Trip.com Stock Slides to 310th in Volume as Q2 Revenue Jumps 16% on Strong International Bookings and $5B Buyback

On August 29, 2025, Trip.com (TCOM) traded at a volume of $0.31 billion, down 52.22% from the prior day, ranking 310th in market activity. The stock closed 1.71% lower, reflecting mixed investor sentiment ahead of its Q2 earnings report.

Trip.com reported a 16% year-over-year rise in Q2 2025 net revenue to $2.1 billion, driven by a 60% surge in international reservations and outbound bookings surpassing pre-pandemic levels. The company authorized a $5 billion share repurchase program, signaling confidence in its value proposition. Analysts highlighted its AI-powered Trip Planner and real-time pricing tools as key growth drivers, though valuation metrics like a PEG ratio of 2.72 raised caution.

Strategic focus on inbound travel, with bookings growing over 100% year-on-year, positioned Trip.com as a beneficiary of China’s evolving visa policies and global tourism trends. The firm’s $9.4 billion cash reserves and disciplined cost management further strengthened its financial resilience. However, risks such as geopolitical tensions and cash flow management challenges were noted as potential headwinds.

Backtest results indicate that TCOM’s 12-month price performance of 59.83% aligns with its projected 18.33% upside potential. The stock’s forward P/E of 17.77, below industry peers like Airbnb and Royal Caribbean, suggests undervaluation amid its dual-engine growth model of international and inbound travel. Analysts remain divided on its long-term momentum versus valuation concerns.