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Tripadvisor, Inc. (TRIP) stock

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NASDAQ: TRIP Nasdaq Interactive Media & Services Next results ~November 5, 2026

C+ Fundamentals grade

Tripadvisor, Inc. runs online travel platforms that help people find, book and review experiences, hotels and restaurants. It operates three consumer brands: Viator, a marketplace for tours and activities; Tripadvisor, a travel guidance site built around traveller-submitted reviews and planning tools; and TheFork, a restaurant booking service in Europe. Viator and Tripadvisor both draw on a shared supply platform offering over 425,000 bookable experiences supplied by 70,000 operators.

The firm earns money in several ways. Its experiences business takes commissions on completed bookings. The hotel and restaurant guidance platform relies mainly on click-based advertising, charging partners per click or per acquisition, alongside impression-based media advertising. TheFork collects a fee for each seated diner plus subscription fees for its reservation software.

The company reports in three segments: Experiences (Viator and Tripadvisor), Hotels and Other (which includes the Cruise Critic brand), and TheFork, with over 50,000 restaurants in 11 European countries. Tripadvisor hosts more than one billion reviews covering over nine million places, drawing hundreds of millions of visitors each year across over 40 countries and more than 20 languages.

Based on Tripadvisor, Inc.'s 10-K filed February 13, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 128% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 128% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Tripadvisor, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds148 adding, 135 cuttingOf 44 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tripadvisor files

Where Tripadvisor stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.79bn, down 1.6% on a year earlier, slower than -0.9% a quarter earlier. That puts it 21 of 23 for growth among the internet and data companies we cover. Free-cash-flow margin fell to 7.4% from 9.9% a year earlier. Operating margin narrowed to 2.7% from 6.2%. The diluted share count is down 14.4% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 4 of our 7 financial-health checks. At that price, our model says the market is pricing in about 10.6% a year of cash-flow growth for five years, slower than the 14.7% a year revenue growth it has delivered.

Our model value for Tripadvisor is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Tripadvisor, Inc.'s trailing-twelve-month revenue fell 1.6% year on year, with a free-cash-flow margin of 7.4%. Where it stands out: change in share count of -14.4% ranks 2 of 55 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$12 per share in the base case (~$8.7–$16 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 26.3% while net income fell 92.3%: a 66pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 14.4% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 1.6% over the last 12 months.
  • Margins narrowing. Operating margin is down 3.5 points on a year ago.
  • High earnings multiple. The shares trade at 229 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 55% and a beta of 1.1 against the S&P 500.
  • Heavily shorted. 38.8% of the shares available to trade are sold short (10.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.35 against an average estimate of $0.38: missed by 7.4%
Revenue
$442m, down 7.2% on a year earlier
Share reaction
-22.9% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.45

Tripadvisor's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.4%
  • 1 week+2.2%
  • 1 month+10.9%
  • This year-35.2%
  • 1 year-41.2%
  • 5 years-71.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
2.7%
Net margin
0.3%
EPS (TTM, diluted)
$0.04

Growth

Revenue growth
−1.6%
Change in growth rate
−0.7 pts
Share count change
−14.4%

Cash

Free cash flow (TTM)
$133M
FCF margin
7.4%
Stock pay % of revenue
5.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Results
  3. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tripadvisor, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 128% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Tripadvisor, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.19 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$10 ~$8.6–$18 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.2 ~$0.8–$2.0 Left out: out of range vs price (0.13x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tripadvisor, Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$75.81$41.24$30.64$47.97$30.38$28.78$27.26$17.98$21.53$14.77$14.56$9.44
Market value$11.1bn$6.1bn$4.3bn$6.7bn$4.3bn$3.9bn$3.7bn$2.6bn$3.1bn$2.1bn$1.9bn$1.1bn
+ Net debt (− = net cash)−$413m−$441m−$436m−$655m−$319m$73m$110m−$185m−$228m−$228m$194m−$19m
Enterprise value$10.7bn$5.6bn$3.9bn$6.1bn$4.0bn$4.0bn$3.9bn$2.4bn$2.9bn$1.9bn$2.1bn$1.1bn
Multiples
Price / sales 7.4x4.1x2.8x4.2x2.7x6.4x4.1x1.8x1.7x1.2x1.0x0.6x
Price / earnings 55.9x50.5x—59.6x33.9x——131.0xn/mn/m47.7xn/m
Price / free cash flow 35.8x24.3x24.7x19.6x12.5x—69.3x7.6x18.1x30.6x11.7x8.6x
EV / EBITDA 36.9x23.9x19.1x20.3x12.6x——12.3x13.6x10.8x12.2x8.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Tripadvisor's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -0.4% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.7%; its worst year was -41.1%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 9 of 10 years, at a median 10.8% of revenue.

  • Discipline 14 / 20

    The diluted share count fell 10.3% over five years; stock-based pay has been a median 6.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $452m and EPS of $0.45 (range $0.36 to $0.65) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.84 −34% $1.6bn −17%
Next $1.07 +28% $1.6bn +1%

Next year's EPS estimate has moved −32.9% in 90 days, across 12 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −36.1% on 90 days ago. In the last 30 days, 0 analysts raised Tripadvisor, Inc.'s forecast and 12 cut it.

Consensus EPS forecast Tripadvisor, Inc., last 90 days
$0.80 $1.00 $1.20 $1.40 $1.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.31 Current fiscal year, 60 days ago: $0.85 Current fiscal year, 30 days ago: $0.85 Current fiscal year, 7 days ago: $0.84 Current fiscal year, Now: $0.84 $0.84 Next fiscal year, 90 days ago: $1.59 Next fiscal year, 60 days ago: $1.07 Next fiscal year, 30 days ago: $1.07 Next fiscal year, 7 days ago: $1.07 Next fiscal year, Now: $1.07 $1.07

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.31$1.59
60 days ago $0.85$1.07
30 days ago $0.85$1.07
7 days ago $0.84$1.07
Now $0.84$1.07

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.38 $0.35 −7.4%
Mar 2026 −$0.07 −$0.11 −68.6%
Dec 2025 $0.13 $0.04 −69.6%
Sept 2025 $0.55 $0.65 +17.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Tripadvisor, Inc.'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

16 analysts, Nov 2026
Buy531%
Hold744%
Sell425%

Monthly trend

  1. Nov 2026472216
  2. Oct 2026482217
  3. Sep 2026482217

Counts of recommendations published by analysts covering Tripadvisor, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
38.8%
of tradable shares
Days to cover
10.43
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares
Employees
2,465
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −41.2%

$16.06 on October 31, 2025 to $9.44

ThenNowEffect
Revenue (last 12 months) $1.8bn $1.8bn −1.6%
Net margin 3.6% 0.3% −92.2%
P/E multiple 35.1x n/m +554.0%
Share count 142m 121m +16.8%

Biggest factor: net margin.

Last 3 years −40.1%

$15.75 on November 3, 2023 to $9.44

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.8bn +6.6%
P/S multiple 1.4x 0.6x −53.3%
Share count 146m 121m +20.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TRIP−5%−34%+20%−31%−1%−35%
Industry peers (median)−26%−54%−6%−19%−16%−22%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TRIP33%33%50%42%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TRIP−61%−43%−44%−55%−42%−46%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 90% from December 16, 2015 to September 23, 2026. Getting back needed a 861% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$8.04 – $15.85
From 52-week high
−40.4%
vs 50-day average
+4.2%
vs 200-day average
−14.1%
Volatility (1 year)
55%
Beta vs S&P 500
1.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±13.5%
After a week
4 up, 8 down
typical move ±14.0%
After a month
5 up, 7 down
typical move ±13.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −22.9% +0.5% −21.6% −33.3%
May 7, 2026 −6.5% +0.5% −14.1% +5.6%
February 12, 2026 −21.0% −1.5% −11.1% −21.7%
November 6, 2025 −0.1% −1.0% −4.2% −2.9%
August 7, 2025 +9.0% +0.7% +9.4% +5.5%
May 7, 2025 +17.1% +1.1% +23.1% +10.7%
February 20, 2025 −14.6% −2.1% −18.4% −15.9%
November 6, 2024 −6.2% +3.3% −12.7% −13.1%
August 6, 2024 −13.8% +0.2% −12.4% −11.8%
May 8, 2024 −28.1% +0.6% −25.9% −27.1%
February 14, 2024 +8.6% +1.6% +6.0% +7.4%
November 6, 2023 +13.5% +0.5% +8.7% +12.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Tripadvisor, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Tripadvisor, Inc.
$1.8B $1.8B $1.9B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.8B Revenue (TTM), FY23 Q4: $1.8B Revenue (TTM), FY24 Q1: $1.8B Revenue (TTM), FY24 Q2: $1.8B Revenue (TTM), FY24 Q3: $1.8B Revenue (TTM), FY24 Q4: $1.8B Revenue (TTM), FY25 Q1: $1.8B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.8B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.8B
FY23 Q4 $1.8B
FY24 Q1 $1.8B
FY24 Q2 $1.8B
FY24 Q3 $1.8B
FY24 Q4 $1.8B
FY25 Q1 $1.8B
FY25 Q2 $1.8B
FY25 Q3 $1.8B
FY25 Q4 $1.8B
FY26 Q1 $1.8B
FY26 Q2 $1.8B
Revenue growth, TTM YoY Tripadvisor, Inc.
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 27.0% Revenue growth, TTM YoY, FY23 Q4: 19.8% Revenue growth, TTM YoY, FY24 Q1: 13.2% Revenue growth, TTM YoY, FY24 Q2: 8.2% Revenue growth, TTM YoY, FY24 Q3: 3.5% Revenue growth, TTM YoY, FY24 Q4: 2.6% Revenue growth, TTM YoY, FY25 Q1: 1.4% Revenue growth, TTM YoY, FY25 Q2: 0.1% Revenue growth, TTM YoY, FY25 Q3: 1.3% Revenue growth, TTM YoY, FY25 Q4: 0.2% Revenue growth, TTM YoY, FY26 Q1: -0.9% Revenue growth, TTM YoY, FY26 Q2: -1.6% -1.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 27.0%
FY23 Q4 19.8%
FY24 Q1 13.2%
FY24 Q2 8.2%
FY24 Q3 3.5%
FY24 Q4 2.6%
FY25 Q1 1.4%
FY25 Q2 0.1%
FY25 Q3 1.3%
FY25 Q4 0.2%
FY26 Q1 -0.9%
FY26 Q2 -1.6%
Operating margin (TTM) Tripadvisor, Inc.
2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 4.7% Operating margin (TTM), FY23 Q4: 7.0% Operating margin (TTM), FY24 Q1: 6.9% Operating margin (TTM), FY24 Q2: 6.4% Operating margin (TTM), FY24 Q3: 6.8% Operating margin (TTM), FY24 Q4: 5.0% Operating margin (TTM), FY25 Q1: 4.9% Operating margin (TTM), FY25 Q2: 6.2% Operating margin (TTM), FY25 Q3: 6.1% Operating margin (TTM), FY25 Q4: 4.3% Operating margin (TTM), FY26 Q1: 3.8% Operating margin (TTM), FY26 Q2: 2.7% 2.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 4.7%
FY23 Q4 7.0%
FY24 Q1 6.9%
FY24 Q2 6.4%
FY24 Q3 6.8%
FY24 Q4 5.0%
FY25 Q1 4.9%
FY25 Q2 6.2%
FY25 Q3 6.1%
FY25 Q4 4.3%
FY26 Q1 3.8%
FY26 Q2 2.7%
FCF margin (TTM) Tripadvisor, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 8.7% FCF margin (TTM), FY23 Q4: 9.6% FCF margin (TTM), FY24 Q1: 9.7% FCF margin (TTM), FY24 Q2: 6.7% FCF margin (TTM), FY24 Q3: 3.4% FCF margin (TTM), FY24 Q4: 3.8% FCF margin (TTM), FY25 Q1: 1.6% FCF margin (TTM), FY25 Q2: 9.9% FCF margin (TTM), FY25 Q3: 14.1% FCF margin (TTM), FY25 Q4: 8.9% FCF margin (TTM), FY26 Q1: 10.0% FCF margin (TTM), FY26 Q2: 7.4% 7.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 8.7%
FY23 Q4 9.6%
FY24 Q1 9.7%
FY24 Q2 6.7%
FY24 Q3 3.4%
FY24 Q4 3.8%
FY25 Q1 1.6%
FY25 Q2 9.9%
FY25 Q3 14.1%
FY25 Q4 8.9%
FY26 Q1 10.0%
FY26 Q2 7.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Tripadvisor took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $1.9B
  2. Cost of revenue $145M · 7.7%
  3. Gross profit $1.7B · 92.3%
  4. Selling, general and admin $68M · 3.6%
  5. Other operating costs $1.6B · 84.5%
  6. Operating income $80M · 4.2%
  7. Interest and other $35M · 1.9%
  8. Net income $40M · 2.1%

Shares of revenue. Source: Tripadvisor's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 352 485 637 763 945 1,246 1,492 1,480 1,556 1,615 1,560 604 902 1,492 1,788 1,835 1,891 1,788
Gross profit 348 477 626 751 — — — — — — — — — 1,414 1,669 1,707 1,746 1,647
EBITDA 178 239 291 316 324 387 289 235 203 299 313 −204 −20 198 213 177 172 140
Operating income 168 226 273 296 294 340 232 166 124 183 187 −329 −131 101 126 92 80 49
Net income 102 139 178 194 205 226 198 120 −19 113 126 −289 −148 20 10 5 40 5
Diluted EPS $0.77 $1.04 $1.32 $1.37 $1.41 $1.55 $1.36 $0.82 −$0.14 $0.81 $0.89 −$2.14 −$1.08 $0.14 $0.08 $0.04 $0.31 $0.04
Growth (year on year)
Revenue — +37.6% +31.5% +19.8% +23.9% +31.9% +19.7% −0.8% +5.1% +3.8% −3.4% −61.3% +49.3% +65.4% +19.8% +2.6% +3.1% −1.6%
EBITDA — +34.7% +21.7% +8.5% +2.5% +19.4% −25.3% −18.7% −13.6% +47.3% +4.7% −165.2% — — +7.6% −16.9% −2.8% −28.1%
Operating income — +34.6% +20.5% +8.5% −0.7% +15.6% −31.8% −28.4% −25.3% +47.6% +2.2% −275.9% — — +24.8% −27.0% −13.0% −56.8%
Net income — +35.5% +28.0% +9.2% +5.7% +10.2% −12.4% −39.4% −115.8% — +11.5% −329.4% — — — — — −92.3%
Diluted EPS — +35.1% +26.9% +3.8% +2.9% +9.9% −12.3% −39.7% −117.1% — +9.9% −340.4% — — — — — −91.0%
Margins
Gross margin 98.7% 98.5% 98.3% 98.4% — — — — — — — — — 94.8% 93.3% 93.0% 92.3% 92.1%
EBITDA margin 50.4% 49.4% 45.7% 41.4% 34.3% 31.1% 19.4% 15.9% 13.0% 18.5% 20.1% −33.8% −2.2% 13.3% 11.9% 9.6% 9.1% 7.8%
Operating margin 47.8% 46.7% 42.8% 38.8% 31.1% 27.3% 15.5% 11.2% 8.0% 11.3% 12.0% −54.5% −14.5% 6.8% 7.0% 5.0% 4.2% 2.7%
Net margin 29.1% 28.6% 27.9% 25.4% 21.7% 18.1% 13.3% 8.1% −1.2% 7.0% 8.1% −47.8% −16.4% 1.3% 0.6% 0.3% 2.1% 0.3%
Free-cash-flow margin 31.8% 36.7% 30.9% 27.5% 31.2% 26.2% 20.7% 16.8% 11.2% 21.3% 21.9% −41.2% 6.0% 23.1% 9.6% 3.8% 8.6% 7.4%
Cash flow
Cash from operations 126 197 218 239 350 407 418 321 238 405 424 −194 108 400 235 144 245 203
Capital spending 14 19 21 29 55 81 109 72 64 61 83 55 54 56 63 74 82 70
Free cash flow 112 178 197 210 295 326 309 249 174 344 341 −249 54 344 172 70 163 133
Stock-based pay 6 7 17 30 49 63 72 85 96 118 124 109 120 88 96 120 108 90
Free cash flow after stock pay 106 171 179 180 246 263 237 164 78 226 217 −358 −66 256 76 −50 55 43
Balance sheet
Cash 31 93 183 367 351 455 614 612 673 655 319 418 723 1,021 1,067 1,064 978 843
Total debt 0 0 400 420 380 378 201 171 237 — 0 491 833 836 839 836 1,172 824
Net debt (negative = net cash) −31 −93 217 53 29 −77 −413 −441 −436 −655 −319 73 110 −185 −228 −228 194 −19
Diluted shares 133m 133m 135m 141m 145m 146m 146m 147m 140m 140m 141m 135m 137m 146m 145m 145m 131m 121m
Returned to shareholders
Dividends — — — — — — — — — — 488 — — — — — — —
Buybacks — — — — 145 — — 105 250 100 60 115 0 0 100 25 90 —
Total returned — — — — 145 — — 105 250 100 548 115 0 0 100 25 90 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $2.5bn
Short-term assets $1.4bnLonger-term assets $1.1bn
What it owes, and who funded it · $2.5bn
Short-term liabilities $899mLonger-term liabilities $970mShareholders' equity $663m
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $899m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $970m of longer-dated liabilities.
  • More cash than debt $843m of cash against $824m of debt.
  • Debt below 40% of shareholders' equity Debt is 124% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 106% to 124% over five years.
  • A year's operating cash flow covers at least 20% of debt $203m of operating cash flow against $824m of debt.
  • Operating profit covers interest at least five times over Operating income of $49m against $64m of interest.

From Tripadvisor, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$215M
Diluted share count
−14.4%
year over year
Days sales outstanding
47 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated TRIP WB JOYY MOMO YELP WBTN Median
Revenue, last 12 months $1.8bn $1.8bn $2.1bn $1.5bn $1.5bn $1.4bn $615m
Revenue growth, last 12 months −1.6% 0.1% −5.1% 2.4% 1.5% −0.5% 2.4%
Revenue growth, 3-year average 2.1% 110.5% — 679.6% 5.1% — 5.0%
Revenue growth, latest quarter −7.2% — — — 1.4% −2.8% 2.4%
Gross margin 92.1% 76.0% 35.9% 37.8% 92.4% 24.4% 60.4%
Operating margin 2.7% 26.5% 2.6% 13.1% 11.7% −3.8% 0.3%
Operating margin, 3-year average 5.1% 30.9% 7.3% 8.0% 11.0% −4.9% −0.4%
Net margin 0.3% 25.6% 98.8% 7.8% 8.6% −25.1% 3.8%
Cash from operations / revenue 11.4% 29.6% 14.2% 11.4% 23.7% 0.4% 11.4%
Free-cash-flow margin 7.4% 27.2% 7.5% 6.7% 20.2% −0.3% 7.5%
Free-cash-flow margin, 3-year average 8.0% 35.6% 13.8% 15.6% 19.8% 1.3% 7.2%
Stock pay / revenue 5.0% 2.4% 1.2% 1.6% 8.3% 2.6% 3.7%
Change in share count −14.4% 1.3% −8.0% −9.4% −11.1% 2.4% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth -1.6% 2.4% 44 of 63
Change in growth rate Growth -0.7pp -0.2pp 35 of 63
Gross margin Profitability 92.1% 60.9% 5 of 54
Operating margin Profitability 2.7% 0.3% 29 of 63
Net margin Profitability 0.3% 3.8% 34 of 63
Free-cash-flow margin Cash generation 7.4% 8.9% 32 of 59
Stock pay as % of revenue Cash generation 5.0% 3.9% 34 of 61
Long-term debt as % of assets Balance sheet 32.2% 16.9% 22 of 32
Change in share count Balance sheet -14.4% 1.7% 2 of 55
Days sales outstanding Balance sheet 47 days 49 days 27 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1.3B 68.1% ▲ 4.7%
All Other Countries $302M 16.0% ▲ 11.4%
United Kingdom $301M 15.9% ▼ 9.9%

From Tripadvisor, Inc.'s 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
288
Shares held vs prior quarter
▲ 0.1%
Positions opened / closed
48 / 46

Top buyers and sellers, Q2 2026: 148 institutions bought and 135 sold ; the biggest buyer was Rubric Capital Management LP (+2.4M shares) and the biggest seller Starboard Value LP (−5.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $239M 17.4M 13.3% ▲ 3.7%
Ameriprise Financial Inc $145M 10.5M 8.0% ▲ 26.2%
Nuveen, LLC $97.4M 7.1M 5.4% ▲ 43.0%
Vanguard Portfolio Management LLC $93.6M 6.8M 5.2% ▲ 3.8%
Vanguard Capital Management LLC $71.6M 5.2M 4.0% ▲ 1.0%
Starboard Value LP $69.9M 5.1M 3.9% ▼ 52.7%
Dimensional Fund Advisors LP $68.3M 5.0M 3.8% ▲ 25.3%
State Street Corp $68.1M 5.0M 3.8% ▲ 1.6%
PAR Capital Management Inc $55.8M 4.1M 3.1% 0.0%
Morgan Stanley $46.1M 3.4M 2.6% ▲ 134.8%
Royal Bank Of Canada $42.3M 3.1M 2.3% ▲ 9.3%
UBS Group AG $41.4M 3.0M 2.3% ▲ 3.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Tripadvisor, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $670,425 6 trades by 2 insiders · 55% under pre-set plans
Net ▼ $670,425 net selling
Insider Date Trade Shares Price Value
Ambeskovic Almir CEO, TheFork September 2, 2026 Sell pre-set plan 8,000 $9.45 $75,600
Dalton Kristen Ann Chief Strategy & Ops Officer July 16, 2026 Sell pre-set plan 7,908 $15.00 $118,620
Ambeskovic Almir CEO, TheFork June 2, 2026 Sell pre-set plan 8,000 $12.30 $98,400
Ambeskovic Almir CEO, TheFork March 2, 2026 Sell pre-set plan 8,000 $9.67 $77,360
Dalton Kristen Ann President, Brand Tripadvisor December 10, 2025 Sell 18,000 $14.98 $269,640
Ambeskovic Almir CEO, TheFork November 17, 2025 Sell 2,094 $14.71 $30,805

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Tripadvisor, Inc. disclosed in the last 12 months; 5 earlier trades on record.

  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 12, 2023, filed August 13, 2023
  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded April 30, 2019, filed April 27, 2020
  • Donna Shalala(FL):Sale (partial), $1,001 - $15,000, traded January 9, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 12, 2026
  • November 6, 2025
  • August 7, 2025
  • May 7, 2025

Recent SEC filings

Data status

When each part of this page on Tripadvisor, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tripadvisor, Inc. in brief

What does Tripadvisor, Inc. do?
Tripadvisor, Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Tripadvisor, Inc.'s stock ticker?
Tripadvisor, Inc. trades under the ticker TRIP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tripadvisor, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tripadvisor, Inc. reported revenue of $1.8B, 1.6% lower than a year earlier, according to its SEC filings.
What is Tripadvisor, Inc.'s free cash flow?
Tripadvisor, Inc.'s free-cash-flow margin is 7.4% of revenue over the trailing twelve months, ranking 32 of the 59 interactive media & services companies we cover.
Who are Tripadvisor, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Ameriprise Financial Inc and Nuveen, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tripadvisor, Inc.'s market cap?
On November 2, 2026, Tripadvisor, Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 229.4 and net debt of -$18.8M. Market figures come from third-party market data and may be delayed.
How much debt does Tripadvisor, Inc. have?
Tripadvisor, Inc.'s debt-to-equity ratio is 124.4%, from its latest balance sheet (105.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tripadvisor, Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Tripadvisor, Inc. are Weibo Corp, Joyy Inc., Hello Group Inc., Yelp Inc and Webtoon Entertainment Inc. The side-by-side comparison below sets their revenue, margins and growth against Tripadvisor, Inc.'s.
Are insiders buying or selling Tripadvisor, Inc. stock?
Over the last 12 months, Tripadvisor, Inc.'s directors and officers reported 0 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Tripadvisor, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tripadvisor, Inc. announces its own schedule.