Trip.com Group (NASDAQ:TCOM) Releases Earnings Results, Misses Estimates By $0.02 EPS

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

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 Trading Down 0.0%

Trip.com Group stock traded down $0.01 during mid-day trading on Friday, hitting $40.48. The stock had a trading volume of 3,601,593 shares, compared to its average volume of 3,573,336. The stock has a 50-day simple moving average of $49.57 and a two-hundred day simple moving average of $56.49. The stock has a market capitalization of $26.29 billion, a PE ratio of 6.33, a P/E/G ratio of 3.21 and a beta of -0.07. Trip.com Group has a 12 month low of $38.04 and a 12 month high of $78.99. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TCOM. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays cut their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup cut their target price on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday. Benchmark decreased their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Mizuho decreased their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $67.89.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. boosted its holdings in Trip.com Group by 11.6% during the fourth quarter. Compound Planning Inc. now owns 10,067 shares of the company’s stock worth $724,000 after buying an additional 1,045 shares during the last quarter. Vident Advisory LLC boosted its holdings in Trip.com Group by 13.9% during the fourth quarter. Vident Advisory LLC now owns 19,593 shares of the company’s stock worth $1,409,000 after buying an additional 2,393 shares during the last quarter. Wahed Invest LLC raised its stake in Trip.com Group by 6.8% during the 4th quarter. Wahed Invest LLC now owns 11,268 shares of the company’s stock worth $810,000 after buying an additional 720 shares during the period. Empowered Funds LLC acquired a new stake in Trip.com Group during the 4th quarter worth $239,000. Finally, XTX Topco Ltd raised its stake in Trip.com Group by 47.2% during the 4th quarter. XTX Topco Ltd now owns 27,365 shares of the company’s stock worth $1,968,000 after buying an additional 8,769 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group News Roundup

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

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.