TRIP.COM-S (09961.HK): Q2 Net Revenue RMB 15.7 Billion, RMB 5.2 Billion Antitrust Fine Drives Net Loss of RMB 2.4 Billion

NewTimeSpace · 2026/09/16 07:24 · By Boyuan Chen

On 16 September 2026, TRIP.COM-S (09961.HK) announced its second quarter and first half results, with second quarter net revenue of RMB 15.7 billion, up 6% year on year, and a net loss of RMB 2.4 billion because of a RMB 5.2 billion antitrust penalty.

Key Highlights:

General and administrative expenses were RMB 6.3 billion, up 477% year on year, including the RMB 5.2 billion antitrust penalty imposed by the State Administration for Market Regulation; excluding the penalty they were RMB 1.2 billion.
Excluding the penalty, second quarter net profit was RMB 2.7 billion; non-GAAP net profit attributable to shareholders was RMB 4.8 billion and adjusted EBITDA was RMB 4.6 billion.
Second quarter accommodation reservation revenue was RMB 6.6 billion, package tour revenue RMB 1.2 billion, corporate travel revenue RMB 771 million and transportation ticketing revenue RMB 5.4 billion, up 6%, up 8%, up 11% and down 1% year on year respectively.

NewTimeSpace (newtimespace.com) News: On 16 September 2026, Trip.com Group Limited (stock code: 09961) announced its unaudited financial results for the second quarter and first half of 2026. Second quarter net revenue was RMB 15.7 billion (USD 2.3 billion), up 6% year on year, with international platform revenue growing more than 50% year on year and inbound travel revenue growing at a high double-digit rate.

By segment, second quarter accommodation reservation revenue was RMB 6.6 billion (USD 969 million), up 6% year on year; transportation ticketing revenue was RMB 5.4 billion (USD 788 million), down 1%; package tour revenue was RMB 1.2 billion (USD 171 million), up 8%; and corporate travel revenue was RMB 771 million (USD 114 million), up 11%. Cost of revenue for the quarter was RMB 3.2 billion (USD 466 million), up 12% year on year.

Second quarter general and administrative expenses were RMB 6.3 billion (USD 933 million), up 477% year on year, mainly because of a RMB 5.2 billion (USD 763 million) antitrust penalty imposed by the State Administration for Market Regulation. Affected by the penalty, the second quarter net loss was RMB 2.4 billion (USD 361 million), compared with a net profit of RMB 4.9 billion a year earlier; net loss attributable to shareholders was RMB 2.5 billion (USD 363 million), and diluted loss per ordinary share and per ADS was RMB 3.89 (USD 0.57).

First half net revenue was RMB 31.871 billion (USD 4.697 billion) and net profit attributable to shareholders was RMB 41 million. As at 30 June 2026, cash and cash equivalents, restricted cash, short-term investments and time deposits and wealth management products totalled RMB 100.5 billion (USD 14.8 billion).

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

NewTimeSpace TRIP.COM-S 09961.HK