TCOM (Trip.com Group) Research & Development: $2,119 Mil (TTM As of Dec. 2025)


TCOM Trip.com Group Ltd TCOM
79 GF Score
Price $46.30
GF Value $79.05
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Trip.com Group Research & Development?

Trip.com Group TCOM +1.79% 79 Research & Development is $2,119 Mil as of Dec. 2025. GuruFocus rates TCOM with a GF Score™ of 79/100 and a GF Value™ of $79.05 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Trip.com Group's Research & Development for the three months ended in Dec. 2025 was $572 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was $2,119 Mil.

Trip.com Group  (NAS:TCOM) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Trip.com Group Research & Development Related Terms

Trip.com Group Research & Development Historical Data

* Premium members only.

The historical data trend for Trip.com Group's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Trip.com Group Research & Development Chart

Trip.com Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,411.77 1,196.41 1,697.43 1,804.63 2,149.02

Trip.com Group Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 466.58 486.25 487.44 573.17 571.90
TCOM
79GF Score
Trip.com Group Ltd TCOM
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Trip.com Group Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,119 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $2,119 Mil mean?
Trip.com Group (TCOM) has a Research & Development of $2,119 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Trip.com Group and its competitors.
Is Trip.com Group's Research & Development too high?
Trip.com Group's current Research & Development is $2,119 Mil. Overall, Trip.com Group has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trip.com Group's Research & Development compare to EXPE and CCL?
Trip.com Group's Research & Development of $2,119 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Travel & Leisure company?
A good Research & Development depends on the Travel & Leisure industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Trip.com Group and its competitors. Trip.com Group's current Research & Development is $2,119 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trip.com Group stock overvalued right now?
Based on GuruFocus' analysis, Trip.com Group (TCOM) is currently considered Significantly Undervalued. The stock's GF Value™ is $79.05, compared to a current price of $46.30 — trading 41.4% below its estimated fair value. The current Research & Development is $2,119 Mil. Trip.com Group's overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Trip.com Group (TCOM), the current Research & Development is $2,119 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Trip.com Group (TCOM) Overvalued in 2026?

Based on GuruFocus' analysis, Trip.com Group stock appears to be undervalued. The current stock price of $46.30 is trading 41.4% below its estimated GF Value™ of $79.05. GuruFocus considers Trip.com Group to be Significantly Undervalued.

Key valuation signals for TCOM:

  • Research & Development: $2,119 Mil
  • GF Value™: $79.05 vs. price of $46.30 (41.4% below fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TCOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Trip.com Group Business Description

Address 30 Raffles Place, No. 29-01, Shanghai, SGP, 048622
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
79GF Score

Get the complete analysis for TCOM

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.30
Price
$79.05
GF Value