TRIP · NASDAQ · Travel Services

Tripadvisor (TRIP)

Connects travelers with experiences, hotel guidance, restaurant discovery, and dining reservations.

$8.57
vs last close−0.23 (−2.67%)
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Tripadvisor, Inc.TRIP
Consumer Discretionary

Runs Viator experiences booking, Tripadvisor travel guidance and hotel advertising, and TheFork dining reservations. Revenue comes from completed booking commissions, click and media advertising, partner demand, and restaurant software, with search traffic and large travel partners shaping the model.

Centers on three platforms: Viator and Tripadvisor points of sale for bookable tours, activities, and attractions; Tripadvisor travel guidance, hotel metasearch, and advertising; and TheFork for European restaurant reservations and restaurant software.

Operates with a global traveler audience and TheFork concentrated in Europe. The model turns user reviews, travel-intent data, supplier inventory, and completed bookings into discovery, planning, and transaction flow.

Execution depends on marketplace supply, user-generated content, paid and unpaid search traffic, and demand from hotel and travel partners. Recent operating work has shifted resources toward Experiences, TheFork, and AI-enabled personalization while legacy Hotels and Other remains more exposed to search and partner concentration.

Company facts

CEOMatt Goldberg
ListedDec 21, 2011
ExchangeNASDAQ
HeadquartersNeedham, MA
CountryUnited States
Employees2,590
CIK0001526520
ISINUS8969452015

Market cap$1.02B
EPS (ttm)$0.0100
P/E (ttm)880.00
ROE0.8%
P/B1.55
P/S0.5726
Dividend yieldDiv yield
Beta1.35vs XLY 0.91

Price target$13.75+56.2%Average of 56 analysts
ConsensusHold35 of 56 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 11, 2026UBSReiterate
Rating: Target: $15
Rating: NeutralTarget: $12
Aug 7, 2026Cantor FitzgeraldReiterate
Rating: Target: $10
Rating: UnderweightTarget: $9
Jul 30, 2026UBSReiterate
Rating: Target: $16
Rating: NeutralTarget: $15
Jul 21, 2026BTIGDowngrade
Rating: Buy
Rating: Neutral
Jul 20, 2026Goldman SachsReiterate
Rating: Target: $22
Rating: BuyTarget: $16

Next report
Nov 5, 26
in 44 days
EPS estimate
$0.44
Revenue estimate
$449.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.30$0.14$0.46$0.65$0.04−$0.11$0.35Pending
Estimate$0.21$0.05$0.42$0.58$0.15−$0.03$0.38$0.44
Surprise+42.9%+180.0%+9.5%+12.1%−73.3%−266.7%−6.7%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$411.0M$398.0M$529.0M$553.0M$411.3M$382.4M$441.9MPending
Estimate$403.5M$529.9M$573.3M$412.5M$412.7M$384.7M$506.3M$449.8M
Surprise+1.9%−24.9%−7.7%+34.0%−0.3%−0.6%−12.7%
Estimate$0.44
ReportedDue Nov 5, 2026
Estimate$449.8M
ReportedDue Nov 5, 2026
View details

Debt to equity134.90%
Current ratio156.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$532.0M$411.0M$398.0M$529.0M$553.0M$411.0M$382.4M$441.9M
Net income$39.0M$1.0M−$11.0M$36.0M$53.0M−$38.0M−$32.4M$22.4M
Net margin7.3%0.2%0.0%6.8%9.6%0.0%0.0%5.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$70.0M$20.0M−$15.0M$59.0M$70.0M−$34.0M−$21.7M$37.8M
YoY growth+9.4%−42.9%Loss widened+63.9%0.0%Turned lossLoss widened−35.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $843.2M · Total debt $893.9M · Total assets $2.53B · Shareholders' equity $662.5M

Revenue
$441.9M
Operating income
$37.8M
Net income
$22.4M
View details

No dividends on record.

Institutions113.87%133.46M shares
320 holders · as of Jun 30, 2026
Insiders1.53%1.80M shares
19 holders · as of Sep 4, 2026
Strategic holders10.10%11.84M shares
3 holders · as of Sep 9, 2025
Adds to125.50%

117.20M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 125.50%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
14.88%17.44Mas of Jun 30, 2026
Ameriprise Financial IncInstitution
9.00%10.55Mas of Jun 30, 2026
Eagle Capital Management, LLCInstitution
7.22%8.46Mfiled Feb 14, 2020
Nuveen, LLCInstitution
6.06%7.10Mas of Jun 30, 2026
Trip.com Group LimitedStrategic
5.93%6.95Mfiled Jul 17, 2020

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 2, 2026Almir Ambeskovicofficer: CEO, TheFork−8,000$9.45
Jul 16, 2026Kristen Ann Daltonofficer: Chief Strategy & Ops Officer−7,908$15.00
Jun 2, 2026Almir Ambeskovicofficer: CEO, TheFork−8,000$12.30
Mar 2, 2026Almir Ambeskovicofficer: CEO, TheFork−8,000$9.67
Dec 10, 2025Kristen Ann Daltonofficer: President, Brand Tripadvisor−18,000$14.98
View details

  • Booking

    Scale OTA rival across lodging, metasearch, attractions, and dining

  • Expedia Group

    Global OTA and travel-media overlap in lodging, ads, and activities

  • Trip.com Group (ADR)

    Asia-led OTA overlap in hotels, tours, content, and metasearch

  • Airbnb

    Travel marketplace overlap in stays, experiences, services, and discovery

  • Alphabet Class A

    Search, Maps, AI, and ads pressure travel discovery and hotel metasearch

  • MakeMyTrip

    India-focused OTA overlap in hotels, packages, activities, and planning

Compare

CompanyPriceChange
Tripadvisor$8.57−2.67%$1.02B880.08.70.6−16.5%
Booking$161.55−4.14%$130.58B18.714.54.6+8.2%
Expedia Group$265.68−5.46%$32.18B17.511.82.0+14.0%
Trip.com Group (ADR)$40.84+0.47%$26.41B7.914.32.7+11.4%
Airbnb$163.52−1.99%$99.02B38.128.57.5+16.5%
Alphabet Class A$354.32−0.18%$4.30T17.826.49.6+24.2%
MakeMyTrip$48.53+1.17%$4.51B145.136.94.3+1.1%
Median18.320.44.4+12.7%