Keating Wang's questions to Trip.com Group (TCOM) leadership • Q2 2025
Question
Keating Wang from CICC requested an update on the company's previous share buyback program and more details on the newly announced US$5 billion capital return program.
Answer
CEO Jane Sun confirmed that the company had fully utilized its authorized quota for the year, repurchasing around 7 million ADRs for a capital yield of about 1.5%. She explained that the new US$5 billion program is a multi-year initiative funded by recent deal proceeds and cash, with the objective of at least mitigating ESOP dilution and potentially reducing the overall share count.