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MARKETS / NASDAQ / EXPE
NASDAQ · TRANSPORTATION SERVICES · LARGE CAP

Expedia Group, Inc. EXPE

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$14.7B
▲ 7.6% YoY
$1.3B
▲ 4.9% YoY
$3.1B
▲ 33.5% YoY
In brief

What this company does

Expedia Group, Inc. makes travel products and services available both on a stand-alone and package basis, primarily through merchant, agency, and advertising business models. At the end of 2025, it had approximately 3.6 million lodging properties available, including approximately 2.4 million online bookable alternative accommodations through Vrbo and approximately 1.2 million hotels and alternative accommodations through its other brands, along with over 500 airlines, packages, rental cars, cruises, insurance, and activities and experiences. For the year ended December 31, 2025, it had total revenue of $14.7 billion, with merchant, agency, and advertising, media and other accounting for 70%, 22%, and 8% of total revenue, respectively. Its portfolio of brands is operated and organized by reportable segment; the B2C segment provides a full range of travel and advertising services to worldwide customers through consumer brands that target a variety of customer segments and geographic regions with tailored offerings. Its B2B segment fuels a wide range of travel and non-travel companies, including airlines, offline travel agents, online retailers, corporate travel management and financial institutions, who tap into its supply to augment their offerings and market Expedia Group rates and availabilities to their travelers. Its trivago segment generates advertising revenue primarily from sending referrals to online travel companies and travel service providers from its hotel metasearch websites, and trivago N.V., its majority-owned hotel metasearch company, is based in Dusseldorf, Germany. As of December 31, 2025, it had a team of approximately 16,000 employees across nearly 50 countries, with approximately one half of its people working in technology roles. The Company began operations nearly 30 years ago as one of the first online travel agencies.

Written from the business description in EXPEDIA GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 13 February 2026. Every sentence was checked against that document before publication.

Growth
USD 14.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 14.7 · Net income 1.3
5B10B-1B-2B2008201120142017202020232025
Compound annual growth
+8.1%
+23.2%
+8.2%
+11.1%
+54.3%
+5.4%
+7.8%
+60.8%
+65.2%
+42.7%
+9.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +23.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.7% · Net 8.8%
5%10%15%-50%2008201120142017202020232025
ROE
FY2025 · ROE 91.1%
50%-50%2008201120142017202020232025
Gross margin90.1%
Operating margin12.7%
Net margin8.8%
Return on assets5.6%
EBITDAUSD 2.8B

Each USD of equity produced 91 cents of profit this year.

Cash & shareholders
USD 2.1B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 3.1
2B-2B-4B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.2 · Net buybacks 1.9
0.8B1.6B-0.2BDividendsNet buybacks2008201120142017202020232025
Dividends paidUSD 200.0M
Net buybacksUSD 1.9B
Share of profit163.7%
Consecutive raises—

USD 200.0M in dividends and USD 1.9B in buybacks — 164% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 24.5B
EquityUSD 1.3B
CashUSD 5.4B
Gross debtUSD 6.2B
Net debtUSD 748.0M
Current ratio0.73×

Net debt stands at 58% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B14.713.712.811.78.65.212.111.210.18.86.75.84.84.03.43.02.72.9
Operating income $B1.91.31.01.10.2−2.70.90.70.60.50.40.50.40.40.50.50.4−2.4
EBITDA $B2.82.21.81.91.0−1.81.81.71.20.90.80.80.60.60.60.60.5−2.4
Income tax $B0.30.30.30.2−0.1−0.40.20.10.00.00.20.10.10.00.10.10.10.0
Net income $B1.31.20.80.40.0−2.60.60.40.40.30.80.40.20.30.50.40.3−2.5
Free cash flow $B3.12.31.82.83.1−4.61.61.11.10.80.61.00.51.00.60.50.50.4
EPS, diluted $9.818.955.312.17−1.80−19.003.772.652.421.825.702.991.672.003.412.932.05−8.80
Dividend / sh $1.60····0.341.321.241.161.000.840.660.560.960.560.56··
Payout %1500··−23546······1619··
ROE %91.179.841.816.20.7−95.414.09.48.76.323.020.310.512.519.415.711.2·
Shares out B0.120.010.010.010.010.010.010.010.010.010.01·······

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Expedia Group, Inc.vsBooking Holdings Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsC. H. Robinson Worldwide, Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsGXO Logistics, Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsExpeditors International of Washington Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsXpo, Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsRxo, Inc.Same industry: Transportation ServicesExpedia Group, Inc.vsBrinks Co.Same industry: Transportation Services
Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTransportation Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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