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| Date | Value |
|---|---|
| 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 |