Tuniu (TOUR) Gross Margin (2013 - 2026)
Tuniu (TOUR) posted Gross Margin of 55.03% for Q2 2026, down 0.82% on a QoQ basis from 55.48% in Q1 2026, and down 874.0% year-over-year from 7.11% in Q2 2025.
Analysis
Tuniu (TOUR) Gross Margin (2013 - 2026) Analysis & Trends
Tuniu has reported Gross Margin for 14 years, with the latest figure at 55.03% in Q2 2026.
- On a quarterly basis, Gross Margin fell 874.0% year-over-year to 55.03% in Q2 2026; TTM through Jun 2026 was 55.21%, a 891.0% decrease from a year earlier, with the FY2025 full-year figure at 57.96%, down 1175.0% from the prior year.
- Gross Margin was 55.03% for Q2 2026 at Tuniu, down from 55.48% in the prior quarter.
- The five-year high for Gross Margin was 76.0% in Q1 2024, with the low at 38.13% in Q1 2022.
- Average Gross Margin over 5 years is 59.84%, with a median of 60.27% recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Gross Margin surged 3003 bps in 2023, then tumbled 1699 bps in 2025.
- Over 5 years, Gross Margin stood at 44.65% in 2022, then soared by 67 bps to 74.68% in 2023, then fell by 9 bps to 67.94% in 2024, then slipped by 17 bps to 56.69% in 2025, then fell by 3 bps to 55.03% in 2026.
- The last three Gross Margin figures came in at 55.03% (Q2 2026), 55.48% (Q1 2026), and 56.69% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trip.com | 29.56 Bn | 18.09 Bn | 1.86 Bn | 79.12% |
| 2 | Global Business Travel | 4.87 Bn | 4.36 Bn | 514.00 Mn | 59.08% |
| 3 | Ambitions Enterprise Management Co. L.L.C | 50.15 Mn | 46.99 Mn | - | - |
| 4 | Yatra Online | 6.31 Mn | -3.19 Mn | 12.97 Mn | 65.32% |
| 5 | JX Luxventure | 5.28 Mn | 4.58 Mn | - | - |
| 6 | Maitong Sunshine Cultural Development | 1.92 Mn | 1.91 Mn | - | - |
| 7 | Wetour Robotics | 529,340.95 | 345,889.98 | - | - |
| 8 | Tuniu | 6.93 | -143.55 Mn | 11.27 Mn | 55.03% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.03% |
| Mar 31, 2026 | 55.48% |
| Dec 31, 2025 | 56.69% |
| Sep 30, 2025 | 54.25% |
| Jun 30, 2025 | 63.77% |
| Mar 31, 2025 | 59.01% |
| Dec 31, 2024 | 67.94% |
| Sep 30, 2024 | 65.48% |
| Jun 30, 2024 | 72.18% |
| Mar 31, 2024 | 76.00% |
| Dec 31, 2023 | 74.68% |
| Sep 30, 2023 | 64.41% |
| Jun 30, 2023 | 65.44% |
| Mar 31, 2023 | 61.54% |
| Dec 31, 2022 | 44.65% |
| Sep 30, 2022 | 57.83% |
| Jun 30, 2022 | 44.69% |
| Mar 31, 2022 | 38.13% |
| Dec 31, 2021 | 46.53% |
| Sep 30, 2021 | 34.67% |