TCOM 6-K
Trip.com Group Ltd (TCOM)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number: 001-33853
Trip.com Group Limited
(Registrant’s Name)
30 Raffles Place, #29-01
Singapore 048622
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
On September 16, 2026, Hong Kong Time, the Company published its unaudited financial results for the second quarter and first half of 2026 as its interim report for the six months ended June 30, 2026 (the “HK Interim Report”) under Rule 13.48(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”) on the website of The Stock Exchange of Hong Kong Limited. Pursuant to the Hong Kong Listing Rules, the HK Interim Report contains supplemental disclosure of reconciliation of the material differences between the unaudited consolidated financial statements of the Company prepared under the U.S. GAAP and International Financial Reporting Standards, which is attached hereto as Exhibit 99.1.
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Supplemental Disclosure—Reconciliation Between U.S. GAAP and IFRS Accounting Standards | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TRIP.COM GROUP LIMITED | ||||
| By | : | /s/ Cindy Xiaofan Wang | ||
| Name | : | Cindy Xiaofan Wang | ||
| Title | : | Chief Financial Officer | ||
Date: September 16, 2026
Exhibit 99.1
RECONCILIATION BETWEEN U.S. GAAP AND IFRS ACCOUNTING STANDARDS
The unaudited consolidated statements of income for the six months ended June 30, 2026 and the unaudited consolidated balance sheet as of June 30, 2026 (collectively, the “Unaudited Interim Financial Statements”) of Trip.com Group Limited (the “Company”), its subsidiaries, the variable interest entities, and the subsidiaries of the variable interest entities (collectively, the “Group”) are prepared in accordance with the accounting principles generally accepted in the United States of America (the “U.S. GAAP”), and the differences between U.S. GAAP and the International Financial Reporting Standards (the “IFRS Accounting Standards”) issued by the International Accounting Standards Board (together, the “Reconciliation Statement”) have been disclosed in the Appendix – Reconciliation Between U.S. GAAP and IFRS Accounting Standards attached herein.
PricewaterhouseCoopers, the auditor of the Company in Hong Kong, has performed a limited assurance engagement on the Reconciliation Statement in accordance with International Standard on Assurance Engagements 3000 (Revised) “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” issued by the International Auditing and Assurance Standards Board.
Appendix
The Unaudited Interim Financial Statements of the Group are prepared in accordance with U.S. GAAP, which differ in certain respects from IFRS Accounting Standards. The effects of material differences between the Unaudited Interim Financial Statements prepared under U.S. GAAP and IFRS Accounting Standards are as follows:
Reconciliation of unaudited consolidated statements of income
| For the six months ended June 30, 2026 | ||||||||||||||||||||||||||||||||||||||||
| IFRS Accounting Standards adjustments | ||||||||||||||||||||||||||||||||||||||||
| Amounts as reported under U.S. GAAP |
Share- based compensation |
Leases |
Equity securities without readily determinable fair values |
Equity method investments |
Available- for-sale debt investments |
Convertible senior notes |
Software | Business combinations |
Amounts under IFRS Accounting Standards |
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| Note(i) | Note(ii) | Note(iii) | Note(iv) | Note(v) | Note(vi) | Note(vii) | Note(viii) | |||||||||||||||||||||||||||||||||
| RMB (in millions) | ||||||||||||||||||||||||||||||||||||||||
| Product development |
(7,854 | ) | (76 | ) | — | — | — | — | — | — | — | (7,930 | ) | |||||||||||||||||||||||||||
| Sales and marketing |
(7,588 | ) | (12 | ) | — | — | — | — | — | — | — | (7,600 | ) | |||||||||||||||||||||||||||
| General and administrative |
(7,456 | ) | (55 | ) | 1 | — | — | — | — | — | — | (7,510 | ) | |||||||||||||||||||||||||||
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| Income from operations |
2,483 | (143 | ) | 1 | — | — | — | — | — | — | 2,341 | |||||||||||||||||||||||||||||
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| Interest expense |
(232 | ) | — | (18 | ) | — | — | — | 64 | — | 7 | (179 | ) | |||||||||||||||||||||||||||
| Fair value changes on investments measured at fair value through profit or loss |
— | — | — | 3 | — | — | — | — | — | 3 | ||||||||||||||||||||||||||||||
| Fair value changes of convertible senior notes |
— | — | — | — | — | — | 2,602 | — | — | 2,602 | ||||||||||||||||||||||||||||||
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| Income/(loss) before income tax expense and equity in loss of affiliates |
2,353 | (143 | ) | (17 | ) | 3 | — | — | 2,666 | — | 7 | 4,869 | ||||||||||||||||||||||||||||
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| Income tax expense |
(1,692 | ) | — | — | (0 | ) | — | — | — | — | — | (1,692 | ) | |||||||||||||||||||||||||||
| Equity in loss of affiliates |
(581 | ) | — | — | — | (21 | ) | — | — | — | — | (602 | ) | |||||||||||||||||||||||||||
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| Net income/(loss) |
80 | (143 | ) | (17 | ) | 3 | (21 | ) | — | 2,666 | — | 7 | 2,575 | |||||||||||||||||||||||||||
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| For the six months ended June 30, 2025 | ||||||||||||||||||||||||||||||||||||||||
| IFRS Accounting Standards adjustments | ||||||||||||||||||||||||||||||||||||||||
| Amounts as reported under U.S. GAAP |
Share- based compensation |
Leases |
Equity securities without readily determinable fair values |
Equity method investments |
Available- for-sale debt investments |
Convertible senior notes |
Software | Business combinations |
Amounts under IFRS Accounting Standards |
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| Note(i) | Note(ii) | Note(iii) | Note(iv) | Note(v) | Note(vi) | Note(vii) | Note(viii) | |||||||||||||||||||||||||||||||||
| RMB (in millions) | ||||||||||||||||||||||||||||||||||||||||
| Product development |
(7,025 | ) | (81 | ) | — | — | — | — | — | — | — | (7,106 | ) | |||||||||||||||||||||||||||
| Sales and marketing |
(6,325 | ) | (15 | ) | — | — | — | — | — | — | — | (6,340 | ) | |||||||||||||||||||||||||||
| General and administrative |
(2,135 | ) | (81 | ) | 21 | — | — | — | — | — | — | (2,195 | ) | |||||||||||||||||||||||||||
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| Income from operations |
7,665 | (177 | ) | 21 | — | — | — | — | — | — | 7,509 | |||||||||||||||||||||||||||||
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| Interest expense |
(551 | ) | — | (16 | ) | — | — | — | 67 | — | — | (500 | ) | |||||||||||||||||||||||||||
| Fair value changes on investments measured at fair value through profit or loss |
— | — | — | 9 | — | 37 | — | — | — | 46 | ||||||||||||||||||||||||||||||
| Fair value changes of convertible senior notes |
— | — | — | — | — | — | 1,284 | — | — | 1,284 | ||||||||||||||||||||||||||||||
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| Income/(loss) before income tax expense and equity in income/(loss) of affiliates |
10,614 | (177 | ) | 5 | 9 | — | 37 | 1,351 | — | — | 11,839 | |||||||||||||||||||||||||||||
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| Income tax expense |
(1,636 | ) | — | — | (1 | ) | — | — | — | — | — | (1,637 | ) | |||||||||||||||||||||||||||
| Equity in income/(loss) of affiliates |
216 | — | — | — | (1 | ) | — | — | — | — | 215 | |||||||||||||||||||||||||||||
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| Net income/(loss) |
9,194 | (177 | ) | 5 | 8 | (1 | ) | 37 | 1,351 | — | — | 10,417 | ||||||||||||||||||||||||||||
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Reconciliation of unaudited consolidated balance sheets
| As of June 30, 2026 | ||||||||||||||||||||||||||||||||||||||||
| IFRS Accounting Standards adjustments | ||||||||||||||||||||||||||||||||||||||||
| Amounts as reported under U.S. GAAP |
Share- based compensation |
Leases |
Equity securities without readily determinable fair values |
Equity method investments |
Available- for-sale debt investments |
Convertible senior notes |
Software | Business combinations |
Amounts under IFRS Accounting Standards |
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| Note(i) | Note(ii) | Note(iii) | Note(iv) | Note(v) | Note(vi) | Note(vii) | Note(viii) | |||||||||||||||||||||||||||||||||
| RMB (in millions) | ||||||||||||||||||||||||||||||||||||||||
| Intangible assets and land use rights |
12,947 | — | (149 | ) | — | — | — | — | 202 | — | 13,000 | |||||||||||||||||||||||||||||
| Property, equipment and software |
5,767 | — | — | — | — | — | — | (202 | ) | — | 5,565 | |||||||||||||||||||||||||||||
| Investments |
51,361 | — | — | (332 | ) | 248 | (1,402 | ) | — | — | — | 49,875 | ||||||||||||||||||||||||||||
| Investments measured at fair value through profit or loss |
— | — | — | 431 | — | 1,402 | — | — | — | 1,833 | ||||||||||||||||||||||||||||||
| Goodwill |
62,196 | — | — | — | — | — | — | — | (213 | ) | 61,983 | |||||||||||||||||||||||||||||
| Right-of-use assets |
854 | — | 35 | — | — | — | — | — | — | 889 | ||||||||||||||||||||||||||||||
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| Total assets |
259,089 | — | (114 | ) | 99 | 248 | — | — | — | (213 | ) | 259,109 | ||||||||||||||||||||||||||||
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| Short-term debt and current portion of long-term debt |
25,767 | — | — | — | — | — | (88 | ) | — | — | 25,679 | |||||||||||||||||||||||||||||
| Other payables and accruals |
25,750 | — | — | — | — | — | (5 | ) | — | — | 25,745 | |||||||||||||||||||||||||||||
| Deferred tax liabilities |
4,233 | — | — | 12 | — | — | — | — | — | 4,245 | ||||||||||||||||||||||||||||||
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| Total liabilities |
98,285 | — | — | 12 | — | — | (93 | ) | — | — | 98,204 | |||||||||||||||||||||||||||||
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| Total equity |
160,804 | — | (114 | ) | 87 | 248 | — | 93 | — | (213 | ) | 160,905 | ||||||||||||||||||||||||||||
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| As of December 31, 2025 | ||||||||||||||||||||||||||||||||||||||||
| IFRS Accounting Standards adjustments | ||||||||||||||||||||||||||||||||||||||||
| Amounts as reported under U.S. GAAP |
Share- based compensation |
Leases |
Equity securities without readily determinable fair values |
Equity method investments |
Available- for-sale debt investments |
Convertible senior notes |
Software | Business combinations |
Amounts under IFRS Accounting Standards |
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| Note(i) | Note(ii) | Note(iii) | Note(iv) | Note(v) | Note(vi) | Note(vii) | Note(viii) | |||||||||||||||||||||||||||||||||
| RMB (in millions) | ||||||||||||||||||||||||||||||||||||||||
| Intangible assets and Land use rights |
13,013 | — | (151 | ) | — | — | — | — | 188 | — | 13,050 | |||||||||||||||||||||||||||||
| Property, equipment and software |
5,445 | — | — | — | — | — | — | (188 | ) | — | 5,257 | |||||||||||||||||||||||||||||
| Investments |
61,375 | — | — | (338 | ) | 269 | (970 | ) | — | — | — | 60,336 | ||||||||||||||||||||||||||||
| Investments measured at fair value through profit or loss |
— | — | — | 435 | — | 970 | — | — | — | 1,405 | ||||||||||||||||||||||||||||||
| Goodwill |
62,268 | — | — | — | — | — | — | — | (213 | ) | 62,055 | |||||||||||||||||||||||||||||
| Right-of-use assets |
881 | — | 54 | — | — | — | — | — | — | 935 | ||||||||||||||||||||||||||||||
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| Total assets |
267,387 | — | (97 | ) | 97 | 269 | — | — | — | (213 | ) | 267,443 | ||||||||||||||||||||||||||||
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| Other payables and accruals |
9,897 | — | — | — | — | — | (5 | ) | — | — | 9,892 | |||||||||||||||||||||||||||||
| Long-term debt |
11,430 | — | — | — | — | — | 2,584 | — | — | 14,014 | ||||||||||||||||||||||||||||||
| Deferred tax liabilities |
3,949 | — | — | 12 | — | — | — | — | — | 3,961 | ||||||||||||||||||||||||||||||
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| Total liabilities |
94,787 | — | — | 12 | — | — | 2,579 | — | — | 97,378 | ||||||||||||||||||||||||||||||
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| Total equity |
172,600 | — | (97 | ) | 85 | 269 | — | (2,579 | ) | — | (213 | ) | 170,065 | |||||||||||||||||||||||||||
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Notes:
Basis of Preparation
The Directors of the Company are responsible for preparation of the Reconciliation Statement in accordance with the relevant requirements of the Hong Kong Listing Rules and relevant guidance in HKEX-GL111-22. The Reconciliation Statement was prepared based on the Group’s Unaudited Interim Financial Statements prepared under U.S. GAAP, with adjustments made (if any) thereto in arriving at the unaudited financial information of the Group prepared under IFRS Accounting Standards. The adjustments reflect the differences between the Group’s accounting policies under U.S. GAAP and IFRS Accounting Standards.
(i) Share-based compensation
Under U.S. GAAP, the Company has elected to recognize compensation expense using the straight-line method for all employee equity awards granted with graded vesting over the requisite service period.
Under IFRS Accounting Standards, the graded vesting method is required to recognize compensation expense for all employee equity awards granted with graded vesting.
(ii) Leases
Under U.S. GAAP, for operating leases, the amortization of right-of-use assets and the interest expense element of lease liabilities are recorded together as lease expenses, which are measured on a straight-line basis and are recorded in the consolidated statements of income/(loss).
Under IFRS Accounting Standards, the right-of-use assets are generally depreciated on a straight-line basis while the interest expense related to the lease liabilities are measured under the effective interest method, which results in higher expenses at the beginning of the lease term and lower expenses near the end of the lease term.
(iii) Equity securities without readily determinable fair values
Under U.S. GAAP, the Company elected to measure an equity security without a readily determinable fair value using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes reported in the profit or loss.
Under IFRS Accounting Standards, the Company measured the investments in equity instruments at fair value through profit or loss (FVTPL). Fair value changes of these investments are recognized in the profit or loss.
(iv) Equity method investments
Under U.S. GAAP and IFRS Accounting Standards, the investor should adjust the results of its associates to align the investee’s accounting policies with its own policies. The reconciliation items mainly arise from different accounting the associates applied under each GAAP.
(v) Available-for-sale debt investments
Under U.S. GAAP, the available-for-sale debt investments classified within Level 3 are valued based on a model utilizing unobservable inputs which require significant management judgment and estimation. The Company reports available-for-sale debt investments at fair value at each balance sheet date with the aggregate unrealized gains and losses, net of tax, reflected in “Accumulated other comprehensive loss” in the consolidated balance sheets. Upon sale, realized gains and losses are reported in net income.
Under IFRS Accounting Standards, since those investments do not meet the definition of the equity instrument from the perspective of issuer, and the contractual cashflow could not pass the Solely Payments of Principal and Interest (the “SPPI”) test, thus they are required to be classified as financial assets measured at fair value with fair value changes recognized in the profit or loss.
(vi) Convertible senior notes
Under U.S. GAAP, the Company’s convertible notes are elected to be measured at amortized cost, with any difference between the initial carrying value and the repayment amount recognized as interest expense using effective interest method over the period from issuance date to maturity date.
Under IFRS Accounting Standards, the Company’s convertible notes are designated as at fair value through profit or loss such that the convertible notes are initially recognized at fair value. Subsequent to initial recognition, the amounts of changes in fair value of the convertible notes that are attributed to changes in own credit risk are presented in other comprehensive income and the remaining fair value changes are presented in the profit or loss.
(vii) Software
Under U.S. GAAP, software is reported under property, equipment and software.
Under IFRS Accounting Standards, software is reported under the intangible asset category. Accordingly, software is reclassified from property, equipment and software to intangible assets.
(viii) Business combinations
In 2025, the Company acquired a majority equity interest in a company (the “acquiree”). Under the terms of the transaction agreements, the Company is also obligated to purchase a portion of the remaining equity interest (the “Equity Interest”) of the acquiree on a specified date (or earlier if triggered by certain events) at a price determined by a predetermined formula (the “Purchase Obligation”).
Under US GAAP, given that the purchase obligation is certain to occur and bundled with the acquisition, the Equity Interest was not recognized as a non-controlling interest, instead the related Purchase Obligation was recognized as a financial liability at the acquisition date and subsequently measured at fair value, with fair value changes recognized in the income statement. This financial liability was treated as part of the purchase consideration when applying acquisition accounting.
Under IFRS Accounting Standards, as it is considered that the Company undertakes the obligation to purchase the Equity Interest at fair value, the risk and reward of the shares reside with non-controlling interests. Therefore, the Company recognizes the Equity Interest as non-controlling interest on the acquisition date. IFRS Accounting Standards also requires the Purchase Obligation to be initially recognized as a separate financial liability (with the corresponding amount debited in equity) on the acquisition date, and the Company has elected to record subsequent changes in the carrying amount of the financial liability in equity. The financial liability was not considered as part of the purchase consideration when applying acquisition accounting. The accounting treatment under IFRS Accounting Standards resulted in a lower purchase consideration and therefore, lower goodwill recognized from the acquisition, compared with US GAAP.