Trip.com (TCOM) Q2 2026: 86% EPS Miss and Revenue Collapse Explained
As seen on the 24/7 Wall St. homepage on June 25, 2026.
Trip.com crashed with an 83% revenue plunge and an 86% EPS miss to $0.83, while China's anti-monopoly investigation threatens further operational damage. Worse, management slashed Q2 guidance to just 3-8% growth as macro headwinds and compliance costs weigh on the travel giant.
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Trip.com Group reported Q2 2026 earnings per share of $0.83, falling 86% short of the consensus estimate of roughly $6.99. Revenue came in at $2.35 billion, an 85% miss against the estimated $15.85 billion, representing what the company described as an 83% revenue plunge. The scale of both shortfalls is exceptional even by the standards of a volatile macro environment, and the numbers have weighed visibly on the stock, which slid from around $46.50 toward the mid-$44 range in the period captured by the price reaction data.
Compounding the financial disappointment is an ongoing anti-monopoly investigation in China, which management flagged as a source of further operational risk. Compliance costs tied to that probe are already factoring into the company's cost structure, and any escalation could add additional pressure to margins that are clearly under strain.
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Looking ahead, management cut Q2 guidance to revenue growth of just 3% to 8%, a sharp deceleration that signals the company does not expect a quick recovery. Macro headwinds and the regulatory cloud together make that cautious outlook difficult to dismiss, and investors will be watching closely for any signs that the investigation is nearing resolution or that underlying travel demand in China is stabilizing.