Trip.com Group (ADR) (TCOM)
Connects travelers with hotels, flights and travel services through four booking and search brands.
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Runs Ctrip and Qunar for mainland China, global booking platform Trip.com, and travel metasearch service Skyscanner. Revenue comes from booking commissions, transaction fees and travel services; China operations depend on regulated licenses and variable-interest-entity arrangements.
Runs four principal consumer brands: Ctrip and Qunar serve mainland China, Trip.com addresses global travelers, and Skyscanner provides global travel metasearch. The portfolio connects users with accommodation providers, airlines and other travel suppliers.
Earns commissions and transaction fees from accommodation reservations and transportation tickets, alongside packaged tours, corporate travel, ancillary services and advertising. Mobile booking, supplier connectivity and localized expansion across Asia-Pacific and other markets shape execution.
Operates much of its China business through subsidiaries and contractual arrangements with variable-interest entities. Travel-agency, telecommunications, insurance-agency and internet-service licensing remain operating dependencies, while a PRC antitrust investigation opened in 2026 remains unresolved. Demand and suppliers' ability to fulfill or refund bookings also depend on epidemics and other disruptions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | Macquarie | Upgrade | Target: $44.30 | Target: $52.20 |
| Sep 16, 2026 | Mizuho Securities | Target | Target: $81 | Target: $60 |
| Sep 3, 2026 | HSBC | Reiterate | Rating: —Target: $75 | Target: $48 |
| Jul 28, 2026 | Jefferies | Reiterate | Rating: —Target: $75 | Target: $63 |
| Jul 2, 2026 | China Renaissance | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $11.89B · Total debt $4.03B · Total assets $38.74B · Shareholders' equity $23.80B
- Revenue
- $2.34B
- Operating income
- −$218.6M
- Net income
- −$367.5M
Reported in CNY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 23.33% | 151.52M ADS | |
|---|---|---|---|
| 352 holders · as of Jun 30, 2026 | |||
| Insiders | 1.04% | 6.72M ADS | |
| 6 holders · as of Mar 18, 2026 | |||
| Other | 75.63% | 491.34M ADS | |
| remainder | |||
649.58M ADS as of Sep 20, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
T. Rowe Price Associates, Inc.Institution | 5.81% | 37.71M | filed Feb 14, 2022 |
Capital World InvestorsInstitution | 5.58% | 36.25M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 1.98% | 12.88M ADS | as of Jun 30, 2026 |
Sanders Capital, LLCInstitution | 1.63% | 10.56M ADS | as of Jun 30, 2026 |
Davis Selected AdvisersInstitution | 1.35% | 8.76M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Booking
Broad global OTA overlap across stays, flights, and metasearch
- Expedia Group
Global overlap in lodging, flights, packages, and metasearch
- Airbnb
Alternative-stay and in-destination experience overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trip.com Group (ADR) | $40.85 | +0.48% | $26.41B | 7.9 | 14.3 | 2.7 | +11.4% |
| Booking | $161.70 | −4.05% | $130.58B | 18.7 | 14.5 | 4.6 | +8.2% |
| Expedia Group | $265.85 | −5.40% | $32.18B | 17.5 | 11.8 | 2.0 | +14.0% |
| Airbnb | $163.59 | −1.95% | $99.02B | 38.1 | 28.5 | 7.5 | +16.5% |
| Median | 18.7 | 14.5 | 4.6 | +14.0% |