Trip.com Group Limited logo

Trip.com Group Limited

TCOM

NASDAQConsumer CyclicalTravel Services

Previous close

$46.11

−$0.32 · -0.69%

Aug 21, 4:00 PM ET

TCOM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

97

Deep Value

Momentum

24

Weakening

Sentiment

47

Mixed

Risk resilience

51

Elevated Risk

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Company profile

Company website

Trip.com Group Limited stands as a leading global travel service provider, operating extensively both within China and across international markets. Through its various subsidiaries, the company offers a comprehensive spectrum of travel-related solutions. As a booking intermediary, it facilitates hotel accommodations and air ticket purchases, complementing these with access to train, long-distance bus, and ferry tickets. The firm enhances the travel experience with various value-added services, including a range of travel insurance products (covering aspects like flight delays, accidents, and baggage loss), along with conveniences such as ticket delivery, online check-in, seat selection, expedited security, real-time flight tracking, and airport VIP lounge access. Catering to leisure travelers, Trip.com Group curates diverse packaged tour products, from organized group excursions and semi-private trips to fully customized itineraries. These packages incorporate various transportation options, including air and cruise travel, as well as bus and car rental services. Furthermore, its in-destination offerings are extensive, providing local transportation, activity and attraction tickets, additional insurance, visa assistance, and professional tour guides. The company also provides integrated travel packages that combine transportation and lodging seamlessly. For its corporate clientele, Trip.com Group delivers tailored solutions encompassing business visits, incentive travel programs, and comprehensive meeting and conference planning. These services are supported by advanced travel data collection and analysis, alongside industry benchmarking. A cornerstone of its corporate offering is the Corporate Travel Management System, an online platform that integrates information management, booking and authorization workflows, inquiry functionalities, and detailed travel reporting. Beyond its core travel services, the company has diversified into online advertising and financial services, offering marketing planning and travel media solutions. Trip.com Group operates under a portfolio of widely recognized brands, including Ctrip, Qunar, Trip.com, and Skyscanner. The company was founded in 1999 and was previously known as Ctrip.com International, Ltd. before officially changing its name to Trip.com Group Limited in October 2019. Its global headquarters are situated in Singapore.

Industry
Travel Services
Sector
Consumer Cyclical
Headquarters
SG
CEO
Jie Sun
Listed since
Dec 9, 2003
Employees
43,574

Market position

Day range

Current $46.11

52-week range

Current $46.11

Open
$46.53
Previous close
$46.43
Volume
1.51M
0.49× average
Average volume
3.11M
Average daily volume
Market cap
29.95B USD
Beta
-0.04
Market reference 1
50-day average
$44.3704
+3.92% above average
200-day average
$55.6311
-17.11% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
315.63B CNY
P/E (TTM)
6.43×
P/B (TTM)
1.22×
P/S (TTM)
3.01×
EV / EBITDA
7.93×
Earnings yield
9.79%
Free cash flow yield
4.11%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
80.33%
Operating margin
24.94%
Net margin
48.72%
Return on equity
18.93%
Return on assets
12.10%
Return on invested capital
6.26%

Financial health

Debt / equity
0.19×
Current ratio
1.55×
Altman Z-score
2.18
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%55%20%-16%Gross margin, FY2021: 77.04%Gross margin, FY2022: 77.48%Gross margin, FY2023: 81.75%Gross margin, FY2024: 81.25%Gross margin, FY2025: 80.58%Operating margin, FY2021: -7.05%Operating margin, FY2022: 0.44%Operating margin, FY2023: 25.44%Operating margin, FY2024: 26.60%Operating margin, FY2025: 25.27%Net margin, FY2021: -2.75%Net margin, FY2022: 7.00%Net margin, FY2023: 22.28%Net margin, FY2024: 32.02%Net margin, FY2025: 53.35%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.04%. Gross margin FY2022 77.48%. Gross margin FY2023 81.75%. Gross margin FY2024 81.25%. Gross margin FY2025 80.58%. Operating margin FY2021 -7.05%. Operating margin FY2022 0.44%. Operating margin FY2023 25.44%. Operating margin FY2024 26.60%. Operating margin FY2025 25.27%. Net margin FY2021 -2.75%. Net margin FY2022 7.00%. Net margin FY2023 22.28%. Net margin FY2024 32.02%. Net margin FY2025 53.35%.

Income trends

Revenue

60.71B CNY+13.91%

Operating income

15.34B CNY+8.23%

Net income

32.39B CNY+89.76%
Income trends across reported periods66.92B CNY42.07B CNY17.22B CNY−7.62B CNYRevenue, FY2021: 20.02B CNYRevenue, FY2022: 20.04B CNYRevenue, FY2023: 44.51B CNYRevenue, FY2024: 53.29B CNYRevenue, FY2025: 60.71B CNYOperating income, FY2021: −1.41B CNYOperating income, FY2022: 88M CNYOperating income, FY2023: 11.32B CNYOperating income, FY2024: 14.18B CNYOperating income, FY2025: 15.34B CNYNet income, FY2021: −550M CNYNet income, FY2022: 1.4B CNYNet income, FY2023: 9.92B CNYNet income, FY2024: 17.07B CNYNet income, FY2025: 32.39B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 20.02B CNY. Revenue FY2022 20.04B CNY. Revenue FY2023 44.51B CNY. Revenue FY2024 53.29B CNY. Revenue FY2025 60.71B CNY. Operating income FY2021 −1.41B CNY. Operating income FY2022 88M CNY. Operating income FY2023 11.32B CNY. Operating income FY2024 14.18B CNY. Operating income FY2025 15.34B CNY. Net income FY2021 −550M CNY. Net income FY2022 1.4B CNY. Net income FY2023 9.92B CNY. Net income FY2024 17.07B CNY. Net income FY2025 32.39B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue60.71B CNY53.29B CNY44.51B CNY20.04B CNY20.02B CNY
Cost of goods sold11.79B CNY9.99B CNY8.12B CNY4.51B CNY4.6B CNY
Gross profit48.92B CNY43.3B CNY36.39B CNY15.53B CNY15.43B CNY
Research and development14.72B CNY13.14B CNY12.12B CNY8.34B CNY8.99B CNY
Selling, general, and administrative18.85B CNY15.99B CNY12.95B CNY7.1B CNY7.84B CNY
Operating expenses33.57B CNY29.13B CNY25.07B CNY15.44B CNY16.84B CNY
Interest income2.53B CNY2.34B CNY2.09B CNY2.05B CNY2.13B CNY
Interest expense825.87M CNY1.74B CNY2.07B CNY1.51B CNY1.57B CNY
Depreciation and amortization821.98M CNY848M CNY814M CNY872M CNY1.02B CNY
Operating income15.34B CNY14.18B CNY11.32B CNY88M CNY−1.41B CNY
Net income32.39B CNY17.07B CNY9.92B CNY1.4B CNY−550M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
70%
7 beats, 3 misses, 0 met estimates
Average EPS surprise
+41.76%
10 comparable reports
Latest EPS result
0.83
Estimate 0.85 · Miss by 2.35%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.643.31.950.6Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 4.35, estimate 3.77, surprise +15.38%, Beat. Q2 2025, reported May 19, 2025: actual 0.82, estimate 0.86, surprise -4.65%, Miss. Q3 2025, reported Aug 27, 2025: actual 1.01, estimate 0.98, surprise +3.06%, Beat. Q4 2025, reported Nov 17, 2025: actual 3.87, estimate 1.15, surprise +236.52%, Beat. Q1 2026, reported Feb 25, 2026: actual 0.71, estimate 0.72, surprise -1.39%, Miss. Q2 2026, reported Jun 24, 2026: actual 0.83, estimate 0.85, surprise -2.35%, Miss. Q3 2026, reported Aug 26, 2026: actual —, estimate 0.875, surprise —, Comparison unavailable. Q3 2026, reported Sep 17, 2026: actual —, estimate 0.873, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates13.52B9.55B5.58B1.61BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 12.66B USD, estimate 12.32B USD, surprise +2.76%, Beat. Q2 2025, reported May 19, 2025: actual 1.9B USD, estimate 1.9B USD, surprise -0.27%, Miss. Q3 2025, reported Aug 27, 2025: actual 2.07B USD, estimate 2.04B USD, surprise +1.29%, Beat. Q4 2025, reported Nov 17, 2025: actual 2.58B USD, estimate 2.09B USD, surprise +23.19%, Beat. Q1 2026, reported Feb 25, 2026: actual 2.2B USD, estimate 2.13B USD, surprise +3.59%, Beat. Q2 2026, reported Jun 24, 2026: actual 2.35B USD, estimate 2.3B USD, surprise +2.12%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 2.29B USD, surprise —, Comparison unavailable. Q3 2026, reported Sep 17, 2026: actual —, estimate 2.29B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$60.58

31.38% upside
Past 12 months12-month forecastHigh $75.00Average $60.58Low $44.30

Rating distribution

43 ratings
Strong buy00%
Buy2967%
Hold1228%
Sell25%
Strong sell00%

Recent analyst actions

12 institutions
China RenaissancedowngradeBuyHold

TCOM news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.30

2025 complete year+1500.0% since 2005

Corporate action history

Dividend

Ex-dividend Mar 17, 2025

$0.30

Irregular

Record Mar 17, 2025 · Payment Apr 4, 2025

Dividend

Ex-dividend Jun 10, 2008

$0.122

Annual

Record Jun 12, 2008 · Payment Jul 7, 2008

Dividend

Ex-dividend Jun 27, 2007

$0.277

Annual

Record Jun 29, 2007 · Payment Jul 5, 2007

Dividend

Ex-dividend Jun 28, 2006

$0.255

Annual

Record Jun 30, 2006 · Payment Jul 14, 2006

Dividend

Ex-dividend Jun 28, 2005

$0.305

Annual

Record Jun 30, 2005 · Payment Jul 8, 2005

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