TCOM Reports Q1 2026 Earnings

Trip.com Group (NASDAQ: TCOM ) held its first-quarter earnings conference call on Tuesday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Trip.com Group Ltd reported Q1 2026 net revenues of RMB 16.2 billion, a 17% year-over-year increase, driven by strong travel demand.

The company aims to attract 200 million inbound travelers over the next five years, leveraging favorable policies and extensive marketing initiatives.

AI strategies are being emphasized, with Trip.com integrating AI into operations to improve efficiency and enhance customer experiences.

Gross bookings for international platforms increased by 65% year-over-year, with significant growth in inbound travel, particularly from the APAC region.

Management expects Q2 2026 revenue growth of 3-8% year-over-year, noting moderated growth due to macroeconomic factors and compliance adjustments.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to Trip.com Group 2026 Quarter 1 Earnings Conference Call.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question during the session, you need to press star 11 on your telephone.

Please be advised that today's conference is being recorded.

I would now like to hand the call over to your first speaker today, Ms.

Michelle Chi, Senior IR Director.

Thank you.

Please go ahead.

Michelle Chi, Senior IR Director Thank you.

Thank you everyone for standing by.

Good morning and welcome to Trip.com Group's first quarter of 2026 earnings conference call.

Joining me today on the call are Mr.

James Liang, Executive Chairman of the Board, Ms.

Jen Sam, Chief Executive Officer, and Ms.

Cindy Wong, Chief Financial Officer.

During this call, we will discuss our future outlook and performance, which are forward-looking statements made under the safe harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995.

Forward-looking statements involve inherent risks and uncertainties.

As such, our results may be materially different from the views expressed today.

A number of potential risks and uncertainties are outlined in Trip.com Group's public filings with the Securities and Exchange Commission.

Trip.com Group does not undertake any obligation to update any forward-looking statements except as required under applicable law.

James, Jen, and Cindy will share our strategy and business updates, operating highlights, and financial performance for the first quarter of 2026, as well as the outlook for the second quarter of 2026.

After the prepared remarks, we will have the Q and A session.

With that, I will turn the call over to James.

James, please.

James Liang, Chairman Of The Board Thank you, Michelle, and thanks everyone for joining us today.