Trip.com Group Reports Strong Q2 2025 Growth, Announces $5B Share Repurchase Program

Trip.com Group reported a 16% increase in net revenue for Q2 2025, driven by a surge in travel demand. International reservations increased by 60% YoY, and outbound bookings surpassed pre-COVID levels. The company also announced a new share repurchase program, authorizing up to $5 billion in repurchases.

Trip.com Group Ltd (TCOM) reported a robust financial performance for the second quarter of 2025, with a 16% year-over-year (YoY) increase in net revenue. The company's net revenue reached RMB 14.8 billion, driven primarily by strong travel demand, particularly in the inbound travel segment. International business showed remarkable growth with overall reservations increasing over 60% year-over-year, and inbound travel bookings surging by over 100%. Outbound bookings exceeded 120% of pre-COVID levels [1].

The company's accommodation reservation revenue increased by 21% YoY to RMB 6.2 billion, while transportation ticketing revenue rose by 11% to RMB 5.4 billion. These results underscore Trip.com's effective strategies in capturing market demand, particularly in the Asia-Pacific region where it maintains a strong competitive position [1].

Despite the positive earnings report, Trip.com's stock experienced a slight decline in after-hours trading, reflecting cautious investor sentiment. The stock's price decreased by 0.09% to $64.87, contrasting with its last close value of $64.93 [1].

The company launched its first inbound travel service center and upgraded its trip planner with AI technology. The upgraded trip planner offers a highly personalized and intelligent planning experience, using AI to generate customized itineraries tailored to users' preferences. The journey begins with three simple questions—destination, trip duration, and travel style—and the AI generates a customized itinerary incorporating real-time transportation, accommodation, dining, and attraction options [1].

Despite competition from new entrants and macroeconomic uncertainty, Trip.com announced a $5 billion share repurchase program. The program aims to return capital to shareholders and support the company's long-term growth strategy. The potential inbound travel market is estimated at $1 trillion over the next 3-5 years, indicating substantial opportunities ahead [1].

Executives highlighted the company's focus on empowering small and medium-sized enterprises (SMEs) with digital tools and marketing support, helping them grow and capture the benefits of rising global demand. The growth of inbound travel creates opportunities beyond tourism itself, especially for SMEs in the local hotel, restaurant, tour operator, and experienced provider sectors [1].

Looking forward, Trip.com is optimistic about its growth prospects, targeting 200,000 hotel partnerships over the next three years and anticipating significant growth in the senior traveler and entertainment travel segments. The company is well-positioned to execute its expansion plans, with a market capitalization of $40.77 billion and projected revenue growth of 15% for FY2025 [1].

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-tripcom-q2-2025-sees-strong-growth-in-revenue-93CH-4213672
[2] https://www.stocktitan.net/news/TCOM/trip-com-group-limited-reports-unaudited-second-quarter-and-first-nejo0m9xtfyo.html