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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. In the quarter to June 2026, revenue grew 11.4%, EPS fell 155.9%, free cash flow grew 531.8% and total debt fell 28.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

40.01 0.08 +0.20%
Market cap
$25.9B
P/E
7.7×
Fwd P/E
12.8×
Dividend yield
0.00%
F-score
6/9
Altman Z
3.11
Beneish M
−1.85
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 25,940.00
Revenue 9,604.00
Net Income 4,775.00
Free Cash Flow 7,891.00
Net Debt (7,828.00)
Current Ratio 1.33
Debt/Equity 0.16 (at or below 0.5: strong)
P/E ratio 7.72
Fwd P/E 12.80
P/S ratio 2.63
P/B ratio 1.03
Past 5Y EPS Growth —
This Y EPS Growth (48.28%) (below 0%: weak)
Next Y EPS Growth 13.71%
Next Y revenue growth 646.12% (at or above 10%: strong)
Next 5Y EPS Growth (12.93%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.8×, 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 4.97%
10-year low 10-year high
P/S against its own 10 years 1.14%
10-year low 10-year high
P/B against its own 10 years 9.21%
10-year low 10-year high
EV/Sales against its own 10 years 0.81%
10-year low 10-year high
EV/FCF against its own 10 years 0.81%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 1.93
0.30
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

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%

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.

EPS $

Mar Jun Sep Dec Year
’26 0.53 (0.57) — — —
’25 0.84 0.97 4.02 0.87 6.82
’24 0.88 0.77 1.42 0.42 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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 35.50 40.40 25.00 26.32 20.10 21.40 14.29 30.70 34.42 51.35

Analyst estimates 2026–2028

Powerpack
High 49.62 60.65 51.91 46.50 38.95 45.19 35.99 43.59 77.18 78.65
People
People Employees 37,000 37,400 45,100 44,300 33,400 33,732 32,202 36,249 41,073 43,574
Revenue/emp, $m 0.07 0.11 0.10 0.12 0.08 0.09 0.09 0.17 0.18 0.20
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
Gross margin, % 75.40 82.53 79.57 79.32 77.98 77.05 77.50 81.75 81.27 80.58
EBT (254) 539 280 1,304 (188) (74) 385 1,504 2,330 5,557
EBT margin, % (9.15) 13.09 6.22 25.46 (6.70) (2.36) 13.24 23.99 31.91 62.26
Net income (236) 332 160 1,004 (501) (101) 201 1,409 2,360 4,775
Depreciation 104 136 142 208 239 222 187 148 167 171
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
Earnings (0.44) 0.62 0.30 1.77 (0.83) (0.14) 0.31 2.14 3.58 7.24
Cash flow 1.60 2.05 1.89 1.86 (0.98) 0.61 0.59 4.75 4.12 3.13
Capex (0.21) (0.14) (0.19) (0.21) (0.13) (0.14) (0.11) (0.13) (0.12) (0.17)
Free cash flow 1.39 1.91 1.71 1.65 (1.11) 0.47 0.48 4.62 3.99 2.96
Book value 22.98 25.06 23.58 26.74 25.91 27.33 25.27 26.54 29.90 37.50
Shares, m 473 530 547 568 601 634 648 653 654 658
Valuation, ×
Valuation, × P/E 0.00 78.08 77.31 18.43 0.00 0.00 123.07 16.74 18.81 10.13
P/S 7.65 5.94 3.29 3.72 7.22 4.97 7.96 3.71 6.15 5.30
P/B 1.79 1.84 1.15 1.25 1.30 0.90 1.41 1.34 2.30 1.92
EV/Sales 7.80 5.84 3.21 3.87 7.88 4.98 8.05 3.34 5.40 4.54
EV/FCF 91.54 25.85 6.25 5.87 13.09 14.88 27.14 7.12 6.32 5.14
Cash, $m
Cash, $m Operating cash flow 759 1,086 1,036 1,055 (588) 388 380 3,098 2,692 2,059
Capex (99) (76) (103) (120) (81) (89) (72) (85) (81) (113)
Free cash flow 660 1,011 933 935 (669) 299 308 3,013 2,611 1,946
Balance, $m
Balance, $m Working capital 2,249 2,623 1,542 (176) (55) (17) 28 2,299 5,221 6,132
Total debt 5,983 6,999 8,750 7,189 8,641 7,997 6,648 6,332 5,420 4,399
Net debt 1,044 (397) (344) 753 1,862 31 264 (2,363) (5,480) (6,820)
Shareholders’ equity 10,877 13,291 12,905 15,183 15,566 17,333 16,386 17,325 19,555 24,663
Returns, %
Returns, % ROA (1.05) 1.44 0.62 3.61 (1.73) (0.29) 0.71 4.76 7.30 13.33
ROIC (1.18) 2.18 1.89 2.84 (0.78) (0.80) 0.06 6.66 8.63 7.91
ROE (1.99) 2.72 1.24 7.16 (3.23) (0.52) 1.22 8.29 12.68 21.54
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

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. $124.6B 18.0× 15.9× +8.15% (above 0%: growing) +130.57% (above 0%: growing) +16.13% (above 0%: growing) 100.00% 34.00% Compare
ABNB Airbnb, Inc. $104.4B 38.9× 26.3× +16.54% (above 0%: growing) +32.69% (above 0%: growing) +30.26% (above 0%: growing) 82.46% 21.01% Compare
RCL Royal Caribbean Cruises Ltd. $74.9B 17.1× 16.3× +6.48% (above 0%: growing) −5.39% (below 0%: shrinking) −196.37% (below 0%: shrinking) 47.29% 27.07% Compare
VIK Viking Holdings Ltd. $37.5B 27.5× 27.3× +16.49% (above 0%: growing) +33.33% (above 0%: growing) −75.64% (below 0%: shrinking) 45.50% 29.40% Compare
CCL Carnival Corporation $35.6B 11.2× 12.3× +3.46% (above 0%: growing) +0.06% (above 0%: growing) −3.26% (below 0%: shrinking) 45.13% 26.31% Compare
EXPE Expedia Group, Inc. $35.0B 17.3× 14.4× +13.97% (above 0%: growing) +179.69% (above 0%: growing) +38.87% (above 0%: growing) 90.66% 18.54% Compare
TCOM Trip.com Group Limited Sponsored ADR $25.9B 7.7× 12.8× +11.39% (above 0%: growing) n/m +531.82% (above 0%: growing) 79.81% (9.36%)
NCLH Norwegian Cruise Line Holdings Ltd. $7.1B 9.0× 12.6× +4.89% (above 0%: growing) +585.71% (above 0%: growing) −61.99% (below 0%: shrinking) 39.91% 13.76% Compare
MMYT MakeMyTrip Limited $4.4B 133× 82.6× +6.22% (above 0%: growing) −60.87% (below 0%: shrinking) −36.17% (below 0%: shrinking) 74.55% 15.30% Compare
Median of peers $36.5B 17.7× 16.1× +7.31% +33.01% −19.72% 60.92% 23.66%

All 18 Travel Services stocks →

Trip.com Group Limited Sponsored ADR (TCOM) key facts

  • Strength: 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.
  • Trip.com Group Limited Sponsored ADR (TCOM) is a Travel Services company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, TCOM traded at $40.01, a market capitalization of $25.9 billion.
  • Return on equity was 21.5% and debt-to-equity 0.16.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.11 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

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

9 Mar

Impact 5 ·
stockrow.com/TCOM · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com