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TripAdvisor TRIP Gross margin

Gross margin at other companies

Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
90.3%+0.7pp
Airbnb logo
AirbnbABNB
82.9%-0.1pp
Travel + Leisure logo
Travel + LeisureTNL
93%-4.9pp
STU
StubHub Holdings, Inc.STUB
82.3%

Other financials

Income statement

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Revenue$382.4M-4.0%
Gross profit$349.6M-5.9%
Operating income-$25.2M-62.6%
Net income-$32.4M-195%
EPS (diluted)-$0.28-250%

Balance sheet

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Cash & equivalents$1.1B-2.9%
Total debt$1.2B-1.0%
Total equity$623.7M-3.0%
Total assets$2.7B-1.1%

Cash flow

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Operating cash flow$117.8M+15.8%
CapEx$16.5M-13.2%
Free cash flow$101.3M+22.5%

Valuation

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Market cap$1.51B-38.5%
Enterprise value$1.64B-35.6%
P/E33.1×-44.5×
P/S0.8×-0.5×

Profitability

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Operating margin6.1%-0.7pp
Net margin4.2%+2.2pp
FCF margin32.6%

Returns & leverage

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Return on equity9.6%+5.5pp
Debt / equity0.0×
Current ratio1.2×-0.6×

Where this comes from

Calculated from TripAdvisor’s reported figures.

Based on trailing twelve months.

The official record: TripAdvisor’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TripAdvisor's gross margin?
TripAdvisor (TRIP) reported gross margin of 92% in Q1 2026.
How has TripAdvisor's gross margin changed year-over-year?
TripAdvisor's gross margin decreased by 0.8% year-over-year, from 92.7% to 92%.
What is the long-term trend for TripAdvisor's gross margin?
Over 5 years (2020 to 2025), TripAdvisor's gross margin has grown at a 0.3% compound annual growth rate (CAGR), from 90.9% to 92.3%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.