Trip.com Group Ltd ADR (TCOM) financial statements

Consumer Cyclical · Travel Services · Market cap $22.9B

Trip.com Group Ltd ADR reported revenue of 62.5B CNY in fiscal 2025, up 13.6% a year over 9 years.

Net income was 33.3B CNY and the operating margin 25.2%, against -7.8% in 2016.

Free cash flow was 13.6B CNY, and the company returned 1.4B CNY in dividends and 4.4B CNY in net buybacks.

The diluted share count rose 48% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CNY).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/TCOM/financials">Trip.com Group Ltd ADR financials</a> on Investingly</p>

Income statement

Fiscal years, in CNY, from Trip.com Group Ltd ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	19.8B CNY	27.0B CNY	31.1B CNY	35.7B CNY	18.3B CNY	20.0B CNY	20.1B CNY	44.6B CNY	53.4B CNY	62.5B CNY
Cost of revenue	4.7B CNY	4.7B CNY	6.3B CNY	7.4B CNY	4.0B CNY	4.6B CNY	4.5B CNY	8.1B CNY	10.0B CNY	12.1B CNY
Gross profit	14.5B CNY	22.1B CNY	24.6B CNY	28.3B CNY	14.3B CNY	15.4B CNY	15.5B CNY	36.4B CNY	43.3B CNY	50.3B CNY
Research and development	7.7B CNY	8.3B CNY	9.6B CNY	10.7B CNY	7.7B CNY	9.0B CNY	8.3B CNY	12.1B CNY	13.1B CNY	15.1B CNY
Selling, general and admin	8.4B CNY	10.9B CNY	12.4B CNY	12.6B CNY	8.0B CNY	7.8B CNY	7.1B CNY	12.9B CNY	16.0B CNY	19.4B CNY
Operating income	-1.6B CNY	2.9B CNY	2.6B CNY	5.0B CNY	-1.4B CNY	-1.4B CNY	88M CNY	11.3B CNY	14.2B CNY	15.8B CNY
Interest expense	732M CNY	1.3B CNY	1.5B CNY	1.7B CNY	1.7B CNY	1.6B CNY	1.5B CNY	2.1B CNY	1.7B CNY	849M CNY
Pre-tax income	-1.7B CNY	3.5B CNY	1.9B CNY	9.1B CNY	-1.2B CNY	-471M CNY	2.6B CNY	10.7B CNY	17.0B CNY	38.8B CNY
Income tax	482M CNY	1.3B CNY	793M CNY	1.7B CNY	355M CNY	270M CNY	682M CNY	1.8B CNY	2.6B CNY	5.8B CNY
Net income	-1.4B CNY	2.2B CNY	1.1B CNY	7.0B CNY	-3.2B CNY	-550M CNY	1.4B CNY	9.9B CNY	17.1B CNY	33.3B CNY
Diluted shares	473M	574M	567M	642M	601M	634M	657M	671M	689M	698M
Gross margin	73.3%	81.9%	79.2%	79.2%	77.9%	77.0%	77.4%	81.7%	81.1%	80.4%
Operating margin	-7.8%	10.9%	8.4%	14.1%	-7.8%	-7.0%	0.4%	25.4%	26.6%	25.2%
Net margin	-7.2%	8.0%	3.6%	19.6%	-17.7%	-2.7%	7.0%	22.3%	32.0%	53.3%

Balance sheet

Fiscal years, in CNY, from Trip.com Group Ltd ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Cash and short-term investments	32.5B CNY	46.3B CNY	58.3B CNY	43.0B CNY	42.9B CNY	49.4B CNY	42.5B CNY	59.3B CNY	76.9B CNY	71.9B CNY
Receivables	4.6B CNY	4.7B CNY	5.7B CNY	7.7B CNY	4.1B CNY	4.6B CNY	5.5B CNY	11.4B CNY	12.5B CNY	15.2B CNY
Total current assets	45.9B CNY	59.4B CNY	79.4B CNY	68.0B CNY	58.0B CNY	66.1B CNY	61.4B CNY	88.7B CNY	112.1B CNY	121.0B CNY
Property, plant and equipment	5.6B CNY	5.6B CNY	5.9B CNY	6.1B CNY	5.8B CNY	5.5B CNY	5.2B CNY	5.1B CNY	5.1B CNY	5.4B CNY
Goodwill	56.0B CNY	56.2B CNY	58.0B CNY	58.3B CNY	59.4B CNY	59.4B CNY	59.3B CNY	59.4B CNY	60.9B CNY	62.3B CNY
Total assets	144.4B CNY	162.2B CNY	185.8B CNY	200.2B CNY	187.2B CNY	191.9B CNY	191.7B CNY	219.1B CNY	242.6B CNY	267.4B CNY
Total current liabilities	30.3B CNY	42.2B CNY	68.8B CNY	69.2B CNY	58.4B CNY	66.2B CNY	61.2B CNY	72.4B CNY	74.0B CNY	78.2B CNY
Long-term debt	34.7B CNY	29.2B CNY	24.1B CNY	19.5B CNY	22.7B CNY	11.1B CNY	13.2B CNY	19.1B CNY	20.1B CNY	11.4B CNY
Total liabilities	68.9B CNY	75.6B CNY	97.1B CNY	93.3B CNY	85.7B CNY	81.4B CNY	78.7B CNY	96.1B CNY	99.1B CNY	94.8B CNY
Shareholders' equity	71.5B CNY	84.8B CNY	86.7B CNY	103.4B CNY	100.4B CNY	109.7B CNY	112.3B CNY	122.2B CNY	141.8B CNY	170.8B CNY
Net debt	23.1B CNY	27.3B CNY	38.7B CNY	30.2B CNY	38.3B CNY	31.2B CNY	28.9B CNY	3.4B CNY	-8.9B CNY	-9.1B CNY

Cash flow

Fiscal years, in CNY, from Trip.com Group Ltd ADR's 10-K filings with the SEC.

Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	5.3B CNY	7.1B CNY	7.1B CNY	7.3B CNY	-3.8B CNY	2.5B CNY	2.6B CNY	22.0B CNY	19.6B CNY	14.4B CNY
Capital spending	683M CNY	471M CNY	673M CNY	823M CNY	532M CNY	570M CNY	497M CNY	606M CNY	591M CNY	797M CNY
Free cash flow	4.6B CNY	6.6B CNY	6.4B CNY	6.5B CNY	-4.4B CNY	1.9B CNY	2.1B CNY	21.4B CNY	19.0B CNY	13.6B CNY
Stock-based compensation	3.6B CNY	1.8B CNY	1.7B CNY	1.7B CNY	1.9B CNY	1.7B CNY	1.2B CNY	1.8B CNY	2.0B CNY	2.3B CNY
Dividends paid	—	—	—	—	—	—	—	—	—	1.4B CNY
Share buybacks (net)	—	—	—	—	—	—	—	-1.6B CNY	-2.2B CNY	-4.4B CNY
Net borrowing	2.5B CNY	8.3B CNY	14.7B CNY	2.1B CNY	18.2B CNY	5.6B CNY	4.9B CNY	11.9B CNY	44M CNY	22M CNY
Free cash flow margin	23.2%	24.4%	20.7%	18.2%	-23.8%	9.5%	10.7%	48.0%	35.7%	21.7%
Dividends per share	—	—	—	—	—	—	—	—	—	2.04 CNY

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Questions

What was Trip.com Group Ltd ADR's revenue in 2025?

62.5B CNY in fiscal 2025, from its 10-K filing.

How much free cash flow does Trip.com Group Ltd ADR generate?

13.6B CNY in fiscal 2025 (operating cash flow minus capital spending).

From Trip.com Group Ltd ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.