TRIP TripAdvisor margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 22

Gross margin

91.9%

Operating margin

-21.4%

EBITDA margin

-14.9%

Net margin

-21.6%

TripAdvisor records its operating margin is negative at -21.4%, its EBITDA margin is negative at -14.9%, and its net margin is negative at -21.6%, with a gross margin of 91.9%, an operating margin of -21.4%, an EBITDA margin of -14.9%, and a net margin of -21.6%. All available margins contracted year over year, led by operating margin with a decline of 27.3 percentage points.

TRIP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, TripAdvisor recorded average margins of 92.86% gross, 3.15% operating, 9.88% EBITDA, and -0.13% 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 27.3 percentage points, while the other available margins also decreased.

Gross margin expansion

-1pp

Operating margin expansion

-27.3pp

EBITDA margin expansion

-27.1pp

Net margin expansion

-26.1pp

TRIP Gross margin

TripAdvisor recorded an average gross margin of 92.86% across the last 3 years. Against its three-year average, TripAdvisor's gross margin is currently 91.9%, 1 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 91.9% at its lowest in Sep 2026.

TRIP Operating margin

Throughout the last 3 years, TripAdvisor had an average operating margin of 3.15%. The current operating margin stands at -21.4%, 24.6 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 -21.4% at its lowest in Sep 2026.

TRIP EBITDA margin

Over the last 3 years, the average EBITDA margin for TripAdvisor was 9.88%. The latest EBITDA margin for TripAdvisor is -14.9%, 24.8 percentage points below its three-year average. TripAdvisor's EBITDA margin ranged from a low of -14.9% in Sep 2026 to a high of 14.3% in Dec 2023.

TRIP Net margin

Over the last 3 years, TripAdvisor's net margin averaged -0.13%. Right now, TripAdvisor's current net margin is -21.6%, which is 21.5 percentage points below its three-year average. During this period, net margin reached a high of 4.5% in Sep 2025 and a low of -21.6% in Sep 2026.

TRIP margin group comparison

Margins compared with peer-group, industry and sector averages

TripAdvisor's gross margin of 91.9% is above the Consumer Cyclical sector and the industry average. Looking at its Consumer Cyclical sector average of 36.3%, TripAdvisor's gross margin is 153% higher.

TRIP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is TripAdvisor's gross margin?

As of Sep 30, 2026, TRIP has a gross margin of 91.9%.

What is TripAdvisor's operating margin?

For the period ending Sep 30, 2026, TRIP recorded an operating margin of -21.4%.

What is TripAdvisor's EBITDA margin?

As of Sep 30, 2026, TRIP has a negative EBITDA margin of -14.9%.

What is TripAdvisor's net margin?

The current net margin for TRIP is -21.6% as of Sep 30, 2026.

What are the average margins of TRIP?

Over the last 3 years, TripAdvisor's margins averaged 92.9% gross, 3.2% operating, 9.9% EBITDA, and -0.1% 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 4.5% 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, -21.4% operating in Sep 2026, -14.9% EBITDA in Sep 2026, and -21.6% net in Sep 2026.