15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 26.0% per year over the past 5 years.
Operating margin has expanded, at 25.3% in the latest year.
Financial health
The company holds more cash ($5.7B) than total debt ($1.6B).
Total debt has grown slower than revenue (-14.0% vs 26.0% per year).
Operating income covered interest expense 19× in the latest year, up from -0.8× 5 years ago.
Total debt is 0.7× EBITDA.
Shareholder returns
Dividends have been paid for 1 consecutive year, consuming 4.3% of earnings and 10.5% of free cash flow.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$8.9B
$4.8B
80.6%
25.3%
$1.9B
$1.6B
$5.7B
2024
$7.3B
$2.3B
81.3%
26.6%
$2.6B
$8.7B
$6.6B
2023
$6.3B
$1.4B
81.8%
25.4%
$3.0B
$19.1B
$5.9B
2022
$2.9B
$206M
77.5%
0.5%
$308M
$13.1B
$2.5B
2021
$3.1B
-$86M
77.1%
-7.0%
$299M
$7M
$3.1B
2020
$2.8B
-$497M
78.0%
-7.8%
-$669M
$3.5B
$2.8B
2019
$5.1B
$1.0B
79.3%
14.1%
$937M
$2.8B
$2.9B
2018
—
$162M
—
—
$938M
$3.5B
$3.1B
2017
—
$329M
—
—
$1.0B
$4.5B
$2.8B
2016
—
-$206M
—
—
—
$5.0B
$2.8B
2015
—
$387M
—
—
—
$2.8B
$2.8B
2014
—
$39M
—
—
—
$1.9B
$818M
2013
—
$165M
—
—
—
$1.1B
$1.2B
2012
—
$115M
—
—
—
$253M
$565M
2011
—
$171M
—
—
—
—
$562M
Valuation over time
How the market has priced TCOM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 127.7× (Mar '23) to 5.9× (Jun '26).
The price-to-sales ratio has fallen from 9.1× (Mar '23) to 3.2× (Jun '26).
The dividend yield has risen from 0.4% (Dec '25) to 0.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is TCOM growing its revenue and profit?
Over the past 5 years, Trip.Com Group Ltd's revenue has grown 26.0% per year. These are computed facts, not advice.
How much debt does TCOM have?
As of FY2025, Trip.Com Group Ltd reported $1.6B of total debt against $5.7B of cash; operating income covered interest expense 19×.
What is TCOM's profit margin?
In FY2025, gross margin was 80.6%, operating margin 25.3%, and net margin 53.4%.
What is TCOM's P/E ratio?
As of Jun '26, Trip.Com Group Ltd traded at a price-to-earnings ratio of about 5.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.