Trip.com (TRPCF) Invested Capital (2009 - 2025)

Trip.com (TRPCF) recorded quarterly Invested Capital of $24.1 billion in Q4 2025, down 9.82% quarter-over-quarter from $26.7 billion in Q3 2025, and up 14.98% on a YoY basis from $21.0 billion in Q4 2024.

Trip.com (TRPCF) Invested Capital (2009 - 2025) Analysis & Trends

Trip.com's Invested Capital history runs 17 years deep, the most recent figure standing at $24.1 billion for Q4 2025.

  • In Q4 2025, Invested Capital rose 14.98% year-over-year to $24.1 billion; the TTM figure through Dec 2025 stood at $24.1 billion (up 14.98% YoY), while the FY2025 annual figure was $23.8 billion, up 15.22% from the prior year.
  • Invested Capital was $24.1 billion for Q4 2025 at Trip.com, down from $26.7 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $26.7 billion in Q3 2025 to a low of $17.3 billion in Q4 2021.
  • Historically, Invested Capital has averaged $22.2 billion across 5 years, with a median of $22.5 billion in 2022.
  • The sharpest annual moves came in 2021 and 2022: Invested Capital increased 22.17% in 2021, then declined 15.96% in 2022.
  • A 5-year view of Invested Capital shows it stood at $17.3 billion in 2021, then climbed by 2.64% to $17.7 billion in 2022, then increased by 11.3% to $19.7 billion in 2023, then advanced by 6.16% to $21.0 billion in 2024, then advanced by 14.98% to $24.1 billion in 2025.
  • The last three Invested Capital figures came in at $24.1 billion (Q4 2025), $26.7 billion (Q3 2025), and $24.7 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 8.18 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 10.11 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 9.82 Bn
4 Carnival 37.80 Bn 36.39 Bn - 39.05 Bn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 6.31 Bn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 18.04 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.13 Bn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 2.63 Bn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 24.09 Bn
10 Trip.com - - 1.74 Bn 24.09 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 24.09 Bn
Sep 30, 2025 26.72 Bn
Jun 30, 2025 24.69 Bn
Mar 31, 2025 23.25 Bn
Dec 31, 2024 20.95 Bn
Sep 30, 2024 23.66 Bn
Jun 30, 2024 23.52 Bn
Mar 31, 2024 23.16 Bn
Dec 31, 2023 19.74 Bn
Sep 30, 2023 21.16 Bn
Jun 30, 2023 20.80 Bn
Mar 31, 2023 22.73 Bn
Dec 31, 2022 17.73 Bn
Sep 30, 2022 20.36 Bn
Jun 30, 2022 21.87 Bn
Mar 31, 2022 22.17 Bn
Dec 31, 2021 17.28 Bn
Sep 30, 2021 24.22 Bn
Jun 30, 2021 23.59 Bn
Mar 31, 2021 22.07 Bn