Trip.com (TCOM) Reports Q4 Earnings of $4.97 EPS on $15.4B Revenue

Trip.com Group Limited (NASDAQ: TCOM) reported Q4 earnings per share of $4.97, exceeding analyst expectations of $4.77. The company's revenue was $15.4 billion, surpassing the forecast of $14.86 billion. While expenses rose slightly in Q4, gross margins remained stable at 81%. The company reported a 60% year-over-year increase in foreign reservations for 2025 and into 2026. Barclays maintains an Overweight rating but lowered the price target from $90 to $75.