NASDAQ$TCOM

Trip.com Group Ltd-ADR · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Trip.com posted strong Q2 2025 results, fueled by record international travel activity and seasonal demand boosts.

Trip.com delivered $2.07B in revenue and $681M in net income in Q2 2025. Outbound travel and international bookings surged past pre-pandemic levels, supporting continued top- and bottom-line expansion.

  • Revenue reached $2.07B, a 16% increase YoY.
  • Net income totaled $681M with adjusted EPS of $1.01.
  • Accommodation revenue led with $869M.
  • International OTA bookings grew over 60% YoY.

Headline financials

Total Revenue

$2.07B

Previous: $1.76B+17.5%
EPS (adj)

$1.01

Previous: $1.00+1.0%
Adjusted EBITDA

$680M

No prior period
Operating Margin

27.6%

No prior period
Net Income

$681M

Previous: $529M+28.7%
Operating Income

$573M

Previous: $491M+16.7%
Gross Profit

$1.68B

Previous: $1.44B+16.3%

Revenue & EPS history

Trip.com · Revenue · Quarterly

$2.07B

Q2 2025+17.5%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Trip.com · $16.7B total across 4 segments · Q3 2025

  • Accommodation reservation
    $8B
  • Transportation ticketing
    $6.3B
  • Packaged tours
    $1.6B
  • Corporate travel
    $756M

Forward guidance

Trip.com expects sustained growth on the back of strong international travel trends, strategic expansion, and product innovation.

Tailwinds

  • Outbound hotel and air bookings surpassed pre-COVID levels.
  • Over 60% YoY growth in international OTA platform reservations.
  • Strong demand during holiday periods.
  • Enhanced local experience offerings for global travelers.
  • Repurchase program of up to $5B signaling confidence in long-term value.

Headwinds

  • YoY increases in R&D and marketing expenses.
  • Higher income tax burden compared to previous quarters.
  • Flat QoQ revenue in transportation segment.
  • Ongoing exposure to global economic uncertainty.
  • Seasonal dependence on holiday travel demand.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.3%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+27.1%

Q1 2013

Best reaction

-19.6%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-2.7%+0.9%
Q3 2025+0.3%+6.6%+2.5%
Q2 2025+14.8%+9.6%+16.3%
Q1 2025-5.5%-7.1%-15.7%
Q4 2024-11.4%-12.3%+0.8%
Q3 2024+5.5%+7.0%+20.2%
Q2 2024+9.0%+11.8%+21.1%
Q1 2024-1.8%-7.5%-12.4%
Q4 2023+7.8%+10.8%+8.6%
Q3 2023-7.5%-0.3%-5.0%
Q2 2023-5.3%-11.1%-18.0%
Q1 2023+2.9%+4.8%-1.5%
Q4 2022-3.1%-6.8%-5.1%
Q3 2022+3.9%+3.6%+12.6%
Q2 2022-4.1%+2.5%-10.3%
Q1 2022+15.1%+17.5%+12.3%
Q4 2021+1.3%-3.0%-9.8%
Q3 2021-10.2%-13.0%-5.1%
Q2 2021+0.5%+3.8%+5.3%
Q1 2021+5.4%+2.2%-4.3%
Q4 2020-1.8%-1.5%+0.9%
Q3 2020-1.3%+4.4%+0.4%
Q2 2020+9.0%+13.1%+12.9%
Q1 2020+2.9%+3.2%+0.7%
Q4 2019-0.2%-4.4%+3.2%
Q3 2019-7.3%-6.9%+0.0%
Q2 2019-2.2%+3.1%-16.9%
Q1 2019-3.8%-7.2%-4.9%
Q4 2018+22.0%+18.8%+31.3%
Q3 2018-16.9%-23.9%-14.9%
Q2 2018+1.4%-4.2%-8.0%
Q4 2017-2.1%-0.2%-10.0%
Q3 2017-3.0%-4.1%-3.3%
Q2 2017-1.4%-2.9%+1.1%
Q4 2016+2.6%+2.6%+4.5%
Q3 2016+7.5%+6.9%-4.5%
Q2 2016+3.4%+1.2%-1.6%
Q1 2016-0.7%-2.4%+7.4%
Q4 2015+3.8%
Q3 2015+18.7%
Q2 2015+9.8%
Q1 2015+9.2%
Q4 2014+24.6%
Q3 2014-9.2%
Q2 2014-1.3%
Q1 2014-6.4%
Q4 2013+10.5%
Q3 2013-8.6%
Q2 2013+19.8%
Q1 2013+27.1%
Q4 2012+2.3%
Q3 2012+0.7%
Q2 2012+0.7%
Q1 2012+0.5%
Q4 2011+2.2%
Q3 2011-19.6%
Q2 2011-11.9%
Q1 2011-6.6%
Q4 2009+2.0%
Q4 2010+2.0%
Q4 2008+2.0%
Q3 2010-8.5%
Q2 2010-6.8%
Q1 2010+11.1%
Q3 2009
Q2 2009
Q1 2009
Q3 2008
Q1 2008
Q3 2007
Q4 2007

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