Jun 2026 (Q2 FY26) — Sep 16, 2026
Trip.com Group Q2 FY26 — Strong International Growth Amidst Regulatory Changes and Macro Headwinds
Read the full callTrip.com Group (TCOM) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Trip.com Group earnings: last reported Wed, 16 Sep 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 8 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| International OTA business profitability trajectory, particularly APAC | improve the profitability trajectory of the international OTA business, particularly in APAC | Dec 2025 | Year-to-date, Trip.com has significantly improved its margin profile. | Achieved |
| Inbound travellers served — 200 million over five years | serve 200 million inbound travelers over the next 5 years | Mar 2026 | We have set an ambitious goal to serve 200 million inbound travelers over the next 5 years. | New |
8 of Trip.com Group Ltd's 16 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 14 more targets are in the full ledger.
Claimed
- Group net revenue increased by 6% year-over-year to RMB 15.7 billion.
- International OTA platform revenue increased over 50% year-over-year.
- Inbound travel revenue increased high double digit year-over-year.
- AI-assisted orders through TripGenie increased by approximately 400% year-over-year.
- Customized tour bookings increased 600% in H1 2026.
Qualified
- Transportation ticketing revenue decreased by 1% year-over-year due to softer demand, elevated fuel prices, geopolitical tensions, and operational adjustments.
- Accommodation reservation revenue growth was partially offset by a RMB 122 million contra-revenue item related to the SAMR administrative penalty.
- Adjusted EBITDA decreased to RMB 4.6 billion from RMB 4.9 billion in the prior year period.
- Elevated fuel prices and airfares increased travel costs and weighed on longer-haul and outbound demand.
Price
$39.59 −1.05% · −$0.42
Performance −43.6% 1Y
1Y: $70.14 on 17 Oct 2025 → $39.59. High $78.96 (12 Jan 2026), low $37.96 (8 Oct 2026).
- Previous close
- $40.01
- 52-week range
- $37.96 – $78.96
- One year
- −44.54%
Overview
- Symbol
- TCOM
- Sector
- Industrials
- Industry
- Services-Business Services, NEC
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 8 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| International OTA business profitability trajectory, particularly APAC | improve the profitability trajectory of the international OTA business, particularly in APAC | Dec 2025 | Year-to-date, Trip.com has significantly improved its margin profile. | Achieved |
| Inbound travellers served — 200 million over five years | serve 200 million inbound travelers over the next 5 years | Mar 2026 | We have set an ambitious goal to serve 200 million inbound travelers over the next 5 years. | New |
Claimed
- Group net revenue increased by 6% year-over-year to RMB 15.7 billion.
- International OTA platform revenue increased over 50% year-over-year.
- Inbound travel revenue increased high double digit year-over-year.
- AI-assisted orders through TripGenie increased by approximately 400% year-over-year.
- Customized tour bookings increased 600% in H1 2026.
Qualified
- Transportation ticketing revenue decreased by 1% year-over-year due to softer demand, elevated fuel prices, geopolitical tensions, and operational adjustments.
- Accommodation reservation revenue growth was partially offset by a RMB 122 million contra-revenue item related to the SAMR administrative penalty.
- Adjusted EBITDA decreased to RMB 4.6 billion from RMB 4.9 billion in the prior year period.
- Elevated fuel prices and airfares increased travel costs and weighed on longer-haul and outbound demand.
The full ledger
Open Trip.com Group Ltd’s full ledger
A free account opens 5 company ledgers a month. All 16 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Jun 25, 2026
Trip.com Group Q1 FY26 — Strong Inbound Travel and AI Integration
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Trip.com Group Q4 FY25 — Strong Inbound Travel Growth and AI Investment
Read the full callEvery analysed call
Trip.com Group earnings calls (TCOM)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total liabilities | 14,123 | 13,405 | 13,132 | 12,774 | 11,407 | 13,540 | 13,576 | 13,554 |
| Fixed assets | 854 | 881 | 886 | 868 | 755 | 724 | 692 | 779 |
| Investments | 5,346 | 3,312 | 3,804 | 4,640 | 3,703 | 2,500 | 3,900 | 4,577 |
| Total assets | 27,028 | 28,752 | 28,698 | 30,107 | 27,793 | 30,865 | 33,233 | 38,236 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,036 | 1,055 | -588 | 388 | 380 | 3,098 | 2,692 | 2,059 |
| Cash from investing | -2,048 | -347 | -584 | -651 | 164 | 835 | -828 | -598 |
| Cash from financing | 1,733 | -1,330 | 923 | 615 | -975 | -360 | -921 | -2,098 |
| Net cash flow | 840 | -578 | -358 | 279 | -392 | 3,591 | 974 | -664 |
| Capital expenditure | -98 | -118 | -81 | -89 | -72 | -85 | -81 | -114 |
| Free cash flow | 938 | 937 | -669 | 299 | 308 | 3,013 | 2,611 | 1,945 |
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of TCOM filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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