Trip.com Group Limited American Depositary Receipt (TCOM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$6.15	$5.73	-6.8%	—	$16.2B	—
Q4 25	$4.67	$4.97	+6.4%	—	$15.4B	—
Q3 25	$7.98	$27.6	+245.4%	—	$18.3B	—
Q2 25	$6.13	$7.2	+17.5%	—	$14.8B	—
Q1 25	$5.56	$5.96	+7.2%	—	$13.8B	—
Q4 24	$3.9	$4.35	+11.5%	—	$12.7B	—
Q3 24	$6.97	$8.75	+25.5%	—	$2.2B	—
Q2 24	$5.24	$7.25	+38.4%	—	$1.8B	—
Q1 24	$4.14	$6	+44.9%	—	$11.9B	—
Q4 23	$2.31	$4	+73.2%	—	$10.3B	—
Q3 23	$4.85	$7.26	+49.7%	—	$13.7B	—
Q2 23	$3.61	$5.11	+41.6%	—	$11.2B	—
Q1 23	$0.25	$0.45	+80.0%	—	$9.2B	—
Q4 22	-$0.18	$0.76	+522.2%	—	$5B	—
Q3 22	$1.2	$1.58	+31.7%	—	$6.9B	—
Q2 22	$0.16	-$0.31	-293.7%	—	$4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$50.6	—	—	$62.4B	—
FY24	—	$26.1	—	—	$53.3B	—
FY23	—	$15.2	—	—	$44.5B	—
FY22	—	$2.17	—	—	$20B	—
FY21	—	-$0.87	—	—	$20B	—
FY20	—	-$5.4	—	—	$18.3B	—
FY19	—	$12.3	—	—	$35.7B	—
FY18	—	$2.03	—	—	$31B	—
FY17	—	$4.04	—	—	$26.8B	—
FY16	—	-$3.02	—	—	$19.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$19.2B	$26.8B	$31B	$35.7B	$18.3B	$20B	$20B	$44.5B	$53.3B	$62.4B
YoY change	+76.6%	+39.2%	+15.6%	+15.2%	-48.6%	+9.32%	+0.08%	+122.1%	+19.7%	+17.1%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$11.2B	$13.7B	$10.3B	$11.9B	$1.8B	$2.2B	$12.7B	$13.8B	$14.8B	$18.3B	$15.4B	$16.2B
YoY change	+180.4%	+99.4%	+105.4%	+29.4%	-84.1%	-83.7%	+23.4%	+16.2%	+728.6%	+720.1%	+20.8%	+17.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	19.2B	26.8B	31B	35.7B	18.3B	20B	20B	44.5B	53.3B	62.4B
Cost of revenue	4.7B	4.7B	6.3B	7.4B	4B	4.6B	4.5B	8.1B	10B	12.1B
Gross profit	14.5B	22.1B	24.6B	28.3B	14.3B	15.4B	15.5B	36.4B	43.3B	50.3B
Gross margin	75.4%	82.5%	79.6%	79.3%	78%	77%	77.5%	81.8%	81.3%	80.6%
Research & development	7.7B	8.3B	9.6B	10.7B	7.7B	9B	8.3B	12.1B	13.1B	15.1B
Selling, general & administrative	8.4B	10.9B	12.4B	12.6B	8B	7.8B	7.1B	12.9B	16B	19.4B
Operating expenses	15.8B	18.9B	21.6B	22.7B	15.1B	16.3B	14.8B	24.5B	28.3B	33.2B
Operating income	-1.3B	3.2B	3.1B	5.6B	-822M	-861M	706M	11.9B	15B	17.1B
Operating margin	-6.92%	12%	9.93%	15.8%	-4.49%	-4.3%	3.52%	26.8%	28.1%	27.4%
Non-operating income, net	-248M	615M	-1.5B	3B	-874M	-177M	1.4B	-1.3B	1.4B	20B
Pretax income	-1.7B	3.5B	1.9B	9.1B	-1.2B	-471M	2.6B	10.7B	17B	38.8B
Income tax	482M	1.3B	793M	1.7B	355M	270M	682M	1.8B	2.6B	5.8B
Net income	-1.6B	2.2B	1.1B	7B	-3.3B	-645M	1.4B	10B	17.2B	33.4B
Net margin	-8.44%	8.11%	3.54%	19.6%	-17.8%	-3.22%	6.82%	22.5%	32.3%	53.5%
EBITDA	-27M	5.2B	6.1B	9.2B	3.1B	2.7B	5B	15.2B	18.7B	20.7B
EPS	-3.02	4.04	2.03	12.3	-5.4	-0.87	2.17	15.2	26.1	50.6
Diluted EPS	-3.02	3.82	1.96	11.5	-5.4	-0.87	2.14	14.8	24.8	47.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	11.2B	13.7B	10.3B	11.9B	1.8B	2.2B	12.7B	13.8B	14.8B	18.3B	15.4B	16.2B
Cost of revenue	2B	2.5B	2B	2.2B	324.3M	394.4M	2.6B	2.7B	2.8B	3.4B	3.2B	3.3B
Gross profit	9.2B	11.3B	8.3B	9.7B	1.5B	1.8B	10.1B	11.1B	12B	15B	12.2B	12.9B
Gross margin	82.2%	82%	80.5%	81.2%	81.9%	82.4%	79.3%	80.4%	81%	81.7%	79%	79.5%
Research & development	3B	3.6B	2.9B	3.1B	419.8M	512.8M	3.4B	3.5B	3.5B	4.1B	4B	4.1B
Selling, general & administrative	3.3B	3.8B	3.2B	3.2B	548.7M	623.6M	4.4B	4B	4.4B	5.3B	5.6B	4.9B
Operating expenses	6.3B	7.4B	6.1B	6.2B	968.5M	1.1B	7.8B	7.6B	7.9B	9.4B	9.6B	8.9B
Operating income	3B	3.9B	2.8B	3.4B	498.6M	705.2M	3.1B	3.6B	4.1B	5.6B	3.9B	3.9B
Operating margin	26.5%	28.4%	27.2%	28.7%	27.8%	31.5%	24.2%	25.8%	27.6%	30.4%	25.2%	24.3%
Non-operating income, net	-2B	545M	-1.5B	653M	-25.7M	250.9M	-924M	1.1B	1.1B	17B	697M	176M
Pretax income	974M	4.5B	1.4B	4.2B	489.8M	984.1M	2.4B	5.1B	5.6B	23.1B	5.1B	4.6B
Income tax	562M	448M	399M	664M	97.2M	101.6M	526M	638M	998M	3.3B	835M	893M
Net income	648M	4.6B	1.3B	4.3B	545.3M	961.2M	2.2B	4.3B	4.9B	19.9B	4.3B	2.5B
Net margin	5.76%	33.8%	13%	36.3%	30.4%	43%	17.2%	31.2%	32.9%	108.6%	27.8%	15.6%
EBITDA	1.5B	5B	1.9B	4.3B	561.9M	1B	2.7B	5.3B	5.8B	23.3B	5.3B	4.7B
EPS	0.97	7.05	1.99	6.62	5.84	10.4	3.28	6.48	7.34	30.4	6.53	3.85
Diluted EPS	0.94	6.84	1.94	6.38	5.57	9.93	3.09	6.09	6.97	28.6	6.11	3.67

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	32.5B	46.4B	58.3B	43B	42.9B	49.4B	42.5B	59.3B	76.9B	71.9B
Receivables	4.6B	4.7B	5.7B	7.7B	4.1B	4.6B	5.5B	11.4B	12.5B	15.2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	45.9B	59.4B	79.4B	68B	58B	66.1B	61.4B	88.7B	112.1B	121B
Property, plant & equipment	545.9M	554M	551M	2B	1.3B	908M	647M	450M	492M	920M
Goodwill & intangibles	140.1B	140.2B	143.7B	143.1B	145.4B	144.8B	144.3B	144B	147.5B	150.6B
Total assets	144.4B	162.2B	185.8B	200.2B	187.2B	191.9B	191.7B	219.1B	242.6B	267.4B
Accounts payable	7.3B	7.5B	11.7B	12.3B	4.5B	6B	7.6B	16.5B	16.6B	19.1B
Short-term debt	6.9B	16.3B	36B	31B	34.1B	40.2B	32.9B	26B	19.6B	19.6B
Total current liabilities	30.3B	42.2B	68.8B	69.2B	58.4B	66.2B	61.2B	72.4B	74B	78.2B
Long-term debt	34.7B	29.2B	24.1B	20.3B	23.3B	11.5B	13.7B	19.6B	20.7B	12B
Total liabilities	68.9B	75.6B	97.1B	94.5B	85.7B	81.4B	78.7B	96.1B	99.1B	94.8B
Shareholders' equity	75.5B	86.6B	88.7B	105.7B	101.6B	110.5B	113B	123B	143.5B	172.6B
Total debt	41.5B	45.5B	60.2B	51.2B	57.4B	51.7B	46.7B	45.6B	40.3B	31.6B
Net debt	23.1B	27.3B	38.6B	31.3B	39.3B	31.9B	29.7B	4B	-8.1B	-8.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	55.4B	61.8B	59.3B	67.7B	12.6B	10.7B	76.9B	78.1B	80B	80.5B	71.9B	81B
Receivables	10.7B	12.8B	11.4B	12.3B	1.8B	1.9B	12.5B	13.4B	14.4B	16.3B	15.2B	16.3B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	83.1B	93.6B	88.7B	100B	17B	16.1B	112.1B	112.3B	116.5B	125.4B	121B	123.3B
Property, plant & equipment	5.9B	5.8B	450M	5.7B	816.9M	815.9M	492M	5.8B	6.2B	6.3B	920M	6.5B
Goodwill & intangibles	144.2B	144.1B	144B	143.9B	20.2B	20.8B	147.5B	147.9B	149.7B	150.7B	150.6B	150.4B
Total assets	218.2B	227.5B	219.1B	228.5B	34.8B	34.4B	242.6B	247.8B	252.4B	270.6B	267.4B	263.2B
Accounts payable	14.7B	18.2B	16.5B	17.7B	2.7B	2.5B	16.6B	17B	19.5B	20.1B	19.1B	20B
Short-term debt	32.4B	30.8B	26B	38.6B	5.5B	3.7B	19.6B	22.6B	28.2B	20.3B	19.6B	20.1B
Total current liabilities	75.7B	79.8B	72.4B	86.8B	12.9B	11.3B	74B	76.8B	87.5B	84.5B	78.2B	80.6B
Long-term debt	20.2B	20.1B	19.6B	9.2B	2.9B	2.8B	20.7B	20.2B	11.5B	11.6B	12B	11.3B
Total liabilities	99.8B	103.9B	96.1B	99.9B	16.3B	14.7B	99.1B	100.8B	103B	100.6B	94.8B	96.5B
Shareholders' equity	118.4B	123.6B	123B	128.6B	18.4B	19.7B	143.5B	147B	149.5B	170B	172.6B	166.7B
Total debt	52.6B	51B	45.6B	47.8B	8.4B	6.5B	40.3B	42.8B	39.7B	31.9B	31.6B	31.4B
Net debt	15.8B	13.2B	4B	5.6B	1.2B	604.9M	-8.1B	-13.6B	-18.6B	-27.3B	-8.2B	-25.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-1.6B	2.2B	1.1B	7B	-3.3B	-645M	1.4B	10B	17.2B	33.4B
Depreciation & amortization	718M	883M	982M	1.4B	1.6B	1.4B	1.3B	1.1B	1.1B	1.1B
Stock-based compensation	3.6B	1.8B	1.7B	1.7B	1.9B	1.7B	1.2B	1.8B	2B	2.3B
Change in working capital	1.6B	82M	3B	-198M	-7.8B	1.2B	1.1B	7.1B	2.7B	-901M
Operating cash flow	4.3B	4.8B	5.9B	9.6B	-8.1B	3.2B	5.2B	19.2B	22.7B	14.4B
Capital expenditure	-683M	-471M	-673M	-823M	-532M	-570M	-497M	-606M	-591M	—
Investing cash flow	-20.3B	-15.2B	-14B	-2.4B	-3.8B	-4.1B	1.1B	5.9B	-6.1B	-3.4B
Dividends paid	—	—	—	—	—	—	—	—	—	-1.4B
Share repurchases	0	0	-1.2B	—	—	0	0	-1.6B	-2.2B	-4.4B
Financing cash flow	12.1B	6.6B	10.1B	-9.7B	5.9B	-19.4B	-35.1B	-43.7B	-43.5B	-51.4B
Net change in cash	-3.9B	-3.8B	1.9B	-2.5B	-6B	-20.3B	-28.7B	-18.6B	-26.8B	-40.5B
Free cash flow	4.6B	6.6B	6.4B	6.5B	-4.4B	1.9B	2.1B	21.4B	19B	13.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 04	Q1 14	Q1 15	Q2 15	Q1 23	Q1 24
Net income	41.6M	88.4M	-183.1M	98.5M	3.4B	4.3B
Depreciation & amortization	1.2M	35.9M	62.8M	78.2M	301M	278M
Stock-based compensation	—	121.6M	158.9M	153.1M	378M	450M
Change in working capital	6.9M	-280.4M	260.1M	835.5M	530M	42M
Operating cash flow	49.9M	-43.3M	233.8M	1.1B	4.5B	5B
Capital expenditure	-3.1M	-58.7M	-214.2M	-178M	-111M	-122M
Investing cash flow	-3.1M	-415.1M	-1.3B	-3.2B	2.3B	-4.4B
Dividends paid	—	—	—	—	—	—
Share repurchases	2.3K	-103.7M	0	-489.6M	—	—
Financing cash flow	1.8M	51.7M	-851.3M	1.9B	-1.9B	-3.3B
Net change in cash	48.5M	-406.7M	-1.9B	-124.2M	4.9B	-2.7B
Free cash flow	54.4M	123.8M	512.5M	517.6M	3.1B	2.3B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	107.4B	138.1B	146.9B	113.2B	163.9B	171.4B	—	47.3B	47.3B
Enterprise value	—	—	109.2B	146.3B	161.4B	115.5B	168B	157.6B	—	7.1B	7.1B
Shares outstanding	3.4B	3.8B	4B	4.1B	4.4B	4.6B	4.8B	4.8B	654M	657.8M	657.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	98	19.7	—	—	119.9	17.1	—	1.42	1.42
P/S	—	—	3.47	3.87	8.02	5.65	8.18	3.85	—	0.76	0.76
P/B	—	—	1.21	1.31	1.45	1.02	1.45	1.39	—	0.27	0.27
EV/EBITDA	—	—	17.8	15.9	51.7	42.6	33.3	10.4	—	0.34	0.34
EV/Sales	—	—	3.53	4.1	8.81	5.77	8.38	3.54	—	0.11	0.11
Earnings yield	—	—	1.02%	5.07%	—	—	0.83%	5.84%	—	70.6%	70.6%
FCF yield	—	—	5.97%	4.71%	-2.96%	1.68%	1.31%	12.5%	—	28.7%	28.7%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	75.4%	82.5%	79.6%	79.3%	78%	77%	77.5%	81.8%	81.3%	80.6%	80.6%
Operating margin	-6.92%	12%	9.93%	15.8%	-4.49%	-4.3%	3.52%	26.8%	28.1%	27.4%	27.4%
Net margin	-8.44%	8.11%	3.54%	19.6%	-17.8%	-3.22%	6.82%	22.5%	32.3%	53.5%	53.5%
ROE	-2.15%	2.51%	1.24%	6.62%	-3.22%	-0.58%	1.21%	8.13%	12%	19.3%	19.3%
ROA	-1.12%	1.34%	0.59%	3.5%	-1.75%	-0.34%	0.71%	4.56%	7.1%	12.5%	12.5%
ROIC	-1.57%	2.38%	1.99%	3.99%	-0.71%	-0.76%	0.45%	9.13%	11.9%	11%	11%
Return on tangible assets	-37.5%	9.86%	2.6%	12.3%	-7.81%	-1.37%	2.89%	13.3%	18.1%	28.6%	28.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.52	1.41	1.15	0.98	0.99	1	1	1.23	1.51	1.55	1.55
Quick ratio	1.52	1.41	1.15	0.98	0.99	1	1	1.23	1.51	1.55	1.55
Debt / equity	0.55	0.53	0.68	0.48	0.57	0.47	0.41	0.37	0.28	0.18	0.18
Debt / assets	0.29	0.28	0.32	0.26	0.31	0.27	0.24	0.21	0.17	0.12	0.12
Net debt / EBITDA	-333	-0.16	0.31	0.9	4.64	0.86	0.82	-0.91	-1.96	-1.94	-1.94
Interest coverage	-1.38	3.74	2.27	6.42	0.29	0.7	2.74	6.17	10.8	46.8	46.8
Effective tax rate	0%	36.5%	41.3%	19.2%	0%	0%	25.9%	16.4%	15.3%	15%	15%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.61	6.97	7.8	8.66	4.2	4.36	4.21	9.35	81.5	94.9	94.9
EPS (basic)	-3.02	4.04	2.03	12.3	-5.4	-0.87	2.17	15.2	26.1	50.6	50.6
EPS (diluted)	-3.02	3.82	1.96	11.5	-5.4	-0.87	2.14	14.8	24.8	47.7	47.7
Book value per share	22	22.5	22.4	25.7	23.3	24	23.7	25.8	219.4	262.4	262.4
FCF per share	1.33	1.71	1.61	1.58	-1	0.41	0.45	4.5	29.1	20.6	20.6
Cash per share	9.48	12.1	14.7	10.4	9.85	10.7	8.93	12.5	117.6	109.2	109.2
Capex per share	0.2	0.12	0.17	0.2	0.12	0.12	0.1	0.13	0.9	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.55%	1.76%	2.17%	2.31%	2.9%	2.85%	2.48%	1.36%	1.11%	—	—
Capex / operating cash flow	15.8%	9.8%	11.4%	8.58%	-6.58%	17.6%	9.51%	3.16%	2.6%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	4.26%	4.26%
Dividend yield	—	—	—	—	—	—	—	—	—	3.01%	3.01%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.30

ex-dividend Mar 17, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 17, 2025	$0.30
Jun 10, 2008	$0.0076
Jun 27, 2007	$0.0043
Jun 28, 2006	$0.004

Split history

Date	Ratio
Dec 2, 2015	2:1
Jan 21, 2010	2:1
Jul 31, 2007	2:1
Apr 11, 2006	2:1

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$6.15	$5.73	-6.8%	—	$16.2B	—
Q4 25	$4.67	$4.97	+6.4%	—	$15.4B	—
Q3 25	$7.98	$27.6	+245.4%	—	$18.3B	—
Q2 25	$6.13	$7.2	+17.5%	—	$14.8B	—
Q1 25	$5.56	$5.96	+7.2%	—	$13.8B	—
Q4 24	$3.9	$4.35	+11.5%	—	$12.7B	—
Q3 24	$6.97	$8.75	+25.5%	—	$2.2B	—
Q2 24	$5.24	$7.25	+38.4%	—	$1.8B	—
Q1 24	$4.14	$6	+44.9%	—	$11.9B	—
Q4 23	$2.31	$4	+73.2%	—	$10.3B	—
Q3 23	$4.85	$7.26	+49.7%	—	$13.7B	—
Q2 23	$3.61	$5.11	+41.6%	—	$11.2B	—
Q1 23	$0.25	$0.45	+80.0%	—	$9.2B	—
Q4 22	-$0.18	$0.76	+522.2%	—	$5B	—
Q3 22	$1.2	$1.58	+31.7%	—	$6.9B	—
Q2 22	$0.16	-$0.31	-293.7%	—	$4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$50.6	—	—	$62.4B	—
FY24	—	$26.1	—	—	$53.3B	—
FY23	—	$15.2	—	—	$44.5B	—
FY22	—	$2.17	—	—	$20B	—
FY21	—	-$0.87	—	—	$20B	—
FY20	—	-$5.4	—	—	$18.3B	—
FY19	—	$12.3	—	—	$35.7B	—
FY18	—	$2.03	—	—	$31B	—
FY17	—	$4.04	—	—	$26.8B	—
FY16	—	-$3.02	—	—	$19.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$19.2B	$26.8B	$31B	$35.7B	$18.3B	$20B	$20B	$44.5B	$53.3B	$62.4B
YoY change	+76.6%	+39.2%	+15.6%	+15.2%	-48.6%	+9.32%	+0.08%	+122.1%	+19.7%	+17.1%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$11.2B	$13.7B	$10.3B	$11.9B	$1.8B	$2.2B	$12.7B	$13.8B	$14.8B	$18.3B	$15.4B	$16.2B
YoY change	+180.4%	+99.4%	+105.4%	+29.4%	-84.1%	-83.7%	+23.4%	+16.2%	+728.6%	+720.1%	+20.8%	+17.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	19.2B	26.8B	31B	35.7B	18.3B	20B	20B	44.5B	53.3B	62.4B
Cost of revenue	4.7B	4.7B	6.3B	7.4B	4B	4.6B	4.5B	8.1B	10B	12.1B
Gross profit	14.5B	22.1B	24.6B	28.3B	14.3B	15.4B	15.5B	36.4B	43.3B	50.3B
Gross margin	75.4%	82.5%	79.6%	79.3%	78%	77%	77.5%	81.8%	81.3%	80.6%
Research & development	7.7B	8.3B	9.6B	10.7B	7.7B	9B	8.3B	12.1B	13.1B	15.1B
Selling, general & administrative	8.4B	10.9B	12.4B	12.6B	8B	7.8B	7.1B	12.9B	16B	19.4B
Operating expenses	15.8B	18.9B	21.6B	22.7B	15.1B	16.3B	14.8B	24.5B	28.3B	33.2B
Operating income	-1.3B	3.2B	3.1B	5.6B	-822M	-861M	706M	11.9B	15B	17.1B
Operating margin	-6.92%	12%	9.93%	15.8%	-4.49%	-4.3%	3.52%	26.8%	28.1%	27.4%
Non-operating income, net	-248M	615M	-1.5B	3B	-874M	-177M	1.4B	-1.3B	1.4B	20B
Pretax income	-1.7B	3.5B	1.9B	9.1B	-1.2B	-471M	2.6B	10.7B	17B	38.8B
Income tax	482M	1.3B	793M	1.7B	355M	270M	682M	1.8B	2.6B	5.8B
Net income	-1.6B	2.2B	1.1B	7B	-3.3B	-645M	1.4B	10B	17.2B	33.4B
Net margin	-8.44%	8.11%	3.54%	19.6%	-17.8%	-3.22%	6.82%	22.5%	32.3%	53.5%
EBITDA	-27M	5.2B	6.1B	9.2B	3.1B	2.7B	5B	15.2B	18.7B	20.7B
EPS	-3.02	4.04	2.03	12.3	-5.4	-0.87	2.17	15.2	26.1	50.6
Diluted EPS	-3.02	3.82	1.96	11.5	-5.4	-0.87	2.14	14.8	24.8	47.7

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	11.2B	13.7B	10.3B	11.9B	1.8B	2.2B	12.7B	13.8B	14.8B	18.3B	15.4B	16.2B
Cost of revenue	2B	2.5B	2B	2.2B	324.3M	394.4M	2.6B	2.7B	2.8B	3.4B	3.2B	3.3B
Gross profit	9.2B	11.3B	8.3B	9.7B	1.5B	1.8B	10.1B	11.1B	12B	15B	12.2B	12.9B
Gross margin	82.2%	82%	80.5%	81.2%	81.9%	82.4%	79.3%	80.4%	81%	81.7%	79%	79.5%
Research & development	3B	3.6B	2.9B	3.1B	419.8M	512.8M	3.4B	3.5B	3.5B	4.1B	4B	4.1B
Selling, general & administrative	3.3B	3.8B	3.2B	3.2B	548.7M	623.6M	4.4B	4B	4.4B	5.3B	5.6B	4.9B
Operating expenses	6.3B	7.4B	6.1B	6.2B	968.5M	1.1B	7.8B	7.6B	7.9B	9.4B	9.6B	8.9B
Operating income	3B	3.9B	2.8B	3.4B	498.6M	705.2M	3.1B	3.6B	4.1B	5.6B	3.9B	3.9B
Operating margin	26.5%	28.4%	27.2%	28.7%	27.8%	31.5%	24.2%	25.8%	27.6%	30.4%	25.2%	24.3%
Non-operating income, net	-2B	545M	-1.5B	653M	-25.7M	250.9M	-924M	1.1B	1.1B	17B	697M	176M
Pretax income	974M	4.5B	1.4B	4.2B	489.8M	984.1M	2.4B	5.1B	5.6B	23.1B	5.1B	4.6B
Income tax	562M	448M	399M	664M	97.2M	101.6M	526M	638M	998M	3.3B	835M	893M
Net income	648M	4.6B	1.3B	4.3B	545.3M	961.2M	2.2B	4.3B	4.9B	19.9B	4.3B	2.5B
Net margin	5.76%	33.8%	13%	36.3%	30.4%	43%	17.2%	31.2%	32.9%	108.6%	27.8%	15.6%
EBITDA	1.5B	5B	1.9B	4.3B	561.9M	1B	2.7B	5.3B	5.8B	23.3B	5.3B	4.7B
EPS	0.97	7.05	1.99	6.62	5.84	10.4	3.28	6.48	7.34	30.4	6.53	3.85
Diluted EPS	0.94	6.84	1.94	6.38	5.57	9.93	3.09	6.09	6.97	28.6	6.11	3.67

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	32.5B	46.4B	58.3B	43B	42.9B	49.4B	42.5B	59.3B	76.9B	71.9B
Receivables	4.6B	4.7B	5.7B	7.7B	4.1B	4.6B	5.5B	11.4B	12.5B	15.2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	45.9B	59.4B	79.4B	68B	58B	66.1B	61.4B	88.7B	112.1B	121B
Property, plant & equipment	545.9M	554M	551M	2B	1.3B	908M	647M	450M	492M	920M
Goodwill & intangibles	140.1B	140.2B	143.7B	143.1B	145.4B	144.8B	144.3B	144B	147.5B	150.6B
Total assets	144.4B	162.2B	185.8B	200.2B	187.2B	191.9B	191.7B	219.1B	242.6B	267.4B
Accounts payable	7.3B	7.5B	11.7B	12.3B	4.5B	6B	7.6B	16.5B	16.6B	19.1B
Short-term debt	6.9B	16.3B	36B	31B	34.1B	40.2B	32.9B	26B	19.6B	19.6B
Total current liabilities	30.3B	42.2B	68.8B	69.2B	58.4B	66.2B	61.2B	72.4B	74B	78.2B
Long-term debt	34.7B	29.2B	24.1B	20.3B	23.3B	11.5B	13.7B	19.6B	20.7B	12B
Total liabilities	68.9B	75.6B	97.1B	94.5B	85.7B	81.4B	78.7B	96.1B	99.1B	94.8B
Shareholders' equity	75.5B	86.6B	88.7B	105.7B	101.6B	110.5B	113B	123B	143.5B	172.6B
Total debt	41.5B	45.5B	60.2B	51.2B	57.4B	51.7B	46.7B	45.6B	40.3B	31.6B
Net debt	23.1B	27.3B	38.6B	31.3B	39.3B	31.9B	29.7B	4B	-8.1B	-8.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	55.4B	61.8B	59.3B	67.7B	12.6B	10.7B	76.9B	78.1B	80B	80.5B	71.9B	81B
Receivables	10.7B	12.8B	11.4B	12.3B	1.8B	1.9B	12.5B	13.4B	14.4B	16.3B	15.2B	16.3B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	83.1B	93.6B	88.7B	100B	17B	16.1B	112.1B	112.3B	116.5B	125.4B	121B	123.3B
Property, plant & equipment	5.9B	5.8B	450M	5.7B	816.9M	815.9M	492M	5.8B	6.2B	6.3B	920M	6.5B
Goodwill & intangibles	144.2B	144.1B	144B	143.9B	20.2B	20.8B	147.5B	147.9B	149.7B	150.7B	150.6B	150.4B
Total assets	218.2B	227.5B	219.1B	228.5B	34.8B	34.4B	242.6B	247.8B	252.4B	270.6B	267.4B	263.2B
Accounts payable	14.7B	18.2B	16.5B	17.7B	2.7B	2.5B	16.6B	17B	19.5B	20.1B	19.1B	20B
Short-term debt	32.4B	30.8B	26B	38.6B	5.5B	3.7B	19.6B	22.6B	28.2B	20.3B	19.6B	20.1B
Total current liabilities	75.7B	79.8B	72.4B	86.8B	12.9B	11.3B	74B	76.8B	87.5B	84.5B	78.2B	80.6B
Long-term debt	20.2B	20.1B	19.6B	9.2B	2.9B	2.8B	20.7B	20.2B	11.5B	11.6B	12B	11.3B
Total liabilities	99.8B	103.9B	96.1B	99.9B	16.3B	14.7B	99.1B	100.8B	103B	100.6B	94.8B	96.5B
Shareholders' equity	118.4B	123.6B	123B	128.6B	18.4B	19.7B	143.5B	147B	149.5B	170B	172.6B	166.7B
Total debt	52.6B	51B	45.6B	47.8B	8.4B	6.5B	40.3B	42.8B	39.7B	31.9B	31.6B	31.4B
Net debt	15.8B	13.2B	4B	5.6B	1.2B	604.9M	-8.1B	-13.6B	-18.6B	-27.3B	-8.2B	-25.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-1.6B	2.2B	1.1B	7B	-3.3B	-645M	1.4B	10B	17.2B	33.4B
Depreciation & amortization	718M	883M	982M	1.4B	1.6B	1.4B	1.3B	1.1B	1.1B	1.1B
Stock-based compensation	3.6B	1.8B	1.7B	1.7B	1.9B	1.7B	1.2B	1.8B	2B	2.3B
Change in working capital	1.6B	82M	3B	-198M	-7.8B	1.2B	1.1B	7.1B	2.7B	-901M
Operating cash flow	4.3B	4.8B	5.9B	9.6B	-8.1B	3.2B	5.2B	19.2B	22.7B	14.4B
Capital expenditure	-683M	-471M	-673M	-823M	-532M	-570M	-497M	-606M	-591M	—
Investing cash flow	-20.3B	-15.2B	-14B	-2.4B	-3.8B	-4.1B	1.1B	5.9B	-6.1B	-3.4B
Dividends paid	—	—	—	—	—	—	—	—	—	-1.4B
Share repurchases	0	0	-1.2B	—	—	0	0	-1.6B	-2.2B	-4.4B
Financing cash flow	12.1B	6.6B	10.1B	-9.7B	5.9B	-19.4B	-35.1B	-43.7B	-43.5B	-51.4B
Net change in cash	-3.9B	-3.8B	1.9B	-2.5B	-6B	-20.3B	-28.7B	-18.6B	-26.8B	-40.5B
Free cash flow	4.6B	6.6B	6.4B	6.5B	-4.4B	1.9B	2.1B	21.4B	19B	13.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 04	Q1 14	Q1 15	Q2 15	Q1 23	Q1 24
Net income	41.6M	88.4M	-183.1M	98.5M	3.4B	4.3B
Depreciation & amortization	1.2M	35.9M	62.8M	78.2M	301M	278M
Stock-based compensation	—	121.6M	158.9M	153.1M	378M	450M
Change in working capital	6.9M	-280.4M	260.1M	835.5M	530M	42M
Operating cash flow	49.9M	-43.3M	233.8M	1.1B	4.5B	5B
Capital expenditure	-3.1M	-58.7M	-214.2M	-178M	-111M	-122M
Investing cash flow	-3.1M	-415.1M	-1.3B	-3.2B	2.3B	-4.4B
Dividends paid	—	—	—	—	—	—
Share repurchases	2.3K	-103.7M	0	-489.6M	—	—
Financing cash flow	1.8M	51.7M	-851.3M	1.9B	-1.9B	-3.3B
Net change in cash	48.5M	-406.7M	-1.9B	-124.2M	4.9B	-2.7B
Free cash flow	54.4M	123.8M	512.5M	517.6M	3.1B	2.3B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	107.4B	138.1B	146.9B	113.2B	163.9B	171.4B	—	47.3B	47.3B
Enterprise value	—	—	109.2B	146.3B	161.4B	115.5B	168B	157.6B	—	7.1B	7.1B
Shares outstanding	3.4B	3.8B	4B	4.1B	4.4B	4.6B	4.8B	4.8B	654M	657.8M	657.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	98	19.7	—	—	119.9	17.1	—	1.42	1.42
P/S	—	—	3.47	3.87	8.02	5.65	8.18	3.85	—	0.76	0.76
P/B	—	—	1.21	1.31	1.45	1.02	1.45	1.39	—	0.27	0.27
EV/EBITDA	—	—	17.8	15.9	51.7	42.6	33.3	10.4	—	0.34	0.34
EV/Sales	—	—	3.53	4.1	8.81	5.77	8.38	3.54	—	0.11	0.11
Earnings yield	—	—	1.02%	5.07%	—	—	0.83%	5.84%	—	70.6%	70.6%
FCF yield	—	—	5.97%	4.71%	-2.96%	1.68%	1.31%	12.5%	—	28.7%	28.7%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	75.4%	82.5%	79.6%	79.3%	78%	77%	77.5%	81.8%	81.3%	80.6%	80.6%
Operating margin	-6.92%	12%	9.93%	15.8%	-4.49%	-4.3%	3.52%	26.8%	28.1%	27.4%	27.4%
Net margin	-8.44%	8.11%	3.54%	19.6%	-17.8%	-3.22%	6.82%	22.5%	32.3%	53.5%	53.5%
ROE	-2.15%	2.51%	1.24%	6.62%	-3.22%	-0.58%	1.21%	8.13%	12%	19.3%	19.3%
ROA	-1.12%	1.34%	0.59%	3.5%	-1.75%	-0.34%	0.71%	4.56%	7.1%	12.5%	12.5%
ROIC	-1.57%	2.38%	1.99%	3.99%	-0.71%	-0.76%	0.45%	9.13%	11.9%	11%	11%
Return on tangible assets	-37.5%	9.86%	2.6%	12.3%	-7.81%	-1.37%	2.89%	13.3%	18.1%	28.6%	28.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.52	1.41	1.15	0.98	0.99	1	1	1.23	1.51	1.55	1.55
Quick ratio	1.52	1.41	1.15	0.98	0.99	1	1	1.23	1.51	1.55	1.55
Debt / equity	0.55	0.53	0.68	0.48	0.57	0.47	0.41	0.37	0.28	0.18	0.18
Debt / assets	0.29	0.28	0.32	0.26	0.31	0.27	0.24	0.21	0.17	0.12	0.12
Net debt / EBITDA	-333	-0.16	0.31	0.9	4.64	0.86	0.82	-0.91	-1.96	-1.94	-1.94
Interest coverage	-1.38	3.74	2.27	6.42	0.29	0.7	2.74	6.17	10.8	46.8	46.8
Effective tax rate	0%	36.5%	41.3%	19.2%	0%	0%	25.9%	16.4%	15.3%	15%	15%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.61	6.97	7.8	8.66	4.2	4.36	4.21	9.35	81.5	94.9	94.9
EPS (basic)	-3.02	4.04	2.03	12.3	-5.4	-0.87	2.17	15.2	26.1	50.6	50.6
EPS (diluted)	-3.02	3.82	1.96	11.5	-5.4	-0.87	2.14	14.8	24.8	47.7	47.7
Book value per share	22	22.5	22.4	25.7	23.3	24	23.7	25.8	219.4	262.4	262.4
FCF per share	1.33	1.71	1.61	1.58	-1	0.41	0.45	4.5	29.1	20.6	20.6
Cash per share	9.48	12.1	14.7	10.4	9.85	10.7	8.93	12.5	117.6	109.2	109.2
Capex per share	0.2	0.12	0.17	0.2	0.12	0.12	0.1	0.13	0.9	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.55%	1.76%	2.17%	2.31%	2.9%	2.85%	2.48%	1.36%	1.11%	—	—
Capex / operating cash flow	15.8%	9.8%	11.4%	8.58%	-6.58%	17.6%	9.51%	3.16%	2.6%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	4.26%	4.26%
Dividend yield	—	—	—	—	—	—	—	—	—	3.01%	3.01%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$0.30

ex-dividend Mar 17, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Mar 17, 2025	$0.30
Jun 10, 2008	$0.0076
Jun 27, 2007	$0.0043
Jun 28, 2006	$0.004

Split history

Date	Ratio
Dec 2, 2015	2:1
Jan 21, 2010	2:1
Jul 31, 2007	2:1
Apr 11, 2006	2:1

Trip.com Group Limited American Depositary Receipt Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

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Assets vs. liabilities & equity

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Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Trip.com Group Limited American Depositary Receipt Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history