Trip.com Group Limited (TCOM) is listed on NASDAQ and operates in the Travel Services industry (Consumer Cyclical sector).
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services. It also provides independent leisure travelers bundled packaged-tour products comprising group, semi-group, and customized and packaged tours with various transportation arrangements, including air, cruise, bus, and car rental services. In addition, the company offers integrated transportation and accommodation services; destination transportation and ticket, activity, insurance, visa, and tour guide services; user support, supplier management, and customer relationship management services; and in-destination products and services. Further, It provides its corporate clients with business visit, incentive trip, meeting and conference, travel data collection and analysis, and industry benchmarking solutions; and Corporate Travel Management System, an online platform that integrates information management, online booking...
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 31 |
| Hold | 10 |
| Sell | 2 |
| Strong Sell | 0 |
Trip.com Group Limited operates as a travel service provider, offering a range of services including accommodation reservations, transportation ticketing, packaged tours, and corporate travel management both in China and internationally. The company facilitates hotel transactions and sells air, train, long-distance bus, and ferry tickets. It also offers travel insurance products covering flight delays, air accidents, and baggage loss. Additional services include air-ticket delivery, online check-in, seat selection, express security screening, real-time flight tracking, and airport VIP lounge access. For leisure travelers, Trip.com provides bundled tour packages with various transportation options such as air, cruise, bus, and car rentals. The company also delivers integrated transportation and accommodation services, along with destination-specific transportation, ticketing, activities, insurance, visa, and tour guide services. For corporate clients, it offers business travel solutions, including data analysis and industry benchmarking, through its Corporate Travel Management System. Trip.com also engages in online advertising and financial services. It operates under the Ctrip, Qunar, Trip.com, and Skyscanner brands. Founded in 1999, Trip.com Group Limited is based in Singapore.
Over the past three fiscal years, the company demonstrated robust revenue growth, with a consistent increase at a compound annual growth rate (CAGR) of 16.8%, rising from CNY 44.51 billion in 2023 to CNY 60.71 billion in 2025. This growth was accompanied by a remarkable increase in earnings per share (EPS), which surged at a CAGR of 77.1%, from CNY 14.78 to CNY 46.36, indicating strong profitability improvements. Despite this, gross margins slightly compressed by 1.2 percentage points, from 81.8% to 80.6%, while operating margins showed minor inconsistency, ending at 25.3%. Notably, net margins expanded significantly by 31.1 percentage points, reaching 53.3%, highlighting enhanced bottom-line efficiency. Cash flow from operations and free cash flow both experienced consistent decreases, with free cash flow declining from CNY 21.40 billion to CNY 19.03 billion, reflecting a reduction in cash conversion quality. However, the company's net debt position improved substantially, transitioning from a net debt of CNY 3.98 billion in 2023 to a net cash position of CNY 15.11 billion by 2025, indicating a strengthened balance sheet. The interest coverage ratio also improved consistently, reaching 18.6x, underscoring the company's enhanced ability to meet its interest obligations. Despite a 4.1% increase in share count, which slightly diluted per-share gains, the overall financial performance suggests a solid trajectory of growth and profitability.
Recent developments for Trip.com Group Limited (TCOM) are dominated by legal challenges as multiple law firms have initiated securities class action lawsuits against the company. These lawsuits, filed by firms such as the Law Offices of Howard G. Smith, Robbins LLP, and ClaimsFiler, allege that Trip.com failed to disclose significant regulatory risks and engaged in monopolistic practices, leading to a decline in share prices. The lawsuits cover a class period from April 30, 2024, to January 13, 2026, with a lead plaintiff deadline set for May 11, 2026. The legal actions were prompted by a 17% drop in Trip.com's share price following an antitrust probe by China's State Administration for Market Regulation, which accused the company of abusing its market position. These developments have spurred investor rights law firms, including Rosen Law Firm and Faruqi & Faruqi, LLP, to encourage affected investors to participate in the lawsuits to potentially recover losses. The ongoing legal scrutiny and regulatory challenges present significant concerns for Trip.com, overshadowing other business activities and impacting investor sentiment.