← Research LibraryThe BriefFY2025 20-F · headline figures audited against SEC data
Revenue rose 17.1% to CNY 62.41B and net income nearly doubled to CNY 33.29B on one-off investment gains, while cash flow fell and China's market regulator opened an anti-monopoly investigation.
The read at a glance✓ Audited against SEC data
- Growth — Revenue +17.1% to CNY 62.41BOK
- Profitability — Operating margin 25.3%, down 133 bps; net income +95.1% on investment gainsNote
- Cash — Free cash flow -28.6% to CNY 13.58BWatch
- Accounting — Distress-safe; no manipulation flag; earnings quality safeOK
- Capital — Buybacks +102.4% to CNY 4.40B; dividends CNY 1.42BOK
- Regulation — SAMR anti-monopoly investigation since January 2026Watch
Business
Trip.com Group runs a one-stop travel platform under four brands: Ctrip and Qunar in China, Trip.com for global travelers, and the Skyscanner travel search site. It earns commissions on hotel bookings and transport tickets, plus packaged tours and corporate travel, and reports in CNY for the year ended December 31, 2025.
Where the revenue comes from
Fiscal 2025, as Trip.com Group Ltd reports it. History and quarterly detail are in the app.
- Accommodation Reservation Services¥26.1B
- Transportation Ticketing Services¥22.5B
- Product and service, other¥6.4B
- Packaged Tour¥4.7B
- Corporate Travel¥2.8B
Latest filings
- 6-K · Company announcement (foreign filer)2026-09-16
- 6-K · Company announcement (foreign filer)2026-09-16
- 6-K · Company announcement (foreign filer)2026-09-02
- 6-K · Company announcement (foreign filer)2026-07-27
- 6-K · Company announcement (foreign filer)2026-06-30
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Trip.com Group Ltd, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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