NASDAQ : TRIP
Tripadvisor, Inc. — Financial statements
Consumer Discretionary · Travel Services · United States
Last price 9.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.08B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tripadvisor, Inc. (TRIP) reported revenue of 1.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.83B | 1.89B | 1.83B | 1.79B | 1.49B | 902.00M |
| Cost of Revenue | 659.50M | 702.00M | 708.00M | 671.00M | 572.00M | 74.00M |
| Gross Profit | 1.17B | 1.19B | 1.13B | 1.12B | 920.00M | 828.00M |
| Selling, General & Admin | 877.00M | 859.00M | 810.00M | 784.00M | 642.00M | 635.00M |
| Research & Development | 101.20M | 99.00M | 91.00M | 80.00M | 63.00M | 212.00M |
| Other Operating Expenses | 14.60M | 16.00M | 15.00M | 18.00M | 9.00M | 1.00M |
| Operating Expenses | 1.09B | 1.07B | 1.00B | 969.00M | 811.00M | 959.00M |
| Operating Income | 83.10M | 123.00M | 126.00M | 148.00M | 109.00M | -131.00M |
| Interest Expense | -64.70M | -63.00M | -46.00M | -44.00M | -44.00M | -45.00M |
| Interest & Investment Income | 33.00M | 40.00M | 48.00M | 47.00M | 15.00M | 1.00M |
| Earnings From Equity Investments | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M | -3.00M |
| Currency Exchange Gain (Loss) | -9.00M | -9.00M | -2.00M | -5.00M | -5.00M | -4.00M |
| Other Non Operating Income (Expenses) | 9.60M | -1.00M | -1.00M | 3.00M | 2.00M | -3.00M |
| EBT Excluding Unusual Items | 50.00M | 88.00M | 123.00M | 147.00M | 75.00M | -185.00M |
| Merger & Restructuring Charges | -40.60M | -43.00M | -21.00M | -22.00M | ||
| Legal Settlements | -10.00M | |||||
| Other Unusual Items | -5.00M | -8.00M | ||||
| Pretax Income | 9.40M | 45.00M | 87.00M | 125.00M | 67.00M | -185.00M |
| Income Tax Expense | 10.90M | 5.00M | 82.00M | 115.00M | 47.00M | -37.00M |
| Net Income | 5.00M | 40.00M | 5.00M | 10.00M | 20.00M | -148.00M |
| Net Income to Common | 5.00M | 40.00M | 5.00M | 10.00M | 20.00M | -148.00M |
| Shares Outstanding (Basic) | 116.07M | 124.52M | 139.08M | 139.41M | 139.92M | 137.23M |
| Shares Outstanding (Diluted) | 119.65M | 130.95M | 145.04M | 144.81M | 145.67M | 137.23M |
| EPS (Basic) | 0.04 | 0.32 | 0.04 | 0.07 | 0.14 | -1.08 |
| EPS (Diluted) | 0.04 | 0.31 | 0.04 | 0.07 | 0.14 | -1.08 |
| Free Cash Flow | 132.80M | 163.00M | 70.00M | 172.00M | 344.00M | 54.00M |
| Free Cash Flow Per Share | 1.11 | 1.25 | 0.48 | 1.19 | 2.36 | 0.39 |
| Gross Margin | 63.97% | 62.88% | 61.42% | 62.47% | 61.66% | 91.80% |
| Operating Margin | 4.54% | 6.50% | 6.87% | 8.28% | 7.31% | -14.52% |
| Profit Margin | 0.27% | 2.11% | 0.27% | 0.56% | 1.34% | -16.41% |
| Free Cash Flow Margin | 7.26% | 8.62% | 3.82% | 9.62% | 23.06% | 5.99% |
| EBITDA | 109.90M | 147.00M | 152.00M | 180.00M | 145.00M | -84.00M |
| EBITDA Margin | 6.00% | 7.77% | 8.28% | 10.07% | 9.72% | -9.31% |
| D&A For EBITDA | 26.80M | 24.00M | 26.00M | 32.00M | 36.00M | 47.00M |
| EBIT | 83.10M | 123.00M | 126.00M | 148.00M | 109.00M | -131.00M |
| EBIT Margin | 4.54% | 6.50% | 6.87% | 8.28% | 7.31% | -14.52% |
| Effective Tax Rate | 115.96% | 11.11% | 94.25% | 92.00% | 70.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 843.20M | 1.03B | 1.06B | 1.07B | 1.02B | 723.00M |
| Cash & Short-Term Investments | 843.20M | 1.03B | 1.06B | 1.07B | 1.02B | 723.00M |
| Accounts Receivable | 231.30M | 209.00M | 207.00M | 192.00M | 205.00M | 142.00M |
| Other Receivables | 49.00M | |||||
| Receivables | 231.30M | 209.00M | 207.00M | 192.00M | 205.00M | 191.00M |
| Prepaid Expenses | 45.40M | 47.00M | 49.00M | 38.00M | 44.00M | 26.00M |
| Total Current Assets | 1.40B | 1.29B | 1.32B | 1.30B | 1.27B | 940.00M |
| Property, Plant & Equipment | 183.00M | 118.00M | 102.00M | 103.00M | 130.00M | 160.00M |
| Long-Term Investments | 27.30M | 28.00M | 30.00M | 32.00M | 34.00M | 36.00M |
| Goodwill | 724.10M | 844.00M | 814.00M | 829.00M | 822.00M | 843.00M |
| Other Intangible Assets | 32.30M | 160.00M | 151.00M | 146.00M | 142.00M | 162.00M |
| Long-Term Deferred Tax Assets | 128.10M | 137.00M | 101.00M | 86.00M | 78.00M | 54.00M |
| Long-Term Deferred Charges | 3.00M | 3.00M | 3.00M | 4.00M | 4.00M | |
| Other Long-Term Assets | 23.80M | 35.00M | 31.00M | 32.00M | 80.00M | 81.00M |
| Total Assets | 2.53B | 2.62B | 2.56B | 2.54B | 2.57B | 2.29B |
| Accounts Payable | 75.40M | 23.00M | 49.00M | 28.00M | 39.00M | 27.00M |
| Accrued Expenses | 115.50M | 167.00M | 169.00M | 170.00M | 157.00M | 101.00M |
| Current Portion of Long-Term Debt | 8.50M | 353.00M | 5.00M | |||
| Current Portion of Leases | 12.50M | 14.00M | 13.00M | 16.00M | 20.00M | 26.00M |
| Current Income Taxes Payable | 10.10M | 12.00M | 23.00M | 6.00M | 16.00M | 3.00M |
| Current Unearned Revenue | 85.00M | 53.00M | 47.00M | 49.00M | 44.00M | 36.00M |
| Other Current Liabilities | 591.90M | 376.00M | 322.00M | 303.00M | 257.00M | 164.00M |
| Total Current Liabilities | 898.90M | 998.00M | 628.00M | 572.00M | 533.00M | 357.00M |
| Long-Term Debt | 815.90M | 819.00M | 831.00M | 839.00M | 836.00M | 833.00M |
| Long-Term Leases | 57.00M | 65.00M | 54.00M | 57.00M | 73.00M | 94.00M |
| Long-Term Unearned Revenue | 20.00M | 23.00M | 25.00M | 28.00M | 31.00M | |
| Long-Term Deferred Tax Liabilities | 1.10M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Other Long-Term Liabilities | 95.90M | 77.00M | 81.00M | 172.00M | 237.00M | 184.00M |
| Total Liabilities | 1.87B | 1.98B | 1.62B | 1.67B | 1.71B | 1.50B |
| Additional Paid-In Capital | 497.50M | 460.00M | 1.60B | 1.49B | 1.40B | 1.33B |
| Retained Earnings | 306.60M | 316.00M | 276.00M | 271.00M | 261.00M | 241.00M |
| Treasury Stock | -90.20M | -90.00M | -847.00M | -822.00M | -722.00M | -722.00M |
| Comprehensive Income & Other | -51.50M | -41.00M | -91.00M | -71.00M | -82.00M | -56.00M |
| Shareholders' Equity | 662.50M | 645.00M | 943.00M | 871.00M | 861.00M | 789.00M |
| Total Liabilities & Equity | 2.53B | 2.62B | 2.56B | 2.54B | 2.57B | 2.29B |
| Total Debt | 893.90M | 1.25B | 903.00M | 912.00M | 929.00M | 953.00M |
| Net Cash (Debt) | -50.70M | -216.00M | 161.00M | 155.00M | 92.00M | -230.00M |
| Net Cash Per Share | -0.42 | -1.65 | 1.11 | 1.07 | 0.63 | -1.68 |
| Filing Date Shares Outstanding | 117.20M | 114.76M | 140.38M | 137.90M | 140.96M | 138.67M |
| Total Common Shares Outstanding | 116.05M | 114.47M | 140.19M | 137.68M | 140.85M | 138.61M |
| Working Capital | 504.60M | 293.00M | 692.00M | 725.00M | 737.00M | 583.00M |
| Book Value Per Share | 5.71 | 5.63 | 6.73 | 6.33 | 6.11 | 5.69 |
| Tangible Book Value | -93.90M | -359.00M | -22.00M | -104.00M | -103.00M | -216.00M |
| Tangible Book Value Per Share | -0.81 | -3.14 | -0.16 | -0.76 | -0.73 | -1.56 |
| Machinery | 73.00M | 71.00M | 81.00M | 101.00M | 97.00M | |
| Leasehold Improvements | 28.00M | 24.00M | 37.00M | 46.00M | 48.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 5.00M | 40.00M | 5.00M | 10.00M | 20.00M | -148.00M |
| Depreciation & Amortization | 26.80M | 24.00M | 26.00M | 32.00M | 36.00M | 47.00M |
| Other Amortization | 68.00M | 68.00M | 59.00M | 55.00M | 61.00M | 64.00M |
| Stock-Based Compensation | 91.80M | 108.00M | 120.00M | 96.00M | 88.00M | 120.00M |
| Provision & Write-off of Bad Debts | 8.00M | 8.00M | 8.00M | 6.00M | 6.00M | 3.00M |
| Other Operating Activities | -6.30M | 16.00M | -5.00M | -16.00M | -12.00M | -25.00M |
| Change in Accounts Receivable | 900.00K | -8.00M | -24.00M | 6.00M | -87.00M | -73.00M |
| Change in Accounts Payable | -13.60M | -46.00M | 13.00M | 11.00M | 72.00M | 30.00M |
| Change in Unearned Revenue | 35.10M | 58.00M | 17.00M | 36.00M | 109.00M | 89.00M |
| Change in Income Taxes | -23.00M | -23.00M | -75.00M | -1.00M | 107.00M | 1.00M |
| Operating Cash Flow | 203.00M | 245.00M | 144.00M | 235.00M | 400.00M | 108.00M |
| Capital Expenditures | -70.20M | -82.00M | -74.00M | -63.00M | -56.00M | -54.00M |
| Other Investing Activities | -900.00K | -2.00M | 1.00M | 4.00M | ||
| Investing Cash Flow | -71.10M | -84.00M | -73.00M | -63.00M | -52.00M | -54.00M |
| Long-Term Debt Issued | 341.00M | 493.00M | 345.00M | |||
| Total Debt Issued | -400.00K | 341.00M | 493.00M | 345.00M | ||
| Long-Term Debt Repaid | -17.00M | -509.00M | -7.00M | -7.00M | -6.00M | |
| Total Debt Repaid | -362.00M | -17.00M | -509.00M | -7.00M | -7.00M | -6.00M |
| Net Debt Issued (Repaid) | -362.40M | 324.00M | -16.00M | -7.00M | -7.00M | 339.00M |
| Issuance of Common Stock | 8.00M | |||||
| Repurchase of Common Stock | -66.10M | -521.00M | -46.00M | -117.00M | -20.00M | -44.00M |
| Other Financing Activities | 300.00K | -1.00M | -3.00M | -40.00M | ||
| Financing Cash Flow | -428.20M | -197.00M | -63.00M | -127.00M | -27.00M | 263.00M |
| Foreign Exchange Rate Adjustments | -20.10M | 7.00M | -11.00M | 1.00M | -23.00M | -12.00M |
| Net Cash Flow | -316.40M | -29.00M | -3.00M | 46.00M | 298.00M | 305.00M |
| Free Cash Flow | 132.80M | 163.00M | 70.00M | 172.00M | 344.00M | 54.00M |
| Free Cash Flow Margin | 7.26% | 8.62% | 3.82% | 9.62% | 23.06% | 5.99% |
| Free Cash Flow Per Share | 1.11 | 1.25 | 0.48 | 1.19 | 2.36 | 0.39 |
| Levered Free Cash Flow | -101.50M | 176.50M | 209.00M | 247.00M | 319.62M | 120.00M |
| Unlevered Free Cash Flow | -61.06M | 215.88M | 237.75M | 274.50M | 347.12M | 148.12M |
| Cash Interest Paid | 60.80M | 59.00M | 58.00M | 39.00M | 40.00M | 43.00M |
| Cash Income Tax Paid | 17.90M | 29.00M | 170.00M | 140.00M | -40.00M | 5.00M |
| Change in Working Capital | -600.00K | -19.00M | -69.00M | 52.00M | 201.00M | 47.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.08B | 1.70B | 2.06B | 2.98B | 2.53B | 3.77B |
| Enterprise Value | 1.13B | 1.74B | 1.85B | 2.78B | 2.39B | 4.02B |
| Last Close Price | 9.22 | 14.56 | 14.77 | 21.53 | 17.98 | 27.26 |
| PE Ratio | 214.03 | 42.52 | 411.60 | 298.22 | 126.39 | |
| Forward PE | 9.10 | 9.89 | 11.43 | 14.91 | 15.40 | 25.51 |
| PS Ratio | 0.59 | 0.90 | 1.12 | 1.67 | 1.69 | 4.18 |
| PB Ratio | 1.62 | 2.64 | 2.18 | 3.42 | 2.94 | 4.77 |
| P/FCF Ratio | 8.14 | 10.43 | 29.40 | 17.34 | 7.35 | 69.76 |
| P/OCF Ratio | 5.32 | 6.94 | 14.29 | 12.69 | 6.32 | 34.88 |
| PEG Ratio | 0.63 | 1.62 | 0.57 | 0.25 | 0.91 | |
| EV/Sales Ratio | 0.62 | 0.92 | 1.01 | 1.55 | 1.60 | 4.45 |
| EV/EBITDA Ratio | 10.29 | 11.83 | 12.20 | 15.42 | 16.52 | |
| EV/EBIT Ratio | 13.61 | 14.14 | 14.72 | 18.75 | 21.97 | |
| EV/FCF Ratio | 8.52 | 10.67 | 26.50 | 16.14 | 6.96 | 74.37 |
| Debt / Equity Ratio | 1.35 | 1.94 | 0.96 | 1.05 | 1.08 | 1.21 |
| Debt / EBITDA Ratio | 7.88 | 8.18 | 5.54 | 4.75 | 5.99 | |
| Debt / FCF Ratio | 6.73 | 7.67 | 12.90 | 5.30 | 2.70 | 17.65 |
| Net Debt / Equity Ratio | 0.08 | 0.34 | -0.17 | -0.18 | -0.11 | 0.29 |
| Net Debt / EBITDA Ratio | 0.46 | 1.47 | -1.06 | -0.86 | -0.63 | -2.74 |
| Net Debt / FCF Ratio | 0.38 | 1.32 | -2.30 | -0.90 | -0.27 | 4.26 |
| Asset Turnover | 0.68 | 0.73 | 0.72 | 0.70 | 0.61 | 0.42 |
| Quick Ratio | 1.20 | 1.25 | 2.02 | 2.20 | 2.30 | 2.56 |
| Current Ratio | 1.56 | 1.29 | 2.10 | 2.27 | 2.38 | 2.63 |
| Return on Equity (ROE) | -0.23% | 5.04% | 0.55% | 1.16% | 2.42% | -17.67% |
| Return on Assets (ROA) | 1.92% | 2.96% | 3.09% | 3.62% | 2.80% | -3.85% |
| Return on Invested Capital (ROIC) | -1.81% | 13.31% | 0.97% | 1.59% | 3.64% | -12.35% |
| Return on Capital Employed (ROCE) | 5.10% | 7.60% | 6.50% | 7.50% | 5.40% | -6.80% |
| Earnings Yield | 0.47% | 2.35% | 0.24% | 0.34% | 0.79% | -3.93% |
| FCF Yield | 12.29% | 9.59% | 3.40% | 5.77% | 13.61% | 1.43% |
| Buyback Yield / Dilution | 17.46% | 9.71% | -0.15% | 0.59% | -6.15% | -1.76% |