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TripAdvisor TRIP Experiences — Goodwill

Other segment segments

The Fork One
$120M
Brand Tripadvisor
$0-100%

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Other financials

Income statement

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Revenue$441.9M-7.2%
Gross profit$410.9M-6.5%
Operating income$37.8M-34.7%
Net income$22.4M-37.8%
EPS (diluted)$0.19-32.1%

Balance sheet

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Cash & equivalents$843.2M-30.4%
Total debt$893.9M-29.2%
Total equity$662.5M+5.7%
Total assets$2.5B-11.7%

Cash flow

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Operating cash flow$143.7M-28.8%
CapEx$6.0M-60.8%
Free cash flow$137.7M-26.2%

Valuation

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Market cap$1.22B-38.8%
Enterprise value$1.27B-37.9%
P/E15.5×-20.8×
P/S0.7×-0.4×

Profitability

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Gross margin92.2%-0.6pp
Operating margin6.2%-0.6pp
Net margin4.3%+2.3pp
FCF margin32.6%

Returns & leverage

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Return on equity9.6%+5.5pp
Debt / equity1.3×-0.7×
Current ratio1.6×+0.3×

Where this comes from

Reported directly by TripAdvisor in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: TripAdvisor’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 4:02 PM EST
Fiscal year
FY2025
Accession
0001193125-26-051281
Line itemBrand TripadvisorViatorThe Fork (1)ExperiencesHotels and OtherThe Fork (1)Total
Balance as of December 31, 2023$601$120$108$829
Foreign currency translation adjustments(3)(12)(15)
Balance as of December 31, 2024$601$117$96$814
Foreign currency translation adjustments332430
Re-allocation to new segments (2)(604)(120)(120)310414120
Balance as of December 31, 2025$310$414$120$844

Item 8. Financial Statements and Supplementary Data

FAQ

What is TripAdvisor's experiences — goodwill?
TripAdvisor (TRIP) reported experiences — goodwill of $310M in Q4 2025.
What does experiences — goodwill mean?
This represents the intangible asset value recorded when the experiences segment acquires another business for a price exceeding the fair value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and synergies. Changes in this balance are critical for assessing the long-term value of past acquisitions.

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