Trip.com Group Limited

TCOMNASDAQConsumer Cyclical● Active

$47.34

$-0.36(-0.74%)

Market Cap$29.8B

P/E Ratio—

52W High$78.99

52W Low$45.92

Avg Volume2.8M

Open$47.59

Beta-0.06

Overview

Trip.com Group Limited (TCOM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TCOM · free cash flow · updated Jun 8, 2026

Core FCF metrics

TCOM · FCF · TTM · margin & CAGR

Free cash flow was $13.58B for FY2025 (fiscal year ending 2025-12-31), down 28.6% year-over-year The FCF margin was 22.4%.

FY2025 Free Cash Flow$13.58B▼ -28.6% YoY

Trailing 12M (TTM)$13.58Btrailing 4 quarters sum

FCF Margin22.4%$13.58B ÷ revenue

3-Year CAGR+85.1%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TCOM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$14.38B(797M)$13.58B▼ 28.6%22.4%

FY2024$19.63B(591M)$19.03B▼ 11.0%35.7%

FY2023$22.00B(606M)$21.40B▲ +898.5%48.1%

FY2022$2.64B(498M)$2.14B▲ +12.6%10.7%

FY2021$2.48B(571M)$1.90B▲ +143.7%9.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TCOM · P/FCF · FCF yield · FCF per share

Trip.com Group Limited (TCOM) trades at a FCF yield of 6.70% and a price-to-free-cash-flow ratio of 2.3x. FCF per share stands at $20.65, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.70%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$20.65

TTM FCF ÷ Shares Outstanding

Price / FCF

x2.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TCOM · cash flow statement · operating / investing / financing

For FY2025, Trip.com Group Limited generated $14.38B in operating cash flow and spent 797M in capital expenditures, yielding $13.58B in free cash flow.

Operating Activities

+$14.38B

Cash from core business operations

2025-12-31

Investing Activities

−$4.18B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$14.66B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($14.38B) − |CapEx| (797M) = FCF ($13.58B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

TCOM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Trip.com Group LimitedYOU

TCOM

$13.58B-28.6%22.4%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Trip.com Group Limited (TCOM) reported free cash flow of $13.58B for FY2025 (fiscal year ending 2025-12-31), down 28.6% year-over-year. The FCF margin was 22.4%.

Based on available data, Trip.com Group Limited has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $21.40B in FY2023.

Trip.com Group Limited's FCF yield is 6.70% and price-to-FCF ratio is 2.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TCOM free cash flow · 8 questions

Trip.com Group Limited free cash flow was $13.58B for FY2025, down 28.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $13.58B.

TCOM free cash flowTCOM FCFTCOM FCF 2025TCOM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Trip.com Group Limited · Trip.com Group Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026