)
Trip.com (TCOM) posted quarterly Research & Development of -$543.0 million for Q1 2026, down 31.48% year-over-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.
- In Q1 2026, Research & Development fell 31.48% year-over-year to -$543.0 million; the TTM figure through Mar 2026 stood at -$2.2 billion (down 27.25% YoY), while the FY2025 annual figure was $2.2 billion, up 20.22% from the prior year.
- Research & Development for Q1 2026 stood at -$543.0 million, up from -$629.0 million in the prior quarter.
- The five-year high for Research & Development was -$123.0 million in Q2 2022, with the low 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.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 43.32% in 2022, then slumped 164.23% in 2023.
- Trip.com's Research & Development stood at -$166.0 million in 2022, then sank by 98.19% to -$329.0 million in 2023, then slumped by 40.43% to -$462.0 million in 2024, then slumped by 36.15% to -$629.0 million in 2025, then gained by 13.67% to -$543.0 million in 2026.
- Business Quant data shows TCOM's Research & Development at -$543.0 million in Q1 2026, -$629.0 million in Q4 2025, and -$587.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.46 Bn | 142.25 Bn | 4.98 Bn | 263.00 Mn |
| 2 | Airbnb | 106.62 Bn | 94.55 Bn | 2.98 Bn | 875.00 Mn |
| 3 | Royal Caribbean Cruises | 81.49 Bn | 80.57 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 44.83 Bn | 41.02 Bn | 713.43 Mn | - |
| 5 | Expedia | 39.03 Bn | 31.90 Bn | 3.91 Bn | 2.12 Bn |
| 6 | Carnival | 38.43 Bn | 36.18 Bn | - | - |
| 7 | Trip.com | 29.09 Bn | 17.40 Bn | 1.86 Bn | -543.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.49 Bn | 8.27 Bn | 1.05 Bn | - |
| 9 | MakeMyTrip | 5.86 Bn | 5.08 Bn | 212.91 Mn | 48.79 Mn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 160.00 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 |