Trip.com Group (NASDAQ:TCOM) Releases Quarterly Earnings Results

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings data on Wednesday. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02), FiscalAI reports. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a return on equity of 17.77% and a net margin of 48.26%.The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share.

Here are the key takeaways from Trip.com Group’s conference call:

• Trip.com said Q1 2026 was a strong start to the year, with net revenue up 17% year over year to RMB 16.2 billion and adjusted EBITDA rising to RMB 4.8 billion.
• Inbound travel remained a major growth driver, with gross bookings up about 90% year over year and roughly 7 million inbound travelers served in Q1 alone as the company targets 200 million over five years.
• The company highlighted strong international momentum, saying international OTA gross bookings increased about 65% year over year, supported by APAC demand, broader global traffic, and stronger app engagement.
• Management emphasized that AI is becoming central to Trip.com’s strategy, both through its own AI tools and by opening its travel inventory and transaction infrastructure to third-party AI agents via APIs and related integrations.
• Q2 revenue growth is expected to slow to about 3% to 8% year over year as higher airfares, tighter airline capacity, geopolitical disruption, and compliance-related operating changes weigh on near-term trends.

Trip.com Group Stock Performance

TCOM traded up $0.03 on Friday, reaching $40.52. The company had a trading volume of 3,730,398 shares, compared to its average volume of 3,575,624. The stock has a market cap of $26.32 billion, a P/E ratio of 6.33, a P/E/G ratio of 3.21 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. Trip.com Group has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. The company’s fifty day moving average is $49.57 and its 200 day moving average is $56.49.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors have recently made changes to their positions in TCOM. Brown Brothers Harriman & Co. grew its position in shares of Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the last quarter. Finally, Arax Advisory Partners boosted its stake in Trip.com Group by 850.6% in the 4th quarter. Arax Advisory Partners now owns 1,559 shares of the company’s stock valued at $112,000 after purchasing an additional 1,395 shares during the period. Institutional investors own 35.41% of the company’s stock.

More Trip.com Group News

Here are the key news stories impacting Trip.com Group this week:

• Positive Sentiment: Trip.com reported first-quarter 2026 revenue growth of 17% year over year to RMB16.2 billion ($2.4 billion), helped by resilient travel demand and stronger inbound/international bookings. Trip.com Group Limited Reports Unaudited First Quarter of 2026 Financial Results
• Positive Sentiment: Despite trimming estimates, several Wall Street firms still kept bullish ratings: Barclays maintained “overweight,” Citigroup kept “buy,” and Mizuho kept “outperform,” suggesting analysts still see meaningful upside from current levels. Barclays and other analyst updates
• Neutral Sentiment: Analysts cut price targets across the board, including Barclays to $60 from $75, Citigroup to $64 from $82, Nomura to $51 from $71, and Mizuho to $65 from $79, reflecting a more conservative valuation view after the recent results. Citigroup adjusts price target on Trip.com
• Negative Sentiment: Trip.com guided second-quarter revenue to $2.1 billion-$2.2 billion, below the market’s expectation of about $2.5 billion, which raised concerns that growth may be normalizing faster than expected. Trip.com Group Limited Reports Unaudited First Quarter of 2026 Financial Results
• Negative Sentiment: The company missed first-quarter EPS estimates and commentary pointed to margin pressure as costs outpaced revenue, reinforcing investor worries about profitability trends. Trip.com Lags Q1 Earnings Estimates

Analyst Ratings Changes

TCOM has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Mizuho cut their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday. TD Cowen decreased their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Benchmark lowered their price objective on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Nomura dropped their target price on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.89.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.