Trip.com Group Limited (TCOM) Financials

TCOM

FY2025 annual

Revenue $8.9B +22.2% YoY

Net Income $4.8B +103.7% YoY

Free Cash Flow $1.9B -25.5% YoY

Operating Cash Flow $2.1B -23.5% YoY

Market Cap $24.4B as of Oct 5, 2026

Price / Sales 2.7x on $8.9B revenue, FY2025

Price / Earnings 5.1x on $4.8B net income, FY2025

Price / Book 1.0x on $24.4B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 28, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TCOM SEC filings page.

Trip.com Group Limited (TCOM) reported $8.9B in revenue for fiscal year 2025, up 22.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TCOM FY2025 2026-10-04

Trip.com has turned scale into operating profit and a sturdier balance sheet, but its latest accounting earnings converted into less cash.

Operating margin rose from 0.5% in FY2022 to 25.3% in FY2025. Because gross margin remained near 81%, the improvement appears to come mainly below the gross-profit line, consistent with operating-cost absorption rather than changed unit economics.

FY2025 net income of $4.8B exceeded operating cash flow of $2.1B, so accounting earnings did not translate one-for-one into cash. Free cash flow margin fell from 35.8% to 21.8% over FY2024-FY2025, reinforcing that cash conversion weakened even as reported profit rose.

Debt-to-equity fell from 0.2x in FY2023 to 0.1x in FY2025, indicating less reliance on debt financing. The current ratio reached 1.5x, showing that short-term asset coverage also improved.

Financial Health Signals

Financial Health Score 74/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Trip.com Group Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Trip.com Group Limited has an operating margin of 25.3%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is down from 26.6% the prior year.

Growth

Trip.com Group Limited's revenue surged 22.2% year-over-year to $8.9B, reflecting rapid business expansion. This strong growth earns a score of 81/100.

Leverage

Trip.com Group Limited carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Trip.com Group Limited's current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Trip.com Group Limited converts 21.8% of revenue into free cash flow ($1.9B). This strong cash generation earns a score of 95/100.

Returns

Trip.com Group Limited's ROE of 19.5% shows moderate profitability relative to equity, earning a score of 53/100. This is up from 12.0% the prior year.

Piotroski F-Score Strong

7/9

Trip.com Group Limited passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.43x

For every $1 of reported earnings, Trip.com Group Limited generates $0.43 in operating cash flow ($2.1B OCF vs $4.8B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage Safe

18.65x

Trip.com Group Limited earns $18.65 in operating income for every $1 of interest expense ($2.3B vs $121.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$5.7B

YoY-14.1%

QoQ-14.1%

Trip.com Group Limited held $5.7B in cash against $1.6B in long-term debt as of Q4 2025.

Shares Outstanding

650M

YoY-0.6%

QoQ-0.6%

Trip.com Group Limited had 650M shares outstanding in Q4 2025. This represents a decrease of 0.6% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

TCOM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TCOM quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$8.9B+22.2%	$7.3B+16.5%	$6.3B+115.7%	$2.9B-7.5%	$3.1B+11.9%	$2.8B-45.2%	$5.1B+13.2%	$4.5B+9.1%	$4.1B+45.5%	$2.9B+60.6%	$1.8B+41.7%	$1.3B+32.6%	$944.4M+33.4%	$707.7M+19.5%	$592.1M
Cost of Revenue	$1.7B+26.7%	$1.4B+19.6%	$1.1B+74.9%	$654.0M-9.3%	$721.0M+16.7%	$618.0M-41.6%	$1.1B+15.1%	$920.0M+28.0%	$719.0M+5.5%	$681.2M+45.0%	$469.8M+38.8%	$338.6M+47.8%	$229.1M+37.5%	$166.6M+30.2%	$127.9M
Gross Profit	$7.2B+21.2%	$5.9B+15.8%	$5.1B+127.5%	$2.3B-6.9%	$2.4B+10.6%	$2.2B-46.1%	$4.1B+13.4%	$3.6B+5.5%	$3.4B+62.7%	$2.1B+72.2%	$1.2B+43.4%	$845.6M+28.0%	$660.7M+31.9%	$501.0M+17.1%	$427.9M
R&D Expenses	$2.2B+20.2%	$1.8B+5.4%	$1.7B+41.2%	$1.2B-14.3%	$1.4B+20.1%	$1.2B-23.4%	$1.5B+9.6%	$1.4B+10.2%	$1.3B+14.6%	$1.1B+117.6%	$508.9M+36.0%	$374.1M+81.8%	$205.8M+40.6%	$146.4M+53.2%	$95.6M
SG&A Expenses	$640.0M+14.3%	$560.0M+6.3%	$527.0M+27.6%	$413.0M-10.0%	$459.0M-17.6%	$557.0M+18.0%	$472.0M+15.1%	$410.0M+1.7%	$403.0M+11.1%	$362.8M+115.9%	$168.0M+21.0%	$138.9M+30.0%	$106.8M+16.6%	$91.6M+43.8%	$63.7M
Operating Income	$2.3B+16.2%	$1.9B+21.8%	$1.6B+10533.3%	$15.0M+106.8%	-$221.0M-1.4%	-$218.0M-130.2%	$723.0M+90.8%	$379.0M-15.7%	$449.7M+299.1%	-$225.9M-484.0%	$58.8M+342.0%	-$24.3M-117.5%	$138.5M+31.8%	$105.1M-38.0%	$169.4M
EBITDA	$2.4B+15.6%	$2.0B+20.8%	$1.7B+1472.9%	$107.0M+199.1%	-$108.0M-11.3%	-$97.0M-111.9%	$817.0M+78.4%	$458.0M-12.8%	$525.0M+429.3%	-$159.5M-262.1%	$98.3M+2554.0%	$3.7M-97.6%	$156.8M+31.4%	$119.3M-34.4%	$181.9M
Interest Expense	$121.0M-49.2%	$238.0M-18.2%	$291.0M+32.9%	$219.0M-11.0%	$246.0M-6.5%	$263.0M+9.1%	$241.0M+10.0%	$219.0M+10.8%	$197.7M+87.5%	$105.4M+125.8%	$46.7M+78.4%	$26.2M+177.7%	$9.4M	N/A	N/A
Income Tax	$832.0M+133.1%	$357.0M+45.1%	$246.0M+148.5%	$99.0M+135.7%	$42.0M-22.2%	$54.0M-78.4%	$250.0M+117.4%	$115.0M-41.6%	$196.8M+185.9%	$68.8M-5.1%	$72.6M+244.3%	$21.1M-56.5%	$48.5M+2.6%	$47.3M+13.5%	$41.7M
Net Income	$4.8B+103.7%	$2.3B+67.4%	$1.4B+578.2%	$206.0M+339.5%	-$86.0M+82.7%	-$497.0M-149.4%	$1.0B+521.0%	$162.0M-50.8%	$329.2M+259.8%	-$206.1M-153.2%	$387.1M+889.5%	$39.1M-76.3%	$164.9M+43.8%	$114.7M-33.0%	$171.0M
Diluted Shares (Avg)	698M+1.4%	689M+2.6%	671M+2.1%	657M+3.6%	634M	601M-6.4%	642M+805.1%	71M-1.2%	72M+21.3%	59M+24.9%	47M+24.0%	38M+0.4%	38M+5.5%	36M-5.1%	38M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

TCOM Balance Sheet

TCOM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$38.2B+15.1%	$33.2B+7.7%	$30.9B+11.1%	$27.8B-7.7%	$30.1B+4.9%	$28.7B-0.2%	$28.8B+6.4%	$27.0B+8.5%	$24.9B+19.7%	$20.8B+13.4%	$18.3B+263.8%	$5.0B+46.6%	$3.4B+83.6%	$1.9B+20.8%	$1.6B
Current Assets	$17.3B+12.7%	$15.4B+22.9%	$12.5B+40.3%	$8.9B-14.1%	$10.4B+16.7%	$8.9B-8.9%	$9.8B-15.5%	$11.5B+26.8%	$9.1B+37.7%	$6.6B+5.5%	$6.3B+127.7%	$2.8B+16.0%	$2.4B+93.4%	$1.2B+20.7%	$1.0B
Cash & Equivalents	$5.7B-14.1%	$6.6B+13.3%	$5.9B+137.6%	$2.5B-20.7%	$3.1B+12.2%	$2.8B-3.1%	$2.9B-8.6%	$3.1B+11.7%	$2.8B-1.0%	$2.8B+2.4%	$2.8B+238.2%	$818.3M-28.9%	$1.2B+103.6%	$565.2M+0.5%	$562.3M
Short-Term Investments	$4.6B+17.4%	$3.9B+56.0%	$2.5B-32.5%	$3.7B-20.2%	$4.6B+22.0%	$3.8B+14.9%	$3.3B-38.0%	$5.3B+23.7%	$4.3B+112.7%	$2.0B+59.9%	$1.3B+22.5%	$1.0B+72.8%	$600.5M+165.6%	$226.1M+10.4%	$204.7M
Accounts Receivable	$2.2B+27.7%	$1.7B+6.2%	$1.6B+102.1%	$795.0M+9.1%	$729.0M+15.5%	$631.0M-42.6%	$1.1B+33.5%	$824.0M+17.6%	$700.7M+5.2%	$666.1M+36.9%	$486.4M+65.2%	$294.4M+17.4%	$250.8M+58.8%	$157.9M+26.0%	$125.4M
Long-Term Investments	$8.8B+35.7%	$6.5B-7.0%	$7.0B-4.5%	$7.3B+3.1%	$7.1B-4.0%	$7.3B-0.2%	$7.4B+88.4%	$3.9B-0.6%	$3.9B+32.9%	$3.0B+38.1%	$2.1B+149.8%	$857.2M+81.6%	$472.0M+104.6%	$230.7M+11.2%	$207.4M
Goodwill	$8.9B+6.7%	$8.3B-0.2%	$8.4B-2.8%	$8.6B-7.6%	$9.3B+2.4%	$9.1B+8.6%	$8.4B-0.8%	$8.4B-2.4%	$8.6B+7.2%	$8.1B+14.4%	$7.1B+2212.5%	$305.0M+89.9%	$160.7M+21.7%	$132.0M+4.1%	$126.9M
Total Liabilities	$13.6B-0.2%	$13.6B+0.3%	$13.5B+18.7%	$11.4B-10.7%	$12.8B-2.7%	$13.1B-2.0%	$13.4B-5.1%	$14.1B+21.6%	$11.6B+17.1%	$9.9B+16.5%	$8.5B+152.6%	$3.4B+68.8%	$2.0B+144.7%	$816.2M+96.3%	$415.7M
Current Liabilities	$11.2B+10.2%	$10.1B-0.6%	$10.2B+14.9%	$8.9B-14.6%	$10.4B+16.2%	$8.9B-10.0%	$9.9B-0.7%	$10.0B+54.4%	$6.5B+48.5%	$4.4B-16.0%	$5.2B+153.6%	$2.0B+94.8%	$1.1B+67.6%	$627.6M+53.8%	$408.0M
Non-Current Liabilities	$2.4B-30.8%	$3.4B+2.9%	$3.3B+32.2%	$2.5B+6.1%	$2.4B-43.1%	$4.2B+20.7%	$3.5B-15.8%	$4.1B-19.8%	$5.1B-7.6%	$5.6B+67.6%	$3.3B+151.1%	$1.3B+39.8%	$944.9M+401.1%	$188.6M+2356.6%	$7.7M
Long-Term Debt	$1.6B-40.8%	$2.8B+2.5%	$2.7B+40.8%	$1.9B+9.8%	$1.7B-50.0%	$3.5B+24.1%	$2.8B-20.1%	$3.5B-21.8%	$4.5B-10.0%	$5.0B+76.1%	$2.8B+118.0%	$1.3B+39.1%	$934.5M+419.2%	$180.0M	N/A
Total Equity	$24.4B+25.7%	$19.4B+12.9%	$17.2B+5.7%	$16.3B-5.4%	$17.2B+11.9%	$15.4B+3.5%	$14.9B+17.8%	$12.6B-3.1%	$13.0B+26.3%	$10.3B+49.8%	$6.9B+347.8%	$1.5B+9.0%	$1.4B+35.3%	$1.0B-6.9%	$1.1B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$38.2B+15.1%	$33.2B+7.7%	$30.9B+11.1%	$27.8B-7.7%	$30.1B+4.9%	$28.7B-0.2%	$28.8B+6.4%	$27.0B+8.5%
Current Assets	$17.3B+12.7%	$15.4B+22.9%	$12.5B+40.3%	$8.9B-14.1%	$10.4B+16.7%	$8.9B-8.9%	$9.8B-15.5%	$11.5B+26.8%
Cash & Equivalents	$5.7B-14.1%	$6.6B+13.3%	$5.9B+137.6%	$2.5B-20.7%	$3.1B+12.2%	$2.8B-3.1%	$2.9B-8.6%	$3.1B+11.7%
Short-Term Investments	$4.6B+17.4%	$3.9B+56.0%	$2.5B-32.5%	$3.7B-20.2%	$4.6B+22.0%	$3.8B+14.9%	$3.3B-38.0%	$5.3B+23.7%
Accounts Receivable	$2.2B+27.7%	$1.7B+6.2%	$1.6B+102.1%	$795.0M+9.1%	$729.0M+15.5%	$631.0M-42.6%	$1.1B+33.5%	$824.0M+17.6%
Long-Term Investments	$8.8B+35.7%	$6.5B-7.0%	$7.0B-4.5%	$7.3B+3.1%	$7.1B-4.0%	$7.3B-0.2%	$7.4B+88.4%	$3.9B-0.6%
Goodwill	$8.9B+6.7%	$8.3B-0.2%	$8.4B-2.8%	$8.6B-7.6%	$9.3B+2.4%	$9.1B+8.6%	$8.4B-0.8%	$8.4B-2.4%
Total Liabilities	$13.6B-0.2%	$13.6B+0.3%	$13.5B+18.7%	$11.4B-10.7%	$12.8B-2.7%	$13.1B-2.0%	$13.4B-5.1%	$14.1B+21.6%
Current Liabilities	$11.2B+10.2%	$10.1B-0.6%	$10.2B+14.9%	$8.9B-14.6%	$10.4B+16.2%	$8.9B-10.0%	$9.9B-0.7%	$10.0B+54.4%
Non-Current Liabilities	$2.4B-30.8%	$3.4B+2.9%	$3.3B+32.2%	$2.5B+6.1%	$2.4B-43.1%	$4.2B+20.7%	$3.5B-15.8%	$4.1B-19.8%
Long-Term Debt	$1.6B-40.8%	$2.8B+2.5%	$2.7B+40.8%	$1.9B+9.8%	$1.7B-50.0%	$3.5B+24.1%	$2.8B-20.1%	$3.5B-21.8%
Total Equity	$24.4B+25.7%	$19.4B+12.9%	$17.2B+5.7%	$16.3B-5.4%	$17.2B+11.9%	$15.4B+3.5%	$14.9B+17.8%	$12.6B-3.1%

Not reported in any period shown, so not listed: Inventory, Retained Earnings.

TCOM Cash Flow Statement

TCOM quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.1B-23.5%	$2.7B-13.1%	$3.1B+715.3%	$380.0M-2.1%	$388.0M+166.0%	-$588.0M-155.7%	$1.1B+1.8%	$1.0B-4.6%	$1.1B+43.1%	$759.4M+61.4%	$470.7M+49.1%	$315.7M-22.1%	$405.2M+52.6%	$265.5M-9.7%	$294.1M
Depreciation & Amortization	$93.0M+3.3%	$90.0M+2.3%	$88.0M-4.3%	$92.0M-18.6%	$113.0M-6.6%	$121.0M+28.7%	$94.0M+19.0%	$79.0M+4.9%	$75.3M+13.3%	$66.5M+68.2%	$39.5M+41.1%	$28.0M+53.5%	$18.3M+28.5%	$14.2M+13.4%	$12.5M
Stock-Based Compensation	$325.0M+15.7%	$281.0M+8.9%	$258.0M+50.0%	$172.0M-34.8%	$264.0M-8.0%	$287.0M+16.2%	$247.0M-0.8%	$249.0M-11.7%	$281.9M-45.0%	$512.7M+416.8%	$99.2M+23.9%	$80.0M+10.6%	$72.3M+4.4%	$69.3M+27.2%	$54.5M
Capital Expenditures	$114.0M+40.7%	$81.0M-4.7%	$85.0M+18.1%	$72.0M-19.1%	$89.0M+9.9%	$81.0M-31.4%	$118.0M+20.4%	$98.0M+35.3%	$72.4M-26.4%	$98.3M-0.2%	$98.5M-87.2%	$771.8M+616.9%	$107.7M+23.5%	$87.2M+167.4%	$32.6M
Free Cash Flow	$1.9B-25.5%	$2.6B-13.3%	$3.0B+878.2%	$308.0M+3.0%	$299.0M+144.7%	-$669.0M-171.4%	$937.0M-0.1%	$938.0M-7.5%	$1.0B+53.4%	$661.1M+77.6%	$372.1M+181.6%	-$456.1M-253.3%	$297.5M+66.8%	$178.4M-31.8%	$261.5M
Investing Cash Flow	-$598.0M+27.8%	-$828.0M-199.2%	$835.0M+409.1%	$164.0M+125.2%	-$651.0M-11.5%	-$584.0M-68.3%	-$347.0M+83.1%	-$2.0B+12.5%	-$2.3B	N/A	N/A	N/A	N/A	N/A	-$54.0M
Financing Cash Flow	-$2.1B-127.8%	-$921.0M-155.8%	-$360.0M+63.1%	-$975.0M-258.5%	$615.0M-33.4%	$923.0M+169.4%	-$1.3B-176.7%	$1.7B+40.6%	$1.2B	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$204.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$629.0M+111.1%	$298.0M+30.7%	$228.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$134.7M+87.3%	$71.9M	N/A	$278.2M+1002.8%	$25.2M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TCOM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TCOM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	80.6%-0.7pp	81.3%-0.5pp	81.8%+4.2pp	77.5%+0.5pp	77.0%-0.9pp	78.0%-1.3pp	79.3%+0.1pp	79.2%-2.7pp	81.9%+8.7pp	73.3%+5.0pp	68.3%+0.8pp	67.5%-2.5pp	70.0%-0.8pp	70.8%-1.5pp	72.3%
Operating Margin	25.3%-1.3pp	26.6%+1.2pp	25.4%+24.9pp	0.5%+7.5pp	-7.0%+0.7pp	-7.8%-21.9pp	14.1%+5.7pp	8.4%-2.5pp	10.8%+18.8pp	-7.9%-11.2pp	3.3%+5.3pp	-1.9%-16.6pp	14.7%-0.2pp	14.8%-13.8pp	28.6%
Net Margin	53.4%+21.3pp	32.0%+9.7pp	22.3%+15.2pp	7.1%+9.8pp	-2.7%+15.0pp	-17.7%-37.4pp	19.6%+16.1pp	3.6%-4.4pp	7.9%+15.2pp	-7.2%-29.0pp	21.8%+18.7pp	3.1%-14.3pp	17.5%+1.3pp	16.2%-12.7pp	28.9%
Return on Equity	19.5%+7.5pp	12.0%+3.9pp	8.1%+6.8pp	1.3%+1.8pp	-0.5%+2.7pp	-3.2%-10.0pp	6.8%+5.5pp	1.3%-1.3pp	2.5%+4.5pp	-2.0%-7.6pp	5.6%+3.1pp	2.5%-9.2pp	11.7%+0.7pp	11.0%-4.3pp	15.3%
Return on Assets	12.4%+5.4pp	7.0%+2.5pp	4.5%+3.8pp	0.7%+1.0pp	-0.3%+1.4pp	-1.7%-5.2pp	3.5%+2.9pp	0.6%-0.7pp	1.3%+2.3pp	-1.0%-3.1pp	2.1%+1.3pp	0.8%-4.0pp	4.8%-1.3pp	6.1%-4.9pp	11.0%
Current Ratio	1.550.0x	1.51+0.3x	1.23+0.2x	1.000.0x	1.000.0x	0.990.0x	0.98-0.2x	1.15-0.3x	1.40-0.1x	1.52+0.3x	1.21-0.1x	1.34-0.9x	2.26+0.3x	1.95-0.5x	2.49
Debt-to-Equity	0.07-0.1x	0.140.0x	0.160.0x	0.120.0x	0.10-0.1x	0.230.0x	0.19-0.1x	0.28-0.1x	0.34-0.1x	0.48+0.1x	0.41-0.4x	0.85+0.2x	0.66+0.5x	0.17-0.2x	0.37
Asset Turnover	0.230.0x	0.220.0x	0.20+0.1x	0.100.0x	0.100.0x	0.10-0.1x	0.180.0x	0.170.0x	0.170.0x	0.140.0x	0.10-0.2x	0.250.0x	0.27-0.1x	0.380.0x	0.38
FCF Margin	21.8%-14.0pp	35.8%-12.3pp	48.1%+37.5pp	10.6%+1.1pp	9.5%+33.4pp	-23.8%-42.1pp	18.3%-2.4pp	20.7%-3.7pp	24.5%+1.3pp	23.2%+2.2pp	21.0%+57.4pp	-36.4%-67.9pp	31.5%+6.3pp	25.2%-19.0pp	44.2%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	1.550.0x	1.51+0.3x	1.23+0.2x	1.000.0x	1.000.0x	0.990.0x	0.98-0.2x	1.15-0.3x
Debt-to-Equity	0.07-0.1x	0.140.0x	0.160.0x	0.120.0x	0.10-0.1x	0.230.0x	0.19-0.1x	0.28-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Trip.com Group Limited TCOM	FY2025	$8.9B	$4.8B	53.4%	$24.4B	74/100
Carnival Corporation Ltd. CCL	FY2025	$26.6B	$2.8B	10.4%	$34.6B	42/100
Airbnb, Inc. ABNB	FY2025	$12.2B	$2.5B	20.5%	$95.8B	61/100
Expedia Group, Inc. EXPE	FY2025	$14.7B	$1.3B	8.8%	$31.8B	63/100
Viking Holdings VIK	FY2025	$6.5B	$1.1B	17.7%	$36.0B	28/100

Where Trip.com Group Limited Ranks

Frequently Asked Questions

What is Trip.com Group Limited's annual revenue?

Trip.com Group Limited (TCOM) reported $8.9B in total revenue for fiscal year 2025. This represents a 22.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trip.com Group Limited's revenue growing?

Trip.com Group Limited (TCOM) revenue grew by 22.2% year-over-year, from $7.3B to $8.9B in fiscal year 2025.

Is Trip.com Group Limited profitable?

Yes, Trip.com Group Limited (TCOM) reported a net income of $4.8B in fiscal year 2025, with a net profit margin of 53.4%.

What is Trip.com Group Limited's EBITDA?

Trip.com Group Limited (TCOM) had EBITDA of $2.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Trip.com Group Limited have?

As of fiscal year 2025, Trip.com Group Limited (TCOM) had $5.7B in cash and equivalents against $1.6B in long-term debt.

What is Trip.com Group Limited's gross margin?

Trip.com Group Limited (TCOM) had a gross margin of 80.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Trip.com Group Limited's operating margin?

Trip.com Group Limited (TCOM) had an operating margin of 25.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Trip.com Group Limited's net profit margin?

Trip.com Group Limited (TCOM) had a net profit margin of 53.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Trip.com Group Limited's return on equity (ROE)?

Trip.com Group Limited (TCOM) has a return on equity of 19.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trip.com Group Limited's free cash flow?

Trip.com Group Limited (TCOM) generated $1.9B in free cash flow during fiscal year 2025. This represents a -25.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trip.com Group Limited's operating cash flow?

Trip.com Group Limited (TCOM) generated $2.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trip.com Group Limited's total assets?

Trip.com Group Limited (TCOM) had $38.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trip.com Group Limited's capital expenditures?

Trip.com Group Limited (TCOM) invested $114.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Trip.com Group Limited spend on research and development?

Trip.com Group Limited (TCOM) invested $2.2B in research and development during fiscal year 2025.

Does Trip.com Group Limited buy back shares?

Yes, Trip.com Group Limited (TCOM) spent $629.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Trip.com Group Limited have outstanding?

Trip.com Group Limited (TCOM) had 650M shares outstanding as of fiscal year 2025.

What is Trip.com Group Limited's current ratio?

Trip.com Group Limited (TCOM) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.

What is Trip.com Group Limited's debt-to-equity ratio?

Trip.com Group Limited (TCOM) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trip.com Group Limited's return on assets (ROA)?

Trip.com Group Limited (TCOM) had a return on assets of 12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trip.com Group Limited's P/E ratio?

Trip.com Group Limited (TCOM) trades at 5.1x earnings, its market capitalization divided by net income of $4.8B net income, FY2025. The market capitalization is $24.4B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trip.com Group Limited's price-to-sales ratio?

Trip.com Group Limited (TCOM) trades at 2.7x sales, its market capitalization divided by revenue of $8.9B revenue, FY2025. The market capitalization is $24.4B as of Oct 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Trip.com Group Limited's Piotroski F-Score?

Trip.com Group Limited (TCOM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trip.com Group Limited's earnings high quality?

Trip.com Group Limited (TCOM) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Trip.com Group Limited cover its interest payments?

Trip.com Group Limited (TCOM) has an interest coverage ratio of 18.65x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Trip.com Group Limited?

Trip.com Group Limited (TCOM) scores 74 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.