Tuniu (TOUR) Operating Margin (2013 - 2026)
Tuniu's (TOUR) quarterly Operating Margin came in at 2.82% in Q1 2026, up 636.0% year-on-year from 0.38% in Q1 2025, and down 426.19% quarter-over-quarter from 0.87% in Q4 2025.
Tuniu (TOUR) Operating Margin (2013 - 2026) Analysis & Trends
Tuniu's Operating Margin history runs 14 years deep, the most recent figure standing at 2.82% for Q1 2026.
- On a quarterly basis, Operating Margin rose 636.0% year-over-year to 2.82% in Q1 2026; TTM through Mar 2026 was 3.03%, a 476.0% decrease from a year earlier, with the FY2025 full-year figure at 1.94%, down 1037.0% from the prior year.
- Operating Margin slipped to 2.82% in Q1 2026 per TOUR's latest filing, from 0.87% in the prior quarter.
- Across five years, Operating Margin topped out at 29.49% in Q2 2024 and bottomed at 332.38% in Q2 2022.
- The 5-year median for Operating Margin is 2.82% (2026), against an average of 37.22%.
- Across the five-year window, Operating Margin plunged 31614 bps in 2022 and jumped 33917 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 74.28% in 2022, then plunged by 66 bps to 123.42% in 2023, then soared by 90 bps to 12.36% in 2024, then jumped by 107 bps to 0.87% in 2025, then slumped by 426 bps to 2.82% in 2026.
- Per Business Quant, the three latest TOUR Operating Margin figures stand at 2.82% (Q1 2026), 0.87% (Q4 2025), and 6.86% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.98% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 26.10% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 3.21% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -12.11% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 61.84% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 12.77% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 7.33% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.99% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 16.11% |
| 10 | Tuniu | 28.14 Mn | -121.95 Mn | 10.66 Mn | -2.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.82% |
| Dec 31, 2025 | 0.87% |
| Sep 30, 2025 | 6.86% |
| Jun 30, 2025 | 5.29% |
| Mar 31, 2025 | -9.19% |
| Dec 31, 2024 | -12.36% |
| Sep 30, 2024 | 15.69% |
| Jun 30, 2024 | 29.49% |
| Mar 31, 2024 | 11.40% |
| Dec 31, 2023 | -123.42% |
| Sep 30, 2023 | 17.79% |
| Jun 30, 2023 | 6.78% |
| Mar 31, 2023 | -26.89% |
| Dec 31, 2022 | -74.28% |
| Sep 30, 2022 | -18.31% |
| Jun 30, 2022 | -332.38% |
| Mar 31, 2022 | -127.29% |
| Dec 31, 2021 | -59.81% |
| Sep 30, 2021 | -49.40% |
| Jun 30, 2021 | -16.25% |