Trip.com (TCOM) Research & Development (2009 - 2026)
Trip.com (TCOM) posted Research & Development of -$543.0 million for Q1 2026, up 13.67% on a QoQ basis from -$629.0 million in Q4 2025, and down 31.48% year-over-year from -$792.4 million in Q1 2025.
Analysis
Trip.com (TCOM) Research & Development (2009 - 2026) Analysis & Trends
Trip.com has reported Research & Development for 18 years, with the latest figure at -$543.0 million in 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, down 30.66% from the prior year.
- Research & Development was -$543.0 million for Q1 2026 at Trip.com, up from -$629.0 million in the prior quarter.
- The five-year high for Research & Development was -$19.0 million in Q1 2023, with the low at -$629.0 million in Q4 2025.
- Average Research & Development over 5 years is -$333.1 million, with a median of -$378.0 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Research & Development jumped 85.71% in 2023, then slumped 2073.68% in 2025.
- Over 5 years, 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 climbed by 13.67% to -$543.0 million in 2026.
- The last three Research & Development figures came in at -$543.0 million (Q1 2026), -$629.0 million (Q4 2025), and -$587.0 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 26.65 Bn | 15.19 Bn | 1.86 Bn | -543.00 Mn |
| 2 | Yatra Online | 6.38 Bn | 6.42 Bn | 12.97 Mn | 473,000.00 |
| 3 | Global Business Travel | 4.95 Bn | 4.48 Bn | 514.00 Mn | 160.00 Mn |
| 4 | Ambitions Enterprise Management Co. L.L.C | 36.55 Mn | 33.39 Mn | - | - |
| 5 | JX Luxventure | 5.82 Mn | 5.11 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 560,999.99 | 377,549.02 | - | - |
| 8 | Tuniu | 5.03 | -154.31 Mn | 11.27 Mn | -8.06 Mn |
Historic Data
Download Data
Historic 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 | -19.00 Mn |
| Dec 31, 2023 | -329.00 Mn |
| Sep 30, 2023 | -378.00 Mn |
| Jun 30, 2023 | -325.00 Mn |
| Mar 31, 2023 | -19.00 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 |