Trip.com Group Ltd ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Trip.com Group Ltd ADR reported revenue of $62.5B (+17.1% year on year) and net income of $33.4B (+93.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $62.5B | $53.4B | $44.6B | $20.1B |
| Less: Sales tax and surcharges | ($101.0M) | ($83.0M) | ($52.0M) | ($16.0M) |
| Net revenues | $62.4B | $53.3B | $44.5B | $20.0B |
| Cost of revenues | ($12.1B) | ($10.0B) | ($8.1B) | ($4.5B) |
| Gross profit | $50.3B | $43.3B | $36.4B | $15.5B |
| Product development | ($15.1B) | ($13.1B) | ($12.1B) | ($8.3B) |
| Sales and marketing | ($14.9B) | ($11.9B) | ($9.2B) | ($4.3B) |
| General and administrative | ($4.5B) | ($4.1B) | ($3.7B) | ($2.8B) |
| Total operating expenses | ($34.5B) | ($29.1B) | ($25.1B) | ($15.4B) |
| Income from operations | $15.8B | $14.2B | $11.3B | $88.0M |
| Interest income | $2.6B | $2.3B | $2.1B | $2.0B |
| Interest expense | ($849.0M) | ($1.7B) | ($2.1B) | ($1.5B) |
| Other (expense)/ income | $21.3B | $2.2B | ($667.0M) | $2.0B |
| Income before income tax expense and equity in income of affiliates | $38.8B | $17.0B | $10.7B | $2.6B |
| Income tax expense | ($5.8B) | ($2.6B) | ($1.8B) | ($682.0M) |
| Equity in income of affiliates | $353.0M | $2.8B | $1.1B | ($586.0M) |
| Net income | $33.4B | $17.2B | $10.0B | $1.4B |
| Net income attributable to non-controlling interests and mezzanine classified non-controlling interests | ($67.0M) | ($160.0M) | ($84.0M) | $36.0M |
| Net income attributable to Trip.com Group Limited | $33.3B | $17.1B | $9.9B | $1.4B |
| Foreign currency translation | ($1.4B) | $417.0M | $77.0M | $78.0M |
| Unrealized securities holding losses, net of tax | ($122.0M) | ($70.0M) | ($817.0M) | ($1.1B) |
| Less: Reclassification adjustment for losses included in net income, net of tax | $290.0M | $622.0M | $108.0M | $884.0M |
| Total comprehensive income | $32.2B | $18.2B | $9.4B | $1.2B |
| Comprehensive income attributable to non-controlling interests and mezzanine classified non-controlling interests | ($67.0M) | ($160.0M) | ($84.0M) | $43.0M |
| Accretion to redemption value of redeemable non-controlling interests | ($25.0M) | — | — | $0 |
| Comprehensive income attributable to Trip.com Group Limited | $32.1B | $18.0B | $9.3B | $1.2B |
| - (Loss)/earnings per ordinary share/ADS, Basic (in RMB or dollars per share) | $101.24 | $52.20 | $30.38 | $4.34 |
| - Loss)/earnings per ordinary share/ADS, Diluted (in RMB or dollars per share) | $95.34 | $49.56 | $29.56 | $4.28 |
| — Basic shares | 657.8M | 654.0M | 652.9M | 648.4M |
| — Diluted shares | 698.4M | 688.7M | 671.1M | 657.1M |
| Share-based compensation | $2.3B | $2.0B | $1.8B | $1.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $39.8B | $48.4B | $41.6B | $17.0B |
| Restricted cash | $6.6B | $2.7B | $2.4B | $1.5B |
| Short-term investments | $32.0B | $28.5B | $17.7B | $25.5B |
| Accounts receivable, net (Allowance for credit losses of RMB190 million and RMB193 million as of December 31, 2024 and 2025, respectively) | $15.2B | $12.5B | $11.4B | $5.5B |
| Due from related parties (Allowance for credit losses of RMB72 million and RMB33 million as of December 31, 2024 and 2025, respectively) | $3.4B | $2.8B | $2.8B | — |
| Prepayments and other current assets (Allowance for credit losses of RMB360 million and RMB616 million as of December 31, 2024 and 2025, respectively) | $24.0B | $17.3B | $12.7B | $10.2B |
| Total current assets | $121.0B | $112.1B | $88.7B | $61.4B |
| Long-term prepayments and other assets | $600.0M | $454.0M | $663.0M | $545.0M |
| Land use rights | $151.0M | $77.0M | $80.0M | $83.0M |
| Property, equipment and software | $5.4B | $5.1B | $5.1B | $5.2B |
| Investments | $61.4B | $47.2B | $49.3B | $50.2B |
| Goodwill | $62.3B | $60.9B | $59.4B | $59.3B |
| Intangible assets | $12.9B | $12.8B | $12.6B | $12.7B |
| Right-of-use assets | $881.0M | $755.0M | $641.0M | $819.0M |
| Deferred tax assets | $2.8B | $3.3B | $2.6B | $1.3B |
| Total assets | $267.4B | $242.6B | $219.1B | $191.7B |
| Short-term debt and current portion of long-term debt | $19.3B | $19.4B | $25.9B | $32.7B |
| Accounts payable | $19.1B | $16.6B | $16.5B | $7.6B |
| Due to related parties | $344.0M | $397.0M | $303.0M | $156.0M |
| Salary and welfare payable | $5.9B | $5.3B | $5.3B | $3.9B |
| Taxes payable | $2.0B | $2.1B | $2.0B | $835.0M |
| Advances from customers | $18.2B | $18.0B | $13.4B | $8.3B |
| Accrued liability for rewards program | $3.3B | $2.5B | $1.0B | $396.0M |
| Other payables and accruals | $9.9B | $9.7B | $8.0B | $7.4B |
| Total current liabilities | $78.2B | $74.0B | $72.4B | $61.2B |
| Deferred tax liabilities | $3.9B | $4.1B | $3.8B | $3.5B |
| Long-term debt | $11.4B | $20.1B | $19.1B | $13.2B |
| Long-term lease liability | $585.0M | $561.0M | $477.0M | $534.0M |
| Other long-term liabilities | $654.0M | $296.0M | $319.0M | $235.0M |
| Total liabilities | $94.8B | $99.1B | $96.1B | $78.7B |
| Mezzanine equity | $131.0M | $743.0M | — | — |
| Share capital (US$0.00125 par value; 1,400,000,000 shares authorized, issued shares as of December 31, 2024 and 2025: 689,450,266 and 695,779,137; outstanding shares as of December 31, 2024 and 2025: 653,270,717 and 649,583,574) | 6.0M | 6.0M | 6.0M | 6.0M |
| Additional paid-in capital | $104.0B | $101.2B | $97.4B | $95.2B |
| Statutory reserves | $3.2B | $2.7B | $2.1B | $825.0M |
| Accumulated other comprehensive loss | ($2.7B) | ($1.4B) | ($2.4B) | ($1.8B) |
| Retained earnings | $76.6B | $45.3B | $28.8B | $20.1B |
| Less: Treasury stock | ($10.3B) | ($5.9B) | ($3.7B) | ($2.1B) |
| Total Trip.com Group Limited shareholders' equity | $170.8B | $141.8B | $122.2B | $112.3B |
| Non-controlling interests | $1.7B | $932.0M | $822.0M | $736.0M |
| Total shareholders' equity | $172.5B | $142.7B | $123.0B | $113.0B |
| Total liabilities, mezzanine equity and shareholders' equity | $267.4B | $242.6B | $219.1B | $191.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $33.4B | $17.2B | $10.0B | $1.4B |
| Share-based compensation | $2.3B | $2.0B | $1.8B | $1.2B |
| Amortization of debt issuance cost | $96.0M | $109.0M | — | — |
| Equity in income of affiliates | ($353.0M) | ($2.8B) | ($1.1B) | $586.0M |
| Loss/(Gain) from disposal of property, equipment and software | ($5.0M) | $12.0M | $25.0M | $24.0M |
| Gain from acquirement of business or disposal of long-term investments | ($15.4B) | ($12.0M) | — | — |
| Impairments of long-term investments | $35.0M | $122.0M | $115.0M | $949.0M |
| Changes in fair value for equity securities investment and exchangeable senior notes | ($4.0B) | ($1.1B) | $1.5B | ($1.3B) |
| (Gain)/Loss from foreign currency forwards | $256.0M | ($218.0M) | ($22.0M) | ($59.0M) |
| Gain from the fair value remeasurement upon the discontinuance of the available-for-sale debt investments | ($143.0M) | — | — | — |
| Tax on capital gain of disposal of an equity method investment | $2.1B | — | — | — |
| Allowance for credit losses | $477.0M | $330.0M | $79.0M | $296.0M |
| Depreciation of property, equipment and software | $647.0M | $655.0M | $627.0M | $632.0M |
| Amortization of intangible assets and land use rights | $198.0M | $196.0M | $190.0M | $243.0M |
| Amortization of right of use assets | $250.0M | $256.0M | $235.0M | $416.0M |
| Deferred income tax expenses/(benefits) | $289.0M | ($505.0M) | ($761.0M) | $295.0M |
| Increase in accounts receivable | ($2.4B) | ($1.1B) | ($6.0B) | ($701.0M) |
| (Increase)/Decrease in due from related parties | ($551.0M) | $33.0M | ($936.0M) | ($240.0M) |
| Increase in prepayments and other current assets | ($5.7B) | ($2.4B) | ($2.1B) | ($1.7B) |
| (Increase)/Decrease in long-term receivables | ($81.0M) | $188.0M | ($84.0M) | $7.0M |
| Increase/(Decrease) in accounts payable | $2.1B | ($203.0M) | $9.0B | $1.3B |
| Increase/(Decrease) in due to related parties | ($53.0M) | $94.0M | $147.0M | $18.0M |
| Increase/(Decrease) in salary and welfare payable | $600.0M | ($68.0M) | $1.4B | $24.0M |
| Increase/(Decrease) in taxes payable | ($91.0M) | $160.0M | $1.2B | ($228.0M) |
| Increase in advances from customers | $4.0M | $3.9B | $5.1B | $708.0M |
| Increase in accrued liability for rewards program | $810.0M | $1.4B | $648.0M | ($4.0M) |
| Increase/(Decrease) in other payables and accruals | ($420.0M) | $1.4B | $867.0M | ($34.0M) |
| Net cash provided by operating activities | $14.4B | $19.6B | $22.0B | $2.6B |
| Purchase of property, equipment and software | ($797.0M) | ($591.0M) | ($606.0M) | ($497.0M) |
| Disposal of property, equipment and software | $7.0M | — | — | — |
| Cash paid for long-term investments | ($22.1B) | ($6.8B) | ($9.2B) | ($12.3B) |
| Cash (paid)/received for business combinations, net of cash acquired | ($753.0M) | $1.2B | $0 | ($5.0M) |
| Cash received from disposal of short-term investments | $163.6B | $54.0B | — | — |
| Cash paid for short-term investments | ($175.7B) | ($63.2B) | — | — |
| Cash received from loans to the users | $9.1B | $6.7B | $24.5B | $5.5B |
| Cash paid for loans to the users | ($10.4B) | ($7.9B) | ($25.0B) | ($5.3B) |
| Net change in loans to the users with terms of less than three months | ($281.0M) | ($453.0M) | ($428.0M) | $217.0M |
| Cash received from disposal of long-term investments | $33.3B | $11.0B | $12.8B | $161.0M |
| Net cash provided by/(used in) investing activities | ($4.2B) | ($6.1B) | $5.9B | $1.1B |
| Proceeds from short-term bank loans | $34.4B | $31.8B | $34.6B | — |
| Repayment of short-term bank loans | ($36.3B) | ($35.0B) | ($40.8B) | — |
| Proceeds from long-term bank loans | $22.0M | $44.0M | $11.9B | $9.8B |
| Repayment of long-term loans, including current portion | ($8.6B) | ($14.9B) | ($7.7B) | ($10.4B) |
| Proceeds from exercise of share options | $493.0M | $1.7B | $399.0M | $179.0M |
| Cash paid for acquisition of additional equity interests of subsidiaries | ($218.0M) | ($198.0M) | ($264.0M) | ($116.0M) |
Trip.com Group Ltd ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.