Trip.com Group Posts RMB 2.4 Billion Q2 Net Loss as Inbound Travel Grows
Trip.com Group reported second-quarter 2026 net revenue of RMB 15.7 billion, up 6% year-on-year, with adjusted EBITDA of RMB 4.6 billion, down from RMB 4.9 billion a year earlier. A roughly RMB 5.2 billion one-time antitrust charge from the State Administration for Market Regulation led to a net loss of RMB 2.4 billion; excluding the penalty, net profit was RMB 2.7 billion. By segment, accommodation booking revenue was RMB 6.6 billion, up 6%; transportation ticketing revenue was RMB 5.4 billion, down 1%; packaged tours revenue was RMB 1.2 billion, up 8%; and corporate travel management revenue was RMB 771 million, up 11%. Inbound travel revenue continued high double-digit year-on-year growt…
Impact and considerations
The antitrust penalty is a one-time financial hit, but 11% growth in corporate travel management revenue and high double-digit inbound growth show resilience in business travel and inbound demand, relevant to corporate travel buyers.
Key points
- Trip.com Group's Q2 2026 net revenue was RMB 15.7 billion, up 6% year-on-year.
- Adjusted EBITDA was RMB 4.6 billion, down from RMB 4.9 billion a year earlier.
- A roughly RMB 5.2 billion one-time antitrust charge led to a net loss of RMB 2.4 billion; excluding it, net profit was RMB 2.7 billion.
- Accommodation booking revenue was RMB 6.6 billion, up 6%; transportation ticketing revenue was RMB 5.4 billion, down 1%.
- Packaged tours revenue was RMB 1.2 billion, up 8%; corporate travel management revenue was RMB 771 million, up 11%.
- 118,000 hotels and over 3,600 attractions received inbound orders in the quarter, with inbound revenue maintaining high double-digit growth.
Sources and time
- Primary source
- 品橙旅游
- Other sources
- 0
- First source publication
- 16 Sept 2026, 08:00
- Page published
- 16 Sept 2026, 18:00
- Last updated
- 16 Sept 2026, 08:00
- Original links
- Pinchain Tourism：携程2026年第二季度净亏损24亿元 – 品橙旅游 (opens in a new tab)Primary source · zh · Published 16 Sept 2026, 08:00