Trip.com (TCOM) Research & Development (2009 - 2025)

Trip.com's Research & Development history runs 17 years deep, the most recent figure standing at -$576.0 million for Q4 2025.

• In Q4 2025, Research & Development fell 23.87% year-over-year to -$576.0 million; the TTM figure through Dec 2025 stood at -$2.1 billion (down 16.31% YoY), while the FY2025 annual figure was $2.2 billion, up 20.22% from the prior year.
• Research & Development was -$576.0 million for Q4 2025 at Trip.com, roughly flat from -$574.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$264.0 million in Q2 2022 to a low of -$576.0 million in Q4 2025.
• Historically, Research & Development has averaged -$413.6 million across 5 years, with a median of -$409.0 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Research & Development advanced 23.48% in 2022, then tumbled 54.17% in 2023.
• A 5-year view of Research & Development shows it stood at -$351.0 million in 2021, then climbed by 13.11% to -$305.0 million in 2022, then plunged by 34.75% to -$411.0 million in 2023, then retreated by 13.14% to -$465.0 million in 2024, then fell by 23.87% to -$576.0 million in 2025.
• The last three Research & Development figures came in at -$576.0 million (Q4 2025), -$574.0 million (Q3 2025), and -$489.0 million (Q2 2025), per Business Quant data.