EXPE

MKT CAP:$30B

Expedia Group, Inc.

Market Cap

$30B

Consumer Cyclical·Travel Services·🇺🇸 United States·NASDAQ

Consumer Cyc.·Travel Services·🇺🇸·NASDAQ

Stock Price

$252.19-$30.75 (-10.87%)

Apr 24, 2026

Company Details

Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand...

CEO

Ariane Gorin

IPO Date

Jul 21, 2005

Website

www.expediagroup.com

Key Metrics TTM

Revenue

$14.3B

+17.5% YoY

Net Income

$1.6B

EPS (Diluted)

$11.64

Free Cash Flow

$311M

Revenue / Share

$111.89

Gross Margin

88.5%

Operating Margin

13.1%

Net Margin

11.0%

FCF Margin

2.2%

P/S

2.1x

P/E

18.8x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 12, 2026

$14.7BEPS $9.81

Q4 2025

Feb 12, 2026

$3.5B+11.4%EPS $1.60

Q4 2024

Feb 6, 2025

$3.2BEPS $2.20

Q3 2024

Nov 7, 2024

$4.1BEPS $5.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$1.9B	$1.5B	-$102M
Q3 16	$2.6B	$2.2B	$386M
Q3 19	$3.6B	$3.0B	$609M
Q2 22	$3.2B	$2.8B	$345M
Q1 24	$2.9B	$2.5B	-$110M
Q2 24	$3.6B	$3.2B	$451M
Q3 24	$4.1B	$3.7B	$762M
Q4 24	$3.2B	$2.8B	$216M
Q4 25	$3.5B	$3.0B	$451M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q3 16	—	—
Q3 19	—	—
Q2 22	1.4x	41.7x
Q1 24	1.4x	47.7x
Q2 24	1.2x	33.5x
Q3 24	1.4x	25.9x
Q4 24	1.8x	19.9x
Q4 25	2.5x	22.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$1.1B	$932M
Q3 16	-$182M	-$369M
Q3 19	-$861M	-$1.2B
Q2 22	$1.6B	$1.5B
Q1 24	$2.9B	$2.7B
Q2 24	$1.5B	$1.3B
Q3 24	-$1.5B	-$1.1B
Q4 24	$198M	$7M
Q4 25	$304M	$119M

Capital Expenditures

Quarter	CapEx
Q1 16	$168M
Q3 16	$187M
Q3 19	$291M
Q2 22	$159M
Q1 24	$177M
Q2 24	$194M
Q3 24	$371M
Q4 24	$191M
Q4 25	$185M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+51.7%	+49.5%
Q2 24	+37.9%	+41.6%
Q3 24	+14.1%	+11.8%
Q4 24	+0.1%	+4.7%
Q4 25	+22.8%	+3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	$54M	2.8%
Q3 16	$48M	1.9%
Q3 19	$60M	1.7%
Q2 22	$93M	2.9%
Q1 24	$104M	3.6%
Q2 24	$114M	3.2%
Q3 24	$147M	3.6%
Q4 24	$93M	2.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 16	$293M	$148M	$1.0B
Q3 16	$301M	$166M	$1.2B
Q3 19	$440M	$217M	$1.7B
Q2 22	$284M	$189M	$1.7B
Q1 24	$341M	$186M	$1.8B
Q2 24	$331M	$180M	$2.0B
Q3 24	$320M	$229M	$2.1B
Q4 24	$322M	$210M	$1.7B
Q4 25	$322M	$202M	$1.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$5.6B	$0	$5.6B
Q2 22	$5.6B	$26M	$5.6B
Q3 22	$4.6B	$49M	$4.6B
Q4 22	$4.1B	$48M	$4.1B
Q1 23	$5.9B	$44M	$5.9B
Q2 23	$6.3B	$27M	$6.3B
Q3 23	$5.1B	$0	$5.1B
Q4 23	$4.2B	$28M	$4.3B
Q1 24	$5.7B	$26M	$5.7B
Q2 24	$6.2B	$31M	$6.3B
Q3 24	$4.7B	$196M	$4.9B
Q4 24	$4.2B	$300M	$4.5B
Q1 25	$5.7B	$411M	$6.1B
Q2 25	$6.3B	$367M	$6.7B
Q3 25	$7.3B	$344M	$7.6B
Q4 25	$7.0B	$320M	$7.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	151M	—	—
Q3 16	154M	+2.1%	—
Q3 19	151M	-2.3%	—
Q2 22	157M	+4.4%	—
Q1 24	136M	-13.9%	-10.3%
Q2 24	138M	+1.7%	-10.6%
Q3 24	136M	-1.5%	-9.9%
Q4 24	138M	+1.6%	-12.3%
Q4 25	128M	-7.0%	-5.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$101.7K	19K
Q3 16	$137.8K	19K
Q3 19	$145.2K	25K
Q2 22	$214.9K	15K
Q1 24	$168.9K	17K
Q2 24	$208.1K	17K
Q3 24	$237.4K	17K
Q4 24	$193.0K	17K
Q4 25	$221.7K	16K

Revenue / Employee