Tuniu (TOUR) Operating Margin (2013 - 2025)
Tuniu (TOUR) recorded quarterly Operating Margin of 0.87% in Q4 2025, down 87.37% quarter-over-quarter from 6.86% in Q3 2025, and up 1322.0% on a YoY basis from 0.06% in Q4 2024.
Tuniu (TOUR) Operating Margin (2013 - 2025) Analysis & Trends
Tuniu's Operating Margin history runs 13 years deep, the most recent figure standing at 0.87% for Q4 2025.
- In Q4 2025, Operating Margin rose 1322.0% year-over-year to 0.87%; the TTM figure through Dec 2025 stood at 1.98% (down 1040.0% YoY), while the FY2025 annual figure was 1.94%, down 1037.0% from the prior year.
- Operating Margin was 0.87% for Q4 2025 at Tuniu, down from 6.86% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 29.49% in Q2 2024 to a low of 332.38% in Q2 2022.
- Historically, Operating Margin has averaged 41.32% across 5 years, with a median of 14.3% in 2021.
- Biggest YoY gain for Operating Margin was 70861 bps in 2021; the steepest drop was 45811 bps in 2021.
- A 5-year view of Operating Margin shows it stood at 59.81% in 2021, then fell by 24 bps to 74.28% in 2022, then slumped 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.
- The last three Operating Margin figures came in at 0.87% (Q4 2025), 6.86% (Q3 2025), and 5.29% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.98% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.21% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 26.10% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 9.85% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 7.33% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 9.99% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.36% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 16.55% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 16.49% |
| 10 | Tuniu | 254.63 Mn | 94.87 Mn | 10.02 Mn | 0.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | -70.92% |