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TripAdvisor (TRIP) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 7, 2026

TripAdvisor (TRIP) reported revenue of $382M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -7% from the quarter before. Operating margin was -6.6%, net loss $32.4M (8.5% of revenue).

Revenue$382M
Year over year-4%
Quarter over quarter-7%
Operating margin-6.6%
Net earnings−$32.4M

TripAdvisor, Q1 2026: revenue $382M (-4% year over year), operating margin -6.6%, net loss $32.4M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$382M-7%-4%
Operating profit−$25.2M——
Net earnings−$32.4M——
Operating cash flow$118M—+16%
Free cash flow$101M—+22%

What changed

Revenue was $382.4M in Q1 2026, down 4% year over year and down 7% from the previous quarter.

Operating costs exceeded revenue by $25.2M, an operating margin of -6.6%. Total costs fell 1% while revenue fell 4%. The fastest-growing cost line was Cost of revenue (+22%). The quarter ended with a net loss of $32.4M, narrower than the previous quarter's $38.0M loss.

Operating cash flow was $117.8M (up 16% year over year). Non-cash charges added back $24.6M of depreciation and amortization and $20.7M of share-based compensation. Working capital and other items added $104.9M. Capital expenditures of $16.5M left free cash flow of $101.3M.

Questions

What was TripAdvisor's revenue in the first quarter 2026?

TripAdvisor (TRIP) reported revenue of $382M for the first quarter 2026 (Q1 2026), -4% from a year earlier and -7% from the quarter before.

Was TripAdvisor profitable in the first quarter 2026?

Operating loss was $25.2M (-6.6% of revenue) and net loss $32.4M.

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Source: TripAdvisor 10-Q on SEC EDGAR.