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
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 -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