Trip.com Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	51,976	48,668	41,042	17,513	17,499	16,385	Upgrade
Other Revenue	5,314	4,626	3,468	2,526	2,524	1,931	Upgrade
Revenue	57,290	53,294	44,510	20,039	20,023	18,316	Upgrade
Revenue Growth (YoY)	17.54%	19.73%	122.12%	0.08%	9.32%	-48.65%	Upgrade
Cost of Revenue	10,963	9,990	8,121	4,513	4,598	4,031	Upgrade
Gross Profit	46,327	43,304	36,389	15,526	15,425	14,285	Upgrade
Selling, General & Admin	17,293	15,988	12,945	7,097	7,844	8,041	Upgrade
Research & Development	14,062	13,139	12,120	8,341	8,992	7,667	Upgrade
Operating Expenses	31,355	29,127	25,065	15,438	16,836	15,708	Upgrade
Operating Income	14,972	14,177	11,324	88	-1,411	-1,423	Upgrade
Interest Expense	-1,273	-1,735	-2,067	-1,514	-1,565	-1,716	Upgrade
Interest & Investment Income	2,534	2,511	2,267	2,099	2,132	2,187	Upgrade
Earnings From Equity Investments	1,133	2,828	1,072	-586	96	-1,689	Upgrade
Currency Exchange Gain (Loss)	-12	-12	29	-69	1	-40	Upgrade
Other Non Operating Income (Expenses)	1,249	303	130	-134	25	194	Upgrade
EBT Excluding Unusual Items	18,603	18,072	12,755	-116	-722	-2,487	Upgrade
Gain (Loss) on Sale of Investments	1,697	968	-1,611	1,547	-203	-2,119	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	1,091	Upgrade
Other Unusual Items	791	791	608	618	550	601	Upgrade
Pretax Income	21,091	19,831	11,752	2,049	-375	-2,914	Upgrade
Income Tax Expense	2,883	2,604	1,750	682	270	355	Upgrade
Earnings From Continuing Operations	18,208	17,227	10,002	1,367	-645	-3,269	Upgrade
Minority Interest in Earnings	-163	-160	-84	36	95	22	Upgrade
Net Income	18,045	17,067	9,918	1,403	-550	-3,247	Upgrade
Net Income to Common	18,045	17,067	9,918	1,403	-550	-3,247	Upgrade
Net Income Growth	28.37%	72.08%	606.91%	-	-	-	Upgrade
Shares Outstanding (Basic)	657	654	653	648	634	601	Upgrade
Shares Outstanding (Diluted)	697	689	671	657	634	601	Upgrade
Shares Change (YoY)	2.92%	2.63%	2.13%	3.62%	5.53%	-6.40%	Upgrade
EPS (Basic)	27.45	26.09	15.19	2.16	-0.87	-5.40	Upgrade
EPS (Diluted)	25.90	24.78	14.78	2.14	-0.87	-5.40	Upgrade
EPS Growth	24.76%	67.67%	590.70%	-	-	-	Upgrade
Free Cash Flow	-	19,034	21,398	2,144	1,905	-4,355	Upgrade
Free Cash Flow Per Share	-	27.64	31.89	3.26	3.00	-7.25	Upgrade
Dividend Per Share	-	2.190	-	-	-	-	Upgrade
Gross Margin	80.86%	81.25%	81.75%	77.48%	77.04%	77.99%	Upgrade
Operating Margin	26.13%	26.60%	25.44%	0.44%	-7.05%	-7.77%	Upgrade
Profit Margin	31.50%	32.02%	22.28%	7.00%	-2.75%	-17.73%	Upgrade
Free Cash Flow Margin	-	35.72%	48.08%	10.70%	9.51%	-23.78%	Upgrade
EBITDA	15,826	15,025	12,138	960	-393	-209	Upgrade
EBITDA Margin	27.62%	28.19%	27.27%	4.79%	-1.96%	-1.14%	Upgrade
D&A For EBITDA	854	848	814	872	1,018	1,214	Upgrade
EBIT	14,972	14,177	11,324	88	-1,411	-1,423	Upgrade
EBIT Margin	26.13%	26.60%	25.44%	0.44%	-7.05%	-7.77%	Upgrade
Effective Tax Rate	13.67%	13.13%	14.89%	33.28%	-	-	Upgrade
Revenue as Reported	57,290	53,294	44,510	20,039	20,023	18,316	Upgrade
Advertising Expenses	-	7,000	5,300	2,100	2,400	1,900	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.