Trip.com Group Limited

NasdaqGS:TCOM 주식 리포트

시가총액: US$29.7b

Trip.com Group 향후 성장

Future 기준 점검 0/6

Trip.com Group 의 수익은 연간 14.8% 감소할 것으로 예상되는 반면, 연간 수익은 10.4% 로 증가할 것으로 예상됩니다. EPS는 연간 17.2% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.7% 로 예상됩니다.

핵심 정보

-14.8%

이익 성장률

-17.24%

EPS 성장률

Hospitality 이익 성장18.4%
매출 성장률10.4%
향후 자기자본이익률10.71%
애널리스트 커버리지

Good

마지막 업데이트08 Jun 2026

최근 향후 성장 업데이트

Recent updates

Seeking Alpha • Jun 04

Trip.com: Domestic Travel Strength And Global Expansion Remain On Track

Summary Trip.com controls an estimated 48% of China's online hotel booking market, positioning the company to benefit directly from the long-term growth of Chinese travel consumption. More than 80% of revenue remains linked to domestic travel demand, while recent Lunar New Year and APAC booking trends point to continued strength in the sector. International OTA bookings grew approximately 60% in 2025, significantly outpacing overall company growth. Trip.com holds approximately $6.7 billion of net cash, representing roughly 22% of its market capitalization, and continues to execute a $5 billion share repurchase program. At less than 12x earnings and high single-digitmedium-term EPS growth expected, the company offers attractive risk/reward amidmanageable AI and regulatory risks. Read the full article on Seeking Alpha
내러티브 업데이트 • Jun 03

TCOM: AI Expansion And Global Partnerships Should Support Future Overseas Demand

Analysts have inched their price target for Trip.com Group higher to about $77.06 from around $76.91, citing updated fair value estimates, a slightly revised discount rate, and a modest adjustment to expected future P/E levels. What's in the News Trip.com Group hosted its Envision 2026 Global Partner Conference, highlighting new artificial intelligence tools aimed at more personalized travel experiences in the Attractions & Tours segment.
내러티브 업데이트 • May 13

TCOM: Solid Q4 Execution And Reinvestment Should Support Future Overseas Demand

Trip.com Group’s updated analyst price target has been reset to $75, as analysts factor in slightly lower sector valuation multiples, recent Q4 revenue strength across segments, and some margin pressure from reinvestment. Analyst Commentary Recent Street research on Trip.com Group points to a mixed but generally constructive stance, with multiple firms trimming price targets while maintaining positive ratings on the stock.
내러티브 업데이트 • Apr 28

TCOM: Solid Q4 Execution And Conservative Guidance Will Support Future Overseas Demand

Trip.com Group's updated analyst price target has edged down by a small amount, aligning with a series of recent Street target cuts into a $68 to $79 range, as analysts factor in slightly adjusted revenue growth and margin assumptions while still highlighting solid Q4 execution and broadly constructive views on the shares. Analyst Commentary Recent Street commentary clusters around lower price targets for Trip.com Group but still generally positive views on execution and long term growth potential.
내러티브 업데이트 • Apr 11

TCOM: Q4 Execution And Regulatory Resolution Will Support Future Overseas Demand

Trip.com Group's fair value estimate edges up to $76.50 as analysts trim formal price targets into a $68 to $79 range, reflecting sector wide multiple compression, Q4 revenue that slightly topped expectations, and updated margin assumptions tied to reinvestment. Analyst Commentary Across the Street, analysts have reset their price targets for Trip.com Group into a tighter range while keeping largely positive ratings, pointing to a balance of solid execution and valuation caution.
내러티브 업데이트 • Mar 27

TCOM: Q4 Execution And Regulatory Resolution Will Support Long-Term Overseas Demand

The updated analyst price target for Trip.com Group has edged slightly lower to approximately $76.21. Analysts point to reduced industry multiples and some margin pressure, despite broadly solid Q4 revenue performance and generally supportive ratings.
내러티브 업데이트 • Mar 11

TCOM: Regulatory Probe Resolution Will Support Long-Term Overseas Travel Demand

The analyst price target for Trip.com Group has been reduced from $87.08 to $76.26, as analysts factor in slightly lower revenue growth and profit margin assumptions, a lower future P/E of 18.80 versus 21.60, and recent target cuts into the $68 to $79 range despite ongoing positive views on the business. Analyst Commentary Recent Street research on Trip.com Group reflects a mix of optimism on the core business and caution on valuation, margins, and regulatory headlines.
내러티브 업데이트 • Feb 24

TCOM: Regulatory Probe Resilience Will Support Long-Term Overseas Travel Strength

Analysts have made a small upward adjustment to their Trip.com Group price target to about $87, reflecting slightly lower discount rate and P/E assumptions, while factoring in recent regulatory probe commentary that suggests limited long term impact on the company’s industry position. Analyst Commentary Street research around the recent regulatory probe is split, with some focusing on valuation support and others on potential near term share price pressure and execution risk.
내러티브 업데이트 • Feb 10

TCOM: Overseas Travel Strength Will Offset Regulatory Probe Concerns

Analysts have slightly lowered their fair value estimate for Trip.com Group to about $86.91 from $87.05, reflecting a marginally higher discount rate and updated views on the recent regulatory probe, as well as earlier positive readings of Q3 performance and raised Q4 expectations. Analyst Commentary Bullish Takeaways Bullish analysts point to Q3 results that were described as solid, with hotel bookings during the summer holidays and October's Golden Week supporting the recent fair value work and helping underpin confidence in Trip.com Group's execution.
내러티브 업데이트 • Jan 27

TCOM: Overseas Travel Demand And Solid Q3 Execution Will Support Upside

Narrative Update: Trip.com Group Analyst Price Target Analysts have made only a marginal adjustment to their valuation framework for Trip.com Group, with a slightly lower fair value estimate of about US$87 per share. This reflects modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions that are informed by recent research highlighting solid Q3 results, a raised Q4 outlook and ongoing attention to the recent regulatory probe.
내러티브 업데이트 • Jan 12

TCOM: Overseas Holiday Demand Will Support Q4 Momentum And Earnings Upside

Narrative Update on Trip.com Group The analyst price target for Trip.com Group has been revised higher by about US$1, supported by Street research highlighting Q3 results that were better than expected and strong holiday driven travel demand carrying into Q4. Analyst Commentary Recent Street commentary on Trip.com Group has focused on the Q3 performance and the updated view for Q4, with price targets moving higher as analysts reassess the balance between growth, execution and valuation.
분석 기사 • Jan 04

The Market Doesn't Like What It Sees From Trip.com Group Limited's (NASDAQ:TCOM) Earnings Yet

With a price-to-earnings (or "P/E") ratio of 10.9x Trip.com Group Limited ( NASDAQ:TCOM ) may be sending bullish...
내러티브 업데이트 • Dec 14

TCOM: Overseas Holiday Demand Will Drive Q4 Momentum And Support Upside

Analysts have nudged their price target for Trip.com Group modestly higher to approximately $86 per share from about $85, citing stronger than expected Q3 performance and an improving Q4 outlook supported by resilient travel demand despite broader consumption headwinds. Analyst Commentary Analyst commentary around Trip.com Group remains largely constructive, with recent target hikes reflecting confidence in the company’s ability to execute on growth initiatives despite a softer macro consumption backdrop.
내러티브 업데이트 • Nov 27

TCOM: Overseas Travel Strength Will Drive Q4 Momentum And Profitability

The analyst price target for Trip.com Group has increased from $83.78 to $85.81. This change reflects continued confidence in the company's strong results and improved revenue outlook, as noted by analysts following its robust Q3 performance and resilient travel demand.
내러티브 업데이트 • Nov 11

TCOM: Revenue Momentum And Margins Will Be Driven By Inbound Travel

Trip.com Group's analyst price target has been slightly increased to $83.78 from $83.58. Analysts cite stronger-than-expected revenue and margin performance, along with robust volume growth overcoming pricing pressures.
분석 기사 • Nov 03

There's Been No Shortage Of Growth Recently For Trip.com Group's (NASDAQ:TCOM) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
내러티브 업데이트 • Oct 28

International Tourism Momentum Will Lift Asia-Pacific Travel Sector Through 2025

Trip.com Group's analyst price target has been nudged slightly higher to $83.58 per share from $83.54. Analysts point to stronger-than-expected Q2 results and incremental growth in inbound travel as supporting factors for the modest upward revision.
내러티브 업데이트 • Oct 05

Expanding Asia-Pacific Market Will Drive International Tourism

Analysts have raised their price target for Trip.com Group, increasing it from about $82.70 to $83.54. They cite stronger-than-expected revenue growth and improving profit margins in the latest quarter.
내러티브 업데이트 • Aug 29

Promoting Inbound Travel And Rural Revitalization In China Will Support Sustainable Long-Term Growth

The consensus Analyst Price Target for Trip.com Group has risen to $79.15, primarily reflecting a sharp decline in the company’s future P/E ratio, while revenue growth expectations remain stable. What's in the News Completed repurchase of 7,000,000 shares (1.06%) for $400 million under the buyback announced in February 2025.
분석 기사 • Aug 20

Earnings Not Telling The Story For Trip.com Group Limited (NASDAQ:TCOM)

NasdaqGS:TCOM 1 Year Share Price vs Fair Value Explore Trip.com Group's Fair Values from the Community and select yours...
분석 기사 • Jul 31

With EPS Growth And More, Trip.com Group (NASDAQ:TCOM) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
분석 기사 • Jul 16

We Think Trip.com Group (NASDAQ:TCOM) Can Manage Its Debt With Ease

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Jun 24

Investors Will Want Trip.com Group's (NASDAQ:TCOM) Growth In ROCE To Persist

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Seeking Alpha • Feb 27

Trip.com: Navigating Global Expansion Amid Domestic Headwinds

Summary Trip.com reported strong Q4 results, with revenue growth of 23% y/y, but margins fell short due to international market investments. US shares dipped, but Hong Kong shares rose; recommend buying on the dip due to promising international expansion and reasonable margin traction. Valued at 15x forward EBITDA, implying $79/share and a 37% upside; investment in Trip.com app crucial for diversifying revenue streams. Risks include reliance on China's domestic tourism and potential increased spending on global expansion, possibly leading to multiple contraction. Read the full article on Seeking Alpha
Seeking Alpha • Jan 23

Trip.com Group Stock: Growth Momentum Remains Strong

Summary Trip.com Group Limited's growth has remained strong, with Q3 earnings beating Wall Street's expectations through rapid growth and operating leverage. Growth prospects remain good with continued normalization in Chinese tourism and fairly good economic growth. TCOM stock remains valued with a fair margin of safety, as I estimate 13% upside to a fair value of $76. Read the full article on Seeking Alpha
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새로운 내러티브 • Nov 24

China's Resilient Travel Market Spurs Revenue Growth And Global Expansion Excitement

Resilient domestic and cross-border travel, combined with personalized experiences, will enhance Trip.com's revenue growth and potentially improve margins.
Seeking Alpha • Nov 19

Trip.com: Beyond Its Recovery Story Of 2024

Summary Trip.com has a strong balance sheet with significant cash reserves, but its volatile revenue growth rates and reliance on China's economy are concerning. Despite a 65% stock increase in 2024, the unpredictable growth rates and limited financial transparency under IFRS reporting make me cautious. The stock is priced at 16x EBITDA, which is somewhat appealing, but the risk-reward profile doesn't align with my Inflection investing strategy. Given the uncertainties, I prefer to stay neutral and avoid taking a position on TCOM at this time. Read the full article on Seeking Alpha
Seeking Alpha • Oct 30

Trip.com: Chinese Travel Trends Suggest Continued Growth

Summary Trip.com Group Limited is well-positioned to capture growth from the growing Chinese travel industry. The COVID-19 pandemic caused a massive decline in especially TCOM's 2020–2022 revenues, but the following tourism recovery has led to recently incredibly strong growth momentum, looking to strengthen TCOM's Q3. TCOM stock is valued with a slight undervaluation, still falling within a margin of safety, as the industry also has cheaper alternative investments. Read the full article on Seeking Alpha
Seeking Alpha • Aug 27

Trip.com: The Hottest Consumer Market In China

Summary Trip.com is a leading online travel agent in China, controlling 50% of the market, with strong growth prospects due to eased travel restrictions and increasing international flight capacity. The company trades at 14X forward earnings, lower than international peers, but corporate governance issues and a lack of shareholder returns are significant concerns. Despite generating strong cash flow, TCOM has not paid dividends and has engaged in limited share buybacks, raising red flags about capital allocation. We recommend holding off on buying Trip.com stock until a more shareholder-friendly capital allocation policy is adopted. Read the full article on Seeking Alpha
Seeking Alpha • Jul 24

Trip.com: Arriving At Buy Territory

Summary Trip.com offers exposure to the Chinese recovery with decent revenue growth and margin expansion due to economic recovery and diversified revenue streams. Despite share dilution, TCOM's business model, network effect, and potential outbound travel recovery make it a compelling investment option if you tolerate the Chinese stock risks. Expectations for TCOM include margin expansion, capitalizing on outbound travel recovery, revenue growth stabilization, and continued share dilution. Read the full article on Seeking Alpha
Seeking Alpha • May 21

Trip.com: Still A Buy With Above-Expectations Q1 Earnings

Summary Trip.com Group's normalized net profit rose by +96.4% YoY to RMB4,055 million in Q1 2024 as a result of strong top-line growth and good cost management. TCOM's short-to-medium term prospects are healthy, taking into account the expected outbound travel recovery and the growth potential of its international OTA business. I leave my existing Buy rating for Trip.com Group unchanged, after assessing its recent quarterly financial performance and its growth outlook. Read the full article on Seeking Alpha
Seeking Alpha • Mar 06

Trip.com: Untangling Rebound Momentum From Rich Valuation

Summary TCOM is a leading online travel agency with a large inventory, global reach, and a user-friendly mobile app. Share performance has been strong, with a 16% 1-year return. Valuation remains rich, but better entry point could make the stock attractive. Fundamentals are fine overall, with decent revenue growth, improved profitability, and liquidity and debt management. Read the full article on Seeking Alpha

이익 및 매출 성장 예측

NasdaqGS:TCOM - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/202889,43623,05822,82025,73616
12/31/202779,67020,86219,97624,18730
12/31/202670,85818,45518,65525,71531
12/31/202562,40933,29413,58214,379N/A
9/30/202559,75531,170N/AN/AN/A
6/30/202557,29018,045N/AN/AN/A
3/31/202555,21917,032N/AN/AN/A
12/31/202453,29417,06719,03419,625N/A
9/30/202450,87516,207N/AN/AN/A
6/30/202448,74214,057N/AN/AN/A
3/31/202447,21710,85520,66521,282N/A
12/31/202344,5109,91821,39822,004N/A
9/30/202339,21210,678N/AN/AN/A
6/30/202332,3646,329N/AN/AN/A
3/31/202325,1285,767N/AN/AN/A
12/31/202220,0391,4032,1432,641N/A
9/30/202219,693-1,488N/AN/AN/A
6/30/202218,145-2,603N/AN/AN/A
3/31/202220,024-3,319N/AN/AN/A
12/31/202120,023-5501,9042,475N/A
9/30/202120,3061,288N/AN/AN/A
6/30/202120,4243,715N/AN/AN/A
3/31/202117,6933,886N/AN/AN/A
12/31/202018,316-3,247-4,355-3,823N/A
9/30/202021,687-2,243N/AN/AN/A
6/30/202026,701-3,028N/AN/AN/A
3/31/202032,233-2,955N/AN/AN/A
12/31/201935,6667,0116,4997,333N/A
9/30/201934,8913,813N/AN/AN/A
6/30/201933,7701,881N/A8,649N/A
3/31/201932,3984,665N/AN/AN/A
12/31/201830,9651,112N/A7,115N/A
9/30/201829,5812,654N/AN/AN/A
6/30/201828,3455,187N/AN/AN/A
3/31/201827,4823,163N/AN/AN/A
12/31/201726,7962,155N/A7,069N/A
9/30/201725,6872,449N/AN/AN/A
6/30/201723,1401,079N/AN/AN/A
3/31/201721,095200N/AN/AN/A
12/31/201619,245-1,418N/A5,270N/A
9/30/201617,035-2,000N/AN/AN/A
6/30/201614,645391N/A1,472N/A
3/31/201612,7611,055N/AN/AN/A
12/31/201510,8982,508N/A3,049N/A
9/30/20159,9372,208N/A1,498N/A
6/30/20158,8859N/AN/AN/A

애널리스트 향후 성장 전망

수입 대 저축률: TCOM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -14.8%).

수익 vs 시장: TCOM 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -14.8%).

고성장 수익: TCOM 의 수익은 향후 3년간 감소할 것으로 예상됩니다.

수익 대 시장: TCOM 의 수익(연간 10.4%)이 US 시장(연간 11.9%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: TCOM 의 수익(연간 10.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: TCOM의 자본 수익률은 3년 후 10.7%로 낮을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/09 10:21
종가2026/06/09 00:00
수익2025/12/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
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시장 가격30년
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지분 구조10년
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산업 및 섹터 지표

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분석가 소스

Trip.com Group Limited는 69명의 분석가가 다루고 있습니다. 이 중 31명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

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