TripAdvisor, Inc. TRIP
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $1.83B | $1.79B | $1.49B | $902.0M | $604.0M | $1.56B | $1.61B | $1.56B | $1.48B |
| Cost of revenue | $145.0M | $128.0M | $119.0M | $78.0M | — | — | — | — | — | — |
| Gross profit | $1.75B | $1.71B | $1.67B | $1.41B | — | — | — | — | — | — |
| SG&A | $68.0M | $91.0M | $79.0M | $74.0M | $167.0M | $173.0M | $187.0M | $177.0M | $157.0M | $143.0M |
| Total operating expenses | $1.81B | $1.74B | $1.66B | $1.39B | $1.03B | $933.0M | $1.37B | $1.43B | $1.43B | $1.31B |
| Operating income | $80.0M | $92.0M | $126.0M | $101.0M | -$131.0M | -$329.0M | $187.0M | $183.0M | $124.0M | $166.0M |
| Interest expense | $63.0M | $46.0M | $44.0M | $44.0M | $45.0M | $35.0M | $7.0M | $12.0M | $15.0M | $12.0M |
| Pre-tax income | $45.0M | $87.0M | $125.0M | $67.0M | -$185.0M | -$369.0M | $194.0M | $173.0M | $110.0M | $151.0M |
| Income tax | $5.0M | $82.0M | $115.0M | $47.0M | $37.0M | $80.0M | $68.0M | $60.0M | $129.0M | $31.0M |
| Net income | $40.0M | $5.0M | $10.0M | $20.0M | -$148.0M | -$289.0M | $126.0M | $113.0M | -$19.0M | $120.0M |
| EPS, basic | 0.32 | 0.04 | 0.07 | 0.14 | -1.08 | -2.14 | 0.91 | 0.82 | -0.14 | 0.83 |
| EPS, diluted | 0.31 | 0.04 | 0.08 | 0.14 | -1.08 | -2.14 | 0.89 | 0.81 | -0.14 | 0.82 |
| Shares, diluted (wtd. avg.) | $131.0M | $145.0M | $144.8M | $145.7M | $137.2M | $134.9M | $140.7M | $140.4M | $140.4M | $146.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.03B | $1.06B | $1.07B | $1.02B | $723.0M | $418.0M | $319.0M | $655.0M | $673.0M | $612.0M |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.0M | $35.0M | $118.0M |
| Receivables | $209.0M | $207.0M | $192.0M | $205.0M | $105.0M | $70.0M | $176.0M | $205.0M | $230.0M | $189.0M |
| Total current assets | $1.29B | $1.32B | $1.30B | $1.27B | $940.0M | $573.0M | $533.0M | $915.0M | $993.0M | $950.0M |
| Property, plant and equipment | $210.0M | $200.0M | $191.0M | $194.0M | $215.0M | $240.0M | $270.0M | $253.0M | $263.0M | $260.0M |
| Goodwill | $844.0M | $814.0M | $829.0M | $822.0M | $843.0M | $862.0M | $840.0M | $756.0M | $758.0M | $736.0M |
| Other intangibles | $33.0M | $36.0M | $43.0M | $51.0M | $65.0M | $86.0M | $110.0M | $118.0M | $142.0M | $167.0M |
| Total assets | $2.62B | $2.56B | $2.54B | $2.57B | $2.29B | $1.97B | $1.98B | $2.17B | $2.27B | $2.24B |
| Accounts payable | $23.0M | $49.0M | $28.0M | $39.0M | $27.0M | $18.0M | $11.0M | $15.0M | $8.0M | $14.0M |
| Short-term debt | $353.0M | $5.0M | $0 | — | — | — | — | — | $7.0M | $80.0M |
| Total current liabilities | $998.0M | $628.0M | $572.0M | $533.0M | $357.0M | $242.0M | $435.0M | $393.0M | $372.0M | $423.0M |
| Long-term debt | $819.0M | $831.0M | $839.0M | $836.0M | $833.0M | $491.0M | — | — | $230.0M | $91.0M |
| Total liabilities | $1.98B | $1.62B | $1.67B | $1.71B | $1.50B | $1.08B | $823.0M | $696.0M | $909.0M | $736.0M |
| Retained earnings | $316.0M | $276.0M | $271.0M | $261.0M | $241.0M | $389.0M | $681.0M | $1.04B | $926.0M | $945.0M |
| Total equity | $645.0M | $943.0M | $871.0M | $861.0M | $789.0M | $886.0M | $1.16B | $1.47B | $1.36B | $1.50B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $245.0M | $144.0M | $235.0M | $400.0M | $108.0M | -$194.0M | $424.0M | $405.0M | $238.0M | $321.0M |
| Depreciation and amortisation | — | — | — | — | — | — | $93.0M | $82.0M | $79.0M | $69.0M |
| Stock-based compensation | $108.0M | $120.0M | $96.0M | $88.0M | $120.0M | $109.0M | $124.0M | $118.0M | $96.0M | $85.0M |
| Capital expenditure | $82.0M | $74.0M | $63.0M | $56.0M | $54.0M | $55.0M | $83.0M | $61.0M | $64.0M | $72.0M |
| Investing cash flow | -$84.0M | -$73.0M | -$63.0M | -$52.0M | -$54.0M | -$56.0M | -$176.0M | -$49.0M | $6.0M | -$163.0M |
| Financing cash flow | -$197.0M | -$63.0M | -$127.0M | -$27.0M | $263.0M | $341.0M | -$580.0M | -$358.0M | -$200.0M | -$143.0M |
| Dividends paid | — | — | — | — | — | — | $488.0M | — | — | — |
| Buybacks | $90.0M | $25.0M | $100.0M | $0 | $0 | $115.0M | $60.0M | $100.0M | $250.0M | $105.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197113.
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