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Trip.com Group Limited Sponsored ADR

TCOM Consumer Cyclical Travel Services

Trip.com Group Limited Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $8.9 billion, up 22.2% from fiscal 2024.

Revenue
+11.4%
EPS
−155.9%
Free cash flow
+531.8%
Total debt
−28.8%

Quarter to June 2026, against a year earlier

43.78 1.09 +2.55%
Market cap
$28.5B
P/E
8.2×
Fwd P/E
24.4×
Dividend yield
0.00%
F-score
6/9
Altman Z
3.11
Beneish M
−1.85
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 28,460.00
Revenue ttm 9,604.00
Net income ttm 4,775.00
Free cash flow ttm 7,891.00
Net debt Q (7,828.00)
Valuation
P/E 8.23
Forward P/E 24.40
Price / sales 2.88
Forward P/S Powerpack
Price / FCF 3.51
Price / book 1.12
Financial health
Current ratio Q 1.33
Debt / equity Q 0.16 (at or below 0.5: strong)
Interest coverage Q (12.71)
Growth
Revenue growth Q +11.39% (above 0%: growing)
Operating income growth Q −137.70% (below 0%: shrinking)
EPS, this year −47.93% (below 0%: weak)
EPS, next year A +13.58%
Revenue, next year A +646.12% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −12.78% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 5.2×; over the ten years it ranged from 1.8× in 2026 to 11.5× in 2016.
P/E against its own 10 years 8.55%
10-year low 10-year high
P/S against its own 10 years 2.93%
10-year low 10-year high
P/B against its own 10 years 16.54%
10-year low 10-year high
EV/Sales against its own 10 years 2.42%
10-year low 10-year high
EV/FCF against its own 10 years 2.42%
10-year low 10-year high

Dividends

Yield
0.00%
Annual rate
0.00
Payout ratio
0.00%
  1. 0.30 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 8,695 10,900 11,219 11,719
Receivables 1,607 1,707 2,179 2,513
Inventory — — — —
Other 399 384 482 —
12,498 15,360 17,309 18,056
2023 2024 2025 Q'26
Payables 2,318 2,271 2,738 2,941
ST’ Debt 3,642 2,662 2,765 3,798
Other 2,074 2,860 3,115 6,869
10,199 10,139 11,177 13,608

Compound Annual Growth %

10y 5y 3y
Sales 18.16% 26.03% 45.34%
Cash Flow 15.90% 0.00% 75.64%
Earnings 28.53% 0.00% 184.87%
Book Value 9.63% 9.64% 14.60%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.98 Actual 1.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 1.15 3.87 Beat by 2.72
Dec 2025 0.72 0.71 Miss by 0.01
Mar 2026 0.85 0.83 Miss by 0.02
Jun 2026 0.98 1.07 Beat by 0.09
Sep 2026 1.18 — Reports 16 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.53 (0.57) — — —
’25 0.84 0.97 4.02 1.00 6.82
’24 0.88 0.77 1.42 0.36 3.39
’23 0.73 0.13 0.94 0.27 2.08
’22 (0.24) 0.01 0.06 0.45 0.31
’21 0.44 (0.16) (0.20) (0.20) (0.14)
’20 (1.27) (0.11) 0.38 0.16 (0.83)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,350 2,308 — — —
’25 1,907 2,072 2,576 2,370 8,925
’24 1,649 1,757 2,261 1,635 7,302
’23 1,339 1,552 1,883 1,495 6,269
’22 649 598 968 692 2,907
’21 628 912 831 771 3,142
’20 669 448 805 885 2,807
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 2,059 2,059
’24 338 — — 2,692 2,692
’23 — — — 3,098 3,098
’22 — — — 380 380
’21 — — — 388 388
’20 — — — (588) (588)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — 1,946 1,946
’24 321 — — 2,611 2,611
’23 — — — 3,013 3,013
’22 — — — 308 308
’22 — — — — 394
’21 — — — 299 299
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,769 4,116 4,504 5,122 2,807 3,142 2,907 6,269 7,302 8,925 9,604 +13.9% 66,591 72,620 79,965 +107.7%
Gross margin, % 75.40 82.53 79.57 79.32 77.98 77.05 77.50 81.75 81.27 80.58 80.05 +5.2 pt
EBT (254) 539 280 1,304 (188) (74) 385 1,504 2,330 5,557 4,419 n/m
EBT margin, % (9.15) 13.09 6.22 25.46 (6.70) (2.36) 13.24 23.99 31.91 62.26 46.01 +71.4 pt
Net income (236) 332 160 1,004 (501) (101) 201 1,409 2,360 4,775 4,775 n/m
Per share, $
Per share, $ Revenue 5.85 7.76 8.23 9.02 4.67 4.96 4.48 9.60 11.16 13.57 15.19 +9.8%
Earnings (0.44) 0.62 0.30 1.77 (0.83) (0.14) 0.31 2.14 3.58 7.24 5.32 n/m
Cash flow 1.60 2.05 1.89 1.86 (0.98) 0.61 0.59 4.75 4.12 3.13 0.00 +7.7%
Capex (0.21) (0.14) (0.19) (0.21) (0.13) (0.14) (0.11) (0.13) (0.12) (0.17) 0.00 (2.2%)
Free cash flow 1.39 1.91 1.71 1.65 (1.11) 0.47 0.48 4.62 3.99 2.96 0.00 +8.7%
Book value 22.98 25.06 23.58 26.74 25.91 27.33 25.27 26.54 29.90 37.50 37.45 +5.6%
Shares, m 473 530 547 568 601 634 648 653 654 658 649 +3.7%
Valuation, ×
Valuation, × P/E 0.00 78.08 77.31 18.43 0.00 0.00 123.07 16.74 19.16 9.93 8.23 34.3
P/S 7.65 5.94 3.29 3.72 7.22 4.97 7.96 3.71 6.15 5.30 2.88 5.6
P/B 1.79 1.84 1.15 1.25 1.30 0.90 1.41 1.34 2.30 1.92 1.12 1.5
EV/Sales 7.80 5.84 3.21 3.87 7.88 4.98 8.05 3.34 5.40 4.54 2.07 5.5
EV/FCF 91.54 25.85 6.25 5.87 13.09 14.88 27.14 7.12 6.32 5.14 2.52 20.3
Cash, $m
Cash, $m Operating cash flow 759 1,086 1,036 1,055 (588) 388 380 3,098 2,692 2,059 8,187 +11.7%
Capex (99) (76) (103) (120) (81) (89) (72) (85) (81) (113) (296) +1.5%
Free cash flow 660 1,011 933 935 (669) 299 308 3,013 2,611 1,946 7,891 +12.8%
Balance, $m
Balance, $m Working capital 2,249 2,623 1,542 (176) (55) (17) 28 2,299 5,221 6,132 4,448 +11.8%
Net debt 1,044 (397) (344) 753 1,862 31 264 (2,363) (5,480) (6,820) (7,828) n/m
Shareholders’ equity 10,877 13,291 12,905 15,183 15,566 17,333 16,386 17,325 19,555 24,663 23,679 +9.5%
Returns, %
Returns, % ROA (1.05) 1.44 0.62 3.61 (1.73) (0.29) 0.71 4.76 7.30 13.33 9.52 +14.4 pt
ROIC (1.18) 2.18 1.89 2.84 (0.78) (0.80) 0.06 6.66 8.63 7.91 6.10 +9.1 pt
ROE (1.99) 2.72 1.24 7.16 (3.23) (0.52) 1.22 8.29 12.68 21.54 0.00 +23.5 pt
People
People Employees 37,000 37,400 45,100 44,300 33,400 33,732 32,202 36,249 41,073 43,574 — +1.8%
Revenue/emp, $m 0.07 0.11 0.10 0.12 0.08 0.09 0.09 0.17 0.18 0.20 — +11.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Trip.com Group Limited Sponsored ADR vs peers in Travel Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BKNG Booking Holdings Inc. $125.5B 18.0× 14.1× −1.28% (below 0%: shrinking) +6.73% (above 0%: growing) −22.03% (below 0%: shrinking) 100.00% 38.43% Compare
ABNB Airbnb, Inc. $101.9B 31.5× 30.9× +18.90% (above 0%: growing) +42.67% (above 0%: growing) +11.21% (above 0%: growing) 86.63% 41.51% Compare
RCL Royal Caribbean Cruises Ltd. $86.3B 19.0× 17.4× +8.80% (above 0%: growing) +11.57% (above 0%: growing) +194.74% (above 0%: growing) 51.49% 33.45% Compare
CCL Carnival Corporation $39.8B 12.8× 13.1× +3.46% (above 0%: growing) 0.00% −3.26% (below 0%: shrinking) 45.13% 26.31% Compare
VIK Viking Holdings Ltd. $38.5B 28.6× 27.2× +16.49% (above 0%: growing) +33.33% (above 0%: growing) −75.64% (below 0%: shrinking) 45.50% 29.40% Compare
EXPE Expedia Group, Inc. $32.7B 15.6× 15.2× +11.92% (above 0%: growing) +10.70% (above 0%: growing) −103.94% (below 0%: shrinking) 91.51% 26.85% Compare
TCOM Trip.com Group Limited Sponsored ADR $28.5B 8.2× 24.4× +11.39% (above 0%: growing) n/m +531.82% (above 0%: growing) 79.81% (9.36%)
NCLH Norwegian Cruise Line Holdings Ltd. $8.2B 9.8× 11.1× +0.29% (above 0%: growing) +15.05% (above 0%: growing) +85.50% (above 0%: growing) 43.41% 21.19% Compare
MMYT MakeMyTrip Limited $4.8B 120× 123× +2.54% (above 0%: growing) n/m +3.81% (above 0%: growing) 82.57% 15.59% Compare
Median of peers $39.1B 18.5× 16.3× +6.13% +11.57% +0.28% 67.03% 28.13%

All 17 Travel Services stocks →

Trip.com Group Limited Sponsored ADR (TCOM) Latest News

28 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

27 Oct

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire

22 Oct

Impact 4 · · PR Newswire

20 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

12 Oct

Impact 4 · · PR Newswire
Impact 3 · · PR Newswire
Impact 3 · · CNW Group

9 Oct

Impact 3 · · Zacks

3 Oct

Impact 4 · · Simply Wall St.

2 Oct

Impact 3 · · Zacks

30 Sep

Impact 3 · · Zacks

25 Sep

Impact 3 · · Zacks

24 Sep

Impact 3 ·

20 Sep

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire
Impact 4 · · CNW Group
Impact 4 ·

17 Sep

Impact 4 · · Benzinga
Impact 4 ·
Impact 4 · · PR Newswire
Impact 4 · · PR Newswire

16 Sep

Impact 3 ·
Impact 3 · transcript

15 Sep

Impact 4 · · MarketBeat transcript
Impact 4 ·
Impact 3 ·

TCOM metrics, ten years each

stockrow.com/TCOM · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com