PerpEquities

Equity

Trip.com Group Limited (TCOM) perpetual futures

Trip.com Group Limited tracked across crypto venues with normalized contract specifications.

+0.8%NASDAQ closed
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TradingView symbol NASDAQ:TCOM

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Trading data

Perpetual market activity

0/1 live markets
Venues
1
Live markets
0/1
24h volume
-
Open interest
-
Best liquidity
-
Tightest spread
-
Highest volume
-
Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+0.83%
5D-3.25%
1M-13.25%
6M-24.56%
YTD-45.74%
1Y-47.36%

Venue matrix

1 markets

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Trade
BingXTradeTCOM-USDTPlanned------USDT-
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Tightest spread

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Highest volume

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Company data

Company fundamentals

Updated 1h ago
Market cap
$25.3B
Updated 1h ago
Revenue
$9.6B
Trailing 12 months
Revenue growth
+12%
Next fiscal year
Profit margin
+48.7%
P/E
5.5
Peer P/E 12.2
Free cash flow
$2B
Trailing 12 months
More metrics
Net income
$4.7B
Trailing 12 months
P/S
2.6
Peer P/E
12.2
Similar listed perps
Revenue estimate
$10.1B
Next fiscal year
Earnings
2026-08-26
Revenue est. $2.3B · Updated 1h ago
Dividend
$0.3
2025-03-17

Fundamental detail

Annual + quarterly
Latest revenue$9B
Net margin+53.3%
Free cash flow$2B
Net debt-$2.3B
2020$2.7B
2021$3B
2022$3B
2023$6.6B
2024$7.9B
2025$9B
PeriodRevenueGrowthNet incomeFCF
2020$2.7B-49%-$483.5M-$648.5M
2021$3B+9%-$81.9M$283.5M
2022$3B0%$208.9M$319.1M
2023$6.6B+122%$1.5B$3.2B
2024$7.9B+20%$2.5B$2.8B
2025$9B+14%$4.8B$2B
PeriodGross marginOperating marginNet marginROEROA
2020+78.0%-7.8%-17.7%-3.2%-1.7%
2021+77.0%-7.0%-2.7%-0.5%-0.3%
2022+77.5%+0.4%+7.0%+1.2%+0.7%
2023+81.8%+25.4%+22.3%+8.1%+4.5%
2024+81.3%+26.6%+32.0%+12.0%+7.0%
2025+80.6%+25.3%+53.3%+18.9%+12.1%
PeriodCashDebtNet debtCurrent ratio
2020$2.7B$8.5B$5.9B0.99
2021$3B$7.7B$4.8B1.00
2022$2.5B$6.9B$4.4B1.00
2023$6.2B$6.8B$592.8M1.23
2024$7.2B$6B-$1.2B1.51
2025$6.9B$4.7B-$2.3B1.55
PeriodMarket capEnterprise valueP/SP/E
2020$19.7B$25.5B7.2-40.8
2021$14.7B$19.5B4.9-179.8
2022$22.4B$26.8B7.5109.3
2023$25.5B$26.1B3.916.8
2024$48.8B$47.6B6.219.2
2025$49.3B$47B5.410.2
Q2 2024$1.9B
Q3 2024$2.4B
Q4 2024$1.9B
Q1 2025$2.1B
Q2 2025$2.2B
Q3 2025$2.7B
Q4 2025$2.3B
Q1 2026$2.4B
PeriodRevenueGrowthNet incomeFCF
Q2 2024$1.9B+14%$570.8M$0
Q3 2024$2.4B+16%$1B$0
Q4 2024$1.9B+23%$321.2M$0
Q1 2025$2.1B+16%$636.9M$0
Q2 2025$2.2B+16%$721.6M$0
Q3 2025$2.7B+16%$3B$0
Q4 2025$2.3B+19%$628.7M$2B
Q1 2026$2.4B+16%$369.9M$0
PeriodGross marginOperating marginNet marginROEROA
Q2 2024+81.9%+27.8%+30.0%+2.9%+1.5%
Q3 2024+82.4%+31.5%+42.6%+4.9%+2.8%
Q4 2024+79.3%+18.1%+16.9%+1.5%+0.9%
Q1 2025+80.4%+25.8%+30.9%+2.9%+1.7%
Q2 2025+81.0%+27.6%+32.6%+3.3%+1.9%
Q3 2025+81.7%+30.4%+108.5%+11.8%+7.4%
Q4 2025+79.0%+16.5%+27.8%+2.5%+1.6%
Q1 2026+79.5%+24.3%+15.4%+1.5%+0.9%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$7.7B$9B$1.3B1.32
Q3 2024$6.3B$6.9B$639.4M1.42
Q4 2024$7.2B$6B-$1.2B1.51
Q1 2025$8.4B$6.4B-$2B1.46
Q2 2025$8.7B$5.9B-$2.8B1.33
Q3 2025$8.8B$4.8B-$4.1B1.48
Q4 2025$6.9B$4.7B-$2.3B1.55
Q1 2026$8.5B$4.7B-$3.8B1.53
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$33.8B$35B17.714.8
Q3 2024$42.7B$43.4B18.110.5
Q4 2024$52.1B$50.9B27.438.2
Q1 2025$45.4B$43.3B22.017.8
Q2 2025$41.3B$38.5B18.714.3
Q3 2025$52.2B$48.2B19.14.4
Q4 2025$49.1B$46.9B21.719.6
Q1 2026$33.2B$29.4B13.822.3

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.4BQ1 2026
$682.7M$1.4B$2B$2.7BQ2 2023: $1.7BQ3 2023: $2BQ4 2023: $1.5BQ1 2024: $1.8BQ2 2024: $1.9BQ3 2024: $2.4BQ4 2024: $1.9BQ1 2025: $2.1BQ2 2025: $2.2BQ3 2025: $2.7BQ4 2025: $2.3BQ1 2026: $2.4BQ2 2023Q1 2026
Net income$369.9MQ1 2026
$740.4M$1.5B$2.2B$3BQ2 2023: $94MQ3 2023: $687.2MQ4 2023: $193.1MQ1 2024: $642.1MQ2 2024: $570.8MQ3 2024: $1BQ4 2024: $321.2MQ1 2025: $636.9MQ2 2025: $721.6MQ3 2025: $3BQ4 2025: $628.7MQ1 2026: $369.9MQ2 2023Q1 2026
EBITDA$612.6MQ1 2026
$870M$1.7B$2.6B$3.5BQ2 2023: $295.3MQ3 2023: $868.6MQ4 2023: $363.6MQ1 2024: $848.3MQ2 2024: $789.8MQ3 2024: $1.2BQ4 2024: $484.2MQ1 2025: $811.5MQ2 2025: $946.3MQ3 2025: $3.5BQ4 2025: $798.9MQ1 2026: $612.6MQ2 2023Q1 2026
Free cash flow$0Q1 2026
$505.6M$1B$1.5B$2BQ2 2023: $8.7MQ3 2023: $8.4MQ4 2023: $0Q1 2024: $301.7MQ2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $2BQ1 2026: $0Q2 2023Q1 2026
EPS$0.54Q1 2026
$1.07$2.13$3.2$4.26Q2 2023: $0.14Q3 2023: $1.02Q4 2023: $0.29Q1 2024: $0.95Q2 2024: $0.83Q3 2024: $1.48Q4 2024: $0.46Q1 2025: $0.91Q2 2025: $1.04Q3 2025: $4.26Q4 2025: $0.89Q1 2026: $0.54Q2 2023Q1 2026
Cash / Debt$8.5BQ1 2026
$2.2B$4.5B$6.7B$9BQ2 2023 · Cash: $5.5BQ2 2023 · Debt: $7.8BQ3 2023 · Cash: $5.6BQ3 2023 · Debt: $7.6BQ4 2023 · Cash: $6.2BQ4 2023 · Debt: $6.8BQ1 2024 · Cash: $6.3BQ1 2024 · Debt: $7.1BQ2 2024 · Cash: $7.7BQ2 2024 · Debt: $9BQ3 2024 · Cash: $6.3BQ3 2024 · Debt: $6.9BQ4 2024 · Cash: $7.2BQ4 2024 · Debt: $6BQ1 2025 · Cash: $8.4BQ1 2025 · Debt: $6.4BQ2 2025 · Cash: $8.7BQ2 2025 · Debt: $5.9BQ3 2025 · Cash: $8.8BQ3 2025 · Debt: $4.8BQ4 2025 · Cash: $6.9BQ4 2025 · Debt: $4.7BQ1 2026 · Cash: $8.5BQ1 2026 · Debt: $4.7BQ2 2023Q1 2026
CashDebt
Profitability+79.5%Q1 2026
+27.1%+54.2%+81.3%+108.5%Q2 2023 · Gross margin: +82.2%Q3 2023 · Gross margin: +82.0%Q4 2023 · Gross margin: +80.5%Q1 2024 · Gross margin: +81.2%Q2 2024 · Gross margin: +81.9%Q3 2024 · Gross margin: +82.4%Q4 2024 · Gross margin: +79.3%Q1 2025 · Gross margin: +80.4%Q2 2025 · Gross margin: +81.0%Q3 2025 · Gross margin: +81.7%Q4 2025 · Gross margin: +79.0%Q1 2026 · Gross margin: +79.5%Q2 2023 · Operating margin: +26.5%Q3 2023 · Operating margin: +28.4%Q4 2023 · Operating margin: +21.3%Q1 2024 · Operating margin: +27.8%Q2 2024 · Operating margin: +27.8%Q3 2024 · Operating margin: +31.5%Q4 2024 · Operating margin: +18.1%Q1 2025 · Operating margin: +25.8%Q2 2025 · Operating margin: +27.6%Q3 2025 · Operating margin: +30.4%Q4 2025 · Operating margin: +16.5%Q1 2026 · Operating margin: +24.3%Q2 2023 · Net margin: +5.6%Q3 2023 · Net margin: +33.6%Q4 2023 · Net margin: +12.6%Q1 2024 · Net margin: +36.2%Q2 2024 · Net margin: +30.0%Q3 2024 · Net margin: +42.6%Q4 2024 · Net margin: +16.9%Q1 2025 · Net margin: +30.9%Q2 2025 · Net margin: +32.6%Q3 2025 · Net margin: +108.5%Q4 2025 · Net margin: +27.8%Q1 2026 · Net margin: +15.4%Q2 2023Q1 2026
Gross marginOperating marginNet margin
Revenue growth+16.5%Q1 2026
+5.9%+11.7%+17.6%+23.4%Q2 2024: +13.6%Q3 2024: +15.5%Q4 2024: +23.4%Q1 2025: +16.2%Q2 2025: +16.2%Q3 2025: +15.5%Q4 2025: +19.2%Q1 2026: +16.5%Q2 2023Q1 2026
Shares outstanding681.7MQ1 2026
175.5M351.1M526.6M702.1MQ2 2023: 671.9MQ3 2023: 674.1MQ4 2023: 668.3MQ1 2024: 675.9MQ2 2024: 688MQ3 2024: 688MQ4 2024: 698.2MQ1 2025: 702.1MQ2 2025: 695.7MQ3 2025: 695MQ4 2025: 700.5MQ1 2026: 681.7MQ2 2023Q1 2026
Valuation22.3Q1 2026
16.432.749.165.4Q2 2023 · P/E: 65.4Q3 2023 · P/E: 9.1Q4 2023 · P/E: 32.9Q1 2024 · P/E: 12.8Q2 2024 · P/E: 14.8Q3 2024 · P/E: 10.5Q4 2024 · P/E: 38.2Q1 2025 · P/E: 17.8Q2 2025 · P/E: 14.3Q3 2025 · P/E: 4.4Q4 2025 · P/E: 19.6Q1 2026 · P/E: 22.3Q2 2023 · P/S: 14.7Q3 2023 · P/S: 12.2Q4 2023 · P/S: 16.5Q1 2024 · P/S: 18.6Q2 2024 · P/S: 17.7Q3 2024 · P/S: 18.1Q4 2024 · P/S: 27.4Q1 2025 · P/S: 22.0Q2 2025 · P/S: 18.7Q3 2025 · P/S: 19.1Q4 2025 · P/S: 21.7Q1 2026 · P/S: 13.8Q2 2023Q1 2026
P/EP/S
Revenue$9B2025
$2.3B$4.5B$6.8B$9B2018: $4.6B2019: $5.3B2020: $2.7B2021: $3B2022: $3B2023: $6.6B2024: $7.9B2025: $9B20182025
Net income$4.8B2025
$843M$2.2B$3.5B$4.8B2018: $165.6M2019: $1B2020: -$483.5M2021: -$81.9M2022: $208.9M2023: $1.5B2024: $2.5B2025: $4.8B20182025
EBITDA$5.9B2025
$1.5B$2.9B$4.4B$5.9B2018: $533.7M2019: $913.2M2020: -$31.1M2021: $328.8M2022: $660.4M2023: $2.2B2024: $3.3B2025: $5.9B20182025
Free cash flow$2B2025
$310.2M$1.3B$2.2B$3.2B2018: $954M2019: $967.7M2020: -$648.5M2021: $283.5M2022: $319.1M2023: $3.2B2024: $2.8B2025: $2B20182025
EPS$6.92025
$1.12$3.05$4.98$6.92018: $0.292019: $1.632020: -$0.82021: -$0.132022: $0.322023: $2.22024: $3.692025: $6.920182025
Cash / Debt$6.9B2025
$2.2B$4.5B$6.7B$9B2018 · Cash: $3.2B2018 · Debt: $9B2019 · Cash: $3B2019 · Debt: $7.6B2020 · Cash: $2.7B2020 · Debt: $8.5B2021 · Cash: $3B2021 · Debt: $7.7B2022 · Cash: $2.5B2022 · Debt: $6.9B2023 · Cash: $6.2B2023 · Debt: $6.8B2024 · Cash: $7.2B2024 · Debt: $6B2025 · Cash: $6.9B2025 · Debt: $4.7B20182025
CashDebt
Profitability+80.6%2025
+7.1%+32.0%+56.9%+81.8%2018 · Gross margin: +79.6%2019 · Gross margin: +79.3%2020 · Gross margin: +78.0%2021 · Gross margin: +77.0%2022 · Gross margin: +77.5%2023 · Gross margin: +81.8%2024 · Gross margin: +81.3%2025 · Gross margin: +80.6%2018 · Operating margin: +8.4%2019 · Operating margin: +14.1%2020 · Operating margin: -7.8%2021 · Operating margin: -7.0%2022 · Operating margin: +0.4%2023 · Operating margin: +25.4%2024 · Operating margin: +26.6%2025 · Operating margin: +25.3%2018 · Net margin: +3.6%2019 · Net margin: +19.7%2020 · Net margin: -17.7%2021 · Net margin: -2.7%2022 · Net margin: +7.0%2023 · Net margin: +22.3%2024 · Net margin: +32.0%2025 · Net margin: +53.3%20182025
Gross marginOperating marginNet margin
Revenue growth+13.9%2025
-6.0%+36.7%+79.4%+122.1%2019: +15.2%2020: -48.6%2021: +9.3%2022: +0.1%2023: +122.1%2024: +19.7%2025: +13.9%20182025
Shares outstanding698.4M2025
174.6M349.2M523.8M698.4M2018: 567.4M2019: 642M2020: 600.9M2021: 634.1M2022: 634.1M2023: 671.1M2024: 688.7M2025: 698.4M20182025
Valuation10.22025
-107.5-35.237.1109.32018 · P/E: 91.62019 · P/E: 18.92020 · P/E: -40.82021 · P/E: -179.82022 · P/E: 109.32023 · P/E: 16.82024 · P/E: 19.22025 · P/E: 10.22018 · P/S: 3.32019 · P/S: 4.22020 · P/S: 7.22021 · P/S: 4.92022 · P/S: 7.52023 · P/S: 3.92024 · P/S: 6.22025 · P/S: 5.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-08-26
Revenue est. $2.3B · Updated 1h ago
Dividend
$0.3
2025-03-17

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202623.88$10.1B+12%12
FY 202727.90$11.3B+25%13
FY 202830.79$12.4B+37%8
FY 202924.02$14.4B+59%5
Q1 20276.81$2.6B+10%2
Q2 20277.55$2.6B+18%2

Company events

6
2026-08-26EarningsActual - / Estimate 0.88-
2026-06-24EarningsActual 0.83 / Estimate 0.85Miss
2026-02-25EarningsActual 0.71 / Estimate 0.72Miss
2025-11-17EarningsActual 3.87 / Estimate 1.15Beat
2025-08-27EarningsActual 1.01 / Estimate 0.98Beat
2025-05-19EarningsActual 0.82 / Estimate 0.86Miss

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
POPMART$25.8B4.313.4+32.8%15GFS$25.8B3.736.4+10.3%5SMCI$25.9B0.711.0+5.7%18BSP$26B19.9114.0+15.7%13ASTS$24.4B211.2-27.7-536.7%19BNTX$24.3B7.9-12.8-64.2%1CRCL$24.2B8.347.9+15.5%31ZS$26.6B7.9-421.9-1.9%10

Analyst track record

How the analysts covering TCOM have done: ratings, price-target accuracy and the measured reaction after their calls.

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 3, 2026Parash JainHSBCHoldDowngraded$48.00article ↗
Jul 29, 2026Brian GongCitiBuyMaintained$62.00article ↗
Jul 28, 2026Alex YaoJ.P. MorganBuyMaintained$72.00article ↗
Jul 29, 2026Joyce JuBank of America SecuritiesBuyReiterated$60.00article ↗
Jul 27, 2026Unknown AnalystDBSBuyReiterated$55.00article ↗

TipRanks data via FMP · computed Sep 14, 2026

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