Trip.com Group (TCOM) Faces Antitrust Probe Amid Travel Push Is Its Platform Model at Risk?

• Trip.com Group has recently faced an antitrust investigation by Chinese regulators and related class action probes from multiple law firms, while also preparing to report its Q4 2025 results and launching new marketing initiatives such as a global Chinese New Year travel campaign.
• These developments highlight how regulatory scrutiny is now sitting alongside robust travel demand and platform expansion as a central factor in Trip.com Group’s outlook.
• We’ll now examine how the Chinese antitrust investigation, and resulting legal uncertainty, could affect Trip.com Group’s broader investment narrative.

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Trip.com Group Investment Narrative Recap

To own Trip.com Group, you need to believe its position as a leading one stop travel platform can remain intact despite regulatory headwinds and earnings cyclicality. Right now, the clearest short term catalyst is the upcoming Q4 2025 results, while the biggest risk is the Chinese antitrust investigation and related class action probes. The recent regulatory news is material because it directly affects sentiment, legal uncertainty, and potentially future operating practices.

The most relevant recent announcement is Trip.com Group’s confirmation that it will report Q4 and full year 2025 results on February 25–26, 2026. That event now sits against a very different backdrop, with the antitrust probe and pending class action investigations likely to shape how investors interpret any commentary on growth, margins, and platform behavior, even if the underlying travel demand trends and product initiatives remain supportive in the near term.

Yet behind the recovery story, the antitrust probe and securities litigation risk could materially alter how Trip.com Group operates and how investors should think about...

Read the full narrative on Trip.com Group (it's free!)

Trip.com Group's narrative projects CN¥83.3 billion revenue and CN¥23.1 billion earnings by 2028.

Uncover how Trip.com Group's forecasts yield a $86.91 fair value, a 60% upside to its current price.

Exploring Other Perspectives

Three members of the Simply Wall St Community value Trip.com Group between US$86.91 and US$124.30 per share, highlighting wide disagreement on upside. Set against the fresh Chinese antitrust investigation, those differing views underline why you may want to compare multiple risk and return scenarios before forming your own opinion.

Explore 3 other fair value estimates on Trip.com Group - why the stock might be worth over 2x more than the current price!

Build Your Own Trip.com Group Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Trip.com Group research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Trip.com Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Trip.com Group's overall financial health at a glance.

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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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