TripAdvisor (TRIP) Operating Margin (2011 - 2026)
TripAdvisor's (TRIP) quarterly Operating Margin came in at 6.59% in Q1 2026, down 270.0% year-on-year from 3.88% in Q1 2025, and up 20.34% quarter-over-quarter from 8.27% in Q4 2025.
TripAdvisor (TRIP) Operating Margin (2011 - 2026) Analysis & Trends
TripAdvisor's Operating Margin history runs 16 years deep, the most recent figure standing at 6.59% for Q1 2026.
- On a quarterly basis, Operating Margin fell 270.0% year-over-year to 6.59% in Q1 2026; TTM through Mar 2026 was 3.72%, a 120.0% decrease from a year earlier, with the FY2025 full-year figure at 4.23%, down 78.0% from the prior year.
- Operating Margin grew to 6.59% in Q1 2026 per TRIP's latest filing, from 8.27% in the prior quarter.
- Across five years, Operating Margin topped out at 15.25% in Q3 2022 and bottomed at 8.27% in Q4 2025.
- The 5-year median for Operating Margin is 7.72% (2024), against an average of 4.15%.
- Across the five-year window, Operating Margin surged 6066 bps in 2022 and sank 620 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 3.39% in 2022, then jumped by 342 bps to 8.21% in 2023, then jumped by 60 bps to 13.16% in 2024, then tumbled by 163 bps to 8.27% in 2025, then increased by 20 bps to 6.59% in 2026.
- Per Business Quant, the three latest TRIP Operating Margin figures stand at 6.59% (Q1 2026), 8.27% (Q4 2025), and 12.66% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.98% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 26.10% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 3.21% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -12.11% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 61.84% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 12.77% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 7.33% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 9.99% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 16.11% |
| 10 | TripAdvisor | 1.56 Bn | 436.68 Mn | 349.60 Mn | -6.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.59% |
| Dec 31, 2025 | -8.27% |
| Sep 30, 2025 | 12.66% |
| Jun 30, 2025 | 11.15% |
| Mar 31, 2025 | -3.89% |
| Sep 30, 2024 | 13.16% |
| Jun 30, 2024 | 7.24% |
| Mar 31, 2024 | -3.80% |
| Dec 31, 2023 | 8.21% |
| Sep 30, 2023 | 12.01% |
| Jun 30, 2023 | 8.91% |
| Mar 31, 2023 | -3.77% |
| Dec 31, 2022 | -3.39% |
| Sep 30, 2022 | 15.25% |
| Jun 30, 2022 | 15.11% |
| Mar 31, 2022 | -7.63% |
| Dec 31, 2021 | -11.62% |
| Sep 30, 2021 | 5.28% |
| Jun 30, 2021 | -14.89% |
| Mar 31, 2021 | -68.29% |