Trip.com (TCOM) jumps as traders position ahead of late-May earnings report

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Trip.com Group ADS (TCOM) rose about 3% as investors positioned ahead of its next earnings report expected later in May 2026. The move follows the company’s Feb. 25, 2026 results showing 2025 net revenue of RMB62.4 billion (US$8.9 billion), up 17% year over year.

1) What’s moving the stock today

Trip.com Group’s American depositary shares were higher in Wednesday trading (May 6, 2026), with the move appearing driven by positioning into the company’s upcoming earnings window rather than a fresh same-day corporate announcement. Multiple market calendars point to a late-May 2026 earnings report date (with some services estimating mid-to-late May, and others listing May 25, 2026). citeturn3search9

2) The fundamentals investors are keying on

The latest company results on file show resilient travel demand through 2025. Trip.com reported full-year 2025 net revenue of RMB62.4 billion (US$8.9 billion), up 17% from 2024, and fourth-quarter 2025 net revenue of RMB15.4 billion (US$2.2 billion), up 21% year over year (with a sequential decline attributed to seasonality). citeturn2view1

3) Risk backdrop: litigation/headline overhang

Investors are also navigating ongoing headline risk tied to securities class-action solicitations that reference an April 30, 2024 to Jan. 13, 2026 purchase window and a lead-plaintiff deadline in May 2026. While not necessarily the driver of today’s upside, this backdrop can amplify volatility into earnings. citeturn3search5

4) What to watch next

Key watch items into the report include any update on inbound and outbound travel demand trends, take rates and marketing intensity, and margin trajectory versus expectations. With the earnings date clustered in late May 2026 across major tracking services, any confirmation of the exact release date and forward commentary could be the next catalyst for the stock. citeturn3search9