The earnings call highlighted strong growth in inbound travel and international bookings, significant net revenue and EBITDA growth, and strategic investments in technology and AI solutions. Despite facing some pricing pressures and macroeconomic uncertainties, the overall business performance remains robust with a focus on sustainability and strategic growth initiatives.

Company Guidance

During the Trip.com Group's Q2 2025 earnings call, the company provided optimistic guidance for the upcoming quarters, highlighting strong momentum in various travel segments. In Q2, net revenue increased by 16% year-over-year, reaching RMB 14.8 billion, while adjusted EBITDA rose by 10%, reflecting robust demand across markets. Inbound travel bookings surged over 100% year-over-year, particularly from Korea and Southeast Asia. The company noted that mobile bookings now account for 70% of total bookings, and international bookings grew by over 60%. The outbound travel sector showed resilience, with cross-border flight capacity at 84% of pre-pandemic levels, and outbound hotel and air bookings exceeding 120% of 2019 volumes. Trip.com also emphasized its strategic focus on AI integration and innovations like the upgraded Trip.Planner for personalized travel experiences. Additionally, Trip.com announced a new USD 5 billion share repurchase program, underscoring its confidence in long-term growth and commitment to enhancing shareholder returns.

Strong Inbound Travel Growth

Trip.com Group's inbound travel bookings increased by over 100% year-over-year in Q2 2025, driven mainly by demand from Korea and Southeast Asia.

Net Revenue and EBITDA Growth

Net revenue in Q2 increased by 16% year-over-year, and adjusted EBITDA was up 10% year-over-year.

Expansion of International Bookings

International bookings on the platform increased by over 60% year-over-year with strong contributions from the APAC region.

Rising Engagement in Silver Generation

The number of users in the Old Friends Club and their total GMV grew by over 100% since year-end 2024.

Significant Share Repurchase Program

The company completed share repurchases totaling approximately USD 400 million and announced a new USD 5 billion share repurchase program.

Trip.com Group Sponsored ADR (TCOM) Earnings, Revenues Date & History

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TCOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 10, 2025	2025 (Q3)	1.13 / -	1.223	―	―	―
Aug 27, 2025	2025 (Q2)	0.84 / 1.01	1.013	-0.69% (>-0.01)	―
May 19, 2025	2025 (Q1)	0.76 / 0.83	0.839	-0.67% (>-0.01)	―
Feb 24, 2025	2024 (Q4)	0.54 / 0.61	0.559	8.75% (+0.05)	―
Nov 18, 2024	2024 (Q3)	0.97 / 1.22	1.015	20.52% (+0.21)	―
Aug 26, 2024	2024 (Q2)	0.73 / 1.01	0.714	41.88% (+0.30)	―
May 20, 2024	2024 (Q1)	0.58 / 0.84	0.429	95.44% (+0.41)	―
Feb 22, 2024	2023 (Q4)	0.31 / 0.56	0.106	426.32% (+0.45)	―
Nov 20, 2023	2023 (Q3)	0.67 / 1.01	0.221	359.49% (+0.79)	―
Sep 04, 2023	2023 (Q2)	0.50 / 0.71	-0.043	1748.39% (+0.76)	―

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

TCOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	$65.29	―	―
May 19, 2025	$67.10	$63.38	-5.54%
Feb 24, 2025	$64.37	$57.04	-11.39%
Nov 18, 2024	$61.04	$62.46	+2.33%

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.