Trip.com (TCOM) Return on Invested Capital [ROIC] (2012 - 2026)
Trip.com (TCOM) posted Return on Invested Capital [ROIC] of 5.36% for Q2 2026, down 2.65 percentage points from 8.02% a year earlier and down 2.64 percentage points from the prior quarter.
Trip.com (TCOM) Return on Invested Capital [ROIC] (2012 - 2026) Analysis & Trends
For FY2025, Trip.com's Return on Invested Capital [ROIC] came in at 8.35%, up 0.36 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +9.02 percentage points (FY2020 to FY2025).
- In prior years, Trip.com's Return on Invested Capital [ROIC] was 7.99% in FY2024 (+1.16 pp), 6.83% in FY2023 and -0.88% in FY2021 (-0.21 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q3 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in seven of the last eight quarters, with an average year-over-year change of +0.36 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2023, with a gain of 6.66 percentage points; the weakest was Q2 2026, with a drop of 2.65 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 8.00% (Q1 2026), 7.77% (Q4 2025) and 7.94% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 25.47% |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 15.57% |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 30.61% |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 22.74% |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 11.50% |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 5.36% |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | -23.58% |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | 42.27% |
| 10 | Atour Lifestyle Holdings | 8.08 Bn | 4.77 Bn | 493.22 Mn | 73.26% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.36% |
| Mar 31, 2026 | 8.00% |
| Dec 31, 2025 | 7.77% |
| Sep 30, 2025 | 7.94% |
| Jun 30, 2025 | 8.02% |
| Mar 31, 2025 | 7.82% |
| Dec 31, 2024 | 7.65% |
| Sep 30, 2024 | 7.50% |
| Jun 30, 2024 | 7.08% |
| Mar 31, 2024 | 7.19% |
| Dec 31, 2023 | 6.70% |
| Sep 30, 2023 | 5.23% |
| Jun 30, 2023 | 3.43% |
| Mar 31, 2023 | 1.67% |
| Dec 31, 2022 | 0.04% |
| Sep 30, 2022 | -0.28% |
| Jun 30, 2022 | -0.92% |
| Mar 31, 2022 | -0.61% |
| Dec 31, 2021 | -0.84% |
| Sep 30, 2021 | -0.40% |
Trip.com Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TCOM&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "TCOM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=TCOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();