Trip.com Group Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	62,409	53,377	44,562	20,055	20,029
Revenue Growth (YoY)	16.92%	19.78%	122.20%	0.13%	9.29%
Cost of Revenue	12,122	9,990	8,121	4,513	4,598
Gross Profit	50,287	43,304	36,389	15,526	15,425
Selling, General & Admin	19,378	17,054	13,909	7,718	8,723
Research & Development	15,136	13,139	12,120	8,341	8,992
Total Operating Expenses	34,514	30,193	26,029	16,059	17,715
Operating Income	15,773	14,177	11,324	88	-1,411
Interest Income	2,956	5,169	3,162	1,460	2,228
Interest Expense	-849	-1,735	-2,067	-1,514	-1,565
Other Non-Operating Income (Expense)	21,321	2,220	-667	2,015	373
Total Non-Operating Income (Expense)	23,428	5,654	428	1,961	1,036
Pretax Income	39,201	19,831	11,752	2,049	-375
Provision for Income Taxes	5,815	2,604	1,750	682	270
Net Income	33,294	17,067	9,918	1,403	-550
Minority Interest in Earnings	92	160	84	-36	-95
Net Income to Common	33,294	17,067	9,918	1,403	-550
Net Income Growth	95.08%	72.08%	606.91%	-	-
Shares Outstanding (Basic)	658	654	653	648	634
Shares Outstanding (Diluted)	698	689	671	657	634
Shares Change (YoY)	1.41%	2.63%	2.13%	3.62%	5.53%
EPS (Basic)	50.62	26.10	15.19	2.17	-0.87
EPS (Diluted)	47.67	24.78	14.78	2.14	-0.87
EPS Growth	92.37%	67.66%	590.65%	-	-
Shares Outstanding	653.27	653.27	644.09	646.07	641.33
Free Cash Flow	0	19,034	21,398	2,144	1,905
Free Cash Flow Growth	-	-11.05%	898.04%	12.55%	-
Free Cash Flow Per Share	-	27.64	31.89	3.26	3.00
Dividends Per Share	-	2.190	-	-	-
Gross Margin	80.58%	81.13%	81.66%	77.42%	77.01%
Operating Margin	25.27%	26.56%	25.41%	0.44%	-7.04%
Profit Margin	53.50%	32.27%	22.45%	6.82%	-3.22%
FCF Margin	0.00%	35.66%	48.02%	10.69%	9.51%
EBITDA	15,773	15,028	12,141	963	-390
EBITDA Margin	25.27%	28.15%	27.25%	4.80%	-1.95%
EBIT	15,773	14,177	11,324	88	-1,411
EBIT Margin	25.27%	26.56%	25.41%	0.44%	-7.04%
Effective Tax Rate	14.83%	13.13%	14.89%	33.28%	-72.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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