Trip.com Group Ltd - ADR

Trip.com Group Ltd - ADR

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Market Cap$25.75B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Trip.com Group Ltd - ADRTrip.com Group Ltd - ADR5.5-19%0.40.3

Earnings Call Q1 2026

June 24, 2026 - AI Summary

Strong Q1 growth, led by inbound; solid profitability - Gross bookings (core OTA): ~RMB 300bn; Group net revenue: ~RMB 16.2bn (+17% YoY). - Inbound travel momentum: inbound gross bookings +~90% YoY; company already served ~7m inbound travelers in Q1, versus ~20m inbound travelers in 2025. - International OTA growth: international gross bookings +~65% YoY; Europe + U.S. now ~25% of inbound traffic (Asia remains largest source). - Adjusted EBITDA: ~RMB 4.8bn (vs ~RMB 4.2bn in Q1’25). EPS (diluted, GAAP): RMB 3.67 / ADS $0.53; Non-GAAP EPS: RMB 5.73 / ADS $0.83. - What’s good: clear evidence of inbound and international scaling plus margin/earnings improvement (EBITDA up).
Management’s 2026 outlook: growth moderates; Q2 guidance +3% to +8% YoY - Q2 net revenue growth guidance: ~+3% to +8% YoY. - Why moderation vs Q1: Q1 was exceptionally strong; growth trends are easing. - Key headwinds cited for near term: higher energy prices + geopolitical tensions → higher airfares, tighter airline capacity, and disruptions, especially long-haul, changing booking patterns. - Operational/compliance adjustments also weigh short term, though framed as constructive for long-term platform quality.
AI strategy positioned as “fulfillment + infrastructure,” not just recommendations - Company argues AI agents will increasingly shift from “information” to “fulfillment”, which favors OTAs with real-time inventory, verified supply, pricing, and transaction/service infrastructure. - Concrete product direction: - Integrated AI assistant with core search enabling natural language/voice-based, complex multi-variable requests returning instantly bookable results. - Expanding AI efficiency internally (e.g., customer service automation, supplier content quality) and opening platform via Skills / MCP / AI-native integrations. - Modularization of capabilities into AI-ready services so agents can complete end-to-end travel journeys. - Surprising/interesting: management explicitly wants Trip.com to become trusted infrastructure for third-party AI agents—a potential new demand channel rather than only app-based traffic.

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$52.15

Target Price by Analysts

27.2% upsideTrip.com Group Target Price DetailsTarget Price
$116.93

Current Fair Value

185.2% upside

Undervalued by 185.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.75 Billion
Enterprise Value$18.94 Billion
Dividend Yield$0.30 (-)
Earnings per Share$49.23
Beta-0.06
Outstanding Shares648,991,284

Return

Return on Equity19.11%ROE
Return on Assets11.99%
Return on Invested Capital19.46%

Valuation & Multiples

P/E Ratio5.5P/E Ratio
PEG-13.12PEG
Price to Sales0.41Price to Sales
Price to Book Ratio0.16Price to Book Ratio
Enterprise Value to Revenue0.29
Enterprise Value to EBIT0.53
Enterprise Value to Net Income0
Total Debt to Enterprise2.65
Debt to Equity0.3Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 24, 2026
EPS Estimate
$0.85
Average shareholder expectation
Revenue Estimate
$2.30 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 26, 2026
EPS Estimate
$0.89
Average shareholder expectation
Revenue Estimate
$2.30 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.5296▲ 61.05%
Total Calls2,036,997▼ 1.53%
Total Puts3,115,705▲ 63.89%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %22.75%▼ 1.30%
Total Invested$7.44B▼ 34.28%
Investors Holding377▼ 34.00%

ESG Score

No data

About Trip.com Group Ltd

CEO: Jie Sun

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the technical analysis and revenue estimates for tax legislation, directly influencing corporate tax structures and the overall tax burden on global companies like Trip.com Group Ltd.

Finance

This committee's control over taxation and trade directly impacts Trip.com Group Ltd's corporate tax burden, international operational costs, and the broader economic environment for global travel.

Judiciary

This committee's oversight of antitrust laws and intellectual property is highly relevant to Trip.com Group Ltd, impacting its competitive landscape within the travel industry and protection of its technological assets.

Select Committee on Intelligence

Information on global threats, travel warnings, and cybersecurity directly impacts travel safety and consumer confidence, which are crucial for Trip.com Group Ltd's international travel business.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, consumer protection (FTC), aviation (FAA), and telecommunications, all of which directly impact the operational and regulatory environment for an online travel platform like Trip.com Group Ltd.

Foreign Relations

As a global travel services provider, Trip.com Group Ltd is directly impacted by U.S. foreign policy, international treaties, travel advisories, and sanctions, all of which fall under this committee's purview.