Trip.com TCOM
NASDAQ TCOM
$41.03 -0.37 (-0.89%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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