携程：Results beat; travel demand remains resilient-20260227

27 Feb 2026 CMB International Global Markets | Equity Research | Company Update Trip.com (TCOM US) Trip.com (TCOM US) - Results Results beat; travel demand remains resilient Trip.com Group (TCOM) released (26 Feb) 4Q25 results: total revenue was RMB15.4bn, up 20.8% YoY, 4% better than Bloomberg consensus estimates driven by an all-round beat across segments especially in corporate travel, package tour, and Others. Non-GAAP operating income (OP) was RMB3.2bn, 2% better than consensus, thanks to the beat in r ...