| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.69B | $12.84B | $11.67B | $8.60B | $5.20B | $12.07B | $11.22B | $10.06B |
| Cost of Revenue | $1.44B | $1.57B | $1.66B | $1.52B | $1.68B | $2.07B | $1.97B | $1.76B |
| Gross Profit | $12.25B | $11.27B | $10.01B | $7.08B | $3.52B | $10.00B | $9.26B | $8.30B |
| Gross Margin | 89.46% | 87.75% | 85.80% | 82.30% | 67.69% | 82.88% | 82.49% | 82.54% |
| Operating Expenses | $10.93B | $10.23B | $8.93B | $6.89B | $5.05B | $9.10B | $8.54B | $7.68B |
| Operating Income | $1.32B | $1.03B | $1.08B | $186.00M | $-1.53B | $903.00M | $714.00M | $625.14M |
| Operating Margin | 9.63% | 8.05% | 9.30% | 2.16% | -29.37% | 7.48% | 6.36% | 6.21% |
| Net Income | $1.23B | $797.00M | $352.00M | $12.00M | $-2.61B | $565.00M | $406.00M | $377.96M |
| Net Margin | 9.01% | 6.21% | 3.02% | 0.14% | -50.24% | 4.68% | 3.62% | 3.76% |
| EPS (Basic) | $9.39 | $5.50 | $2.25 | $-1.80 | $-19.00 | $3.84 | $2.71 | $2.49 |
| EBITDA | $2.63B | $2.07B | $1.61B | $1.13B | $-1.90B | $1.86B | $1.63B | $1.49B |
| Stock Option Compensation Expense | $458.00M | $413.00M | $374.00M | $418.00M | $205.00M | $241.00M | $203.00M | $149.35M |
| Price To Earnings Ratio | 19.85 | 27.61 | 38.99 | 2254.99 | -7.17 | 28.17 | 41.61 | 48.05 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $24.49B | $22.00B | $13.72B | $27.06B | $18.72B | $15.92B | $16.89B | $18.16B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $22.39B | $21.64B | $21.56B | $21.55B | $18.69B | $21.42B | $18.03B | $18.52B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $19.59B | $18.86B | $17.83B | $18.00B | $14.66B | $15.88B | $12.35B | $12.36B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $1.56B | $1.53B | $2.28B | $2.06B | $2.53B | $3.97B | $4.10B | $4.52B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.56B | $1.53B | $2.28B | $2.06B | $2.53B | $3.97B | $4.10B | $4.52B |
| Total Liabilities & Stockholders Equity | $22.39B | $21.64B | $21.56B | $21.55B | $18.69B | $21.42B | $18.03B | $18.52B |
| Book Value Per Share | $21.30 | $19.22 | $23.79 | $23.72 | $28.47 | $37.61 | $37.88 | $40.57 |
| Tangible Book Value Per Share | $-36.99 | $-35.08 | $-29.51 | $-33.47 | $-34.43 | $-29.86 | $-29.55 | $-28.93 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 5.51% | 3.68% | 1.63% | 0.06% | -13.98% | 2.64% | 2.25% | 2.04% |
| Return on Equity | 79.25% | 51.96% | 15.42% | 0.58% | -103.16% | 14.24% | 9.89% | 8.36% |
| Return on Invested Capital | 10.66% | 7.08% | 6.42% | -0.57% | -9.95% | 5.82% | 5.88% | 4.26% |
| Quick Ratio | 0.72 | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 |
| Current Ratio | 0.72 | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $1.23B | $797.00M | $352.00M | $12.00M | $-2.61B | $565.00M | $406.00M | $377.96M |
| Depreciation | $838.00M | $807.00M | $792.00M | $814.00M | $893.00M | $910.00M | $959.00M | $889.54M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $3.08B | $2.69B | $3.44B | $3.75B | $-3.83B | $2.77B | $1.98B | $1.80B |
| Capital Expenditures | $756.00M | $846.00M | $662.00M | $673.00M | $797.00M | $1.16B | $878.00M | $710.33M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $0.00 | $0.00 | $0.00 | $67.00M | $123.00M | $195.00M | $186.00M | $175.78M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $1.84B | $2.14B | $607.00M | $165.00M | $425.00M | $743.00M | $923.00M | $312.00M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $2.33B | $1.84B | $2.78B | $3.08B | $-4.63B | $1.61B | $1.10B | $1.09B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Expedia Group, Inc. operates as a leading online travel company, serving customers both within the United States and across international markets. The enterprise structures its extensive operations into three primary divisions: Retail, Business-to-Business (B2B), and Trivago. Its comprehensive brand portfolio caters to diverse travel needs. Key retail brands include Brand Expedia, a full-service online travel platform offering localized websites; Hotels.com, specializing in the marketing and distribution of lodging accommodations; and Vrbo, an online marketplace dedicated to alternative accommodation options. Other prominent travel booking websites under its umbrella are Orbitz, Travelocity, and CheapTickets. For the EMEA region, ebookers functions as an online travel agent, presenting travelers with a broad spectrum of choices, while Hotwire provides various travel booking services. Complementing these are CarRentals.com, an online car rental booking service; Classic Vacations, a specialist in luxury travel experiences; and Expedia Cruise, which guides travelers in booking cruises. In the B2B sphere, Expedia Partner Solutions offers travel and non-travel vertical services to a wide array of clients, including corporate travel management firms, airlines, travel agents, online retailers, and financial institutions. Egencia, another key brand, focuses specifically on delivering corporate travel management services. Further extending its reach, the portfolio also features Trivago, a hotel metasearch website that refers users to online travel companies and service providers, alongside Expedia Group Media Solutions. The company also provides online travel services through several regional brands like Wotif.com, lastminute.com.au, travel.com.au, Wotif.co.nz, and lastminute.co.nz. Beyond brand-specific offerings, Expedia Group, Inc. delivers loyalty programs, a wide array of hotel and alternative accommodation choices, and advertising and media services. Serving both individual leisure travelers and corporate clients, the company was initially founded as Expedia, Inc. in 1996. It subsequently rebranded to Expedia Group, Inc. in March 2018, and its headquarters are located in Seattle, Washington.
Why it moved over time
Expedia Group (EXPE) beat Q2 revenue and earnings estimates and raised full-year guidance, driven by B2B momentum and margin expansion, signaling a stronger profitability outlook.
Key fact: Raised full-year guidance for gross bookings, revenue and adjusted EBITDA margin expansion.
marketbeat.com: Expedia Group Q2 Earnings Call HighlightsExpedia Group (EXPE) reported Q2 beats and raised its full-year revenue outlook, signaling stronger profit and top-line momentum that affects earnings and valuation expectations.
Key fact: Raised annual revenue guidance to $16.05–$16.22 billion.
wsj.com: Expedia Raises Revenue View on Higher Profit, RevenueExpedia beat Q2 expectations, reported stronger revenue and adjusted EBITDA, and raised full-year revenue and margin guidance, signaling firmer travel demand and improving profitability.
Key fact: Q2 revenue grew 14% YoY; adjusted EBITDA reached about $1.1 billion and Expedia raised 2026 revenue guidance to $16.05–$16.22 billion.
gurufocus.com: Expedia Group Inc (EXPE) (Q2 2026) Earnings Call Highlights: Record Growth and Strategic ExpansionInvestors are focused on Expedia's imminent Q2 earnings, with expectations of earnings growth and scrutiny of B2B momentum, lodging demand and AI initiatives that could affect guidance.
Key fact: Wall Street expects Q2 earnings growth and the report will be judged on B2B growth, lodging demand and AI initiatives' impact on guidance.
zacks.com: Expedia Group to Post Q2 Earnings: What's in the Cards for the Stock?Investors are focused on Expedia's imminent Q2 earnings, which will reveal whether B2B growth, lodging demand and AI initiatives support guidance and sustained momentum.
Key fact: Wall Street expects Q2 earnings growth and investors will watch B2B performance, lodging demand and AI initiatives in the upcoming report.
zacks.com: Expedia Group to Post Q2 Earnings: What's in the Cards for the Stock?