Trip.com Group Q2 Revenue RMB 15.7B, Antitrust Fine Drives RMB 2.4B Net Loss

Trip.com Group reported unaudited Q2 2026 results: net revenue of RMB 15.7 billion, up 6% year on year but down 3% quarter on quarter; international platform revenue grew over 50% year on year, and inbound travel revenue rose at a high double-digit rate. A RMB 5.2 billion SAMR antitrust penalty pushed general and administrative expenses up 477% year on year to RMB 6.3 billion, producing a net loss of RMB 2.4 billion versus net income of RMB 4.9 billion a year earlier; excluding the penalty, net income was RMB 2.7 billion. Corporate travel management revenue reached RMB 771 million, up 11% year on year and 12% quarter on quarter.