Trip.com Group Full Year 2023 Earnings: EPS Beats Expectations

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Trip.com Group (NASDAQ:TCOM) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥44.5b (up 122% from FY 2022).

  • Net income: CN¥9.92b (up by CN¥8.52b from FY 2022).

  • Profit margin: 22% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue.

  • EPS: CN¥15.19 (up from CN¥2.16 in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Trip.com Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Trip.com Group's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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