Tuniu (TOUR) Net Margin (2013 - 2025)
Tuniu (TOUR) recorded quarterly Net Margin of 2.09% in Q4 2025, down 80.35% quarter-over-quarter from 10.63% in Q3 2025, and up 2611.0% on a YoY basis from 0.08% in Q4 2024.
Tuniu (TOUR) Net Margin (2013 - 2025) Analysis & Trends
Tuniu's Net Margin history runs 13 years deep, the most recent figure standing at 2.09% for Q4 2025.
- In Q4 2025, Net Margin rose 2611.0% year-over-year to 2.09%; the TTM figure through Dec 2025 stood at 5.55% (down 1093.0% YoY), while the FY2025 annual figure was 5.39%, down 964.0% from the prior year.
- Net Margin was 2.09% for Q4 2025 at Tuniu, down from 10.63% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 36.33% in Q2 2024 to a low of 342.33% in Q2 2022.
- Historically, Net Margin has averaged 33.29% across 5 years, with a median of 9.61% in 2021.
- Biggest YoY gain for Net Margin was 71355 bps in 2021; the steepest drop was 44198 bps in 2021.
- A 5-year view of Net Margin shows it stood at 46.21% in 2021, then surged by 65 bps to 16.05% in 2022, then tumbled by 735 bps to 134.07% in 2023, then surged by 82 bps to 24.02% in 2024, then soared by 109 bps to 2.09% in 2025.
- The last three Net Margin figures came in at 2.09% (Q4 2025), 10.63% (Q3 2025), and 9.82% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | Tuniu | 254.63 Mn | 94.87 Mn | 10.02 Mn | 2.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.09% |
| Sep 30, 2025 | 10.63% |
| Jun 30, 2025 | 9.82% |
| Mar 31, 2025 | -4.56% |
| Dec 31, 2024 | -24.02% |
| Sep 30, 2024 | 23.52% |
| Jun 30, 2024 | 36.33% |
| Mar 31, 2024 | 20.73% |
| Dec 31, 2023 | -134.07% |
| Sep 30, 2023 | 23.92% |
| Jun 30, 2023 | 1.13% |
| Mar 31, 2023 | -11.10% |
| Dec 31, 2022 | -16.05% |
| Sep 30, 2022 | -28.31% |
| Jun 30, 2022 | -342.33% |
| Mar 31, 2022 | -97.46% |
| Dec 31, 2021 | -46.21% |
| Sep 30, 2021 | -30.61% |
| Jun 30, 2021 | -8.11% |
| Mar 31, 2021 | -51.04% |