Tripadvisor, Inc. income statement
In fiscal 2025, Tripadvisor, Inc. reported revenue of $1.89bn, up 3.1% on the year before, operating income of $80.0m (a 4.2% margin) and net income of $40.0m, or $0.31 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 5 | 7 | 11 | 12 | — | — | — | — | — | — | — | — | — | 78 | 119 | 128 | 145 | 142 |
| Gross profit | 348 | 477 | 626 | 751 | — | — | — | — | — | — | — | — | — | 1,414 | 1,669 | 1,707 | 1,746 | 1,647 |
| Selling and marketing | 106 | 140 | 209 | 266 | 368 | 502 | 692 | 756 | 849 | 778 | 672 | 316 | 469 | 784 | 940 | — | — | — |
| General and administrative | 14 | 32 | 45 | 76 | 98 | 128 | 210 | 143 | 157 | 177 | 187 | 173 | 167 | 74 | 79 | 91 | 68 | 67 |
| Operating income | 168 | 226 | 273 | 296 | 294 | 340 | 232 | 166 | 124 | 183 | 187 | −329 | −131 | 101 | 126 | 92 | 80 | 49 |
| Interest expense | — | — | 0 | 11 | 10 | 9 | 10 | 12 | 15 | 12 | 7 | 35 | 45 | 44 | 44 | 46 | 63 | 64 |
| Net interest income | — | −0 | 0 | −11 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 167 | 224 | 272 | 282 | 284 | 322 | 239 | 151 | 110 | 173 | 194 | −369 | −185 | 67 | 125 | 87 | 45 | 15 |
| Income tax | 64 | 85 | 94 | 87 | 79 | 96 | 41 | 31 | 129 | 60 | 68 | −80 | −37 | 47 | 115 | 82 | 5 | 9 |
| 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 |
| Diluted shares (average) | 133m | 133m | 135m | 141m | 145m | 146m | 146m | 147m | 140m | 140m | 141m | 135m | 137m | 146m | 145m | 145m | 131m | 121m |
| EBITDA | 178 | 239 | 291 | 316 | 324 | 387 | 289 | 235 | 203 | 299 | 313 | −204 | −20 | 198 | 213 | 177 | 172 | 140 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 532 | 411 | 398 | 476 | 553 | 411 | 382 | 442 |
| Cost of revenue | 40 | 28 | 27 | 37 | 41 | 35 | 33 | 33 |
| Gross profit | 492 | 383 | 371 | 440 | 512 | 376 | 350 | 409 |
| Selling, general and administrative | — | — | — | 14 | — | — | — | 13 |
| Selling and marketing | 271 | — | — | — | — | — | — | — |
| General and administrative | 21 | 20 | 17 | — | 18 | 20 | 15 | — |
| Operating income | 70 | 0 | −16 | 58 | 70 | −34 | −25 | 38 |
| Interest expense | 13 | 11 | 12 | 17 | 17 | 16 | 16 | 15 |
| Income before tax | 66 | −1 | −20 | 45 | 63 | −45 | −32 | 28 |
| Income tax | 27 | −2 | −9 | 8 | 10 | −7 | 1 | 5 |
| Net income | 39 | 1 | −11 | 36 | 53 | −38 | −32 | 22 |
| Diluted EPS | $0.27 | $0.01 | −$0.08 | $0.28 | $0.43 | −$0.28 | −$0.28 | $0.19 |
| EBITDA | 91 | 22 | 6 | 76 | 94 | −10 | −1 | 56 |
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