TripAdvisor (TRIP) Gross Margin (2011 - 2026)
TripAdvisor's (TRIP) quarterly Gross Margin came in at 91.42% in Q1 2026, up 3452.0% year-on-year from 2.57% in Q1 2025, and down 57.45% quarter-over-quarter from 214.84% in Q4 2025.
TripAdvisor (TRIP) Gross Margin (2011 - 2026) Analysis & Trends
TripAdvisor's Gross Margin history runs 16 years deep, the most recent figure standing at 91.42% for Q1 2026.
- On a quarterly basis, Gross Margin rose 3452.0% year-over-year to 91.42% in Q1 2026; TTM through Mar 2026 was 109.61%, a 3156.0% increase from a year earlier, with the FY2025 full-year figure at 92.33%, up 3206.0% from the prior year.
- Gross Margin eased to 91.42% in Q1 2026 per TRIP's latest filing, from 214.84% in the prior quarter.
- Across five years, Gross Margin topped out at 214.84% in Q4 2025 and bottomed at 56.91% in Q1 2025.
- The 5-year median for Gross Margin is 92.18% (2023), against an average of 94.65%.
- Biggest YoY gain for Gross Margin was 15182 bps in 2025; the steepest drop was 3676 bps in 2025.
- Year by year, Gross Margin stood at 101.98% in 2022, then declined by 3 bps to 98.46% in 2023, then plunged by 36 bps to 63.02% in 2024, then surged by 241 bps to 214.84% in 2025, then slumped by 57 bps to 91.42% in 2026.
- Per Business Quant, the three latest TRIP Gross Margin figures stand at 91.42% (Q1 2026), 214.84% (Q4 2025), and 92.59% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 62.62% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 49.53% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 78.30% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 55.39% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 41.37% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | - |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 89.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 40.89% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 79.62% |
| 10 | TripAdvisor | 1.56 Bn | 436.68 Mn | 349.60 Mn | 91.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 91.42% |
| Dec 31, 2025 | 214.84% |
| Sep 30, 2025 | 92.59% |
| Jun 30, 2025 | 58.79% |
| Mar 31, 2025 | 56.91% |
| Dec 31, 2024 | 63.02% |
| Sep 30, 2024 | 92.48% |
| Jun 30, 2024 | 91.95% |
| Mar 31, 2024 | 93.67% |
| Dec 31, 2023 | 98.46% |
| Sep 30, 2023 | 91.93% |
| Jun 30, 2023 | 91.70% |
| Mar 31, 2023 | 92.18% |
| Dec 31, 2022 | 101.98% |
| Sep 30, 2022 | 93.03% |
| Jun 30, 2022 | 92.57% |
| Mar 31, 2022 | 91.60% |
| Dec 31, 2021 | 91.70% |
| Sep 30, 2021 | 92.41% |
| Jun 30, 2021 | 91.91% |