TRIP TripAdvisor margins

Relative Growth: Rel. Growth: 48

Relative Strength: Rel. Strength: 19

Relative Valuation: Rel. Valuation: 59

Relative Profitability: Rel. Profitability: 47

Gross margin

92.2%

Operating margin

2.7%

EBITDA margin

9.1%

Net margin

0.3%

Based on the latest figures, TripAdvisor reports a gross margin of 92.2%, an operating margin of 2.7%, an EBITDA margin of 9.1%, and a net margin of 0.3%. All available margins contracted year over year, led by operating margin with a decline of 3.5 percentage points.

TRIP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, TripAdvisor recorded average margins of 92.95% gross, 5.45% operating, 12.14% EBITDA, and 1.79% net. All four current margins are below their three-year averages.

TRIP margin expansion

Year-over-year margin changes in percentage points

Operating margin led the decline, falling by 3.5 percentage points, while the other available margins also decreased.

Gross margin expansion

-0.6pp

Operating margin expansion

-3.5pp

EBITDA margin expansion

-3pp

Net margin expansion

-3.3pp

TRIP Gross margin

TripAdvisor recorded an average gross margin of 92.95% across the last 3 years. Against its three-year average, TripAdvisor's gross margin is currently 92.2%, 0.8 percentage points below its three-year average. Looking back over the last 3 years, TripAdvisor's gross margin reached 93.9% at its highest point in Sep 2024 and 92% at its lowest in Mar 2026.

TRIP Operating margin

Throughout the last 3 years, TripAdvisor had an average operating margin of 5.45%. The current operating margin stands at 2.7%, 2.8 percentage points below its three-year average. Looking back over the last 3 years, TripAdvisor's operating margin reached 7% at its highest point in Dec 2023 and 2.7% at its lowest in Jun 2026.

TRIP EBITDA margin

Over the last 3 years, the average EBITDA margin for TripAdvisor was 12.14%. The latest EBITDA margin for TripAdvisor is 9.1%, 3 percentage points below its three-year average. TripAdvisor's EBITDA margin ranged from a low of 9.1% in Jun 2026 to a high of 14.3% in Dec 2023.

TRIP Net margin

Over the last 3 years, TripAdvisor's net margin averaged 1.79%. Right now, TripAdvisor's current net margin is 0.3%, which is 1.5 percentage points below its three-year average. During this period, net margin reached a high of 4.3% in Sep 2025 and a low of 0.3% in Dec 2024.

TRIP margin group comparison

Margins compared with peer-group, industry and sector averages

TripAdvisor's gross margin of 92.2% is above the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 36.2%, TripAdvisor's gross margin is 155% higher.

TRIP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is TripAdvisor's gross margin?

As of Jun 30, 2026, TRIP has a gross margin of 92.2%.

What is TripAdvisor's operating margin?

As of Jun 30, 2026, TRIP has an operating margin of 2.7%.

What is TripAdvisor's EBITDA margin?

The current EBITDA margin for TRIP is 9.1% as of Jun 30, 2026.

What is TripAdvisor's net margin?

As of Jun 30, 2026, TRIP has a net margin of 0.3%.

What are the average margins of TRIP?

Over the last 3 years, TripAdvisor's margins averaged 93.0% gross, 5.5% operating, 12.1% EBITDA, and 1.8% net.

What are the highest historical margins of TRIP?

Over this 5-year history, TRIP peaked at 94.8% gross in Dec 2022, 7% operating in Dec 2023, 14.3% EBITDA in Dec 2023, and 4.3% net in Sep 2025.

What are the lowest historical margins of TRIP?

Over this 5-year history, TripAdvisor's margins fell as low as 91.8% gross in Dec 2021, -14.5% operating in Dec 2021, -3.2% EBITDA in Dec 2021, and -16.4% net in Dec 2021.