Trip.com Group Cash Flow 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
Net Income	33,386	17,227	10,002	1,367	-645
Depreciation & Amortization	845	851	817	875	1,021
Stock-Based Compensation	2,270	2,042	1,834	1,188	1,681
Other Adjustments	-16,388	-3,816	95	11	241
Change in Receivables	-2,960	-1,112	-6,962	-941	-319
Changes in Accounts Payable	2,136	-203	8,977	1,309	1,513
Changes in Accrued Expenses	180	1,332	2,299	-10	-102
Changes in Income Taxes Payable	-91	160	1,203	-228	-149
Changes in Unearned Revenue	4	3,869	5,129	708	-69
Changes in Other Operating Activities	-5,003	-725	-1,390	-1,638	-697
Operating Cash Flow	14,379	19,625	22,004	2,641	2,475
Operating Cash Flow Growth	-26.73%	-10.81%	733.17%	6.71%	-
Capital Expenditures	-797	-591	-606	-497	-570
Sale of Property, Plant & Equipment	7	-	-	-	-
Purchases of Intangible Assets	-	-	-	-1	-1
Purchases of Investments	-208,257	-77,870	-41,485	-26,876	-11,527
Proceeds from Sale of Investments	205,900	71,645	48,438	28,298	5,811
Payments for Business Acquisitions	-	-	-	-	-42
Proceeds from Business Divestments	-753	1,217	0	-5	-
Other Investing Activities	-281	-453	-428	217	2,181
Investing Cash Flow	-4,181	-6,052	5,919	1,136	-4,148
Short-Term Debt Issued	34,410	31,775	34,562	23,294	28,653
Short-Term Debt Repaid	-36,285	-35,050	-40,756	-28,164	-23,053
Net Short-Term Debt Issued (Repaid)	-1,875	-3,275	-6,194	-4,870	5,600
Long-Term Debt Issued	3,162	13,329	12,883	9,808	767
Long-Term Debt Repaid	-10,406	-16,120	-7,754	-11,718	-10,418
Net Long-Term Debt Issued (Repaid)	-7,244	-2,791	5,129	-1,910	-9,651
Issuance of Common Stock	493	1,726	399	179	8,291
Repurchase of Common Stock	-4,396	-2,172	-1,617	-	-
Net Common Stock Issued (Repurchased)	-3,903	-446	-1,218	179	8,291
Common Dividends Paid	-1,423	-	-	-	-
Other Financing Activities	-218	-198	-264	-116	-321
Financing Cash Flow	-14,663	-6,710	-2,547	-6,717	3,919
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-177	247	120	231	-465
Net Cash Flow	-4,642	7,110	25,496	-2,709	1,781
Free Cash Flow	13,582	19,034	21,398	2,144	1,905
Free Cash Flow Growth	-28.64%	-11.05%	898.04%	12.55%	-
FCF Margin	21.76%	35.72%	48.07%	10.70%	9.51%
Free Cash Flow Per Share	19.45	27.64	31.89	3.26	3.00
Levered Free Cash Flow	21,449	15,694	25,282	-4,858	-3,654
Unlevered Free Cash Flow	10,686	16,699	25,898	584.22	-1,273

Updated Feb 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q