Trip.com Group (ADR)
Connects travelers with hotels, flights and travel services through four booking and search brands.
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Profile
Runs Ctrip and Qunar for mainland China, global booking platform Trip.com, and travel metasearch service Skyscanner. Revenue comes from booking commissions, transaction fees and travel services; China operations depend on regulated licenses and variable-interest-entity arrangements.
Runs four principal consumer brands: Ctrip and Qunar serve mainland China, Trip.com addresses global travelers, and Skyscanner provides global travel metasearch. The portfolio connects users with accommodation providers, airlines and other travel suppliers.
Earns commissions and transaction fees from accommodation reservations and transportation tickets, alongside packaged tours, corporate travel, ancillary services and advertising. Mobile booking, supplier connectivity and localized expansion across Asia-Pacific and other markets shape execution.
Operates much of its China business through subsidiaries and contractual arrangements with variable-interest entities. Travel-agency, telecommunications, insurance-agency and internet-service licensing remain operating dependencies, while a PRC antitrust investigation opened in 2026 remains unresolved. Demand and suppliers' ability to fulfill or refund bookings also depend on epidemics and other disruptions.
Company facts
Categories
Key statistics
Year to date −39.1% · Average volume (30d) 2.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Jefferies | Reiterate | Buy | $75 | $63 | |
| Jul 2, 2026 | China Renaissance | Downgrade | Buy | Hold | ||
| Jun 26, 2026 | Barclays | Reiterate | Overweight | $75 | $60 | |
| Jun 26, 2026 | Macquarie | Downgrade | Outperform | Neutral | ||
| Jun 25, 2026 | Macquarie | Downgrade | Outperform | Neutral | $80.80 | $44.30 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 24, 2026Q1 FY26 | $0.85 | $0.83 | −2.4% | $2.30B | $2.35B | +2.1% | −12.55% |
| Jun 8, 2026Q1 FY26 | $0.85 | $0.87 | +1.8% | $2.30B | $2.30B | +0.3% | −0.36% |
| Jun 1, 2026Q1 FY26 | $0.85 | $0.87 | +1.8% | $2.30B | $2.30B | 0.0% | +0.37% |
| Feb 25, 2026Q4 FY25 | $0.72 | $0.71 | −1.4% | $2.13B | $2.20B | +3.6% | −2.59% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.06B | $2.21B | $2.73B | $2.26B | $2.40B | |
| Gross profit | $1.50B | $1.66B | $1.79B | $2.23B | $1.78B | $1.90B | |
| Operating income | $342.4M | $530.1M | $610.3M | $829.4M | $371.8M | $583.4M | |
| Net income | $320.9M | $636.4M | $721.0M | $2.96B | $628.2M | $369.6M | |
| Diluted EPS | $0.46 | $0.91 | $1.04 | $4.26 | $0.89 | $0.54 | |
| Gross margin | 79.3% | 80.4% | 81.0% | 81.7% | 79.0% | 79.5% | |
| Operating margin | 18.1% | 25.8% | 27.6% | 30.4% | 16.5% | 24.3% |
Fiscal years (4-quarter sums)FY21 $2.98B · FY22 $2.98B · FY23 $6.62B · FY24 $7.93B · FY25 $9.25B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $12.01B · Total debt $4.65B · Total assets $39.02B · Shareholders' equity $24.48B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 17, 2025 | Mar 17 | Apr 4 | $0.30 |
Ownership
Shares outstanding 649.58M · Float 585.67M · 90.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital World Investors | 36.25M | 5.58% | 13F | Aug 12, 2026 |
| Morgan Stanley | 12.88M | 1.98% | 13F | Aug 13, 2026 |
| Sanders Capital, LLC | 10.56M | 1.63% | 13F | Aug 10, 2026 |
| Davis Selected Advisers | 8.76M | 1.35% | 13F | Aug 11, 2026 |
| Arga Investment Management, LP | 6.53M | 1.00% | 13F | Jul 31, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Booking
Broad global OTA overlap across stays, flights, and metasearch
- Expedia Group
Global overlap in lodging, flights, packages, and metasearch
- Airbnb
Alternative-stay and in-destination experience overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trip.com Group (ADR) | $45.28 | −0.20% | $29.46B | 6.7 | 11.3 | 2.9 | +23.7% |
| Booking | $205.82 | +0.10% | $159.34B | 22.8 | 18.5 | 5.6 | +8.2% |
| Expedia Group | $328.50 | −0.28% | $37.72B | 20.5 | 14.7 | 2.4 | +14.0% |
| Airbnb | $189.63 | +0.10% | $112.43B | 43.2 | 33.6 | 8.5 | +16.5% |
| Median | 22.8 | 18.5 | 5.6 | +14.0% |