BUSINESS

Trip.com Rides Summer Travel Boom to Soar Past Profit Expectations

Published: Nov. 19, 2025 1:01 a.m. GMT+8

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The headquarters of Trip.com Group in Shanghai’s Changning district on Nov. 16, 2025. Photo: VCG

Trip.com Group Ltd. reported a sharp rise in third-quarter earnings on Tuesday, as a resurgence in cross-border travel and a sizable one-time investment gain propelled profit well above revenue.

For the three months ended Sept. 30, the online travel platform posted net revenue of 18.3 billion yuan ($2.65 billion), a 16% increase from a year earlier and a 24% rise from the previous quarter. The rebound was driven by summer holiday demand, the company said in its earnings release.

Net profit attributable to shareholders surged 193% year-on-year to 19.9 billion yuan, surpassing revenue due to a one-time gain from the divestment of an overseas investment. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 10.5% to 6.3 billion yuan.

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This is an AI-generated English rendering of original reporting or commentary published by Caixin Media. In the event of any discrepancies, the Chinese version shall prevail.

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Trip.com’s Q3 2023 net revenue rose 16% year-on-year to 18.3 billion yuan, with net profit surging 193% to 19.9 billion yuan due to a one-time investment gain.
Outbound hotel and flight bookings reached 140% of 2019 levels; international bookings rose 60% year-on-year, with strong growth in Asia-Pacific and Europe.
Domestic hotel and transport bookings increased 18% and 12% respectively; senior and entertainment-focused travel segments saw rapid growth.

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Who’s Who

Trip.com Group Ltd.: Trip.com Group Ltd. reported a significant rise in Q3 earnings, driven by a surge in cross-border travel and a substantial one-time investment gain. The company's net revenue increased by 16% year-on-year to 18.3 billion yuan, with net profit surging 193% to 19.9 billion yuan. Both outbound and inbound travel bookings saw strong growth, buoyed by relaxed visa policies and increased flight capacity.

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