TripAdvisor (TRIP) Gross Margin (2011 - 2026)
TripAdvisor (TRIP) recorded quarterly Gross Margin of 53.56% in Q1 2026, down 7.12% quarter-over-quarter from 57.66% in Q4 2025, and down 335.0% on a YoY basis from 22.79% in Q1 2025.
TripAdvisor (TRIP) Gross Margin (2011 - 2026) Analysis & Trends
TripAdvisor's Gross Margin history runs 16 years deep, the most recent figure standing at 53.56% for Q1 2026.
- In Q1 2026, Gross Margin fell 335.0% year-over-year to 53.56%; the TTM figure through Mar 2026 stood at 76.83% (up 128.0% YoY), while the FY2025 annual figure was 58.17%, down 3469.0% from the prior year.
- Gross Margin was 53.56% for Q1 2026 at TripAdvisor, down from 57.66% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 264.62% in Q4 2023 to a low of 38.7% in Q4 2022.
- Historically, Gross Margin has averaged 74.08% across 5 years, with a median of 58.99% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin surged 30332 bps in 2023, then tumbled 17118 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 38.7% in 2022, then surged by 784 bps to 264.62% in 2023, then plunged by 65 bps to 93.43% in 2024, then tumbled by 38 bps to 57.66% in 2025, then slipped by 7 bps to 53.56% in 2026.
- The last three Gross Margin figures came in at 53.56% (Q1 2026), 57.66% (Q4 2025), and 92.59% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 62.62% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 78.30% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 49.53% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 89.00% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 40.89% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 85.00% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 96.36% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 78.84% |
| 10 | TripAdvisor | 1.37 Bn | 248.54 Mn | 204.80 Mn | 53.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 53.56% |
| Dec 31, 2025 | 57.66% |
| Sep 30, 2025 | 92.59% |
| Jun 30, 2025 | 92.06% |
| Mar 31, 2025 | 56.91% |
| Dec 31, 2024 | 93.43% |
| Sep 30, 2024 | 60.34% |
| Jun 30, 2024 | 91.95% |
| Mar 31, 2024 | 58.99% |
| Dec 31, 2023 | 264.62% |
| Sep 30, 2023 | 48.97% |
| Jun 30, 2023 | 91.70% |
| Mar 31, 2023 | 92.18% |
| Dec 31, 2022 | -38.70% |
| Sep 30, 2022 | 49.02% |
| Jun 30, 2022 | 47.96% |
| Mar 31, 2022 | 46.18% |
| Dec 31, 2021 | 47.72% |
| Sep 30, 2021 | 51.16% |
| Jun 30, 2021 | 91.91% |