Trip.com Group Limited (TCOM) AI Stock Analysis

Trip.com Group Limited is a travel service provider offering accommodation reservations, transportation ticketing, packaged tours, and corporate travel management across China and internationally. Operating under brands including Ctrip, Qunar, Trip.com, and Skyscanner, the company facilitates hotel bookings, air ticketing, and rail, bus, and ferry tickets. It also provides travel insurance products covering flight delays, accidents, and baggage loss, alongside airport VIP lounge access and online check-in. In addition, Trip.com Group serves independent leisure travelers with bundled and customized packaged tours incorporating transportation, accommodations, activities, and visa assistance.

Trip.com Group expanded annual revenue from $20.02B in FY2021 to $60.71B in FY2025, achieving a 5-year revenue CAGR of 27.1%. Gross margin shifted from 77.0% in FY2021 to 80.6% in FY2025, while operating margin rose from -7.0% to 25.3%. Net income increased to $32.39B in FY2025, reflecting a net margin of 53.3% and EPS of $40.46. Free cash flow stood at $13.58B in FY2025, down from $19.03B in FY2024. For the trailing twelve months ending June 30, 2026, revenue totaled $65.61B with quarterly revenue rising 5.5% year-over-year, while quarterly earnings declined 39.7%.

As of June 30, 2026, Trip.com Group held $79.52B in cash and short-term investments against $26.96B in total debt, yielding net cash of $52.55B. The company reported a current ratio of 1.33 and a debt-to-equity ratio of 0.17 on shareholders' equity of $159.19B. In FY2025, capital expenditures were $797.0M, while operating cash flow reached $14.38B. Cash deployment in FY2025 included $4.40B spent on share buybacks and $1.42B paid in dividends, contributing to a 5-year share count change of -2.1%.

TCOM closed at $40.01 on October 16, 2026, trading at a trailing P/E of 8.1x and forward P/E of 11.7x, both below the median of its US-listed Consumer Cyclical peers of 18.0x and 14.1x. Its price-to-sales of 0.4x and EV-to-EBITDA of 3.9x also sit below the peer medians of 0.7x and 11.1x. Over the past year, the stock fell 43.0%, underperforming the S&P 500 (SPY) return of 16.8%. Over five years, TCOM rose 22.9%, trailing the S&P 500 return of 83.0%.

Wall Street consensus includes 20 Strong Buy, 6 Buy, and 3 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $58.59 stands 46.4% above the last close of $40.01. For the current fiscal year ending December 31, 2026, analysts expect revenue of $66.59B and EPS of $25.20, representing an EPS drop of 44.7%. Trip.com Group has beaten EPS estimates in 3 of the last 4 quarters, with the next earnings release scheduled for November 16, 2026.

This page is an AI-written research summary of Trip.com Group Limited (TCOM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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