Education
About Us
Working with TipRanks
Follow Us
Trip.com Group Ltd. (HK:9961)
:9961
Earnings Data
Report Date
May 25, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
6.83Last Year’s EPS
6.46Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a clearly positive operational and financial picture: solid top-line growth (net revenue +17% YoY, Q4 +21%), strong international and inbound momentum (international gross bookings +~60% YoY; ~20 million inbound travelers), healthy cash balance and continued shareholder returns. At the same time, management flagged material risks — an active SAMR investigation and meaningful step-up in marketing and operating investments (S&M +30% YoY in Q4; combined PD+G&A +14% YoY) that weigh on near-term operating leverage (adjusted EBITDA +11% vs. revenue +17%). The narrative is growth- and investment-driven with clear strategies around AI, inbound tourism and ecosystem building, but it includes tangible regulatory and expense headwinds that require monitoring.Company Guidance
Strong Full-Year Gross Bookings and Revenue Growth
Full-year 2025 gross bookings for the core OTA business were ~RMB 1.1 trillion. Group net revenue was RMB 62.4 billion, up 17% year-over-year.
Robust Quarterly Performance
Fourth-quarter 2025 net revenue was RMB 15.4 billion, a 21% increase year-over-year; Q4 adjusted EBITDA was RMB 3.4 billion (vs. RMB 3.0 billion a year earlier).
Profitability and EPS
Full-year income from operations was RMB 15.8 billion (up 11% YoY). Full-year adjusted EBITDA was RMB 18.9 billion (up 11% YoY). Q4 diluted EPS was RMB 6.11 (USD 0.87); Q4 non-GAAP diluted EPS was RMB 4.97 (USD 0.71). Full-year diluted EPS was RMB 47.67 (USD 6.82) and non-GAAP was RMB 45.59 (USD 6.52).
Strong Accommodation and Transportation Revenue
Full-year accommodation reservation revenue was RMB 26.1 billion, up 21% YoY; Q4 accommodation revenue was RMB 6.3 billion, up 21% YoY. Full-year transportation ticketing revenue was RMB 22.5 billion, up 11% YoY; Q4 transportation revenue was RMB 5.4 billion, up 12% YoY.
International Expansion Momentum
Gross bookings on the international OTA platform increased ~60% YoY in 2025. International business contributed ~40% of total revenue and bookings in 2025 (up from ~35% in 2024).
Inbound Travel Traction
Served approximately 20 million inbound travelers in 2025. Connected inbound demand to ~150,000 hotels, with >63,000 hotels serving inbound travelers for the first time. Over 6,000 attractions benefited, with >40% newly opened to inbound visitors.
Product & Segment Wins
Private tours grew by >20% in 2025; ~3,500 SMB travel agencies generated an incremental RMB 11 billion in transaction value. Entertainment-plus-travel delivered triple-digit growth; sold tickets for 1,540 shows globally. Old Friends Club membership and total GMV rose >100% YoY in Q4.
Strong Balance Sheet and Shareholder Returns
As of Dec 31, 2025, cash and cash equivalents, restricted cash, short-term investments, held-to-maturity deposits and financial products totaled RMB 105.8 billion (USD 15.1 billion). The company fully utilized the 2025 repurchase quota and completed additional repurchases in Q4.
Strategic Investments in AI and Sustainability
Announced investment priorities in AI and vertical large models; launched a USD 100 million Tourism Innovation Fund and invested ~RMB 2.9 billion in user experience and customer-protection initiatives in 2025.
HK:9961 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:9961 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | HK$413.80 | HK$400.40 | -3.24% |
Nov 18, 2025 | HK$555.50 | HK$564.50 | +1.62% |
Aug 27, 2025 | HK$512.50 | HK$552.00 | +7.71% |
May 19, 2025 | HK$517.00 | HK$505.50 | -2.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Trip.com Group Ltd. (HK:9961) report earnings?
Trip.com Group Ltd. (HK:9961) is schdueled to report earning on May 25, 2026, After Close (Confirmed).
What is Trip.com Group Ltd. (HK:9961) earnings time?
Trip.com Group Ltd. (HK:9961) earnings time is at May 25, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Trip.com Group Ltd. stock?
The P/E ratio of Trip.com Group Ltd. is N/A.
What is HK:9961 EPS forecast?
HK:9961 EPS forecast for the fiscal quarter 2026 (Q1) is 6.83.
