Trip.com (TRPCF) Debt to Equity (2009 - 2025)

Trip.com (TRPCF) recorded quarterly Debt to Equity of $0.18 in Q4 2025, down 2.5% quarter-over-quarter from $0.18 in Q3 2025, and down 35.45% on a YoY basis from $0.28 in Q4 2024.

Trip.com (TRPCF) Debt to Equity (2009 - 2025) Analysis & Trends

Trip.com's Debt to Equity history runs 17 years deep, the most recent figure standing at $0.18 for Q4 2025.

  • In Q4 2025, Debt to Equity fell 35.45% year-over-year to $0.18; the TTM figure through Dec 2025 stood at $0.18 (down 35.45% YoY), while the FY2025 annual figure was $0.18, down 37.18% from the prior year.
  • Debt to Equity was $0.18 for Q4 2025 at Trip.com, down from $0.18 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.62 in Q1 2021 to a low of $0.1 in Q4 2021.
  • Historically, Debt to Equity has averaged $0.38 across 5 years, with a median of $0.41 in 2022.
  • The sharpest annual moves came in 2021 and 2022: Debt to Equity plunged 55.02% in 2021, then jumped 299.0% in 2022.
  • A 5-year view of Debt to Equity shows it stood at $0.1 in 2021, then surged by 299.0% to $0.41 in 2022, then retreated by 9.91% to $0.37 in 2023, then decreased by 23.66% to $0.28 in 2024, then plunged by 35.45% to $0.18 in 2025.
  • The last three Debt to Equity figures came in at $0.18 (Q4 2025), $0.18 (Q3 2025), and $0.26 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -2.11
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.32
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 2.01
4 Carnival 37.80 Bn 36.39 Bn - 1.94
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 2.43
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 6.23
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.94
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.18
10 Trip.com - - 1.74 Bn 0.18

Historic Data

Download Data
DateValue
Dec 31, 2025 0.18
Sep 30, 2025 0.18
Jun 30, 2025 0.26
Mar 31, 2025 0.29
Dec 31, 2024 0.28
Sep 30, 2024 0.33
Jun 30, 2024 0.45
Mar 31, 2024 0.37
Dec 31, 2023 0.37
Sep 30, 2023 0.41
Jun 30, 2023 0.44
Mar 31, 2023 0.45
Dec 31, 2022 0.41
Sep 30, 2022 0.46
Jun 30, 2022 0.49
Mar 31, 2022 0.47
Dec 31, 2021 0.10
Sep 30, 2021 0.52
Jun 30, 2021 0.57
Mar 31, 2021 0.62