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Profile & Fundamentals

Trip.com Group Profile & Fundamentals

Name: Trip.com Group financial chart data preview
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Company and Market Context

Company Profile & Ownership

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally. It acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services. The company also provides travelers bundled packaged-tour products, such as group, semi-group, and customized and packaged tours with various transportation arrangements, including air, cruise, bus, and car rental services. In addition, it offers integrated transportation and accommodation services; ticket, activity, insurance, visa, and tour guide services; and user support, supplier management, and customer relationship management services; and in-destination products and services. Further, the company provides Trip.Biz, a digital first, full-service, corporate travel management business which provides technology-enabled solutions for organizations managing business travel. Additionally, it offers online advertising and financial services, such as marketing planning and travel media services; Omni-Channel Touchpoints for Users; and Open Platform for Ecosystem Partners. It operates under the Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner brand names. The company was formerly known as Ctrip.com International, Ltd. and changed its name to Trip.com Group Limited in October 2019. Trip.com Group Limited was founded in 1999 and is based in Singapore.

Company profile record

Trip.com Group Ltd

Common Stock · Consumer Discretionary · Hotels, Resorts & Cruise Lines

Official website

Company

Company / asset: Trip.com Group Ltd
Security type: Common Stock
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines
HQ: 🇨🇳 China
Head office: 30 Raffles Place, Singapore, Singapore, 048622

Leadership & scale

Chief executive: Ms. Jie Sun CPA
CEO year born: 1969
Full-time employees: 43.6K
Fiscal year end: December

Fundamentals snapshot

Updated 2026-09-05

Market Cap: HKD 195.5B
P/E: 7.3x
Revenue (Q2 26): CNY 15.7B
Profit (Q2 26): CNY -2.5B
Dividend Yield: --
Revenue (FY 25): CNY 62.4B
Shares in public float: 585.7M
Insider ownership: 7.89%

Reporting & identifiers

Symbol: 9961.HKEX
Listing: 🇭🇰 Hong Kong | Dividend Tax: 0%
Ticker Currency: HKD
Income Statement Currency: CNY
Balance Sheet Currency: CNY
Cash Flow Currency: CNY
EPS Currency: CNY
Contract Type: SPOT
ISIN: KYG9066F1019
Asset ID: equity_631bdd95-9cf2-596c-bf95-9a7afe7cdb2d

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Trip.com's headline financial figures tell a story that looks confusing on the surface but is straightforward upon closer inspection. In fiscal 2025, reported net profit spiked dramatically to CNY 33.3 billion, but over half of that came from selling a large equity stake in an Indian travel company rather than regular booking operations. Then, in the second quarter of 2026, the company posted a headline loss of CNY 2.46 billion due entirely to a one-time government antitrust fine of CNY 5.18 billion. Beneath these temporary accounting distortions, core travel operations remain solidly profitable. Core quarterly non-GAAP net income reached approximately CNY 4.8 billion, driven by international bookings surging over fifty percent. While domestic travel spending has become more cautious, recurring cash earnings remain healthy and are poised to rebound as one-off regulatory penalties fade.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Trip.com's profit margins reflect powerful marketplace economics. Gross profit margins have remained remarkably steady above 80%, demonstrating that hotels and airlines still rely heavily on the platform to reach travelers. However, the that reach shareholders have recently faced pressure from two distinct forces. First, new regulatory rules ended exclusive hotel arrangements, forcing Trip.com to spend more on partner incentives and advertising. Second, expanding rapidly into international markets requires higher initial marketing costs to win new customers against overseas rivals. As customer service automation takes over and overseas users become repeat bookers, normalized operating margins should stabilize between 25% and 27%, supporting durable long-term profitability.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-06.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	2,481,089,008.26	659,523,529.5	-184,606,863.87	75.4	-8.16	-7.44	26.58
2017-12-31	4,113,614,595.7	1,009,934,803.38	329,034,030.26	82.53	10.93	8	24.55
2018-12-31	4,500,726,744.19	931,250,000	161,627,906.98	79.58	8.41	3.59	20.69
2019-12-31	5,124,425,287.36	933,764,367.82	1,007,327,586.21	79.33	26.11	19.66	18.22
2020-12-31	2,804,900,459.42	-666,921,898.93	-497,243,491.58	77.99	-7.77	-17.73	-23.78
2021-12-31	3,148,270,440.25	299,371,069.18	-86,477,987.42	77.04	-7.05	-2.75	9.51
2022-12-31	2,904,202,898.55	310,579,710.14	203,333,333.33	77.48	0.44	7	10.69
2023-12-31	6,269,014,084.51	3,013,802,816.9	1,396,901,408.45	81.75	25.44	22.28	48.07
2024-12-31	7,300,547,945.21	2,607,397,260.27	2,337,945,205.48	81.25	26.6	32.02	35.72
2025-12-31	8,928,326,180.26	1,943,061,516.45	4,763,090,128.76	80.58	25.27	53.35	21.76

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	10.68	Trailing four quarters
2024-12-31	20.36	Trailing four quarters
2023-12-31	17.05	Trailing four quarters
2022-12-31	113.48	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	590,762,600
2018-01-01	550,064,400
2019-01-01	643,408,100
2020-01-01	599,627,100
2021-01-01	646,213,500
2022-01-01	658,660,800
2023-01-01	668,332,400
2024-01-01	698,171,000
2025-01-01	700,452,300
2026-01-01	632,330,300

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