Trip.com (TCOM) Return on Capital Employed (2009 - 2026)
Trip.com (TCOM) posted quarterly Return on Capital Employed of 8.69% for Q1 2026, up 15.0% year-over-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.
- In Q1 2026, Return on Capital Employed rose 15.0% year-over-year to 8.69%; the TTM figure through Mar 2026 stood at 8.69% (up 15.0% YoY), while the FY2025 annual figure was 9.19%, up 32.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 8.69%, up from 8.2% in the prior quarter.
- The five-year high for Return on Capital Employed was 9.21% in Q2 2025, with the low at 1.15% in Q2 2022.
- The 5-year median for Return on Capital Employed is 8.19% (2024), against an average of 5.6%.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed sank 135 bps in 2022, then jumped 685 bps in 2024.
- Trip.com's Return on Capital Employed stood at 0.04% in 2022, then surged by 16721 bps to 6.82% in 2023, then grew by 20 bps to 8.19% in 2024, then advanced by 0 bps to 8.2% in 2025, then climbed by 6 bps to 8.69% in 2026.
- Business Quant data shows TCOM's Return on Capital Employed at 8.69% in Q1 2026, 8.2% in Q4 2025, and 8.69% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 121.68% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 28.23% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 16.12% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 24.37% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 11.61% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 33.85% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 8.69% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.72% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 11.21% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.90% |
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 | 8.19% |
| Sep 30, 2024 | 8.51% |
| Jun 30, 2024 | 8.91% |
| Mar 31, 2024 | 9.04% |
| Dec 31, 2023 | 6.82% |
| Sep 30, 2023 | 6.31% |
| Jun 30, 2023 | 4.17% |
| Mar 31, 2023 | 2.19% |
| 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% |