SEC filings · customer concentration · TRIP

TripAdvisor's major customers

Expedia And Booking accounted for 21% of TripAdvisor's revenue in FY 2025, about the same as 22% a year earlier.

3major customers now
41%of revenue from them
0listed suppliers depending on it
2014–2026years covered
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Major customers of TripAdvisor

Customers that TripAdvisor named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Expedia And Booking21%from 22%FY 2016: 46%FY 2017: 43%FY 2018: 37%FY 2019: 33%FY 2020: 25%FY 2021: 34%FY 2022: 31%FY 2023: 25%FY 2024: 22%FY 2025: 21%10 yearsFY 2025 · filed 13 Feb 2026
Booking HoldingsBKNG10%from 10%FY 2016: 10%FY 2017: 10%FY 2018: 10%FY 2020: 10%FY 2022: 10%FY 2024: 10%FY 2025: 10%7 yearsFY 2025 · filed 13 Feb 2026
ExpediaEXPE10%from 10%FY 2014: 10%FY 2015: 10%FY 2016: 10%FY 2017: 10%FY 2018: 10%FY 2019: 10%FY 2020: 10%FY 2021: 10%FY 2022: 10%FY 2023: 10%FY 2024: 10%FY 2025: 10%12 yearsFY 2025 · filed 13 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Expedia And Priceline43%last FY 2017FY 2014: 46%FY 2015: 46%FY 2016: 46%FY 2017: 43%4 yearsFY 2017 · filed 21 Feb 2018
Priceline10%last FY 2017FY 2014: 10%FY 2015: 10%FY 2016: 10%FY 2017: 10%4 yearsFY 2017 · filed 21 Feb 2018

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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