TripAdvisor (TRIP) financial statements
TripAdvisor reported revenue of $1.9B in fiscal 2025, up 2.8% a year over 9 years.
Net income was $40M and the operating margin 4.2%, against 11.2% in 2016.
Free cash flow was $163M, and the company returned $90M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TripAdvisor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.6B | $1.6B | $604M | $902M | $1.5B | $1.8B | $1.8B | $1.9B |
| Cost of revenue | — | $72M | $86M | $94M | $55M | $74M | $78M | $119M | $131M | $145M |
| Gross profit | — | $1.5B | $1.5B | $1.5B | $549M | $828M | $1.4B | $1.7B | $1.7B | $1.7B |
| Selling, general and admin | $899M | $1.0B | $955M | $859M | $489M | $636M | $858M | $1.0B | $820M | $859M |
| Operating income | $166M | $124M | $183M | $187M | -$329M | -$131M | $101M | $126M | $92M | $80M |
| Interest expense | $12M | $15M | $12M | $7M | $35M | $45M | $44M | $44M | $46M | $63M |
| Pre-tax income | $151M | $110M | $173M | $194M | -$369M | -$185M | $67M | $125M | $87M | $45M |
| Income tax | $31M | $129M | $60M | $68M | -$80M | -$37M | $47M | $115M | $82M | $5M |
| Net income | $120M | -$19M | $113M | $126M | -$289M | -$148M | $20M | $10M | $5M | $40M |
| EPS (diluted) | $0.82 | -$0.14 | $0.81 | $0.89 | -$2.14 | -$1.08 | $0.14 | $0.08 | $0.04 | $0.31 |
| Diluted shares | 147M | 140M | 140M | 141M | 135M | 137M | 146M | 145M | 145M | 131M |
| Gross margin | — | 95.4% | 94.7% | 94.0% | 90.9% | 91.8% | 94.8% | 93.3% | 92.9% | 92.3% |
| Operating margin | 11.2% | 8.0% | 11.3% | 12.0% | -54.5% | -14.5% | 6.8% | 7.0% | 5.0% | 4.2% |
| Net margin | 8.1% | -1.2% | 7.0% | 8.1% | -47.8% | -16.4% | 1.3% | 0.6% | 0.3% | 2.1% |
Balance sheet
Fiscal years, from TripAdvisor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $730M | $708M | $670M | $319M | $418M | $723M | $1.0B | $1.1B | $1.1B | $978M |
| Receivables | $189M | $230M | $205M | $176M | $70M | $105M | $205M | $192M | $207M | $175M |
| Total current assets | $950M | $993M | $915M | $533M | $573M | $940M | $1.3B | $1.3B | $1.3B | $1.3B |
| Property, plant and equipment | $260M | $263M | $253M | $270M | $240M | $215M | $194M | $191M | $200M | $164M |
| Goodwill | $736M | $758M | $756M | $840M | $862M | $843M | $822M | $829M | $814M | $724M |
| Total assets | $2.2B | $2.3B | $2.2B | $2.0B | $2.0B | $2.3B | $2.6B | $2.5B | $2.6B | $2.6B |
| Total current liabilities | $423M | $372M | $393M | $435M | $242M | $357M | $533M | $572M | $628M | $998M |
| Long-term debt | $91M | $230M | — | — | $491M | $833M | $836M | $839M | $831M | $819M |
| Total liabilities | $736M | $909M | $696M | $823M | $1.1B | $1.5B | $1.7B | $1.7B | $1.6B | $2.0B |
| Shareholders' equity | $1.5B | $1.4B | $1.5B | $1.2B | $886M | $789M | $861M | $871M | $943M | $645M |
| Net debt | -$521M | -$443M | -$655M | -$319M | $73M | $110M | -$185M | -$228M | -$233M | -$159M |
Cash flow
Fiscal years, from TripAdvisor's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $321M | $238M | $405M | $424M | -$194M | $108M | $400M | $235M | $144M | $245M |
| Capital spending | $72M | $64M | $61M | $83M | $55M | $54M | $56M | $63M | $74M | $82M |
| Free cash flow | $249M | $174M | $344M | $341M | -$249M | $54M | $344M | $172M | $70M | $163M |
| Stock-based compensation | $85M | $96M | $118M | $124M | $109M | $120M | $88M | $96M | $120M | $108M |
| Dividends paid | — | — | — | $488M | — | — | — | — | — | — |
| Share buybacks (net) | -$105M | -$250M | -$100M | -$60M | -$115M | $0 | $0 | -$100M | -$25M | -$90M |
| Free cash flow margin | 16.8% | 11.2% | 21.3% | 21.9% | -41.2% | 6.0% | 23.1% | 9.6% | 3.8% | 8.6% |
| Dividends per share | — | — | — | $3.47 | — | — | — | — | — | — |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TRIP.
Open TRIP in InvestinglyQuestions
What was TripAdvisor's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does TripAdvisor generate?
$163M in fiscal 2025 (operating cash flow minus capital spending).
From TripAdvisor's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.