TripAdvisor (TRIP) Operating Expenses (2011 - 2026)
TripAdvisor (TRIP) recorded quarterly Operating Expenses of $407.6 million in Q1 2026, down 8.4% quarter-over-quarter from $445.0 million in Q4 2025, and down 1.47% on a YoY basis from $413.7 million in Q1 2025.
TripAdvisor (TRIP) Operating Expenses (2011 - 2026) Analysis & Trends
TripAdvisor's Operating Expenses history runs 16 years deep, the most recent figure standing at $407.6 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 1.47% year-over-year to $407.6 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 3.31% YoY), while the FY2025 annual figure was $1.8 billion, up 3.9% from the prior year.
- Operating Expenses was $407.6 million for Q1 2026 at TripAdvisor, down from $445.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $483.0 million in Q3 2025 to a low of $282.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $412.7 million across 5 years, with a median of $411.0 million in 2024.
- Biggest YoY gain for Operating Expenses was 36.52% in 2023; the steepest drop was 2.19% in 2023.
- A 5-year view of Operating Expenses shows it stood at $366.0 million in 2022, then slipped by 2.19% to $358.0 million in 2023, then grew by 14.8% to $411.0 million in 2024, then advanced by 8.27% to $445.0 million in 2025, then fell by 8.4% to $407.6 million in 2026.
- The last three Operating Expenses figures came in at $407.6 million (Q1 2026), $445.0 million (Q4 2025), and $483.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 4.26 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 2.59 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 582.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 3.94 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 797.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 720.40 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 837.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 802.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -1.38 Bn |
| 10 | TripAdvisor | 1.37 Bn | 248.54 Mn | 204.80 Mn | 407.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 407.60 Mn |
| Dec 31, 2025 | 445.00 Mn |
| Sep 30, 2025 | 483.00 Mn |
| Jun 30, 2025 | 470.00 Mn |
| Mar 31, 2025 | 413.70 Mn |
| Dec 31, 2024 | 411.00 Mn |
| Sep 30, 2024 | 462.00 Mn |
| Jun 30, 2024 | 461.00 Mn |
| Mar 31, 2024 | 410.00 Mn |
| Dec 31, 2023 | 358.00 Mn |
| Sep 30, 2023 | 469.00 Mn |
| Jun 30, 2023 | 450.00 Mn |
| Mar 31, 2023 | 385.00 Mn |
| Dec 31, 2022 | 366.00 Mn |
| Sep 30, 2022 | 389.00 Mn |
| Jun 30, 2022 | 354.00 Mn |
| Mar 31, 2022 | 282.00 Mn |
| Dec 31, 2021 | 269.00 Mn |
| Sep 30, 2021 | 287.00 Mn |
| Jun 30, 2021 | 270.00 Mn |