Trip.com Group Ltd (TCOM)
As-reported financials and SEC filings for Trip.com Group Ltd. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Trip.com Group Ltd
Trip.com Group Ltd operates a global online travel platform offering a wide range of travel products and services, including accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. The company serves both leisure and business travelers primarily in Asia and increasingly worldwide through its brands such as Ctrip, Qunar, Trip.com, and Skyscanner. It connects users with ecosystem partners like hotels, airlines, and car rental companies, providing personalized travel booking and support via online and offline channels.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Trip.com Group
- Revenue grew 22.2% to $8.9B in FY2025, faster than the 16.5% the year before.
- Operating margin turned positive at 25.3% in FY2025, from a 7.0% operating loss in FY2021.
- Free cash flow was $1.9B in FY2025, 21.8% of revenue.
- Net income rose 103.7% to $4.8B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Trip.com Group’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Trip.com Group’s net margin of 53.4% ranks in the 99th percentile of the 645 Industrials companies reporting it. Trip.com Group’s gross margin of 80.6% ranks in the 98th percentile of the 466 Industrials companies reporting it. Trip.com Group’s operating margin of 25.3% ranks in the 94th percentile of the 605 Industrials companies reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| D. E. Shawquant | Q2 2026 | $102.2M | 2.6M | Added |
| Two Sigma Investmentsquant | Q2 2026 | $77.7M | 2.0M | Reduced |
| Point72 Asset Managementquant | Q2 2026 | $24.1M | 603.8K | Reduced |
| Millennium Managementquant | Q2 2026 | $3.4M | 85.8K | Reduced |
| Dodge & Cox | Q2 2026 | $2.0M | 49.3K | Held |
| Citadel Advisorsquant | Q2 2026 | $807,119 | 20.3K | Reduced |
No longer held by: Renaissance Technologies (as of Q2 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 10.9M | -5.1% | 4.79 |
| 2026-07-31 | 11.5M | -15.0% | 3.25 |
| 2026-07-15 | 13.5M | +2.3% | 5.35 |
| 2026-06-30 | 13.2M | +1.0% | 2.59 |
| 2026-06-15 | 13.1M | -12.3% | 5.16 |
| 2026-05-29 | 14.9M | +4.4% | 4.25 |
| 2026-05-15 | 14.3M | -4.7% | 5.83 |
| 2026-04-30 | 15.0M | +24.2% | 5.18 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $8.93B | $7.30B | $6.27B | $2.91B | $3.14B |
| Gross profit | $7.19B | $5.93B | $5.13B | $2.25B | $2.42B |
| Operating income | $2.26B | $1.94B | $1.59B | $15.0M | $-221.0M |
| Net income | $4.76B | $2.34B | $1.40B | $206.0M | $-86.0M |
| Diluted EPS | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $5.70B | $6.64B | $5.86B | $2.46B | $3.11B |
| Current assets | $17.31B | $15.36B | $12.50B | $8.91B | $10.37B |
| Total assets | $38.24B | $33.23B | $30.86B | $27.79B | $30.11B |
| Current liabilities | $11.18B | $10.14B | $10.20B | $8.88B | $10.39B |
| Long-term debt | $1.63B | $2.76B | $2.69B | $1.91B | $1.74B |
| Total liabilities | $13.55B | $13.58B | $13.54B | $11.41B | $12.77B |
| Total equity | $24.66B | $19.55B | $17.32B | $16.39B | $17.33B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.06B | $2.69B | $3.10B | $380.0M | $388.0M |
| Capital expenditure | $114.0M | $81.0M | $85.0M | $72.0M | $89.0M |
| Free cash flow | $1.95B | $2.61B | $3.01B | $308.0M | $299.0M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Company facts
Selected SEC filings
Largest Industrials peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.