NASDAQ : EXPE
Expedia Group, Inc. — Financial statements
Consumer Discretionary · Travel Services · United States
Last price 282.73 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 33.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Expedia Group, Inc. (EXPE) reported revenue of 15.70B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 15.70B | 14.73B | 13.69B | 12.84B | 11.67B | 8.60B |
| Cost of Revenue | 1.50B | 1.46B | 1.44B | 1.57B | 1.66B | 1.52B |
| Gross Profit | 14.20B | 13.28B | 12.25B | 11.27B | 10.01B | 7.08B |
| Selling, General & Admin | 9.28B | 8.95B | 8.43B | 7.63B | 6.85B | 4.93B |
| Research & Development | 1.28B | 1.28B | 1.31B | 1.36B | 1.18B | 1.07B |
| Operating Expenses | 11.46B | 11.11B | 10.58B | 9.80B | 8.82B | 6.81B |
| Operating Income | 2.74B | 2.16B | 1.66B | 1.47B | 1.19B | 262.00M |
| Interest Expense | -355.00M | -299.00M | -246.00M | -245.00M | -277.00M | -351.00M |
| Interest & Investment Income | 260.00M | 255.00M | 235.00M | 207.00M | 60.00M | 9.00M |
| Currency Exchange Gain (Loss) | -200.00M | -46.00M | -66.00M | -85.00M | -40.00M | -48.00M |
| Other Non Operating Income (Expenses) | 13.00M | -19.00M | 6.00M | 67.00M | 19.00M | |
| EBT Excluding Unusual Items | 2.46B | 2.05B | 1.59B | 1.41B | 932.00M | -109.00M |
| Merger & Restructuring Charges | -106.00M | -107.00M | -80.00M | -55.00M | ||
| Impairment of Goodwill | -297.00M | -14.00M | ||||
| Gain (Loss) on Sale of Investments | 216.00M | -167.00M | 289.00M | 16.00M | -345.00M | -29.00M |
| Gain (Loss) on Sale of Assets | 3.00M | 3.00M | 5.00M | 25.00M | 6.00M | 456.00M |
| Asset Writedown | -147.00M | -129.00M | -81.00M | -6.00M | ||
| Legal Settlements | -125.00M | -185.00M | -118.00M | -8.00M | -23.00M | -1.00M |
| Other Unusual Items | -7.00M | -7.00M | 49.00M | -280.00M | ||
| Pretax Income | 2.44B | 1.59B | 1.54B | 1.02B | 538.00M | -38.00M |
| Income Tax Expense | 398.00M | 290.00M | 318.00M | 330.00M | 195.00M | -53.00M |
| Earnings From Continuing Operations | 2.04B | 1.30B | 1.22B | 688.00M | 343.00M | 15.00M |
| Minority Interest in Earnings | -3.00M | -7.00M | 10.00M | 109.00M | 9.00M | -3.00M |
| Net Income | 2.04B | 1.29B | 1.23B | 797.00M | 352.00M | 12.00M |
| Preferred Dividends & Other Adjustments | 281.00M | |||||
| Net Income to Common | 2.04B | 1.29B | 1.23B | 797.00M | 352.00M | -269.00M |
| Shares Outstanding (Basic) | 122.11M | 125.36M | 131.43M | 144.97M | 156.67M | 149.73M |
| Shares Outstanding (Diluted) | 126.68M | 131.94M | 137.92M | 150.23M | 161.75M | 149.73M |
| EPS (Basic) | 16.67 | 10.32 | 9.39 | 5.50 | 2.25 | -1.80 |
| EPS (Diluted) | 16.09 | 9.81 | 8.95 | 5.31 | 2.17 | -1.80 |
| Free Cash Flow | 4.46B | 3.11B | 2.33B | 1.84B | 2.78B | 3.08B |
| Free Cash Flow Per Share | 35.20 | 23.57 | 16.89 | 12.28 | 17.18 | 20.54 |
| Dividend Per Share | 1.76 | 1.60 | ||||
| Gross Margin | 90.43% | 90.12% | 89.46% | 87.75% | 85.80% | 82.30% |
| Operating Margin | 17.44% | 14.68% | 12.15% | 11.43% | 10.19% | 3.05% |
| Profit Margin | 12.97% | 8.78% | 9.01% | 6.21% | 3.02% | -3.13% |
| Free Cash Flow Margin | 28.40% | 21.11% | 17.01% | 14.36% | 23.81% | 35.76% |
| EBITDA | 2.89B | 2.30B | 1.83B | 1.63B | 1.38B | 488.00M |
| EBITDA Margin | 18.41% | 15.62% | 13.37% | 12.71% | 11.86% | 5.68% |
| D&A For EBITDA | 152.00M | 138.00M | 167.00M | 165.00M | 195.00M | 226.00M |
| EBIT | 2.74B | 2.16B | 1.66B | 1.47B | 1.19B | 262.00M |
| EBIT Margin | 17.44% | 14.68% | 12.15% | 11.43% | 10.19% | 3.05% |
| Effective Tax Rate | 16.33% | 18.23% | 20.62% | 32.42% | 36.24% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.68B | 5.41B | 4.18B | 4.22B | 4.10B | 4.11B |
| Short-Term Investments | 445.00M | 320.00M | 300.00M | 28.00M | 48.00M | 200.00M |
| Cash & Short-Term Investments | 7.13B | 5.73B | 4.48B | 4.25B | 4.14B | 4.31B |
| Accounts Receivable | 5.78B | 4.17B | 3.21B | 2.79B | 2.08B | 1.26B |
| Other Receivables | 50.00M | 38.00M | 39.00M | 47.00M | 40.00M | 85.00M |
| Receivables | 5.83B | 4.20B | 3.25B | 2.83B | 2.12B | 1.35B |
| Inventory | 488.00M | 313.00M | 319.00M | 365.00M | 480.00M | 591.00M |
| Prepaid Expenses | 455.00M | 386.00M | 370.00M | 343.00M | 279.00M | 233.00M |
| Restricted Cash | 2.40B | 1.56B | 1.39B | 1.44B | 1.75B | 1.69B |
| Other Current Assets | 15.00M | 3.00M | ||||
| Total Current Assets | 16.30B | 12.20B | 9.81B | 9.23B | 8.79B | 8.18B |
| Property, Plant & Equipment | 2.71B | 1.44B | 1.62B | 1.72B | 1.61B | 1.69B |
| Long-Term Investments | 1.80B | 1.39B | 1.70B | 1.24B | 1.18B | 1.45B |
| Goodwill | 7.02B | 6.87B | 6.84B | 6.85B | 7.14B | 7.17B |
| Other Intangible Assets | 878.00M | 2.12B | 1.92B | 2.02B | 2.17B | 2.29B |
| Long-Term Deferred Tax Assets | 346.00M | 432.00M | 496.00M | 586.00M | 661.00M | 766.00M |
| Total Assets | 29.06B | 24.45B | 22.39B | 21.64B | 21.56B | 21.55B |
| Accounts Payable | 2.46B | 2.19B | 2.03B | 2.04B | 1.71B | 1.33B |
| Accrued Expenses | 881.00M | 916.00M | 701.00M | 677.00M | 710.00M | 747.00M |
| Current Portion of Long-Term Debt | 1.70B | 1.04B | 735.00M | |||
| Current Portion of Leases | 61.00M | 63.00M | 66.00M | 77.00M | 77.00M | |
| Current Income Taxes Payable | 55.00M | 56.00M | 51.00M | 26.00M | 21.00M | 16.00M |
| Current Unearned Revenue | 15.60B | 10.59B | 8.68B | 7.89B | 7.31B | 5.85B |
| Other Current Liabilities | 1.35B | 1.14B | 1.04B | 1.09B | 947.00M | 688.00M |
| Total Current Liabilities | 20.35B | 16.66B | 13.61B | 11.78B | 10.78B | 9.45B |
| Long-Term Debt | 5.46B | 4.47B | 5.22B | 6.25B | 6.24B | 7.71B |
| Long-Term Leases | 226.00M | 254.00M | 265.00M | 314.00M | 312.00M | 360.00M |
| Long-Term Deferred Tax Liabilities | 19.00M | 20.00M | 19.00M | 33.00M | 52.00M | 58.00M |
| Other Long-Term Liabilities | 527.00M | 505.00M | 471.00M | 473.00M | 451.00M | 413.00M |
| Total Liabilities | 26.59B | 21.91B | 19.59B | 18.86B | 17.83B | 18.00B |
| Additional Paid-In Capital | 16.78B | 16.57B | 16.04B | 15.40B | 14.79B | 14.23B |
| Retained Earnings | 2.45B | 1.70B | 602.00M | -632.00M | -1.41B | -1.76B |
| Treasury Stock | -17.84B | -16.79B | -14.86B | -13.02B | -10.87B | -10.26B |
| Comprehensive Income & Other | -187.00M | -191.00M | -232.00M | -209.00M | -234.00M | -149.00M |
| Total Common Equity | 1.21B | 1.28B | 1.56B | 1.53B | 2.28B | 2.06B |
| Minority Interest | 1.26B | 1.26B | 1.24B | 1.25B | 1.45B | 1.50B |
| Shareholders' Equity | 2.47B | 2.55B | 2.80B | 2.79B | 3.73B | 3.55B |
| Total Liabilities & Equity | 29.06B | 24.45B | 22.39B | 21.64B | 21.56B | 21.55B |
| Total Debt | 5.69B | 6.49B | 6.59B | 6.63B | 6.63B | 8.89B |
| Net Cash (Debt) | 1.44B | -754.00M | -2.11B | -2.38B | -1.92B | -3.67B |
| Net Cash Per Share | 11.34 | -5.71 | -15.31 | -15.84 | -11.88 | -24.49 |
| Filing Date Shares Outstanding | 120.02M | 122.53M | 128.86M | 136.29M | 153.35M | 155.75M |
| Total Common Shares Outstanding | 120.00M | 122.50M | 128.79M | 137.05M | 153.28M | 155.65M |
| Working Capital | -4.05B | -4.46B | -3.80B | -2.55B | -1.99B | -1.27B |
| Book Value Per Share | 10.08 | 10.48 | 12.09 | 11.19 | 14.89 | 13.22 |
| Tangible Book Value | -6.69B | -7.71B | -7.20B | -7.34B | -7.03B | -7.40B |
| Tangible Book Value Per Share | -55.78 | -62.92 | -55.93 | -53.54 | -45.86 | -47.56 |
| Land | 146.00M | 146.00M | 146.00M | 146.00M | 146.00M | |
| Buildings | 1.24B | 1.23B | 1.22B | 1.18B | 1.22B | |
| Machinery | 295.00M | 285.00M | 315.00M | 455.00M | 457.00M | |
| Construction In Progress | 83.00M | 196.00M | 151.00M | 63.00M | 33.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.04B | 1.29B | 1.23B | 797.00M | 352.00M | 12.00M |
| Depreciation & Amortization | 152.00M | 138.00M | 167.00M | 165.00M | 195.00M | 226.00M |
| Other Amortization | 749.00M | 749.00M | 671.00M | 642.00M | 597.00M | 588.00M |
| Loss (Gain) From Sale of Assets | -456.00M | |||||
| Asset Writedown & Restructuring Costs | 147.00M | 426.00M | 81.00M | 20.00M | ||
| Loss (Gain) From Sale of Investments | -216.00M | 167.00M | -289.00M | -16.00M | 345.00M | 29.00M |
| Stock-Based Compensation | 412.00M | 398.00M | 458.00M | 413.00M | 374.00M | 418.00M |
| Other Operating Activities | 541.00M | -39.00M | 278.00M | -8.00M | 235.00M | 291.00M |
| Change in Accounts Receivable | -878.00M | -983.00M | -467.00M | -741.00M | -838.00M | -721.00M |
| Change in Accounts Payable | 319.00M | 155.00M | -10.00M | 332.00M | 375.00M | 777.00M |
| Change in Unearned Revenue | 1.96B | 1.86B | 794.00M | 572.00M | 1.46B | 2.64B |
| Change in Income Taxes | -23.00M | -17.00M | 46.00M | -91.00M | 11.00M | 10.00M |
| Change in Other Net Operating Assets | 166.00M | 160.00M | 56.00M | 199.00M | 249.00M | -88.00M |
| Operating Cash Flow | 5.22B | 3.88B | 3.08B | 2.69B | 3.44B | 3.75B |
| Capital Expenditures | -757.00M | -770.00M | -756.00M | -846.00M | -662.00M | -673.00M |
| Cash Acquisitions | -563.00M | |||||
| Divestitures | -60.00M | |||||
| Investment in Securities | -319.00M | 119.00M | -471.00M | 21.00M | 145.00M | -178.00M |
| Other Investing Activities | 120.00M | 120.00M | -35.00M | 25.00M | -63.00M | -20.00M |
| Investing Cash Flow | -1.52B | -531.00M | -1.26B | -800.00M | -580.00M | -931.00M |
| Long-Term Debt Issued | 985.00M | 1.96B | ||||
| Total Debt Issued | 986.00M | 985.00M | 1.96B | |||
| Long-Term Debt Repaid | -1.04B | -2.14B | -1.71B | |||
| Total Debt Repaid | -1.83B | -1.04B | -2.14B | -1.71B | ||
| Net Debt Issued (Repaid) | -842.00M | -59.00M | -2.14B | 258.00M | ||
| Issuance of Common Stock | 50.00M | 50.00M | 116.00M | 101.00M | 131.00M | 503.00M |
| Repurchase of Common Stock | -1.92B | -1.93B | -1.84B | -2.14B | -607.00M | -165.00M |
| Preferred Dividends Paid | -67.00M | |||||
| Common Dividends Paid | -214.00M | -200.00M | ||||
| Dividends Paid | -214.00M | -200.00M | -67.00M | |||
| Other Financing Activities | -91.00M | 3.00M | -22.00M | -60.00M | -7.00M | -266.00M |
| Financing Cash Flow | -3.01B | -2.14B | -1.75B | -2.10B | -2.62B | -973.00M |
| Foreign Exchange Rate Adjustments | -55.00M | 189.00M | -165.00M | 16.00M | -190.00M | -177.00M |
| Net Cash Flow | 629.00M | 1.40B | -87.00M | -190.00M | 46.00M | 1.67B |
| Free Cash Flow | 4.46B | 3.11B | 2.33B | 1.84B | 2.78B | 3.08B |
| Free Cash Flow Margin | 28.40% | 21.11% | 17.01% | 14.36% | 23.81% | 35.76% |
| Free Cash Flow Per Share | 35.20 | 23.57 | 16.89 | 12.28 | 17.18 | 20.54 |
| Levered Free Cash Flow | 3.43B | 2.93B | 1.86B | 1.82B | 2.36B | 2.24B |
| Unlevered Free Cash Flow | 3.66B | 3.12B | 2.01B | 1.98B | 2.53B | 2.46B |
| Cash Interest Paid | 225.00M | 213.00M | 231.00M | 231.00M | 291.00M | 342.00M |
| Cash Income Tax Paid | 245.00M | 218.00M | 184.00M | 281.00M | 102.00M | 74.00M |
| Change in Working Capital | 1.54B | 1.17B | 419.00M | 271.00M | 1.26B | 2.62B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 35.52B | 34.71B | 23.91B | 21.08B | 13.67B | 27.38B |
| Enterprise Value | 34.08B | 36.29B | 26.09B | 23.32B | 16.55B | 33.09B |
| Last Close Price | 285.93 | 281.69 | 183.78 | 149.71 | 86.40 | 178.25 |
| PE Ratio | 18.40 | 26.83 | 19.38 | 26.44 | 38.84 | |
| Forward PE | 12.99 | 16.26 | 13.83 | 12.65 | 9.93 | 28.74 |
| PS Ratio | 2.26 | 2.36 | 1.75 | 1.64 | 1.17 | 3.19 |
| PB Ratio | 28.38 | 13.63 | 8.54 | 7.57 | 3.67 | 7.71 |
| P/FCF Ratio | 7.97 | 11.16 | 10.27 | 11.43 | 4.92 | 8.90 |
| P/OCF Ratio | 6.81 | 8.95 | 7.75 | 7.83 | 3.98 | 7.31 |
| PEG Ratio | 0.68 | 0.79 | 0.87 | 0.39 | 0.19 | 2.61 |
| EV/Sales Ratio | 2.17 | 2.46 | 1.91 | 1.82 | 1.42 | 3.85 |
| EV/EBITDA Ratio | 11.80 | 15.77 | 14.25 | 14.29 | 11.96 | 67.80 |
| EV/EBIT Ratio | 12.46 | 16.78 | 15.68 | 15.89 | 13.92 | 126.29 |
| EV/FCF Ratio | 7.65 | 11.67 | 11.20 | 12.64 | 5.96 | 10.76 |
| Debt / Equity Ratio | 2.30 | 2.55 | 2.36 | 2.38 | 1.78 | 2.50 |
| Debt / EBITDA Ratio | 1.91 | 2.72 | 3.44 | 3.84 | 4.47 | 14.64 |
| Debt / FCF Ratio | 1.28 | 2.09 | 2.83 | 3.60 | 2.39 | 2.89 |
| Net Debt / Equity Ratio | -0.58 | 0.30 | 0.75 | 0.85 | 0.52 | 1.03 |
| Net Debt / EBITDA Ratio | -0.50 | 0.33 | 1.15 | 1.46 | 1.39 | 7.51 |
| Net Debt / FCF Ratio | -0.32 | 0.24 | 0.91 | 1.29 | 0.69 | 1.19 |
| Asset Turnover | 0.56 | 0.63 | 0.62 | 0.59 | 0.54 | 0.43 |
| Inventory Turnover | 3.10 | 4.61 | 4.22 | 3.72 | 3.09 | |
| Quick Ratio | 0.64 | 0.60 | 0.57 | 0.60 | 0.58 | 0.60 |
| Current Ratio | 0.80 | 0.73 | 0.72 | 0.78 | 0.82 | 0.87 |
| Return on Equity (ROE) | 89.49% | 48.67% | 43.83% | 21.12% | 9.42% | 0.40% |
| Return on Assets (ROA) | 6.11% | 5.77% | 4.72% | 4.24% | 3.45% | 0.81% |
| Return on Invested Capital (ROIC) | 256.54% | 43.08% | 26.22% | 17.43% | 10.57% | 2.97% |
| Return on Capital Employed (ROCE) | 31.40% | 27.70% | 19.00% | 14.90% | 11.00% | 2.20% |
| Earnings Yield | 5.44% | 3.73% | 5.16% | 3.78% | 2.57% | 0.04% |
| FCF Yield | 12.54% | 8.96% | 9.74% | 8.75% | 20.32% | 11.23% |
| Dividend Yield | 0.65% | 0.56% | ||||
| Payout Ratio | 11.44% | 15.46% | 558.33% | |||
| Buyback Yield / Dilution | 6.17% | 4.33% | 8.19% | 7.12% | -8.03% | -5.88% |
| Total Shareholder Return | 6.82% | 4.90% | 8.19% | 7.12% | -8.03% | -5.88% |