EarningsQ1 2026 Earnings Report
DE:CLVB Q1 2026 EPS Results
Actual EPS€0.75
Consensus EPS€0.79
Beat/MissMissed by -€0.03
One Year Ago EPS€0.73
DE:CLVB Q1 2026 Revenue Results
Actual Revenue€2.08B
Expected Revenue€2.05B
Beat/MissBeat by +€24.12M
YoY Revenue Growth+23.69%
Earnings Announcement Details
QuarterQ1 2026
Date06/24/2026
TimeAfter Close
Conference CallWednesday, June 24, 2026
DE:CLVB Upcoming Earnings
Trip.com Group Ltd.'s next earnings date is estimated for November 23, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong top-line growth, robust inbound and international demand, margin expansion (adjusted EBITDA +~14% YoY), a healthy cash position (RMB 104 billion), record mobile engagement, and rapid growth in high-potential categories (entertainment-driven travel, senior travel, small-group tours). These positives are tempered by nearer-term headwinds: moderated Q2 guidance (3%–8% YoY), higher airfares and capacity constraints impacting long-haul demand, ongoing regulatory reviews and train-ticketing adjustments, and increased marketing/investment spend. Overall the company demonstrates solid underlying momentum and constructive strategic investments (notably in AI and inbound travel), while acknowledging macro and regulatory factors that may moderate short-term growth.Company Guidance
Strong Top-Line Growth
Group net revenue of RMB 16.2 billion in Q1 2026, a 17% year-over-year increase; core OTA gross bookings of ~RMB 300 billion for the quarter.
Robust Inbound Travel Recovery
Inbound gross bookings grew ~90% YoY; Trip.com served ~7 million inbound travelers in Q1 (20 million in prior year), with average inbound stay length 5.1 days (+11% YoY) and a five-year ambition to serve 200 million inbound travelers.
International Business Momentum
Gross bookings on international OTA platform increased ~65% YoY; inbound traffic from Europe and the U.S. grew rapidly and now represents ~25% of inbound volumes.
Segment Revenue Strength
Accommodation reservation revenue RMB 6.5 billion (+17% YoY); transportation ticketing revenue RMB 6.1 billion (+12% YoY); package tour revenue RMB 1.1 billion (+19% YoY); corporate travel revenue RMB 690 million (+20% YoY).
Profitability and Cash Position
Adjusted EBITDA of RMB 4.8 billion (vs RMB 4.2 billion a year ago, ~+14% YoY); reported diluted EPS RMB 3.67 ($0.53); non-GAAP diluted EPS RMB 5.73 ($0.83); cash and cash equivalents, restricted cash, short-term investments and related financial products totaling RMB 104.0 billion ($15.1 billion) as of March 31, 2026.
High-Growth Product Categories
Entertainment-driven travel gross bookings +74% YoY; hotel gross bookings for the Old Friends Club (silver generation) >100% YoY; domestic small group travel orders +27% YoY with 55% higher per capita spending and 11% longer stays vs large group tours.
Operational and Distribution Strength
Engaged >110,000 local partners in inbound-related services (14,000 received first-ever overseas orders); global product coverage of ~450,000 hotels and ~180,000 local attraction products; Trip community connects >500,000 travel brands/suppliers and >10,000 creators; mobile bookings reached a new record high.
AI and Technology Initiatives
Integrated AI assistant into core search enabling natural language and voice-based complex searches; deploying AI agents and AI-ready services to support suppliers and customers, improve content, overcome language barriers, and automate customer service; opening platform to third-party AI agents via APIs/MCPs.
DE:CLVB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed