Trip.com Group net profit drops 99.55% following anti-monopoly fine

Trip.com Group reported a significant decline in net profit for the first half of fiscal year 2026, with attributable net profit falling 99.55% year-on-year to 41 million yuan.

The company's second quarter results showed a net loss of approximately 2.4 billion to 2.5 billion yuan. This loss was primarily driven by a one-time anti-monopoly fine totaling 5.2 billion yuan. Despite this, the company's core operations remained stable; excluding the fine, the second quarter net profit would have been approximately 2.7 billion yuan.

During the first half of 2026, total revenue reached 31.87 billion yuan, a 6% increase compared to the previous year, while gross profit rose 14.59% to 25.38 billion yuan. Segment performance for the second quarter showed growth in accommodation bookings, travel vacations, and business travel management, while transportation ticketing saw a slight decline.

Following regulatory guidance from the State Administration for Market Regulation and the Ministry of Culture and Tourism, Trip.com Group has committed to rectifying its compliance processes and adhering to anti-monopoly and fair competition laws.