YouTube · Q2 2026 · 2026-08-06
TCOM · NasdaqGS
Trip.com Group Limited
Travel Services · Singapore
USD 40.680.8% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$25.62B
- Trailing P/E
- 7.87x
- Forward P/E
- 9.91x
- Quarterly revenue growth
- 5.5%
- Trailing net margin
- 36.9%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally. It acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services. The company also provides travelers bundled packaged-tour products, such as group, semi-group, and customized and packaged tours with various transportation arrangements, including air, cruise, bus, and car rental services. In addition, it offers integrated transportation and accommodation services; ticket, activity, insurance, visa, and tour guide services; and user support, supplier management, and customer relationship management services; and in-destination products and services. Further, the company provides Trip.Biz, a digital first, full-service, corporate travel management business which provides technology-enabled solutions for organizations managing business travel. Additionally, it offers online advertising and financial services, such as marketing planning and travel media services; Omni-Channel Touchpoints for Users; and Open Platform for Ecosystem Partners. It operates under the Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner brand names. The company was formerly known as Ctrip.com International, Ltd. and changed its name to Trip.com Group Limited in October 2019. Trip.com Group Limited was founded in 1999 and is based in Singapore.
Company websiteQ1 2026
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Comparable businesses
TCOM peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | TCOMTrip.com Group LimitedSnapshot 2026-09-20Financial period: 2026-06-30 | EXPEExpedia Group, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | CCLCarnival Corporation Ltd.Snapshot 2026-09-20Financial period: 2026-05-31 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$25.62B | US$33.53B | US$29.91B | US$31.72Bn=2 |
| Forward P/EProvider forward earnings estimate | 9.91x | 11.42x | 8.39x | 9.90xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | — | 11.54x | 7.38x | 9.46xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 5.5% | 14.0% | 5.3% | 9.7%n=2 |
| Operating marginLatest reported quarter | -9.3% | 19.0% | 12.8% | 15.9%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | — | 10.2% | 6.3% | 8.3%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -4.60x | -0.50x | 3.28x | 1.39xn=2 |
| Debt / equityTotal debt / positive book equity | 0.17x | 2.30x | 2.02x | 2.16xn=2 |
| Trailing P/ETrailing twelve-month earnings | 7.87x | 17.57x | 9.84x | 13.70xn=2 |
| Price / bookPrice / positive book equity per share | 1.08x | 27.73x | 2.31x | 15.02xn=2 |
| EV / salesEnterprise value / trailing revenue | — | 2.12x | 1.97x | 2.05xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | — | 188.7% | -6.5% | 91.1%n=2 |
| Gross marginTrailing twelve months | 80.0% | 90.4% | 55.7% | 73.1%n=2 |
| Net marginTrailing twelve months | 36.9% | 13.0% | 11.2% | 12.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 15.6% | 89.5% | 26.7% | 58.1%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | — | 21.9% | 7.0% | 14.4%n=2 |
| Dividend yieldIndicated annual dividend / price | — | 0.7% | 2.1% | 1.4%n=2 |
| Earnings payoutProvider trailing dividend payout | 0.0% | 11.1% | 13.5% | 12.3%n=2 |
| Current ratioCurrent assets / current liabilities | 1.33x | 0.80x | 0.33x | 0.57xn=2 |
| BetaProvider historical market sensitivity | -0.05 | 1.25 | 2.31 | 1.78n=2 |
YouTube · Q2 2026 · 2026-08-06
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Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Revenue
Reported figures
Financial data & calculation notes
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Market context
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for TCOM
Q1 20262026-06-01
TCOM Stock: China OTA Giant Down 39% — Antitrust Trap or Travel Bargain? Q1 2026
Presentation · 2026-06-01 · YouTube