Trip.com Group Limited (9961.HK) stock analysis

In our weekly check, Trip.com Group Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2.

About Trip.com Group Limited

Trip.com Group Limited is a Consumer Cyclical company (Travel Services) based in Singapore, listed on HKSE as 9961.HK.

What our checks show for 9961.HK

Red flags

• Analysts expect the net margin to shrink by 10.7 points from today's 37%.
• The stock has fallen as much as 61% from a peak. Would you have held through that?

Warning signs

• Operating cash flow is only 0.59x net profit: part of the reported profit does not arrive as cash.
• Analysts expect earnings per share to shrink about 7.7% a year.
• The price swings a lot: 41.8% annual volatility. Expect large ups and downs.
• Return on capital (ROCE) is only 6.3%.

Strengths

• Debt is low: 0.17x equity.
• Operating profit covers interest 20 times over.
• The net margin rose by 39.7 points over 5 years, to 37%.
• The gross margin is 80.1% and has risen by 3 points: pricing power is holding.
• Revenue grew 48.4% a year over the last 3 years.
• Earnings per share grew 157% a year over the last 3 years.

Next earnings report: 2026-11-23

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Questions

What grade does Trip.com Group Limited (9961.HK) have?

In our weekly check, Trip.com Group Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9961.HK stock?

This week's biggest flags for Trip.com Group Limited: Margins expected to shrink, Deep past fall, Profits not backed by cash. In total 6 of 25 checks show a warning or a red flag.

What does Trip.com Group Limited do?

Trip.com Group Limited is a Consumer Cyclical company (Travel Services) based in Singapore, listed on HKSE as 9961.HK.

When does Trip.com Group Limited report earnings next?

The next earnings report is expected on 2026-11-23. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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