Trip.com Group reported its most recent quarter on Sept 15, 2026. Revenue grew 17.2% YoY while EPS fell from $7.20 to $0.90. ACCE score sits at 64/100.
$TCOM reported earnings for its most recent quarter (reported September 15, 2026). Revenue grew 17.2% year over year, a solid top-line result for the travel platform. EPS, though, fell sharply: from $7.20 a year earlier to $0.90 this quarter, a year-over-year decline of 87.5%. The earnings beat consensus by just 0.1%, so the number landed almost exactly where analysts expected.
We do not have guidance commentary from this report.
What it means
The gap between a healthy revenue line and a collapsing EPS figure is the central tension here. Net margin sits at 48.6% on a trailing basis, and ROE comes in at 20.1%, both of which suggest the underlying business is not structurally broken. The most likely explanation for the EPS drop is a large non-recurring item or a significant shift in below-the-line items in the year-ago period that inflated the $7.20 comparison. Without a breakdown of what drove the prior-year figure, the 87.5% decline looks alarming but may not reflect operating deterioration.
Get the ACCE weekly digest
Index returns, picks recap, score movers - every Sunday. No fluff.
The FCF yield of 55.3% is a striking number. It implies the business is generating substantial cash relative to its market cap of $24.57B, and it sits in tension with a trailing P/E of 5.8. A forward P/E of 11.0 suggests the market expects earnings to normalise at a lower level than the trailing figure, which makes sense given the EPS swing.
The ACCE score of 64/100 reflects a mixed picture. Value scores 95 and Quality scores 91, both high. Growth scores 52, which is middling. Momentum scores 17, the weakest component, consistent with a 1-year return of -47.1%. The stock has been under sustained selling pressure even as the business continues to grow revenue and generate cash.
The 6-model fair value estimate of $77.81 implies 99.1% upside to the current price of $39.08, and the analyst consensus target is $59.97. Both figures sit well above where the stock trades today. Whether the market closes that gap depends heavily on what the EPS trajectory looks like over the next several quarters, and on that point, this report leaves more questions than answers.
For the current price and live data, see acceinvestments.com/stocks/TCOM.
See the full picture, free
ACCE scores thousands of stocks across six valuation models, with fair value, conviction and the full thesis on every name. Start free, no card required.
