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Trip.com Group (TCOM) investor relations material
Trip.com Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary18 Nov, 2025
Executive summary
Net revenue in Q3 2025 rose 16% year-over-year to RMB 18.3 billion, driven by robust travel demand across domestic and international markets, with strong performance during peak travel seasons and holidays.
Outbound hotel and air bookings grew nearly 20% year-over-year, reaching about 140% of 2019 volumes, with Japan, South Korea, and Southeast Asia as top destinations.
Inbound travel bookings surged over 100% year-over-year, supported by expanded visa-free policies and new immersive experiences for international visitors.
Net income surged to RMB 19.9 billion, mainly due to a partial disposal of certain investments.
Mobile bookings accounted for over 70% of total bookings, with significant growth among affluent seniors and younger travelers.
Financial highlights
Q3 2025 net revenue was RMB 18.3 billion, up 16% year-over-year and 24% sequentially.
Accommodation reservation revenue reached RMB 8.0 billion, up 18% year-over-year and 29% quarter-over-quarter.
Transportation ticketing revenue was RMB 6.3 billion, up 12% year-over-year and 17% sequentially.
Package tour revenue was RMB 1.6 billion, up 3% year-over-year and 49% sequentially.
Adjusted EBITDA was RMB 6.3 billion, compared to RMB 5.7 billion last year and RMB 4.9 billion last quarter.
Outlook and guidance
Management remains confident in continued business strength and future opportunities, focusing on sustainable growth and long-term value creation.
Positive outlook for 2026, with plans to invest globally, especially in Asia-Pacific, and to deepen collaboration with partners for inbound and generational travel segments.
AI agent mainstream trajectory?
International growth amid OTA/Google competition?
Destination service long-term strategy?
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Next Trip.com Group earnings date
Q4 202523 Feb, 2026
Next Trip.com Group earnings date
Q4 202523 Feb, 2026
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Frequently asked questions
Trip.com Group Limited is a China-based online travel service provider that offers booking services for accommodation, transportation, tours, and corporate travel. The company operates travel platforms under several brands and serves customers globally. Trip.com Group Limited is headquartered in Shanghai, China, and its shares are listed on the NASDAQ.
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