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TripAdvisor (TRIP) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · TripAdvisor (TRIP) Q3 2026 earnings results →

Q3 2026 Revenue down 11% year over year to $436M · 72¢ of every $1 of revenue lost · operating margin -77.2%

TripAdvisor made $436M in Q3 2026 (-11% Y/Y). Operating margin -77.2%, net loss $313M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$436M
Year over year-11%
Operating margin-77.2%
Net earnings−$313M
Operating cash flow−$127M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $436.4M in Q3 2026, down 11% year over year and down 1% from the previous quarter.

Operating costs exceeded revenue by $336.7M, an operating margin of -77.2%. Total costs grew 81% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+92%). The quarter ended with a net loss of $313.1M, after a profit of $22.4M the previous quarter.

Operating cash flow was −$127.4M. Non-cash charges added back $18.9M of depreciation and amortization and $15.2M of share-based compensation. Working capital and other items added $151.6M. Capital expenditures of $9.3M exceeded it, leaving free cash flow of −$136.7M.

Quarterly history

TripAdvisor revenue by quarterTripAdvisor revenue by quarter$398MQ1 2025$529MQ2 2025$553MQ3 2025$411MQ4 2025$382MQ1 2026$442MQ2 2026$436MQ3 2026
TripAdvisor net earnings by quarterTripAdvisor net earnings by quarter−$11.0MQ1 2025$36.0MQ2 2025$53.0MQ3 2025−$38.0MQ4 2025−$32.4MQ1 2026$22.4MQ2 2026−$313MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$436M-11%-77.2%−$313M−$127M
Q2 202610-QAug 6, 2026$442M-7%8.6%$22.4M$144M
Q1 202610-QMay 7, 2026$382M-4%-6.6%−$32.4M$118M
Q4 202510-KFeb 13, 2026$411M0%-8.3%−$38.0M−$103M
Q3 202510-QNov 6, 2025$553M+4%12.7%$53.0M$44.5M
Q2 202510-QAug 7, 2025$529M+6%10.9%$36.0M$202M
Q1 202510-QMay 7, 2025$398M+0.8%-3.9%−$11.0M$102M

Charts

TripAdvisor: revenue growth, year over year and quarter over quarterTripAdvisor: revenue growth, year over year and quarter over quarterY/YQ/Q+1%Q1 2025+6%+33%Q2 2025+4%+5%Q3 2025+0%-26%Q4 2025-4%-7%Q1 2026-7%+16%Q2 2026-11%-1%Q3 2026
Latest (Q3 2026): Y/Y -11%, Q/Q -1%.
TripAdvisor: where the cash came from (+) and went (−), TTM to Q3 2026TripAdvisor: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$467MOther financing−$353MCapital spending−$65.6MBuybacks−$50.0MOperating cash flow$31.2MTaxes on employees’ shares−$14.2MNet borrowing (+) / repaid (−)−$9.4MExchange rates−$5.8MOther investing−$600K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
TripAdvisor: profit against cash, quarter by quarterTripAdvisor: profit against cash, quarter by quarterNet incomeOperating cash flow$1.0M−$3.0MQ4 2024−$11.0M$102MQ1 2025$36.0M$202MQ2 2025$53.2M$44.4MQ3 2025−$38.2M−$103MQ4 2025−$32.4M$118MQ1 2026$22.4M$144MQ2 2026−$313M−$127MQ3 2026
Latest (Q3 2026): Net income −$313M, Operating cash flow −$127M.
TripAdvisor: diluted shares by fiscal yearTripAdvisor: diluted shares by fiscal year135MFY2020137MFY2021146MFY2022145MFY2023145MFY2024131MFY2025
-2.9% since FY2020: buybacks shrank the count.
TripAdvisor in its industry: growth against margin (51 companies, SIC 7370)TripAdvisor in its industry: growth against margin (51 companies, SIC 7370)revenue growth, year over year →↑ operating marginmedian +9%median -1%GOOGLMETASPCXFLUTAPPSNAPZMPINSNIQMTCHSABRTTDRXTFDSTBLAPPLITEMDOCNCSQRTEADEVERBMBLDVMGNIGRNDZIPDSPHSTMNXDRPUBMHCATRUMBLNDCDLXSSTCEVAYYAIPODCIPMGOAIDJTCSAIIPDNCNETTWAVTRSOMITIRMXIGITSBBLRTRIP (-11%, -77%)
Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About TripAdvisor

The Tripadvisor group (the “Group”) is a portfolio of global online platforms purpose-built to connect travelers with experiences, accommodations, restaurants and other relevant travel destination points of interest (“POIs”). Our mission is to be the world’s most trusted source for travel and experiences. We offer travelers the ability to search, discover, book, and review experiences, hotels, and restaurants seamlessly through our two-sided marketplaces across three primary consumer-facing brands: Viator, Tripadvisor, and TheFork. Tripadvisor also plays a unique role in broader travel planning and guidance, offering authentic traveler-submitted reviews and content, travel planning tools and related technology to instill confidence for travelers in every part of their travel journey.

In its own words, from its 10-K, filed Feb 13, 2026.

TripAdvisor against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -11% against the peers' median +14%. Operating margin: -77.2% against the peers' median 19.1%.

CompanyQuarterRevenueY/YOp. margin
TRIP TripAdvisorQ3 2026$436M-11%-77.2%
GOOGL AlphabetQ3 2026$127.6B+25%31.8%
META Meta PlatformsQ3 2026$64.6B+26%20.1%
SPCX Space Exploration TechnologiesQ3 2026$14.6B+161%19.1%
FLUT Flutter EntertainmentQ3 2026$3.9B+2%-30.7%
APP AppLovinQ3 2026$2.2B+56%78.2%
SNAP SnapQ3 2026$1.7B+14%4.5%
ZM Zoom CommunicationsQ2 FY27$1.3B+5%24.6%
PINS PinterestQ3 2026$1.2B+12%2.6%

Source: TripAdvisor 10-Q on SEC EDGAR · CIK 1526520 · Services-Computer Programming, Data Processing, Etc.

13F: who owns TRIP and who is buying

Largest holders of TRIP (13F)Largest holders of TRIP (13F)BlackRock$239MVanguard Group$183MAmeriprise Financial$145MNuveen, LLC$97.4MVanguard Portfolio Management LLC$93.6MCertares Management LLC$77.3MVanguard Capital Management LLC$71.6MStarboard Value LP$69.9MDimensional Fund Advisors LP$68.3MState Street$68.1M
Funds' net buying of TRIP by quarter (13F)Funds' net buying of TRIP by quarter (13F)$22.8M2024-09$20.4M2024-12$209M2025-03$181M2025-06−$91.1M2025-09−$8.0M2025-12$90.9M2026-03$21.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TRIP

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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