Trip.com Group Ltd cash flow statement

In fiscal 2025, Trip.com Group Ltd's operations generated $2.00bn of cash; it spent $111m on capital projects, leaving free cash flow of $1.89bn. It returned $198m in dividends and $612m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Trip.com Group Ltd: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	150	229	286	262	399	318	485	794	1,047	1,078	1,062	−554	384	393	3,110	2,728	2,001
Depreciation and amortisation	7	9	12	14	18	28	41	69	73	83	95	115	112	94	89	91	90
Stock-based pay	19	36	53	68	71	81	102	536	272	259	248	271	261	177	259	284	316
Capital spending	26	24	32	86	106	777	102	103	70	102	119	77	88	74	86	82	111
Free cash flow	125	205	255	176	293	−459	384	691	977	976	943	−631	295	319	3,024	2,645	1,890
Free cash flow after stock pay	106	169	202	108	222	−540	281	155	705	718	695	−903	35	142	2,765	2,362	1,574
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	198
Share buybacks	0	0	25	275	—	72	139	—	—	—	—	—	—	—	229	302	612
Shares issued	0	231	0	—	—	—	—	1,605	—	—	—	—	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Trip.com Group Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Trip.com Group Ltd.