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

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings results 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 business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.77% and a net margin of 48.26%.The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior 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

Trip.com Group stock traded down $0.03 during trading hours on Friday, reaching $40.47. 3,794,437 shares of the stock were exchanged, compared to its average volume of 3,575,624. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50 day moving average is $49.57 and its 200 day moving average is $56.49. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99. The stock has a market cap of $26.29 billion, a P/E ratio of 6.33, a P/E/G ratio of 3.21 and a beta of -0.07.

Institutional Trading of Trip.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in TCOM. Voloridge Investment Management LLC acquired a new position in Trip.com Group during the third quarter worth about $48,273,000. Qube Research & Technologies Ltd grew its position in shares of Trip.com Group by 53.6% in the third quarter. Qube Research & Technologies Ltd now owns 531,387 shares of the company’s stock valued at $39,960,000 after purchasing an additional 185,535 shares during the last quarter. Norges Bank purchased a new position in shares of Trip.com Group during the 4th quarter worth approximately $11,856,000. Maytus Capital Management LLC raised its position in shares of Trip.com Group by 354.9% during the 2nd quarter. Maytus Capital Management LLC now owns 163,727 shares of the company’s stock worth $9,601,000 after purchasing an additional 127,738 shares during the last quarter. Finally, SIH Partners LLLP raised its holdings in shares of Trip.com Group by 47.8% in the third quarter. SIH Partners LLLP now owns 326,300 shares of the company’s stock worth $24,538,000 after acquiring an additional 105,456 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup lowered their price target on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark decreased their price target on Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen lowered their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Mizuho dropped their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $67.89.

Key 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

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.