Trip.com Group announced its unaudited financial results for the second quarter of 2026.
Total net revenue for the second quarter of 2026 was RMB 15.7 billion (USD 2.3 billion), increased by 6% year-over-year.
Net loss for the second quarter of 2026 was RMB 2.4 billion (USD 361 million), compared to net income of RMB 4.9 billion for the same period in 2025 and net income of RMB2.5 billion for the previous quarter, primarily due to the anti-monopoly penalty by the SAMR in the amount of RMB 5.2 billion (USD 763 million).
Revenue on the Company's international platform increased by over 50% year-over-year. Inbound travel revenue increased at a high double-digit rate year-over-year.
Accommodation reservation revenue for the second quarter of 2026 was RMB 6.6 billion (USD 969 million), representing a 6% increase from the same period in 2025, primarily driven by an increase in accommodation reservations, and partially offset by a contra-revenue imposed by the State Administration for Market Regulation of the People's Republic of China (the "SAMR"). Accommodation reservation revenue for the second quarter of 2026 increased by 1% from the previous quarter.
Transportation ticketing revenue for the second quarter of 2026 was RMB 5.4 billion (USD 788 million), representing a 1% decrease from the same period in 2025 and a 12% decrease from the previous quarter, primarily due to macro headwinds such as elevated energy prices and geopolitical volatility.
Corporate travel revenue for the second quarter of 2026 was RMB 771 million (USD 114 million), representing an 11% increase from the same period in 2025 and a 12% increase from the previous quarter, primarily driven by an increase in corporate travel reservations.
Packaged-tour revenue for the second quarter of 2026 was RMB 1.2 billion (USD 171 million), representing an 8% increase from the same period in 2025, primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the second quarter of 2026 increased by 3% from the previous quarter, primarily driven by resilient travel demand, particularly during the holiday periods.
"Travel remains a fundamental consumer need, and we see significant long-term opportunities as travelers seek more personalized and rewarding experiences. Our strategic priorities remain clear: Globalization and Great Quality, or G2," said James Liang, Executive Chairman. "Building on this foundation, we are advancing our proprietary AI capabilities across every stage of the travel journey to accelerate G2 and unlock new opportunities for growth. We are building a more differentiated and valuable global platform for travelers and partners, positioning us for the next phase of sustainable growth."
