Expedia Group
EXPE Nasdaq· Hotels, Resorts & Cruise Lines
Last close · Oct 26, 2026
$283.97
KIRA · Stoqly’s AI analyst, in plain words
- Expedia Group had $14.7B of revenue in fiscal 2025, up 7.6% on the year before. Over five years, revenue changed +23.2% a year on average.
- Its operating margin was 12.7%, up 3.1 pts: of every 100 in sales, about 13 is left after running the business.
- Expedia Group made $1.3B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 20.6% a year.
- Free cash flow was $3.1B in fiscal 2025, 21.1% of revenue.
- Expedia Group returned $2.1B to shareholders in fiscal 2025, 68% of free cash flow. The diluted share count fell 4.3%.
- Expedia Group owes $428M more than it holds in cash, about 0.2 years of operating profit.
Market cap
$34.8B
P/E
17.7x
Revenue
$14.7B
Net income
$1.3B
Free cash flow
$3.1B
Operating margin
12.7%
Expedia Group in 30 seconds · fiscal 2025
Are sales growing?
+7.6%
Yes. Sales grew 7.6% last year.
Does it make a profit?
8.8%
A little. It keeps 8.8% of every sale as profit.
Does profit turn into cash?
21.1%
Yes. 21.1% of sales ends up as free cash.
Is debt under control?
0.2x
Yes. It could repay its debt with 0.2 years of operating profit.
How healthy are the accounts?
8 / 8
Solid. It passes 8 of 8 health tests.
How is the share priced?
17.7x
One share costs 17.7 times its yearly profit per share. Typical for its sector: 17.7x.
What Expedia Group does
Expedia Group runs online travel booking sites and apps. Travelers use them to book hotels, vacation rentals, flights, rental cars, cruises and activities. At the end of 2025 it offered approximately 3.6 million lodging properties, including a large number of vacation rentals on Vrbo. Its main consumer brands are Expedia, Hotels.com and Vrbo. It reports three segments. B2C sells to travelers through its consumer brands. B2B sells its travel supply and technology to other companies, such as airlines, travel agents and banks, which offer travel to their own customers. trivago, which it majority owns, is a hotel search site that earns advertising revenue by sending visitors to booking sites. In 2025 total revenue was $14.7 billion. Merchant sales, where Expedia collects payment and is the seller of record, were 70% of revenue. Agency sales, where it earns a commission or fee from the supplier or traveler, were 22%, and advertising, media and other was 8%.
Biggest risks, in its own words
- Declines or disruptions in travel, caused by the economy, conflicts, health crises or weather.
- Strong competition from other online travel companies, travel suppliers selling directly and large online platforms.
- Its dependence on travel suppliers and on search engines and other sources of traffic.
- Losses from fraudulent bookings, a risk that AI-driven booking tools could increase.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 13, 2026
- Legal name
- EXPEDIA GROUP, INC.
- CIK
- 0001324424
Expedia Group · EXPE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.6B | $11.7B | $12.8B | $13.7B | $14.7B |
| Revenue growth | 65.4% | 35.7% | 10.1% | 6.6% | 7.6% |
| Operating margin | 2.2% | 9.3% | 8.1% | 9.6% | 12.7% |
| Net income | $12.0M | $352M | $797M | $1.2B | $1.3B |
| Net margin | 0.1% | 3.0% | 6.2% | 9.0% | 8.8% |
| Diluted EPS | −$1.80 | $2.17 | $5.31 | $8.95 | $9.81 |
| Cash | |||||
| Cash from operations | $3.7B | $3.4B | $2.7B | $3.1B | $3.9B |
| Capital expenditure | $673M | $662M | $846M | $756M | $770M |
| Free cash flow | $3.1B | $2.8B | $1.8B | $2.3B | $3.1B |
| FCF margin | 35.8% | 23.8% | 14.4% | 17.0% | 21.1% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $200M |
| Share buybacks | $165M | $607M | $2.1B | $1.8B | $1.9B |
| Share count change | 5.9% | 8.0% | −7.1% | −8.2% | −4.3% |
| Debt and strength | |||||
| Cash and short-term investments | $4.3B | $4.1B | $4.3B | $4.5B | $5.7B |
| Debt incl. finance leases | $8.5B | $6.2B | $6.3B | $6.3B | $6.2B |
| Shareholders' equity | $2.1B | $2.3B | $1.5B | $1.6B | $1.3B |
| Net debt / EBITDA | 4.1x | 1.1x | 1.1x | 0.8x | 0.2x |
| Current ratio | 0.9x | 0.8x | 0.8x | 0.7x | 0.7x |
| Interest coverage | 0.5x | 3.9x | 4.2x | 5.4x | 6.3x |
| Returns and quality | |||||
| Return on capital | 1.9% | 10.2% | 13.2% | 22.4% | 40.5% |
| Return on equity | 0.7% | 16.2% | 41.8% | 79.8% | 91.1% |
| Piotroski F-score | 5 | 6 | 7 | 7 | 8 |
| Altman Z'' | −0.4 | −0.3 | −0.4 | −0.5 | −0.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$8.5M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Expedia Group · EXPE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Expedia Group EXPE | $34.8B | 7.6% | 12.7% | 21.1% | 40.5% | 17.7x | 8 |
| Airbnb ABNB | $102.1B | 10.3% | 20.8% | — | — | 38.9x | 6 |
| Royal Caribbean Group RCL | $75.2B | 8.8% | 27.4% | 6.9% | 16.6% | 17.3x | 9 |
| Hilton Worldwide HLT | $80.6B | 7.7% | 22.4% | 16.9% | 31.1% | 51.6x | 5 |
| Norwegian Cruise Line NCLH | $7.1B | 3.7% | 15.9% | −11.9% | 9.8% | 9.4x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $283.97 a share, the company is worth $34.8B: 17.7 times its earnings of the last four quarters.
Expedia Group grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 2 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001324424). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.