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Trip.com Group reported strong growth for the fourth quarter and full year of 2025, with travel demand driving higher revenue and profit. Net revenue reached RMB15.4 billion in Q4, up 21% year over year, and RMB62.4 billion for 2025, a 17% annual increase.
Full-year net income rose to RMB33.4 billion from RMB17.2 billion, mainly boosted by RMB19.9 billion of investment gains. Core businesses remained healthy: 2025 accommodation revenue grew 21% to RMB26.1 billion, transportation ticketing rose 11% to RMB22.5 billion, and adjusted EBITDA was RMB18.9 billion with a 30% margin.
Operating costs increased but stayed broadly in line with growth, while cash, cash equivalents, restricted cash, short-term investments, and held-to-maturity products totaled RMB105.8 billion as of December 31, 2025. The company also announced board changes, adding two independent directors. Separately, China’s State Administration for Market Regulation started an anti-monopoly investigation in January 2026, which is ongoing; the company says operations remain normal and it is fully cooperating.
Trip.com Group Limited filed a 6-K announcing the timetable for its upcoming earnings release. The audit committee will meet on February 25, 2026 (Hong Kong time) to approve fourth quarter and full year 2025 financial results.
The company will publish these results on February 26, 2026 (Hong Kong time) before Hong Kong trading, and separately announce them on February 25, 2026 U.S. time after the market closes. Management will host a conference call at 7:00 p.m. U.S. Eastern Time on February 25, 2026, with a live webcast and 12‑month replay available at the investor relations website.
BlackRock, Inc. has reported a significant ownership stake in Trip.com Group Ltd common stock on a Schedule 13G. As of 12/31/2025, BlackRock beneficially owned 32,685,688 Trip.com common shares, representing 5.00% of the outstanding class.
BlackRock has sole voting power over 31,532,635 shares and sole dispositive power over the full 32,685,688 shares, with no shared voting or dispositive power. The filing notes that various underlying clients and accounts have rights to dividends and sale proceeds, but no single person holds more than five percent of Trip.com’s total outstanding common shares.
BlackRock states that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Trip.com Group Ltd.