Trip.com (TCOM) Return on Capital Employed (2009 - 2026)
Trip.com's (TCOM) quarterly Return on Capital Employed came in at 8.69% in Q1 2026, up 15.0% year-on-year from 7.55% in Q1 2025, and up 5.93% quarter-over-quarter from 8.2% in Q4 2025.
Trip.com (TCOM) Return on Capital Employed (2009 - 2026) Analysis & Trends
Trip.com's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 8.69% for Q1 2026.
- On a quarterly basis, Return on Capital Employed rose 15.0% year-over-year to 8.69% in Q1 2026; TTM through Mar 2026 was 8.69%, a 15.0% increase from a year earlier, with the FY2025 full-year figure at 9.19%, up 32.0% from the prior year.
- Return on Capital Employed grew to 8.69% in Q1 2026 per TCOM's latest filing, from 8.2% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 9.21% in Q2 2025 and bottomed at 1.15% in Q2 2022.
- The 5-year median for Return on Capital Employed is 8.2% (2025), against an average of 5.61%.
- Across the five-year window, Return on Capital Employed slumped 135 bps in 2022 and jumped 687 bps in 2024, its largest moves.
- Year by year, Return on Capital Employed stood at 0.04% in 2022, then surged by 16132 bps to 6.82% in 2023, then advanced by 20 bps to 8.2% in 2024, then fell by 0 bps to 8.2% in 2025, then grew by 6 bps to 8.69% in 2026.
- Per Business Quant, the three latest TCOM Return on Capital Employed figures stand at 8.69% (Q1 2026), 8.2% (Q4 2025), and 8.69% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 104.07% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 16.68% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 31.79% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -1.24% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 54.76% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 11.61% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 35.97% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.40% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 10.65% |
| 10 | Trip.com | 498.70 Mn | -10.97 Bn | 1.86 Bn | 8.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.69% |
| Dec 31, 2025 | 8.20% |
| Sep 30, 2025 | 8.69% |
| Jun 30, 2025 | 9.21% |
| Mar 31, 2025 | 8.53% |
| Dec 31, 2024 | 8.20% |
| Sep 30, 2024 | 8.53% |
| Jun 30, 2024 | 8.93% |
| Mar 31, 2024 | 9.06% |
| Dec 31, 2023 | 6.82% |
| Sep 30, 2023 | 6.31% |
| Jun 30, 2023 | 4.17% |
| Mar 31, 2023 | 2.20% |
| Dec 31, 2022 | 0.04% |
| Sep 30, 2022 | -0.35% |
| Jun 30, 2022 | -1.15% |
| Mar 31, 2022 | -0.72% |
| Dec 31, 2021 | -0.88% |
| Sep 30, 2021 | -0.54% |
| Jun 30, 2021 | 0.20% |