TRIP

MKT CAP:$1B

Tripadvisor, Inc.

Market Cap

$1B

Consumer Cyclical·Travel Services·🇺🇸 United States·NASDAQ

Consumer Cyc.·Travel Services·🇺🇸·NASDAQ

Stock Price

$11.19-$3.45 (-23.57%)

Apr 24, 2026

Company Details

TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and ...

CEO

Almir Ambeskovic

IPO Date

Dec 7, 2011

Website

www.tripadvisor.com

Key Metrics TTM

Revenue

$1.9B

+3.1% YoY

Net Income

$40M

EPS (Diluted)

$0.30

Free Cash Flow

$163M

Revenue / Share

$16.30

Gross Margin

85.3%

Operating Margin

4.2%

Net Margin

2.1%

FCF Margin

8.6%

P/S

0.7x

P/E

32.4x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 13, 2026

$1.9B+3.1%EPS $0.31

Q4 2025

Feb 13, 2026

$411M+0.0%EPS -$0.33

Q3 2025

Nov 6, 2025

$553M+3.9%EPS $0.43

Q2 2025

Aug 7, 2025

$529M+6.4%EPS $0.28

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$262M	$240M	-$20M
Q2 22	$417M	$386M	$63M
Q3 22	$459M	$427M	$70M
Q4 22	$354M	$323M	-$12M
Q1 23	$371M	$342M	-$14M
Q2 23	$494M	$453M	$44M
Q3 23	$533M	$490M	$64M
Q4 23	$390M	$329M	$35M
Q1 24	$395M	$338M	-$14M
Q2 24	$497M	$457M	$36M
Q3 24	$532M	$485M	$70M
Q4 24	$411M	$408M	$20M
Q1 25	$398M	$371M	-$15M
Q2 25	$529M	$487M	$59M
Q3 25	$553M	$512M	$70M
Q4 25	$411M	$243M	-$34M

Valuation

Quarter	P/S	P/E
Q1 22	3.5x	—
Q2 22	2.2x	—
Q3 22	2.2x	—
Q4 22	1.9x	143.0x
Q1 23	1.7x	—
Q2 23	1.4x	—
Q3 23	1.3x	—
Q4 23	1.7x	295.7x
Q1 24	2.1x	160.6x
Q2 24	1.3x	101.8x
Q3 24	1.1x	56.4x
Q4 24	1.1x	417.2x
Q1 25	1.1x	37.7x
Q2 25	1.0x	28.3x
Q3 25	1.1x	27.0x
Q4 25	0.8x	39.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$86M	$72M
Q2 22	$294M	$281M
Q3 22	$60M	$46M
Q4 22	-$40M	-$55M
Q1 23	$135M	$119M
Q2 23	$105M	$90M
Q3 23	$14M	-$2M
Q4 23	-$19M	-$35M
Q1 24	$139M	$123M
Q2 24	$51M	$36M
Q3 24	-$43M	-$12M
Q4 24	-$3M	-$26M
Q1 25	$102M	$83M
Q2 25	$202M	$177M
Q3 25	$44M	$25M
Q4 25	-$103M	-$122M

Capital Expenditures

Quarter	CapEx
Q1 22	$14M
Q2 22	$13M
Q3 22	$14M
Q4 22	$15M
Q1 23	$16M
Q2 23	$15M
Q3 23	$16M
Q4 23	$16M
Q1 24	$16M
Q2 24	$15M
Q3 24	$31M
Q4 24	$23M
Q1 25	$19M
Q2 25	$25M
Q3 25	$19M
Q4 25	$19M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+113.0%	+36.2%
Q2 22	+77.4%	+31.1%
Q3 22	+51.5%	+35.5%
Q4 22	+46.9%	+36.1%
Q1 23	+41.6%	+36.5%
Q2 23	+18.5%	+27.1%
Q3 23	+16.1%	+20.6%
Q4 23	+10.2%	-3.0%
Q1 24	+6.5%	+6.2%
Q2 24	+0.6%	+2.4%
Q3 24	-0.2%	-1.5%
Q4 24	+5.4%	+10.1%
Q1 25	+0.8%	+1.0%
Q2 25	+6.4%	+2.0%
Q3 25	+3.9%	+4.5%
Q4 25	+0.0%	+13.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$22M	8.4%
Q2 22	$21M	5.0%
Q3 22	$22M	4.8%
Q4 22	$23M	6.5%
Q1 23	$23M	6.2%
Q2 23	$25M	5.1%
Q3 23	$24M	4.5%
Q4 23	$24M	6.2%
Q1 24	$28M	7.1%
Q2 24	$34M	6.8%
Q3 24	$31M	5.8%
Q4 24	$28M	6.8%
Q1 25	$28M	7.0%
Q2 25	$29M	5.5%
Q3 25	$28M	5.1%
Q4 25	$22M	5.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	—	$87M	$94M
Q2 22	—	$74M	$171M
Q3 22	—	$96M	$183M
Q4 22	—	$109M	$142M
Q1 23	—	$103M	$164M
Q2 23	—	$166M	$212M
Q3 23	$66M	$49M	$272M
Q4 23	$68M	$95M	$131M
Q1 24	$76M	$19M	$162M
Q2 24	$22M	$174M	$204M
Q3 24	$73M	$51M	$271M
Q4 24	—	$169M	$136M
Q1 25	$22M	$161M	$172M
Q2 25	$25M	$162M	$218M
Q3 25	—	$165M	$227M
Q4 25	—	$20M	$175M

Revenue Segments

Quarter	Experiences And Dining Segment	Hotels Media And Platform Segment	Other Segments
Q1 22	$92M	$160M	$10M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$781M	$0	$781M
Q2 22	$1.0B	$0	$1.0B
Q3 22	$1.1B	$0	$1.1B
Q4 22	$1.0B	$0	$1.0B
Q1 23	$1.1B	$0	$1.1B
Q2 23	$1.1B	$0	$1.1B
Q3 23	$1.1B	$0	$1.1B
Q4 23	$1.1B	$0	$1.1B
Q1 24	$1.2B	$0	$1.2B
Q2 24	$1.2B	$0	$1.2B
Q3 24	$1.1B	$0	$1.1B
Q4 24	$1.1B	$0	$1.1B
Q1 25	$1.2B	$0	$1.2B
Q2 25	$1.2B	$0	$1.2B
Q3 25	$1.2B	$0	$1.2B
Q4 25	$1.0B	$0	$1.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	139M	+0.7%	+2.2%
Q2 22	145M	+4.7%	+6.2%
Q3 22	146M	+0.3%	+1.4%
Q4 22	141M	-3.4%	+2.2%
Q1 23	141M	+0.3%	+1.8%
Q2 23	145M	+2.6%	-0.3%
Q3 23	143M	-1.3%	-1.9%
Q4 23	143M	-0.2%	+1.4%
Q1 24	138M	-3.2%	-2.1%
Q2 24	145M	+4.9%	+0.1%
Q3 24	144M	-0.8%	+0.5%
Q4 24	145M	+0.7%	+1.4%
Q1 25	141M	-2.8%	+1.9%
Q2 25	130M	-7.8%	-10.5%
Q3 25	124M	-4.6%	-13.9%
Q4 25	116M	-6.5%	-20.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$97.4K	3K
Q2 22	$155.0K	3K
Q3 22	$170.6K	3K
Q4 22	$114.2K	3K
Q1 23	$119.7K	3K
Q2 23	$159.4K	3K
Q3 23	$171.9K	3K
Q4 23	$137.1K	3K
Q1 24	$138.8K	3K
Q2 24	$174.7K	3K
Q3 24	$187.0K	3K
Q4 24	$143.7K	3K
Q1 25	$139.2K	3K
Q2 25	$185.0K	3K
Q3 25	$193.4K	3K
Q4 25	$158.7K	3K

Revenue / Employee