| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 81 | 5.8x | 17.8x | Top tier | |
Growth | 91 | 16.8% | 7.1% | Top tier | |
Quality | 87 | 5.2% | 4.5% | Top tier | |
Safety | 83 | — | 2.6x | Top tier | |
Capital Return | 64 | 0.81% | 2.12% | Around median | |
Momentum | 4 | -35.5% | 2.9% | Bottom tier | |
Sentiment | 67 | 13 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Trip.com Group operates online travel booking platforms and generates revenue from accommodation reservations, transportation ticketing, tours, and corporate travel. In Q1 FY2026, gross bookings for its core online travel agency business reached approximately 300 billion yuan, while its globally available offerings included around 450 thousand hotels and 180 thousand local attraction products. The group supports this business with an integrated platform for hotels, flights, attractions, and transportation, as well as round-the-clock customer service in more than 30 languages.
In Q1 FY2026, net revenue increased 17% year over year to 16.2 billion yuan, and adjusted earnings before interest, taxes, depreciation, and amortization reached 4.8 billion yuan, compared with 4.2 billion yuan, equivalent to a margin of approximately 29.6%. Diluted earnings per ordinary share and depositary receipt were 3.67 yuan, or 0.53 dollars, and on a non-GAAP basis were 5.73 yuan, or 0.83 dollars. Accommodation reservations accounted for 6.5 billion yuan of revenue, transportation ticketing 6.1 billion yuan, tours 1.1 billion yuan, and corporate travel 690 million yuan.
In FY2025, revenue was 62.4 billion dollars, gross profit was 50.3 billion dollars, and net income was 33.3 billion dollars, compared with revenue of 53.3 billion dollars and net income of 17.1 billion dollars in FY2024. Based on these figures, the gross profit margin was approximately 80.6% and the net income margin was approximately 53.4% in FY2025. As of March 31, 2026, the group also held cash, investments, deposits, and financial products worth 104 billion yuan, or 15.1 billion dollars.
The analyst consensus is “Buy,” with an average price target of 55.77 dollars, a high target of 63 dollars, and a low target of 44.3 dollars. The average target is below the midpoint of the 52-week range of 38.04–78.99 dollars and is approximately 29% below its high, while the wide range of targets reflects differing estimates regarding the impact of slowing Q2 FY2026 growth and regulatory scrutiny versus the strength of international expansion. The data do not provide a valid price-to-earnings ratio, so the available valuation is based on the target range and the 52-week range rather than an earnings multiple.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Net revenue reached 16.2 billion yuan in Q1 FY2026, an increase of 17% year over year. Gross bookings on the international platform grew by approximately 65%, while inbound travel bookings increased by approximately 90%. Bookings for travel associated with entertainment events also rose 74%, and Old Friends Club hotel bookings increased by more than 100%.
Accommodation reservations generated revenue of 6.5 billion yuan in Q1 FY2026, with annual growth of 17%. Transportation ticketing revenue reached 6.1 billion yuan, growing 12%, while tours recorded 1.1 billion yuan, growing 19%. Corporate travel generated 690 million yuan, an increase of 20% year over year.
Trip.com served approximately 7 million inbound travelers in Q1 FY2026, after receiving approximately 20 million in the previous year. The group aims to serve 200 million inbound travelers within five years, benefiting from visa-free policies and improvements in payment methods and air connectivity. During the quarter, it worked with more than 110 thousand suppliers in services related to inbound travel, and approximately 14 thousand of them received their first international order through the platform.
Automated analysis for informational purposes only — not investment advice.
Trip.com integrated its core search with its AI-powered assistant, enabling users to enter complex requests in natural language or by voice and receive bookable results. It also uses automated tools to improve supplier content, including video, and accelerate customer service responses. The group makes its data, inventory, real-time pricing, and transaction execution capabilities available to external agents through APIs, MCP, and Skills, with the aim of participating in the journey even when planning begins on another platform.
Management expects net revenue growth of between 3% and 8% year over year in Q2 FY2026, compared with growth of 17% in the previous quarter. It attributed the slowdown to higher energy prices and airfares, constrained airline capacity, and disruption to some long-haul international routes. The outlook also includes the impact of product and operational adjustments related to new compliance standards, including potential pressure on some value-added train ticketing services.
The average analyst price target is 55.77 dollars, within a range of 44.3 to 63 dollars, and the recommendation consensus is “Buy.” This average is below the midpoint of the 52-week range of 38.04–78.99 dollars, making it more conservative than the high reached by the stock during that range. The valuation is supported by strong international growth and liquidity of 104 billion yuan as of March 31, 2026, while it is pressured by the slowing Q2 FY2026 outlook, ongoing regulatory scrutiny, and the absence of a price-to-earnings ratio in the data.
