Trip.com Group announces 4th quarter earnings, leadership shake up

With travel demand helping to lift earnings, Trip.com Group reported a 21 percent rise in its fourth-quarter revenue on Thursday, and also announced a series of board changes.

The company — China's largest online travel platform — said net revenue for the three month period ending on Dec 31 reached 15.4 billion yuan ($2.1 billion), up 21 percent from a year earlier. Net profit for the quarter was 4.3 billion yuan.

Revenue fell 16 percent from the previous quarter, which the company attributed mainly to seasonal factors.

For the full year 2025, Trip.com Group posted net revenue of 62.4 billion yuan, up 17 percent year-on-year. Net profit more than doubled to 33.4 billion yuan, compared with 17.2 billion yuan in 2024.

The company said the increase was mainly due to investment gains recorded under other income and expenses. Investment gains totaled 19.9 billion yuan in 2025, compared with 1.1 billion yuan a year earlier.

Separately, Trip.com Group said board changes took effect on Wednesday.

Fan Min has resigned as a director and president of the company, while Ji Qi has stepped down as a director, according to a company statement.

Fan was among the company's founding members in 1999 and served as executive vice-president starting in 2000, later becoming chief operating officer. In 2013, he was appointed vice chairman of the board and president.

Ji, a co-founder of the company, previously served as chief executive officer. He became an independent director in 2008 and was appointed executive chairman of the board in August 2009.

Trip.com Group said it has appointed Wu Yihong and Xiao Yang as new independent directors.