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The travel giant reported that revenue reached about 60.7 billion RMB for the first half of 2026, a 14 percent increase. This growth comes as Chinese outbound travel, people leaving the country for vacations, continues to return toward levels seen before the pandemic.
The results show the company is successfully defending its lead in China while growing its international brand. For a long-term owner, the most important detail is that the company is becoming more efficient as it grows, which helps it earn more profit from each booking even as it spends to expand into new markets like Europe.
Source: PRNewsWire
Mizuho set its price target for the travel platform at $60. This is higher than the average analyst target of $57 and sits well above the current stock price of about $41. The move follows a week of positive adjustments from other firms after the company showed strong growth in its international business.
Source: Mizuho Securities
Macquarie, a large global investment bank, upgraded its rating on the company to Outperform and set a target price of $52.20. This move signals the firm's belief that the stock will perform better than the broader market.
The upgrade comes just days after the company reported that its international bookings grew more than 50 percent last quarter. While the stock is currently trading around $40, the average target across all analysts who follow the company is higher at $57.
Source: Macquarie
The company reported earnings of $1.07 per share, comfortably beating the $0.87 analysts expected. Total revenue reached about $2.3 billion for the quarter. While the overall business grew 6 percent, the real driver was the international segment, where revenue jumped more than 50 percent compared to last year.
This growth is a key part of the company's plan to move beyond its home market in China and become a global travel player. By scaling its app and supply chain across Europe and Southeast Asia, Trip.com is becoming less dependent on domestic Chinese travel alone. The fact that it can grow its global footprint this quickly while maintaining its lead at home suggests the business is successfully exporting its model to new markets.
HSBC set its target for the stock at $48, which is higher than the current price of about $39 but lower than the $54 average target among other analysts. Since the firm did not change its actual rating on the stock, this is a routine update to their model rather than a shift in how they view the business. The company is currently preparing to report its second-quarter results next week.
Source: HSBC
Management has a history of setting conservative targets and clearing them, with the business often outrunning forecasts as international travel growth picks up speed.
| Expectation | |
|---|---|
| EPS | $1.17 |
| Revenue | $2.82B |
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