TRIP TripAdvisor, Inc. - Common Stock

NASDAQ · Media · View on SEC EDGAR ↗
$10.54
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026

About TripAdvisor, Inc. - Common Stock Company overview from Wikipedia

Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

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Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

Its namesake brand, Tripadvisor.com, operates in 40 countries and 20 languages, and features approximately 1 billion reviews and opinions on roughly 8 million establishments. The company's other brands include Bokun.io, Cruise Critic, FlipKey, TheFork, Holiday Lettings, Housetrip, Jetsetter, Singleplatform, Niumba, SeatGuru, and Viator. The company is headquartered in Needham, Massachusetts.

In 2023, Tripadvisor earned 25 percent of its revenues from Expedia Group and Booking Holdings and their subsidiaries, primarily for pay-per-click advertising.

Matt Goldberg has been Tripadvisor's CEO and president since July 2022.

History

2000–2009

Tripadvisor LLC was founded by Stephen Kaufer, Langley Steinert, Nick Shanny, and Thomas Palka in February 2000. Kaufer came up with the idea of such a company after being frustrated with planning a family vacation.

In September 2000, before the website was launched, the company obtained $2 million in seed money financing from Flagship Ventures, the Bollard Group, and private investors.

By 2004, the website had 5 million unique visitors per month. That same year, the company was acquired by IAC/InterActiveCorp. In August 2005, IAC spun off its travel group of businesses under Expedia.

In 2007 and 2008, the company acquired several travel-related websites. In 2007, it purchased Smarter Travel Media and its associated sites, including SeatGuru.com and Cruise Critic. In 2008, it acquired Holiday Watchdog, Airfarewatchdog, VirtualTourist, OneTime.com, and a majority stake in FlipKey.

In April 2009, Tripadvisor launched in China. The company acquired Kuxun.cn, China's second-largest consumer travel site and hotel and flight search engine, in October 2009. In August 2015, Kuxun was sold to Meituan.

2010–2019

In June 2010, the company acquired holidaylettings.co.uk, the largest independent vacation rental website in the United Kingdom. In September 2010, SmarterTravel, part of TripAdvisor Media Group, launched SniqueAway (now Jetsetter), the first members-only site where each travel deal is endorsed by member reviews. In July 2011, the company acquired Where I've Been, a Chicago-based Facebook app.

In December 2011, Expedia completed the corporate spin-off of Tripadvisor into a public company, with shares trading on NASDAQ under the symbol TRIP.

Between 2012 and 2014, the company acquired several travel-related businesses. These included Wanderfly in 2012; Jetsetter, GateGuru, and Oyster.com in 2013; and Vacation Home Rentals, Tripod, LaFourchette (later renamed theFork), Viator, Mytable, Restopolis, and Tripbod in 2014.

In 2015, the company acquired Iens, a Dutch restaurant review website; SeatMe, a Dutch table reservation website, ZeTrip, Inc., including its product Rove, a personal journal app; Portuguese startup BestTables, and Australian startup Dimmi for $25 million. In April 2016, the company acquired HouseTrip, a holiday rental marketplace based in London. In August 2016, Tripadvisor acquired Citymaps.com, which developed a social mapping site and cross-platform map engine based on OpenStreetMap data. In April 2018, the company acquired Icelandic startup Bokun, a provider of software for travel booking, and in November 2018, the company added DoorDash to its restaurant listings.

In December 2019, Tripadvisor acquired SinglePlatform, a platform that syndicates restaurant menus, from its parent company, Endurance International Group, for $51 million. The company also acquired BookATable from Michelin Guide.

2020–present

In February 2020, the company changed its name from TripAdvisor to Tripadvisor, using a lowercase "a".

In April 2020, during the COVID-19 pandemic, Tripadvisor announced 600 layoffs in Canada and the United States and 300 more in other countries as part of a 25% reduction in workforce. The company also closed offices in downtown Boston and San Francisco. In July 2020, Tripadvisor sold 8 brands to Hopjump: Smarter Travel, Airfarewatchdog, BookingBuddy, OneTime, Oyster.com, Family Vacation Critic, What To Pack, and Holiday Watchdog.

On December 8, 2020, China blocked 105 apps, including Tripadvisor, from mobile app stores. The Cyberspace Administration of China stated that the apps were "illegal", and that public concerns were raised around "obscene, pornographic and violent information or fraud, gambling and prostitution".

In December 2020, the Tripadvisor.com website drew 90.2 million visits, and the Tripadvisor app was among the top 10 travel apps in 26 countries as of January 2021.

In May 2022, Matt Goldberg was announced as the new CEO of Tripadvisor, replacing Stephen Kaufer.

In April 2025, Tripadvisor completed a $430 million acquisition of its parent company, Liberty Tripadvisor Holdings.

In November 2025, Tripadvisor announced plans to merge Viator and Tripadvisor under one team to create a new 'experience-led' operating model. In the same month, the company launched an AI-powered Tripadvisor app within ChatGPT. Users logged-in to ChatGPT can use the app to plan vacations, read reviews, and ask questions. Users can also ask the app to help them plan a specific trip.

Controversies

Review system

Tripadvisor has been the subject of controversy for allowing unsubstantiated anonymous reviews to be posted about any hotel, bed and breakfast, inn, or restaurant.

In May 2021, Tripadvisor was criticized for allowing an offensive review to be posted about the Auschwitz-Birkenau State Museum in which a visitor described bringing a baby to the gas chambers. Tripadvisor initially stated the review complied with submission guidelines, but later removed it following backlash on social media.

Fake reviews

The common presence of fake reviews on Tripadvisor's website has led to criticism of the company. In March 2014, Tripadvisor's Chinese site came under significant public scrutiny when one particular user was found to have reviewed 51 Parisian restaurants in one month, while also reviewing 50 hotels in other countries. Separately, in November 2017, Oobah Butler, a journalist for Vice Media, claimed to have made money posting positive reviews for restaurants he never visited, in exchange for payment.

In October 2015, an ex-hotel manager at Meriton said guests were offered inducements to change ratings they left on the site. In 2018, Meriton was fined AU$3 million by the Australian Competition & Consumer Commission for misleading consumers.

In September 2019, the consumer group Which? said that Tripadvisor had not done enough to prevent fake reviews. In a survey of nearly 250,000 reviews of the top ten hotels in ten popular tourist destinations, it found that about one in seven reviews showed clear signs of being fake positive reviews.

Phantom establishments

In May 2013, a fake restaurant was set up by a disgruntled businessman and reportedly had diners looking for the eatery in an alley filled with rubbish bins. The fake listing went undetected on Tripadvisor for about two months.

In November 2017, journalist Oobah Butler used fake reviews to boost a nonexistent restaurant named The Shed at Dulwich to the top of Tripadvisor rankings for restaurants in London.

Crime-related reviews

In November 2017, Tripadvisor removed reviews by two women who reported that they were raped at the Iberostar Paraiso Maya in Playa del Carmen in separate incidents in 2010 and 2015. One case involved a hotel security guard. The women said hotel staff promised to contact authorities but did not do so. After the women posted warnings on Tripadvisor, their reviews were deleted. One review was later restored, while the other was not. Reports also identified at least 12 similar incidents at hotels and resorts in Mexico, where warnings posted on Tripadvisor were removed or not published.

Malicious reviews

In 2012, an action was brought in a Sheriff Court in Scotland by Richard Gollin, the owner of a guesthouse in the Outer Hebrides, who claimed damages for malicious statements. Tripadvisor first asserted that the Scottish courts lacked jurisdiction since it is based in the United States. However, it later conceded that it could be sued in the UK's jurisdiction. The court ruled that Tripadvisor's terms of use constituted a contract, which was actionable/enforceable by the business being reviewed. The case was found to involve issues relating to the Unfair Terms in Consumer Contracts Act of 1977, and these issues were referred to a higher court in Stornoway. The plaintiff eventually dropped the case because he could not afford to pursue it. In March 2015, Dietmar Doering, a German hotelier based in Sri Lanka, accused Tripadvisor of hosting malicious reviews of his resort, The Cosy Beach in Marawila. He claimed he was compelled to take legal action for the estimated damages of US$500,000.

Politically motivated reviews

In 2019, a guesthouse being used as the headquarters for Reform UK was "trolled" by hundreds of users leaving one-star reviews on Tripadvisor. The guesthouse in Norfolk was owned by the husband of Catherine Blaiklock, the leader of the political party.

Improper commercial practices

In December 2014, the Italian Antitrust Authority fined Tripadvisor €500,000 for improper commercial practices on the Tripadvisor website. The Italian Authority said Tripadvisor and its Italian arm should stop publishing misleading information about the sources of the reviews. In June 2015, a fake restaurant created by a newspaper rose to the top of the site's rankings in Italy.

In August 2013, Kenneth Seaton lost a $10 million lawsuit against the company in which he claimed that the ranking for his Grand Resort Hotel and Convention Center in Pigeon Forge, Tennessee, as "America's dirtiest hotel" was based on unsubstantiated rumors.

Breaches of advertising standards

In September 2011, after receiving a complaint submitted by online investigations company KwikChex, the UK Advertising Standards Authority (ASA) launched a formal investigation into Tripadvisor's claims to provide trustworthy and honest reviews from travelers. The ASA found that Tripadvisor "should not claim or imply that all its reviews were from real travellers, or were honest, real or trusted", and as a result of the investigation, Tripadvisor was ordered to remove the slogan "reviews you can trust" from its UK website. It changed its hotel review section slogan to "reviews from our community." Tripadvisor said the branding change had been planned for some time and that changes began in June 2011, before the ASA investigation. ASA commented that "it was concerned that consumers might be fooled by fraudulent posts since the entries could be made without any form of verification", but recognized that Tripadvisor used "advanced and highly effective fraud systems" in an attempt to identify and remove fake content.Approximately 30 hotels have been penalized on the website by the company for suspicious reviews, including a Cornwall hotel that bribed guests to leave positive reviews of the hotel.

Tripadvisor has stated that reviews are subject to a verification process that considers the IP address and email address of the author, and tries to detect any suspicious patterns or obscene or abusive language. The website also allows the community of users to report suspicious content, which is then assessed by Tripadvisor staff.

Drip pricing

In July 2012, Tripadvisor was fined $80,000 by the United States Department of Transportation for violating fair trading regulations requiring taxes and fees to be shown for prices quoted for airfares, a practice known as drip pricing. The rule had come into effect in January of that year.

Involvement in Israeli settlements

On 12 February 2020, the United Nations published a database of all business enterprises involved in specified activities relating to the Israeli settlements in the Palestinian territories, including East Jerusalem, and in the Golan Heights. Tripadvisor has been listed on the database in light of its involvement in activities related to "the provision of services and utilities supporting the maintenance and existence of settlements". The international community considers Israeli settlements built on land occupied by Israel to be in violation of international law.

Denigration

On November 21, 2022, the Paris Commercial Court ordered Tripadvisor to pay €57,000 in damages and other costs to Viaticum, the company that operates the Bourse-des-vols.com website, for denigration.

British guest jailed over sexual harassment complaint

In 2024, Craig Barratt and his wife, Sarah, a British couple, became involved in a legal dispute in Qatar after Sarah alleged that she had been sexually harassed by two men while staying at the Ritz-Carlton Doha. According to the couple, one of the men asked for her room number and made sexually explicit remarks that caused her to fear for her safety. Barratt subsequently complained to the hotel, whose management allegedly reviewed security footage and identified the men.

Following the incident, Barratt posted a review on Tripadvisor warning that the hotel was unsafe for women. The review was reportedly removed after the hotel complained, and the hotel’s authorised representative subsequently filed a criminal complaint against Barratt under Qatar’s cybercrime legislation. Barratt said that he was not informed of the proceedings and was convicted in absentia by a Qatari court in February 2025.

Barratt discovered the conviction when he was detained at Hamad International Airport in June 2025. According to statements by the couple, he was sentenced to one week in prison, fined 20,000 Qatari riyals and ordered to be deported; the imprisonment sentence was later removed on appeal. He was detained again in October 2025, reportedly spending four nights in custody before being deported from Qatar.

The case attracted attention because of allegations that a hotel guest’s complaint about the handling of sexual harassment resulted in criminal proceedings against her husband. Barratt said that the case had broader implications for international visitors and the use of Qatar’s cybercrime laws, while the account was presented primarily through statements by the couple and media reports. Qatar’s legal system places a high burden on complainants in sexual-assault cases, and sexual relations outside marriage are illegal, according to British government travel guidance.

Awards

In 2019, Tripadvisor was named America's Best Midsize Employer by Forbes.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

TRIP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$10.54
Market Cap
$1.29B
P/E (TTM)
36.4
EPS (TTM)
$0.31
Revenue (TTM)
$1.89B
Div Yield
ROE
6.3%
Debt/Equity
1.8
52W Range
$9 – $20

TRIP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.89B
10-point trend, +27.8%
2016-12-31 2025-12-31
EPS $0.31
10-point trend, -62.2%
2016-12-31 2025-12-31
Free Cash Flow $163M
10-point trend, -34.5%
2016-12-31 2025-12-31
Margins 2.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TRIP
Peer Median
P/E (TTM)
5-point trend, +286.1%
36.4
29.4
P/S (TTM)
5-point trend, -76.8%
0.7
3.0
P/B
5-point trend, -40.6%
2.0
2.6
EV / EBITDA
5-point trend, +183.4%
17.8
Price / FCF
5-point trend, -83.9%
7.9

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TRIP
Peer Median
Operating Margin
5-point trend, +129.1%
4.2%
Net Profit Margin
5-point trend, +112.9%
2.1%
6.4%
ROA
5-point trend, +122.2%
1.5%
7.7%
ROE
5-point trend, +133.6%
6.3%
10.3%
ROIC
5-point trend, +160.5%
3.9%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TRIP
Peer Median
Debt / Equity
5-point trend, +72.1%
1.8
Current Ratio
5-point trend, -50.9%
1.3
1.7
Quick Ratio
5-point trend, -46.3%
1.2

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TRIP
Peer Median
Revenue YoY
5-point trend, +109.6%
3.0%
Revenue CAGR 3Y
5-point trend, +109.6%
8.2%
Revenue CAGR 5Y
5-point trend, +109.6%
25.6%
EPS YoY
5-point trend, +128.7%
675.0%
Net Income YoY
5-point trend, +127.0%
700.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TRIP
Peer Median
EPS (Diluted)
5-point trend, +128.7%
$0.31

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TRIP
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Nov. 19, 2019$3.5000

TRIP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

HOLD 21 analysts
  • Strong Buy 3 14.3%
  • Buy 1 4.8%
  • Hold 10 47.6%
  • Sell 4 19.0%
  • Strong Sell 3 14.3%

12-Month Price Target

15 analysts · 2026-08-17
Median target $13.00 +23.3%
Mean target $13.87 +31.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.35 $0.37 -0.02%
March 31, 2026 $-0.11 $-0.07 -0.04%
Dec. 31, 2025 $0.04 $0.14 -0.10%
Sept. 30, 2025 $0.65 $0.56 0.09%
June 30, 2025 $0.46 $0.41 0.05%
March 31, 2025 $0.14 $0.04 0.10%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
TRIP $1.67B 47.0 3.0% 2.1% 6.3%
PPLI
GRND $2.51B 31.5 27.6% 21.5% 80.7%
DJT -4.7
ZD $1.35B 30.6 3.5% 3.3% 2.6%
YELP $1.82B 13.6 3.8% 9.9% 20.0%
WBTN $1.70B -4.9 2.5% -25.0% -26.2%
QNST $920M 201.2 78.3% 0.43% 2.0% 10.1%
GTM $3.13B 26.8 2.9% 9.9% 8.1% 84.0%
FUBO $5.13B -28.0 18.6% -10.6% -31.6%
TBLA

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +51.8% $1.89B $1.83B $1.79B $1.49B $902M $604M $1.56B $1.61B $1.56B $1.48B $1.49B $1.25B
Cost of Revenue 4-point trend, +85.9% $145M $128M $119M $78M · · · · · · · ·
SG&A Expense 12-point trend, -46.9% $68M $91M $79M $74M $167M $173M $187M $177M $157M $143M $210M $128M
Operating Expenses 12-point trend, +99.9% $1.81B $1.74B $1.66B $1.39B $1.03B $933M $1.37B $1.43B $1.43B $1.31B $1.26B $906M
Operating Income 12-point trend, -76.5% $80M $92M $126M $101M $-131M $-329M $187M $183M $124M $166M $232M $340M
Interest Expense 10-point trend, +388.9% · · $44M $44M $45M $35M $7M $12M $15M $12M $10M $9M
Interest Income 9-point trend, +3900.0% $40M $48M $47M $15M $1M $3M $17M $7M $1M · · ·
Other Non-op 12-point trend, -33.3% $-12M $-7M $-4M $-5M $-10M $-8M $-3M $-5M $1M $-3M $17M $-9M
Pretax Income 12-point trend, -86.0% $45M $87M $125M $67M $-185M $-369M $194M $173M $110M $151M $239M $322M
Income Tax 12-point trend, -94.8% $5M $82M $115M $47M $-37M $-80M $68M $60M $129M $31M $41M $96M
Net Income 12-point trend, -82.3% $40M $5M $10M $20M $-148M $-289M $126M $113M $-19M $120M $198M $226M
EPS (Basic) 12-point trend, -79.7% $0.32 $0.04 $0.07 $0.14 $-1.08 $-2.14 $0.91 $0.82 $-0.14 $0.83 $1.38 $1.58
EPS (Diluted) 12-point trend, -80.0% $0.31 $0.04 $0.08 $0.14 $-1.08 $-2.14 $0.89 $0.81 $-0.14 $0.82 $1.36 $1.55
Shares (Basic) 12-point trend, -12.4% 125,000,000 139,000,000 139,000,000 140,000,000 137,000,000 135,000,000 139,000,000 138,000,000 140,000,000 145,443,000 143,836,000 142,721,000
Shares (Diluted) 12-point trend, -10.2% 131,000,000 145,000,000 145,000,000 146,000,000 137,000,000 135,000,000 141,000,000 140,000,000 140,000,000 146,893,000 145,967,000 145,800,000
EBITDA 12-point trend, -76.5% $80M $92M $126M $101M $-131M $-329M $187M $183M $124M $166M $232M $340M
Balance Sheet 29
Annual Balance Sheet data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +114.9% $978M $1.06B $1.07B $1.02B $723M $418M $319M $655M $673M $612M $614M $455M
Short-term Investments 12-point trend, -100.0% $0 $0 $0 $0 $0 $0 $0 $15M $35M $118M $47M $108M
Receivables 12-point trend, +15.8% $175M $207M $192M $205M $105M $70M $176M $205M $230M $189M $180M $151M
Prepaid Expense 12-point trend, +77.4% $41M $49M $38M $44M $26M $22M $27M $33M $25M $31M $24M $23M
Current Assets 12-point trend, +75.1% $1.29B $1.32B $1.30B $1.27B $940M $573M $533M $915M $993M $950M $865M $737M
PP&E (Net) 12-point trend, -15.7% $164M $200M $191M $194M $215M $240M $270M $253M $263M $260M $247M $195M
PP&E (Gross) 12-point trend, +346.2% $830M $767M $742M $706M $675M $626M $589M $493M $440M $371M $335M $186M
Accum. Depreciation 12-point trend, +598.3% $538M $567M $551M $512M $460M $386M $319M $240M $177M $111M $88M $77M
Goodwill 12-point trend, -1.3% $724M $814M $829M $822M $843M $862M $840M $756M $758M $736M $732M $734M
Intangibles 12-point trend, -84.6% $33M $36M $43M $51M $65M $86M $110M $118M $142M $167M $176M $214M
Other Non-current Assets 12-point trend, -7.0% $34M $43M $44M $93M $94M $104M $95M $86M $73M $67M $46M $37M
Total Assets 12-point trend, +34.8% $2.63B $2.56B $2.54B $2.57B $2.29B $1.97B $1.98B $2.17B $2.27B $2.24B $2.13B $1.95B
Accounts Payable 12-point trend, -14.2% $16M $49M $28M $39M $27M $18M $11M $15M $8M $14M $10M $19M
Accrued Liabilities 12-point trend, +75.7% $200M $249M $252M $247M $231M $160M $203M $151M $148M $127M $123M $114M
Short-term Debt 7-point trend, +352.8% $353M $5M $0 · · · · · $7M $80M $1M $78M
Current Liabilities 12-point trend, +162.0% $998M $628M $572M $533M $357M $242M $435M $393M $372M $423M $312M $381M
Capital Leases 12-point trend, -59.1% $27M $11M $6M $15M $29M $46M $64M $83M $84M $84M $84M $67M
Deferred Tax 12-point trend, -96.2% $1M $1M $1M $1M $1M $10M $8M $21M $14M $12M $15M $29M
Other Non-current Liabilities 12-point trend, -37.8% $96M $104M $197M $265M $215M $223M $238M $282M $293M $210M $189M $154M
Total Liabilities 12-point trend, +140.6% $1.98B $1.62B $1.67B $1.71B $1.50B $1.08B $823M $696M $909M $736M $716M $823M
Long-term Debt 4-point trend, +173.0% $819M $831M $839M · · · · · · · · $300M
Total Debt 10-point trend, +290.7% $1.17B $836M $839M $836M $833M $491M · · $237M $171M $201M $300M
Common Stock 5-point trend, +100000.00 $100.0K $0 $0 $0 $0 · · · · · · ·
Retained Earnings 12-point trend, -49.6% $317M $276M $271M $261M $241M $389M $681M $1.04B $926M $945M $826M $628M
Treasury Stock 12-point trend, -37.8% $90M $847M $822M $722M $722M $722M $607M $547M $447M $197M $92M $145M
AOCI 12-point trend, -35.2% $-42M $-91M $-71M $-82M $-56M $-34M $-63M $-62M $-42M $-77M $-63M $-31M
Stockholders' Equity 12-point trend, -42.7% $645M $943M $871M $861M $789M $886M $1.16B $1.47B $1.36B $1.50B $1.41B $1.12B
Liabilities + Equity 12-point trend, +34.8% $2.63B $2.56B $2.54B $2.57B $2.29B $1.97B $1.98B $2.17B $2.27B $2.24B $2.13B $1.95B
Shares Outstanding 12-point trend, -13.5% 114,472,043 153,655,038 149,775,361 146,891,538 144,656,649 140,775,221 138,698,307 137,158,010 135,617,263 134,706,467 133,836,242 132,315,465
Cash Flow 17
Annual Cash Flow data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
D&A 8-point trend, -20.7% $92M $85M $87M $97M $111M $125M $126M $116M · · · ·
Stock-based Comp 12-point trend, +71.4% $108M $120M $96M $88M $120M $109M $124M $118M $96M $85M $72M $63M
Deferred Tax 12-point trend, +88.2% $-2M $-14M $-25M $-19M $-44M $-1M $6M $-6M $29M $-20M $-37M $-17M
Amort. of Intangibles 12-point trend, -83.3% $3M $6M $9M $13M $20M $26M $33M $34M $32M $32M $36M $18M
Restructuring 5-point trend, +4200.0% $43M $21M $22M · · $41M $1M · · · · ·
Operating Cash Flow 12-point trend, -39.8% $245M $144M $235M $400M $108M $-194M $424M $405M $238M $321M $418M $407M
CapEx 12-point trend, +1.2% $82M $74M $63M $56M $54M $55M $83M $61M $64M $72M $109M $81M
Investing Cash Flow 10-point trend, +48.5% $-84M $-73M $-63M $-52M $-54M $-56M $-176M $-49M $6M $-163M · ·
Net Debt Issued 2-point trend, -650.0% · · · · · · · · · · $-300M $-40M
Stock Repurchased 10-point trend, -14.3% $90M $25M $100M $0 $0 $115M $60M $100M $250M $105M · ·
Net Stock Activity 9-point trend, +14.3% $-90M $-25M $-100M $0 · $-115M $-60M $-100M $-250M $-105M · ·
Dividends Paid · · · · · · $488M · · · · ·
Financing Cash Flow 10-point trend, -37.8% $-197M $-63M $-127M $-27M $263M $341M $-580M $-358M $-200M $-143M · ·
Net Change in Cash 12-point trend, -127.9% $-29M $-3M $46M $298M $305M $99M $-336M $-18M $61M $-2M $159M $104M
Taxes Paid 12-point trend, -46.3% $29M $170M $140M $-40M $5M $3M $47M $53M $62M $29M $43M $54M
Free Cash Flow 12-point trend, -46.7% $163M $70M $172M $344M $54M $-249M $341M $344M $174M $249M $273M $306M
Levered FCF 10-point trend, -43.8% · · $168M $331M $18M $-276M $336M $336M $177M $239M $265M $300M
Profitability 7
Annual Profitability data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 11-point trend, -84.5% 4.2% 5.0% 7.0% 6.8% -14.5% -54.5% 12.0% · 8.0% 11.2% 15.6% 27.3%
Net Margin 11-point trend, -88.3% 2.1% 0.27% 0.56% 1.3% -16.4% -47.9% 8.1% · -1.2% 8.1% 13.3% 18.1%
Pretax Margin 11-point trend, -90.8% 2.4% 4.7% 7.0% 4.5% -20.5% -61.1% 12.4% · 7.1% 10.2% 16.0% 25.8%
EBITDA Margin 11-point trend, -84.5% 4.2% 5.0% 7.0% 6.8% -14.5% -54.5% 12.0% · 8.0% 11.2% 15.6% 27.3%
ROA 12-point trend, -88.3% 1.5% 0.20% 0.39% 0.82% -7.0% -14.6% 6.1% 5.1% -0.84% 5.5% 9.7% 13.2%
ROE 12-point trend, -72.3% 6.3% 0.53% 1.2% 2.4% -18.7% -32.2% 9.0% 7.8% -1.3% 8.2% 15.6% 22.7%
ROIC 12-point trend, -76.7% 3.9% 0.30% 0.59% 1.8% -6.5% -18.7% 10.5% 8.1% -1.3% 7.9% 11.9% 16.8%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -34.0% 1.3 2.1 2.3 2.4 2.6 2.4 1.2 2.3 2.7 2.2 2.8 2.0
Quick Ratio 12-point trend, -33.5% 1.2 2.0 2.2 2.2 2.3 2.0 1.1 2.2 2.5 2.2 2.7 1.9
Debt / Equity 10-point trend, +581.3% 1.8 0.9 1.0 1.0 1.1 0.6 · · 0.2 0.1 0.1 0.3
LT Debt / Equity 10-point trend, +449.5% 1.3 0.9 1.0 1.0 1.1 0.6 · · 0.2 0.1 0.1 0.2
Interest Coverage 10-point trend, -92.4% · · 2.9 2.3 -2.9 -9.4 26.7 15.2 8.3 13.8 23.2 37.8
Efficiency 2
Annual Efficiency data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, +0.4% 0.7 0.7 0.7 0.6 0.4 0.3 0.8 · 0.7 0.7 0.7 0.7
Receivables Turnover 11-point trend, -3.7% 9.1 9.2 9.0 10.7 10.3 4.9 8.2 · 7.4 8.0 9.0 9.4
Per Share 6
Annual Per Share data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -34.8% $5.63 $7.40 $6.97 $6.72 $6.27 $7.27 $9.32 $11.76 $10.81 $11.44 $10.66 $8.65
Revenue / Share 11-point trend, +68.9% $14.44 $12.66 $12.33 $10.22 $6.58 $4.47 $11.06 · $11.08 $10.08 $10.22 $8.55
Cash Flow / Share 12-point trend, -29.5% $1.87 $0.99 $1.62 $2.74 $0.79 $-1.44 $3.01 $2.89 $1.69 $2.19 $2.62 $2.65
Cash / Share 12-point trend, +158.6% $9.04 $8.35 $8.54 $7.97 $5.75 $3.43 $2.56 $5.24 $5.34 $4.66 $4.64 $3.50
Dividend / Share 12-point trend, +0.00 $0 $0 $0 $0 $0 $0 $4 $0 $0 $0 $0 $0
EPS (TTM) 12-point trend, -80.0% $0.31 $0.04 $0.08 $0.14 $-1.08 $-2.14 $0.89 $0.81 $-0.14 $0.82 $1.36 $1.55
Growth Rates 7
Annual Growth Rates data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -93.8% 3.0% 2.6% 19.8% 65.4% 49.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -81.1% 8.2% 26.7% 43.6% · · · · · · · · ·
Revenue CAGR 5Y 25.6% · · · · · · · · · · ·
EPS YoY 3-point trend, +1674.9% 675.0% -50.0% -42.9% · · · · · · · · ·
EPS CAGR 3Y 30.3% · · · · · · · · · · ·
Net Income YoY 3-point trend, +1500.0% 700.0% -50.0% -50.0% · · · · · · · · ·
Net Income CAGR 3Y 26.0% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for TRIP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +51.8% $1.89B $1.83B $1.79B $1.49B $902M $604M $1.56B $1.61B $1.56B $1.48B $1.49B $1.25B
Net Income TTM 12-point trend, -82.3% $40M $5M $10M $20M $-148M $-289M $126M $113M $-19M $120M $198M $226M
Market Cap 12-point trend, -82.8% $1.67B $1.88B $2.69B $2.30B $3.43B $3.51B $3.78B $6.75B $4.35B $6.09B $11.29B $9.71B
Enterprise Value 10-point trend, -80.9% $1.80B $1.65B $2.46B $2.12B $3.54B $3.58B · · $3.88B $5.53B $10.83B $9.45B
P/E 12-point trend, -2.5% 47.0 369.2 269.1 128.4 -25.2 -13.4 34.1 66.6 -246.1 56.5 62.7 48.2
P/S 12-point trend, -88.7% 0.9 1.0 1.5 1.5 3.8 5.8 2.4 4.2 2.8 4.1 7.6 7.8
P/B 12-point trend, -70.1% 2.6 2.0 3.1 2.7 4.3 4.0 3.3 4.6 3.2 4.1 8.0 8.6
P / Tangible Book · 20.2 · · · · · · · · · ·
P / Cash Flow 12-point trend, -72.9% 6.8 13.1 11.4 5.8 31.8 -18.1 8.9 16.7 18.3 19.0 29.6 25.1
P / FCF 12-point trend, -67.8% 10.2 26.9 15.6 6.7 63.5 -14.1 11.1 19.6 25.0 24.5 41.4 31.7
EV / EBITDA 10-point trend, -18.9% 22.5 18.0 19.5 21.0 -27.0 -10.9 · · 31.3 33.3 46.7 27.8
EV / FCF 10-point trend, -64.2% 11.1 23.6 14.3 6.2 65.5 -14.4 · · 22.3 22.2 39.7 30.9
EV / Revenue 10-point trend, -87.4% 1.0 0.9 1.4 1.4 3.9 5.9 · · 2.5 3.7 7.3 7.6
Dividend Yield · · · · · · 12.9% · · · · ·
Earnings Yield 12-point trend, +2.4% 2.1% 0.27% 0.37% 0.78% -4.0% -7.4% 2.9% 1.5% -0.41% 1.8% 1.6% 2.1%
Payout Ratio · · · · · · 387.3% · · · · ·
Annual Payout · · · · · · $488M · · · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.89B$1.83B$1.79B$1.49B$902M
Operating Margin % 4.2%5.0%7.0%6.8%-14.5%
Net Income $40M$5M$10M$20M$-148M
Diluted EPS $0.31$0.04$0.08$0.14$-1.08
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 1.80.91.01.01.1
Current Ratio 1.32.12.32.42.6
Quick Ratio 1.22.02.22.22.3
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $163M$70M$172M$344M$54M

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Institutional owners (13F) 338 filers · $1.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
65 (-4 vs prior Q) 47 (-20 vs prior Q) 102 (-4 vs prior Q) 92 (+1 vs prior Q) +8.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
AMERIPRISE FINANCIAL INC $135,235,550 9,863,897 8.97% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $93,589,848 6,826,393 6.20% Shares
Certares Management LLC $77,264,561 4,751,818 5.12% Shares
VANGUARD CAPITAL MANAGEMENT LLC $71,646,883 5,225,885 4.75% Shares
CITADEL ADVISORS LLC $70,649,001 5,153,100 4.68% Put option
Starboard Value LP $69,879,815 5,096,996 4.63% Shares
STATE STREET CORP $68,084,491 4,966,046 4.51% Shares
DIMENSIONAL FUND ADVISORS LP $64,996,203 4,740,788 4.31% Shares
PAR CAPITAL MANAGEMENT INC $55,827,860 4,072,054 3.70% Shares
CITADEL ADVISORS LLC $49,933,191 3,642,100 3.31% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $37,724,436 2,751,600 2.50% Call option
Nuveen, LLC $37,572,303 2,740,504 2.49% Shares
GEODE CAPITAL MANAGEMENT, LLC $35,152,561 2,563,416 2.33% Shares
MONIMUS CAPITAL MANAGEMENT, LP $34,428,867 2,511,223 2.28% Shares
Rubric Capital Management LP $33,440,198 2,439,110 2.22% Shares
Technology Crossover Management IX, Ltd. $31,272,510 2,281,000 2.07% Shares
GOLDMAN SACHS GROUP INC $24,989,647 1,822,731 1.66% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $24,745,727 1,804,940 1.64% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $22,133,424 1,614,400 1.47% Put option
HBK INVESTMENTS L P $20,766,921 1,514,728 1.38% Shares
U S GLOBAL INVESTORS INC $19,111,384 1,393,974 1.27% Shares
Converium Capital Inc. $16,851,536 1,229,142 1.12% Shares
HBK INVESTMENTS L P $16,170,945 1,179,500 1.07% Put option
River Road Asset Management, LLC $13,763,442 1,003,898 0.91% Shares
JUPITER ASSET MANAGEMENT LTD $13,111,641 956,356 0.87% Shares
Nuveen Asset Management, LLC $12,383,190 838,402 0.82% Shares
Empyrean Capital Partners, LP $11,338,170 827,000 0.75% Shares
VANGUARD FIDUCIARY TRUST CO $11,001,014 802,408 0.73% Shares
JANE STREET GROUP, LLC $10,112,496 737,600 0.67% Call option
Walleye Trading LLC $10,037,091 732,100 0.67% Call option
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. $9,817,566 716,088 0.65% Shares
WITTENBERG INVESTMENT MANAGEMENT, INC. $9,426,722 687,580 0.62% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $9,094,008 663,312 0.60% Shares
DCM Advisors, LLC $8,780,432 640,440 0.58% Shares
JANE STREET GROUP, LLC $7,788,651 568,100 0.52% Put option
PRINCIPAL FINANCIAL GROUP INC $7,676,407 559,913 0.51% Shares
Callodine Capital Management, LP $7,312,215 533,349 0.48% Shares
Quantinno Capital Management LP $7,273,251 530,507 0.48% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $7,217,465 526,438 0.48% Shares
Lightrock Netherlands B.V. $7,081,064 516,489 0.47% Shares
ExodusPoint Capital Management, LP $6,993,334 510,090 0.46% Shares
Jump Financial, LLC $6,249,018 455,800 0.41% Shares
BNP PARIBAS FINANCIAL MARKETS $5,858,818 427,339 0.39% Shares
Bank of New York Mellon Corp $5,707,432 416,297 0.38% Shares
HBK INVESTMENTS L P $5,671,827 413,700 0.38% Call option
Caption Management, LLC $5,608,761 409,100 0.37% Call option
Public Sector Pension Investment Board $5,480,202 399,723 0.36% Shares
VICTORY CAPITAL MANAGEMENT INC $5,264,037 383,956 0.35% Shares
CONFLUENCE INVESTMENT MANAGEMENT LLC $5,069,053 369,734 0.34% Shares
Centiva Capital, LP $5,053,506 368,600 0.34% Put option
PRELUDE CAPITAL MANAGEMENT, LLC $4,841,522 353,138 0.32% Shares
CITADEL ADVISORS LLC $4,706,547 343,293 0.31% Shares
Gilman Hill Asset Management, LLC $4,551,597 331,991 0.30% Shares
Caption Management, LLC $4,140,955 302,039 0.27% Shares
D. E. Shaw & Co., Inc. $3,905,979 284,900 0.26% Shares
HSBC HOLDINGS PLC $3,882,588 280,028 0.26% Shares
BANK OF AMERICA CORP /DE/ $3,859,132 281,483 0.26% Shares
RHUMBLINE ADVISERS $3,715,590 271,015 0.25% Shares
AMERICAN CENTURY COMPANIES INC $3,656,032 266,669 0.24% Shares
WOLVERINE TRADING, LLC $3,624,830 212,600 0.24% Call option
MILLENNIUM MANAGEMENT LLC $3,310,965 241,500 0.22% Call option
Centiva Capital, LP $2,950,392 215,200 0.20% Call option
Summit Trail Advisors, LLC $2,937,299 214,245 0.19% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $2,905,999 211,962 0.19% Shares
D. E. Shaw & Co., Inc. $2,755,710 201,000 0.18% Call option
BARCLAYS PLC $2,746,880 200,356 0.18% Shares
Swiss National Bank $2,667,966 194,600 0.18% Shares
Susquehanna Portfolio Strategies, LLC $2,520,748 183,862 0.17% Shares
Ballast Asset Management, LP $2,490,353 181,645 0.17% Shares
Palogic Value Management, L.P. $2,470,611 180,205 0.16% Shares
Legal & General Group Plc $2,434,622 177,580 0.16% Shares
Diametric Capital, LP $2,385,416 173,991 0.16% Shares
Leonteq Securities AG $2,298,056 167,619 0.15% Shares
ARDSLEY ADVISORY PARTNERS LP $2,275,860 166,000 0.15% Shares
Point72 Asset Management, L.P. $2,233,359 162,900 0.15% Call option
FIRST TRUST ADVISORS LP $2,225,091 162,297 0.15% Shares
ROYCE & ASSOCIATES LP $2,114,151 154,205 0.14% Shares
Rangeley Capital, LLC $2,083,920 152,000 0.14% Shares
Bastion Asset Management Inc. $2,046,091 157,917 0.14% Shares
CITIGROUP INC $1,901,673 138,707 0.13% Shares
GROUP ONE TRADING LLC $1,789,278 130,509 0.12% Shares
Point72 Asset Management, L.P. $1,763,106 128,600 0.12% Put option
Villanova Investment Management Co LLC $1,694,981 123,631 0.11% Shares
PRUDENTIAL FINANCIAL INC $1,674,731 122,154 0.11% Shares
Walleye Trading LLC $1,615,038 117,800 0.11% Put option
ALLIANCEBERNSTEIN L.P. $1,554,495 145,825 0.10% Shares
K.J. Harrison & Partners Inc $1,523,908 111,153 0.10% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $1,512,878 141,921 0.10% Shares
Wallace Capital Management Inc. $1,488,125 108,543 0.10% Shares
IMA Advisory Services, Inc. $1,486,068 108,393 0.10% Shares
D. E. Shaw & Co., Inc. $1,394,307 101,700 0.09% Put option
Yakira Capital Management, Inc. $1,384,710 101,000 0.09% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $1,384,162 100,960 0.09% Shares
MARSHALL WACE, LLP $1,375,278 100,312 0.09% Shares
Edgestream Partners, L.P. $1,374,414 100,249 0.09% Shares
Palogic Value Management, L.P. $1,371,000 100,000 0.09% Call option
Ewing Morris & Co. Investment Partners Ltd. $1,371,000 100,000 0.09% Shares
Atom Investors LP $1,365,763 99,618 0.09% Shares
BlackRock, Inc. $1,306,357 95,285 0.09% Shares
SIMPLEX TRADING, LLC $1,300,037 94,824 0.09% Shares

Company insiders 39 insiders · 14 officers · 25 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Almir Ambeskovic CEO, TheFork Aug. 14, 2026 M 38,456 0 2 $-132,696
Matt Goldberg CEO and President Aug. 14, 2026 M 276,426 0 0 $0
Stephen Kaufer President and CEO Feb. 18, 2022 M 799,215 0 0 $0
Barrie Seidenberg CEO, Viator, Inc. March 9, 2017 M 0 0 0 $0
Michael Noonan CFO & SVP Aug. 14, 2026 M 147,217 0 0 $0
Ernst Teunissen Chief Financial Officer Nov. 15, 2022 M 36,183 0 0 $0
Julie Mb Bradley SVP, CFO, Treasurer Oct. 2, 2015 M 31,768 0 0 $0
Dermot Halpin President, Rentals&Experiences Feb. 15, 2020 M 18,039 0 0 $0
Kristen Ann Dalton Chief Strategy & Ops Officer Aug. 14, 2026 M 125,080 0 1 $-118,620
Christiaan-Pepijn Rijvers Chief Business Officer July 31, 2026 M 12,860 0 0 $0
Seth J Kalvert Chief Legal Officer & Sec. Aug. 15, 2025 M 147,794 0 0 $0
Kanika Soni Chief Commercial Officer Feb. 15, 2023 M 117,263 0 0 $0
Lindsay Nelson Chief Experience&Brand Officer Feb. 15, 2022 M 49,120 0 0 $0
Noel Bertram Watson Chief Accounting Officer June 15, 2019 M 1,649 0 0 $0
Laura Bisesto Director June 29, 2026 A 17,818 0 0 $0
Alex Dichter Director June 29, 2026 A 27,647 0 0 $0
Carl Sparks Director June 29, 2026 A 17,818 0 0 $0
Cates Andrew F. Director June 29, 2026 A 33,704 0 0 $0
Dhiren R. Fonseca Director June 29, 2026 A 39,430 0 0 $0
Jeremy Philips Director June 18, 2025 A 92,654 0 0 $0
Betsy L. Morgan Director June 18, 2025 A 82,042 0 0 $0
Katryn Blake Director June 18, 2025 A 82,042 0 0 $0
OHara Michael Gregory Director June 18, 2025 A 74,552 0 0 $0
Robert S Wiesenthal Director June 18, 2025 A 92,654 0 0 $0
Albert E Rosenthaler Director June 18, 2025 A 111,848 0 0 $0
Gregory B Maffei Director June 18, 2025 A 153,140 0 0 $0
Liberty TripAdvisor Holdings, Inc. Director April 29, 2025 J 0 0 0 $0
Jie Sun Director June 11, 2024 A 55,764 0 0 $0
Jay C Hoag Director June 11, 2024 A 68,674 0 0 $0
Spencer M Rascoff Director Dec. 4, 2019 A 27,219 0 0 $0
Dipchand Nishar Director June 21, 2019 D 15,059 0 0 $0
Cassidy Sukhinder Singh Director June 22, 2017 A 6,994 0 0 $0
Christopher W Shean Director Dec. 15, 2014 A 7,297 0 0 $0
Jon Miller Director Dec. 15, 2014 A 12,940 0 0 $0
BARRY DILLER Director Feb. 28, 2013 M 55,928 0 0 $0
Dara Khosrowshahi Director Dec. 21, 2012 M 233,007 0 0 $0
Victor Kaufman Director Dec. 21, 2012 M 5,406 0 0 $0
Qurate Retail, Inc. 10% owner Aug. 27, 2014 J 0 0 0 $0
Geoffrey Gouvalaris Aug. 14, 2026 M 108,518 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Starboard Value LP, STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE & OPPORTUNITY S LLC, Starboard Value & Opportunity Master Fund L LP, Starboard Value L LP, Starboard Value R GP LLC, Starboard X Master Fund Ltd, Starboard Value GP LLC, Starboard Principal Co LP, Starboard Principal Co GP LLC, Smith Jeffrey C, Feld Peter A ×5 filings April 3, 2026 4.40% Amendment SEC
Liberty TripAdvisor Holdings, Inc. ×9 filings April 29, 2025 0.00% Amendment M&A / sale SEC
Liberty TripAdvisor Holdings, Inc. (1) March 24, 2021 Initial filing SEC
Liberty Interactive Corporation ×5 filings Aug. 29, 2014 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 71 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RNIN · EA Series Trust 1.33% 182,832 NS April 30, 2026 N-PORT
EBIZ · Global X Funds 0.87% 22,719 NS April 30, 2026 N-PORT
HAPS · Harbor ETF Trust 0.47% 66,332 NS April 30, 2026 N-PORT
MILN · Global X Funds 0.29% 24,917 NS May 31, 2026 N-PORT
CALF · Pacer Funds Trust 0.22% 689,577 NS April 30, 2026 N-PORT
SMDX · Tidal Trust III 0.18% 20,672 NS April 30, 2026 N-PORT
FYT · First Trust Exchange-Traded AlphaDE… 0.12% 19,986 NS April 30, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.12% 129,904 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.10% 251,547 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.09% 583,518 NS April 30, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.07% 64,059 NS May 31, 2026 N-PORT
FCOM · FIDELITY COVINGTON TRUST 0.07% 105,495 NS April 30, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.07% 43,446 NS April 30, 2026 N-PORT
EBIT · Harbor ETF Trust 0.07% 672 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.06% 467,422 NS May 31, 2026 N-PORT
SAA · ProShares Trust 0.06% 1,368 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.06% 681,534 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.04% 49,586 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.03% 5,386 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.03% 375,551 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.03% 555,722 NS May 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.02% 3,109 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.02% 4,213 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.02% 5,683 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.01% 4,260 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.01% 22,330 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 4,600 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.01% 10,717 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.01% 107 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 216,411 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 11,990 NS April 30, 2026 N-PORT
FNDB · SCHWAB STRATEGIC TRUST 0.00% 4,847 NS May 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 28,377 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 39,709 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 68,974 NS May 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 21,339 NS April 30, 2026 N-PORT
EBI · RBB Fund Trust 0.00% 6 NS May 31, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III -0.03% -70,067 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VB · VANGUARD INDEX FUNDS July 15, 2026 Daily
VBR · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… July 15, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS July 15, 2026 Daily
VIOG · VANGUARD ADMIRAL FUNDS July 30, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
IJR · iShares Trust Aug. 5, 2026 Daily