TCOM Q3 2023 Earnings Report — Trip.com Group Limited Revenue & Financial Results | Market Cap Arena

Trip.com Group LimitedTCOM

Q3 2023 Earnings

Reported November 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$2.0B	$1.6B	$1.0B	22.2%	99.4%
Op. Income	$571M	$435M	$125M	31.3%	357.7%
Gross Margin	82.0%	82.2%	81.6%	-0.1pp	0.5pp
Net Margin	33.6%	5.6%	3.9%	28.0pp	29.7pp
EPS (Diluted)	$1.00	$0.14	$0.03	627.7%	3009.1%
Free Cash Flow	$8M	$8M	$9M	-3.1%	-9.8%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$360M
GROSS PROFIT	$1.6B
R&D Expenses	$523M
Selling & Marketing	$403M
General & Administrative	$150M
SG&A Expenses	$553M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$1.4B
OPERATING INCOME	$571M
Interest Income	$79M
Interest Expense	$77M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$743M
Income Tax Expense	$65M
Net Income from Continuing Ops	$678M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$32M
EBIT	$571M
EBITDA	$603M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$360M
GROSS PROFIT	$1.6B
R&D Expenses	$523M
Selling & Marketing	$403M
General & Administrative	$150M
SG&A Expenses	$553M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$1.4B
OPERATING INCOME	$571M
Interest Income	$79M
Interest Expense	$77M
Other Income/Expenses	$172M
INCOME BEFORE TAX	$743M
Income Tax Expense	$65M
Net Income from Continuing Ops	$678M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$32M
EBIT	$571M
EBITDA	$603M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$674M
Depreciation & Amortization	$0
Stock-Based Compensation	$74M
Deferred Income Tax	$0
Other Non-Cash Items	-$740M
Change in Working Capital	$0
OPERATING CASH FLOW	$8M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$8M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.5B
Short-Term Investments	$3.5B
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$2.8B
TOTAL CURRENT ASSETS	$13.7B
PP&E (Net)	$850M
Goodwill	$8.7B
Intangible Assets	$1.9B
Long-Term Investments	$7.8B
Tax Assets	$281M
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$19.6B
TOTAL ASSETS	$33.2B
Account Payables	$2.7B
Short-Term Debt	$4.5B
Deferred Revenue	$2.1B
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$11.7B
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$531M
Other Non-Current Liabilities	$53M
TOTAL NON-CURRENT LIABILITIES	$3.5B
TOTAL LIABILITIES	$15.2B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$17.9B
TOTAL STOCKHOLDERS' EQUITY	$17.9B
Minority Interest	$116M
TOTAL EQUITY	$18.1B
TOTAL LIABILITIES & EQUITY	$33.2B
Total Debt	$7.4B
Net Debt	$1.9B