Quarterly ResultJun 25, 2026, 06:56 AM
Trip.com Q1 Net Revenue $2.4B, +17%; Q2 Outlook 3-8% Growth
AI Summary
Trip.com Group reported first-quarter 2026 financial results with total net revenues increasing 17% year-over-year to $2.4 billion, driven by robust international and inbound travel demand. However, net income decreased to $367 million from $625 million in the prior year period. The company anticipates a significant deceleration in Q2 2026, projecting net revenue growth of only 3%-8% year-over-year due to macro headwinds. Additionally, Trip.com Group is cooperating with an ongoing SAMR investigation into alleged monopolistic conduct.
Key Highlights
- Total net revenues increased 17% year-over-year to $2.4 billion (RMB16.2 billion) in Q1 2026.
- International business gross bookings grew approximately 65% year-over-year in Q1 2026.
- Inbound travel bookings surged approximately 90% year-over-year in Q1 2026.
- Net income for Q1 2026 was $367 million (RMB2.5 billion), down from $625 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $701 million (RMB4.8 billion), up from $616 million in Q1 2025.
- Diluted earnings per ADS was $0.53 (RMB3.67) for Q1 2026.
- Q2 2026 total net revenue growth is expected to decelerate to approximately 3%–8% year-over-year.
- The company is under investigation by SAMR for alleged monopolistic conduct.
Price Impact
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