Filing Flows

Filing Flows › Companies › TripAdvisor › Cash flow

TripAdvisor cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$137M in Q3 2026 · −$34.4M over twelve months

Operating cash flow−$127M
Capital spending−$9.3M
Free cash flow−$137M
Cash conversion cycle-54 days

Analysis

In Q3 2026, TripAdvisor generated −$127M of operating cash flow and spent $9.3M on capital projects, leaving free cash flow of −$137M. That is $167M less than in Q3 2025 ($30.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $31.2M; the largest uses were other financing ($353M), capital spending ($65.6M), buybacks ($50.0M); the cash balance fell by $467M.

Operating cash flow was −$127M against net income of −$313M. The largest differences: impairments +$370M, accrued liabilities −$77.4M, deferred revenue −$22.1M.

Its cash conversion cycle was -54 days (receivables 48 + inventory 0 − payables 102): suppliers fund its working capital.

Free cash flow

TripAdvisor: free cash flow by quarterTripAdvisor: free cash flow by quarter−$26.0MQ4 2024$82.7MQ1 2025$186MQ2 2025$30.5MQ3 2025−$137MQ4 2025$101MQ1 2026$138MQ2 2026−$137MQ3 2026
Operating cash flow less capital spending.
TripAdvisor: operating cash flow against capital spendingTripAdvisor: operating cash flow against capital spendingOperating cash flowCapital spending−$3.0M$23.0MQ4 2024$102M$19.0MQ1 2025$202M$15.3MQ2 2025$44.4M$13.9MQ3 2025−$103M$33.8MQ4 2025$118M$16.5MQ1 2026$144M$6.0MQ2 2026−$127M$9.3MQ3 2026
Latest (Q3 2026): Operating cash flow −$127M, Capital spending $9.3M.

Capital allocation, year by year

TripAdvisor: where the cash came from (up) and went (down), by fiscal yearTripAdvisor: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow $108MFY2021: Net borrowing −$6.0MFY2021: Shares issued $8.0MFY2021: Capital spending −$54.0M$116MFY2021FY2022: Operating cash flow $400MFY2022: Net borrowing −$6.0MFY2022: Capital spending −$56.0M$400MFY2022FY2023: Operating cash flow $235MFY2023: Net borrowing −$8.0MFY2023: Capital spending −$63.0MFY2023: Buybacks −$100M$235MFY2023FY2024: Operating cash flow $144MFY2024: Net borrowing −$15.0MFY2024: Capital spending −$74.0MFY2024: Buybacks −$25.0M$144MFY2024FY2025: Operating cash flow $245MFY2025: Net borrowing $324MFY2025: Capital spending −$82.0MFY2025: Buybacks −$90.0M$569MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were capital spending ($329M) and buybacks ($215M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$707M
Debt$823M
Net debt$116M
Cash runway16 months

TripAdvisor is burning cash: its operations consume cash, a free cash flow of −$547M a year at the current rate against $707M of cash and investments: a runway of about 16 months before any new financing.

Where the cash came from and went

TripAdvisor: sources (+) and uses (−) of cash, Q3 2026TripAdvisor: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$145MOperating cash flow−$127MCapital spending−$9.3MOther investing−$5.0MNet borrowing (+) / repaid (−)−$2.1MExchange rates$2.0MOther financing−$1.9MTaxes on employees’ shares−$1.3M
TripAdvisor: sources (+) and uses (−) of cash, TTM to Q3 2026TripAdvisor: sources (+) and uses (−) of cash, 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 profit to cash

TripAdvisor: net income to operating cash flow, Q3 2026TripAdvisor: net income to operating cash flow, Q3 2026Net income−$313MDepreciation & amortization$18.9MStock-based pay$15.2MImpairments$370MOther non-cash$3.1MReceivables$6.5MAccrued liabilities−$77.4MDeferred revenue−$22.1MIncome taxes payable$13.0MOperating cash flow−$127M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202648—102-54
Q2 202647—189-142
Q1 202647—107-60
Q4 202535—74-40
Q3 202551—184-133
Q2 202552—176-123
Q1 202553—185-132
Q4 202450—204-153

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026−$127M−$9.3M—−$2.1M$145M−$137M
Q2 2026$144M−$6.0M—−$2.2M$225M$138M
Q1 2026$118M−$16.5M—−$2.1M−$85.5M$101M
Q4 2025−$103M−$33.8M−$50.0M−$2.6M$182M−$137M
Q3 2025$44.4M−$13.9M—−$4.2M−$5.7M$30.5M
Q2 2025$202M−$15.3M—−$2.2M−$57.9M$186M
Q1 2025$102M−$19.0M—−$2.1M−$89.7M$82.7M
Q4 2024−$3.0M−$23.0M—−$3.0M$48.0M−$26.0M

TripAdvisor: income statement and cash flow

TripAdvisor, Q3 2026: revenue $436M (-11% year over year), operating margin -77.2%. The chart follows the revenue to costs, profit and cash.

TripAdvisor: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.