Tuniu Corporation (TOUR) Income Statement
TOUR 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanTOUR revenue and net income
Where TOUR's revenue goes
2025Each bar shows an amount and its share of revenue. TOUR kept 5.4% of revenue as net income.
TOUR profit margins
TOUR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.5% | +45.2% | +4.5% | −23.0% |
| Gross profit | −9.0% | +53.8% | +8.9% | −1.3% |
| Operating income | −84.2% | — | — | — |
| Net income | −60.8% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TOUR income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥562.2M | CN¥513.6M | CN¥441.3M | CN¥183.6M | CN¥426.3M | CN¥450.3M | CN¥2.28B | CN¥2.24B | CN¥2.19B | CN¥10.55B |
| Cost of revenue | CN¥236.4M | CN¥155.6M | CN¥147.6M | CN¥94.1M | CN¥254.8M | CN¥237.1M | CN¥1.20B | CN¥1.07B | CN¥1.02B | CN¥9.92B |
| Gross profit | CN¥325.9M | CN¥358.0M | CN¥293.7M | CN¥89.6M | CN¥171.5M | CN¥213.2M | CN¥1.08B | CN¥1.18B | CN¥1.17B | CN¥627.0M |
| Research & development | CN¥57.4M | CN¥52.7M | CN¥57.0M | CN¥50.8M | CN¥54.6M | CN¥100.5M | CN¥303.6M | CN¥315.2M | CN¥541.1M | CN¥601.4M |
| Sales, general & admin | CN¥71.8M | CN¥87.7M | CN¥230.9M | CN¥212.6M | CN¥174.0M | CN¥1.48B | CN¥1.67B | CN¥487.4M | CN¥1.53B | CN¥2.57B |
| Total operating expenses | CN¥315.9M | CN¥294.8M | CN¥395.6M | CN¥299.8M | CN¥353.1M | CN¥1.55B | CN¥1.95B | CN¥1.52B | CN¥2.05B | CN¥3.15B |
| Operating income | CN¥10.0M | CN¥63.3M | −CN¥101.9M | −CN¥210.2M | −CN¥181.5M | −CN¥1.34B | −CN¥870.8M | −CN¥349.0M | −CN¥883.4M | −CN¥2.52B |
| Interest income | CN¥25.8M | CN¥19.9M | CN¥5.7M | CN¥27.2M | CN¥50.0M | CN¥3.5M | CN¥156.9M | CN¥152.9M | CN¥130.2M | CN¥87.3M |
| Interest expense | CN¥2.0M | CN¥3.3M | CN¥3.5M | CN¥4.9M | CN¥7.5M | CN¥32.3M | CN¥34.1M | CN¥7.9M | CN¥0 | CN¥0 |
| Income before taxes | CN¥30.2M | CN¥84.5M | −CN¥99.7M | −CN¥203.7M | −CN¥128.3M | −CN¥1.35B | −CN¥730.7M | −CN¥199.2M | −CN¥755.7M | −CN¥2.44B |
| Income taxes | CN¥1.4M | CN¥837,000 | CN¥1.4M | −CN¥731,000 | CN¥130,000 | −CN¥6.6M | CN¥949,000 | CN¥153,000 | CN¥15.6M | −CN¥1.7M |
| Net income | CN¥30.3M | CN¥77.2M | −CN¥99.3M | −CN¥193.4M | −CN¥121.5M | −CN¥1.31B | −CN¥699.2M | −CN¥187.9M | −CN¥773.0M | −CN¥2.41B |
| EBITDA | CN¥25.0M | CN¥89.0M | −CN¥65.9M | −CN¥128.0M | −CN¥57.8M | −CN¥1.12B | −CN¥374.0M | CN¥56.6M | −CN¥718.7M | −CN¥2.29B |
| Gross margin | 58.0% | 69.7% | 66.6% | 48.8% | 40.2% | 47.3% | 47.4% | 52.5% | 53.3% | 5.9% |
| Operating margin | 1.8% | 12.3% | −23.1% | −114.5% | −42.6% | −297.8% | −38.2% | −15.6% | −40.3% | −23.9% |
| Net margin | 5.4% | 15.0% | −22.5% | −105.3% | −28.5% | −290.5% | −30.7% | −8.4% | −35.3% | −22.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.4M | CN¥123.5M | CN¥121.8M | CN¥202.1M | CN¥134.9M | CN¥117.5M | CN¥102.7M | CN¥186.0M | CN¥116.9M | CN¥108.0M | CN¥99.9M | CN¥178.2M |
| Cost of revenue | CN¥9.2M | CN¥53.5M | CN¥52.8M | CN¥92.5M | CN¥48.9M | CN¥48.2M | CN¥32.9M | CN¥64.2M | CN¥32.5M | CN¥25.9M | CN¥25.3M | CN¥63.4M |
| Gross profit | CN¥11.2M | CN¥70.0M | CN¥69.1M | CN¥109.6M | CN¥86.0M | CN¥69.3M | CN¥69.8M | CN¥121.8M | CN¥84.4M | CN¥82.0M | CN¥74.6M | CN¥114.8M |
| Research & development | CN¥2.0M | CN¥12.3M | CN¥12.1M | CN¥15.7M | CN¥16.4M | CN¥14.5M | CN¥13.3M | CN¥13.6M | CN¥12.7M | CN¥13.0M | CN¥10.4M | CN¥18.4M |
| Sales, general & admin | CN¥13.5M | CN¥57.0M | CN¥57.0M | CN¥80.0M | CN¥62.8M | CN¥65.9M | CN¥69.5M | CN¥79.2M | CN¥21.7M | CN¥57.3M | CN¥75.3M | CN¥27.1M |
| Total operating expenses | CN¥12.1M | CN¥69.0M | CN¥68.3M | CN¥95.8M | CN¥78.9M | CN¥80.1M | CN¥82.5M | CN¥92.6M | CN¥49.9M | CN¥69.7M | CN¥206.6M | CN¥83.1M |
| Operating income | −CN¥914,644 | CN¥1.1M | CN¥736,684 | CN¥13.8M | CN¥7.1M | −CN¥10.8M | −CN¥12.7M | CN¥29.2M | CN¥34.5M | CN¥12.3M | −CN¥8.7M | CN¥31.7M |
| Interest income | CN¥4.7M | CN¥5.7M | CN¥1.7M | CN¥8.9M | CN¥7.3M | CN¥7.8M | CN¥5.6M | CN¥7.2M | CN¥8.2M | CN¥10.0M | CN¥15.2M | CN¥7.4M |
| Interest expense | CN¥4,847 | CN¥312,000 | CN¥307,688 | CN¥576,000 | CN¥583,000 | CN¥551,000 | CN¥612,000 | CN¥865,000 | CN¥1.2M | CN¥613,000 | CN¥1.1M | CN¥1.1M |
| Income before taxes | CN¥87,409 | CN¥2.0M | CN¥2.0M | CN¥20.0M | CN¥14.4M | −CN¥5.3M | −CN¥24.8M | CN¥44.0M | CN¥43.5M | CN¥22.4M | −CN¥133.0M | CN¥40.0M |
| Income taxes | CN¥36,726 | CN¥474,000 | CN¥467,455 | CN¥625,000 | CN¥274,000 | CN¥52,000 | CN¥283,000 | CN¥159,000 | CN¥459,000 | −CN¥64,000 | CN¥103,000 | CN¥964,000 |
| Net income | CN¥104,157 | CN¥1.5M | CN¥1.5M | CN¥19.8M | CN¥14.5M | −CN¥4.7M | −CN¥24.2M | CN¥44.4M | CN¥43.0M | CN¥13.9M | −CN¥132.3M | CN¥39.4M |
| EBITDA | −CN¥914,644 | CN¥2.4M | CN¥736,684 | CN¥21.4M | CN¥13.5M | −CN¥4.1M | −CN¥9.6M | CN¥44.4M | CN¥10.7M | CN¥12.6M | −CN¥4.1M | CN¥32.5M |
| Gross margin | 55.0% | 56.7% | 56.7% | 54.2% | 63.8% | 59.0% | 67.9% | 65.5% | 72.2% | 76.0% | 74.7% | 64.4% |
| Operating margin | −4.5% | 0.9% | 0.6% | 6.8% | 5.3% | −9.2% | −12.4% | 15.7% | 29.5% | 11.4% | −8.7% | 17.8% |
| Net margin | 0.5% | 1.3% | 1.3% | 9.8% | 10.8% | −4.0% | −23.6% | 23.9% | 36.8% | 12.9% | −132.4% | 22.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in TOUR's financial statements (latest annual report filed April 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TOUR financial results
In fiscal year 2025 (ended December 31, 2025), Tuniu reported revenue of CN¥562.2 million, up 9.5% from the year before. It had net income of CN¥30.3 million (down 60.8%), a net profit margin of 5.4%. Over five years revenue grew at an average rate of 4.5% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the TOUR stock overview for the latest quote and news, or the TOUR chart for price history and technical indicators.
TOUR income statement FAQ
What is Tuniu's annual revenue?
Tuniu reported total revenue of CN¥562.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.5% from CN¥513.6 million the previous year.
Is Tuniu profitable?
Yes. Tuniu reported net income of CN¥30.3 million in fiscal 2025, a net profit margin of 5.4%; its operating margin was 1.8%.
What is Tuniu's gross margin?
Tuniu's gross margin was 58.0% in fiscal 2025: for every $100 of revenue, Tuniu kept $58 after the direct cost of its products and services.
How much does Tuniu spend on research and development?
Tuniu spent CN¥57.4 million on research and development in fiscal 2025, 10.2% of revenue.
How fast is Tuniu growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from CN¥450.3 million to CN¥562.2 million.
When will Tuniu report its next earnings?
Tuniu is expected to report results for the quarter ending September 30, 2026 on December 4, 2026 before the market opens.
When does Tuniu's fiscal year end?
Tuniu's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 20, 2026.