Expedia Group Inc. (EXPE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$5.25	$5.76	+9.7%	—	$4.3B	—
Q1 26	$1.38	$1.96	+42.0%	—	$3.4B	—
Q4 25	$3.37	$3.78	+12.2%	—	$3.5B	—
Q3 25	$6.95	$7.57	+8.9%	—	$4.4B	—
Q2 25	$4.13	$4.24	+2.7%	—	$3.8B	—
Q1 25	$0.36	$0.4	+11.1%	—	$3B	—
Q4 24	$2.1	$2.39	+13.8%	—	$3.2B	—
Q3 24	$6.12	$6.13	+0.2%	—	$4.1B	—
Q2 24	$3.16	$3.51	+11.1%	—	$3.6B	—
Q1 24	-$0.17	$0.21	+223.5%	—	$2.9B	—
Q4 23	$1.7	$1.72	+1.2%	—	$2.9B	—
Q3 23	$4.93	$5.41	+9.7%	—	$3.9B	—
Q2 23	$2.36	$2.89	+22.5%	—	$3.4B	—
Q1 23	-$0.04	-$0.2	-400.0%	—	$2.7B	—
Q4 22	$1.67	$1.26	-24.6%	—	$2.6B	—
Q3 22	$4.12	$4.05	-1.7%	—	$3.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.3	—	—	$14.7B	—
FY24	—	$9.39	—	—	$13.7B	—
FY23	—	$5.5	—	—	$12.8B	—
FY22	—	$2.24	—	—	$11.7B	—
FY21	—	-$1.8	—	—	$8.6B	—
FY20	—	-$19	—	—	$5.2B	—
FY19	—	$3.84	—	—	$12.1B	—
FY18	—	$2.71	—	—	$11.2B	—
FY17	—	$2.49	—	—	$10.1B	—
FY16	—	$1.87	—	—	$8.8B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.8B	$10.1B	$11.2B	$12.1B	$5.2B	$8.6B	$11.7B	$12.8B	$13.7B	$14.7B
YoY change	+31.5%	+14.7%	+11.6%	+7.52%	-56.9%	+65.4%	+35.7%	+10%	+6.64%	+7.61%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.9B	$2.9B	$2.9B	$3.6B	$4.1B	$3.2B	$3B	$3.8B	$4.4B	$3.5B	$3.4B	$4.3B
YoY change	+8.57%	+10.3%	+8.41%	+5.96%	+3.33%	+10.3%	+3.43%	+6.41%	+8.67%	+11.4%	+14.7%	+14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.8B	10.1B	11.2B	12.1B	5.2B	8.6B	11.7B	12.8B	13.7B	14.7B
Cost of revenue	1.6B	1.8B	1.9B	2.1B	1.6B	1.5B	1.7B	1.6B	1.4B	1.5B
Gross profit	7.2B	8.3B	9.4B	10B	3.5B	7.1B	10B	11.3B	12.2B	13.3B
Gross margin	81.8%	82.5%	83.4%	82.9%	68.3%	82.3%	85.8%	87.7%	89.5%	90.1%
Research & development	1.2B	1.4B	1.1B	1.3B	1.1B	1.1B	1.2B	1.4B	1.3B	1.3B
Selling, general & administrative	5B	6B	6.5B	6.9B	3.1B	4.9B	6.8B	7.6B	8.4B	8.9B
Operating expenses	6.3B	7.4B	7.6B	8.1B	4.2B	6B	8B	9B	9.7B	10.2B
Operating income	580M	667M	783M	961M	-1.5B	262M	1.2B	1.5B	1.7B	2.2B
Operating margin	6.61%	6.63%	6.98%	7.96%	-29.4%	3.05%	10.2%	11.4%	12.2%	14.7%
Non-operating income, net	-150M	-102M	-179M	-72M	-1.3B	42M	-434M	-411M	-117M	-528M
Pretax income	277M	417M	485M	775M	-3.2B	-38M	538M	1B	1.5B	1.6B
Income tax	16M	45M	87M	203M	-423M	-53M	195M	330M	318M	290M
Net income	261M	372M	398M	572M	-2.7B	15M	343M	688M	1.2B	1.3B
Net margin	2.97%	3.7%	3.55%	4.74%	-52.5%	0.17%	2.94%	5.36%	8.94%	8.83%
EBITDA	1.4B	1.6B	1.9B	1.9B	-622M	1.1B	2B	2.5B	2.7B	3.3B
EPS	1.87	2.49	2.71	3.84	-19	-1.8	2.24	5.5	9.39	10.3
Diluted EPS	1.82	2.42	2.65	3.77	-19	-1.8	2.17	5.31	8.95	9.81

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.9B	2.9B	2.9B	3.6B	4.1B	3.2B	3B	3.8B	4.4B	3.5B	3.4B	4.3B
Cost of revenue	412M	340M	358M	362M	388M	335M	357M	377M	376M	346M	377M	403M
Gross profit	3.5B	2.5B	2.5B	3.2B	3.7B	2.8B	2.6B	3.4B	4B	3.2B	3B	3.9B
Gross margin	89.5%	88.2%	87.6%	89.8%	90.4%	89.5%	88.1%	90%	91.5%	90.2%	89%	90.7%
Research & development	340M	357M	341M	331M	320M	322M	320M	325M	310M	322M	324M	325M
Selling, general & administrative	2B	1.8B	2B	2.2B	2.3B	2B	2.1B	2.3B	2.4B	2.1B	2.3B	2.5B
Operating expenses	2.4B	2.1B	2.4B	2.5B	2.6B	2.3B	2.5B	2.7B	2.7B	2.4B	2.6B	2.9B
Operating income	919M	220M	-42M	496M	860M	356M	-44M	531M	1.1B	548M	243M	819M
Operating margin	23.4%	7.62%	-1.45%	13.9%	21.2%	11.2%	-1.47%	14%	25.6%	15.4%	7.09%	19%
Non-operating income, net	-469M	-33M	-102M	-14M	8M	-9M	-169M	—	—	—	—	196M
Pretax income	444M	171M	-155M	488M	874M	335M	-217M	423M	1.1B	254M	25M	1B
Income tax	139M	35M	-19M	113M	190M	34M	-20M	101M	167M	42M	37M	152M
Net income	305M	136M	-136M	375M	684M	301M	-197M	322M	964M	212M	-12M	875M
Net margin	7.76%	4.71%	-4.71%	10.5%	16.8%	9.45%	-6.59%	8.51%	21.8%	5.98%	-0.35%	20.3%
EBITDA	1.2B	472M	221M	768M	1.1B	618M	227M	824M	1.4B	815M	523M	1.1B
EPS	2.98	0.96	-0.99	2.92	5.28	2.32	-1.56	2.61	7.76	1.67	-0.05	7.3
Diluted EPS	2.87	0.92	-0.99	2.8	5.04	2.2	-1.56	2.48	7.33	1.6	-0.05	7.16

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.9B	3.3B	2.5B	3.8B	3.4B	4.3B	4.1B	4.3B	4.5B	5.7B
Receivables	1.3B	1.9B	2.2B	2.5B	701M	1.3B	2.1B	2.8B	3.2B	4.2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	3.5B	5.5B	5.2B	7.7B	5.6B	8.2B	8.8B	9.2B	9.8B	12.2B
Property, plant & equipment	1.2B	1.3B	1.4B	2.1B	1.6B	1.4B	1.4B	1.5B	1.5B	1.5B
Goodwill & intangibles	20.8B	21.1B	20.2B	19.9B	17.8B	17.1B	16.7B	15.7B	15.3B	15.4B
Total assets	15.8B	18.5B	18B	21.4B	18.7B	21.5B	21.6B	21.6B	22.4B	24.5B
Accounts payable	2.1B	2.5B	2.5B	2.8B	1.1B	2B	2.7B	3.1B	3.1B	3.3B
Short-term debt	—	500M	—	749M	—	735M	—	—	1B	1.7B
Total current liabilities	6.1B	7.9B	8.1B	10.7B	5.4B	9.4B	10.8B	11.8B	13.6B	16.7B
Long-term debt	3.2B	3.7B	3.7B	4.7B	8.7B	8.1B	6.6B	6.6B	5.5B	4.7B
Total liabilities	10.1B	12.4B	12.4B	15.9B	14.7B	18B	17.8B	18.9B	19.6B	21.9B
Shareholders' equity	5.7B	6.2B	5.7B	5.5B	4B	3.6B	3.7B	2.8B	2.8B	2.5B
Total debt	3.2B	4.2B	3.7B	5.5B	8.7B	8.8B	6.6B	6.6B	6.5B	6.4B
Net debt	1.4B	1.4B	1.3B	2.2B	5.4B	4.7B	2.5B	2.3B	2.3B	1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	6.2B	5.7B	5.8B	7.1B
Receivables	—	—	—	—	—	—	—	—	4.5B	4.2B	5.1B	5.8B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	12.8B	12.2B	14.2B	16.3B
Property, plant & equipment	—	—	—	—	—	—	—	—	2.8B	1.5B	2.7B	2.7B
Goodwill & intangibles	—	—	—	—	—	—	—	—	15.3B	15.4B	15.8B	15.8B
Total assets	—	—	—	—	—	—	—	—	25.1B	24.5B	26.5B	29.1B
Accounts payable	—	—	—	—	—	—	—	—	3.2B	3.3B	3.3B	3.8B
Short-term debt	—	—	—	—	—	—	—	—	1.7B	1.7B	—	—
Total current liabilities	—	—	—	—	—	—	—	—	17.3B	16.7B	19.4B	20.4B
Long-term debt	—	—	—	—	—	—	—	—	4.7B	4.7B	4.7B	5.7B
Total liabilities	—	7.1B	—	—	—	—	—	—	22.5B	21.9B	24.6B	26.6B
Shareholders' equity	—	—	—	—	—	—	—	—	2.6B	2.5B	1.8B	2.5B
Total debt	—	—	—	—	—	—	—	—	6.5B	6.4B	4.7B	5.7B
Net debt	—	—	—	—	—	—	—	—	652M	1B	-834M	-997M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	261M	372M	398M	572M	-2.7B	15M	343M	688M	1.2B	1.3B
Depreciation & amortization	829M	889M	1B	910M	893M	814M	792M	807M	838M	887M
Stock-based compensation	242M	149M	203M	241M	205M	418M	374M	413M	458M	398M
Change in working capital	199M	710M	411M	1.4B	-2.7B	2.8B	1.2B	173M	352M	1.2B
Operating cash flow	1.5B	2B	1.7B	3B	-4.7B	4B	2.8B	2.2B	3B	3.9B
Capital expenditure	—	—	—	—	—	—	—	—	—	-770M
Investing cash flow	31M	-871M	319M	-393M	534M	-258M	82M	46M	-506M	-531M
Dividends paid	-150M	-176M	-186M	-195M	-123M	-67M	0	0	—	-200M
Share repurchases	-456M	-312M	-923M	-743M	-425M	-1.4B	-607M	-2.1B	-1.8B	-1.9B
Financing cash flow	-832M	459M	-1.7B	-126M	1.1B	-1.5B	-2.8B	-2.2B	-1.9B	-2.2B
Net change in cash	712M	1.6B	391M	2.5B	-3.1B	2.2B	135M	72M	658M	1.2B
Free cash flow	800M	1.1B	1.1B	1.6B	-4.6B	3.1B	2.8B	1.8B	2.3B	3.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	305M	136M	-136M	375M	684M	301M	-197M	322M	964M	212M	-12M	875M
Depreciation & amortization	208M	208M	210M	205M	211M	212M	219M	223M	225M	220M	228M	228M
Stock-based compensation	105M	99M	104M	114M	147M	93M	98M	105M	90M	105M	103M	114M
Change in working capital	-2.8B	-712M	2.8B	739M	-2.6B	-614M	3B	557M	-2B	-397M	3.5B	400M
Operating cash flow	-2.1B	-283M	3B	1.5B	-1.5B	10M	3.1B	1.1B	-497M	304M	3.9B	1.5B
Capital expenditure	—	—	—	—	—	—	—	-200M	-189M	-185M	-184M	-199M
Investing cash flow	-34M	-28M	-63M	-15M	-258M	-170M	-188M	164M	-112M	-199M	-440M	-647M
Dividends paid	—	—	—	—	—	—	-51M	-51M	-49M	-49M	-58M	-58M
Share repurchases	-607M	-468M	-643M	-529M	-469M	-198M	-384M	-688M	-531M	-327M	-788M	-270M
Financing cash flow	-594M	-545M	-663M	-534M	-470M	-194M	-494M	-739M	-592M	-389M	-2.7B	593M
Net change in cash	-2.7B	-856M	2.2B	989M	-2.2B	-354M	2.4B	546M	-1.2B	-284M	816M	1.4B
Free cash flow	-1.6B	-415M	2.7B	1.3B	-1.7B	7M	2.8B	921M	-686M	119M	3.7B	1.3B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	18.2B	16.9B	15.9B	18.7B	27.1B	13.7B	22B	24.5B	35.5B	31.7B
Enterprise value	—	19.1B	18.1B	17.5B	24.1B	31.6B	16.1B	24.3B	26.5B	36.2B	31.5B
Shares outstanding	150.4M	151.6M	150M	147.2M	141.4M	149.7M	156.7M	145M	131.4M	125.4M	125.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	48.8	42.4	27.8	—	1.8K	40	32	20	27.3	16.6
P/S	—	1.81	1.51	1.32	3.6	3.15	1.18	1.71	1.79	2.41	2.02
P/B	—	2.95	2.97	2.88	4.65	7.62	3.68	7.9	8.75	13.9	26.2
EV/EBITDA	—	12	9.79	9.04	-38.7	28.6	7.9	9.54	9.67	11	10.9
EV/Sales	—	1.9	1.62	1.45	4.63	3.67	1.38	1.89	1.94	2.46	2.01
Earnings yield	—	2.05%	2.36%	3.59%	—	0.06%	2.5%	3.13%	5%	3.66%	6.02%
FCF yield	—	6.25%	6.49%	10.1%	-24.7%	11.4%	20.2%	8.38%	9.51%	8.76%	10.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	81.8%	82.5%	83.4%	82.9%	68.3%	82.3%	85.8%	87.7%	89.5%	90.1%	90.7%
Operating margin	6.61%	6.63%	6.98%	7.96%	-29.4%	3.05%	10.2%	11.4%	12.2%	14.7%	19%
Net margin	2.97%	3.7%	3.55%	4.74%	-52.5%	0.17%	2.94%	5.36%	8.94%	8.83%	13%
ROE	4.58%	6.05%	7.01%	10.3%	-67.8%	0.42%	9.2%	24.7%	43.7%	51.1%	89.5%
ROA	1.65%	2.01%	2.21%	2.67%	-14.6%	0.07%	1.59%	3.18%	5.47%	5.32%	6.11%
ROIC	7.83%	8.4%	9.28%	9.9%	-16.3%	3.25%	12.4%	19.4%	27.3%	54.8%	222.6%
Return on tangible assets	-5.22%	-14.5%	-18.2%	36.8%	-303.1%	0.34%	7.06%	11.7%	17.3%	14.3%	15.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.56	0.7	0.64	0.72	1.04	0.87	0.82	0.78	0.72	0.73	0.8
Quick ratio	0.56	0.7	0.64	0.72	1.04	0.87	0.82	0.78	0.72	0.73	0.8
Debt / equity	0.55	0.69	0.65	0.99	2.17	2.48	1.76	2.36	2.33	2.52	2.3
Debt / assets	0.2	0.23	0.21	0.26	0.47	0.41	0.3	0.3	0.29	0.26	0.2
Net debt / EBITDA	0.91	0.59	0.67	0.84	-8.59	4.08	1.18	0.91	0.75	0.21	-0.37
Interest coverage	2.6	3.29	3.55	5.48	-7.75	0.89	2.94	5.16	7.27	6.32	7.86
Effective tax rate	5.78%	10.8%	17.9%	26.2%	0%	0%	36.2%	32.4%	20.6%	18.2%	16.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	58.4	66.4	74.8	82	36.8	57.4	74.5	88.6	104.2	117.5	128.6
EPS (basic)	1.87	2.49	2.71	3.84	-19	-1.8	2.24	5.5	9.39	10.3	10.3
EPS (diluted)	1.82	2.42	2.65	3.77	-19	-1.8	2.17	5.31	8.95	9.81	15.9
Book value per share	37.9	40.6	37.9	37.6	28.5	23.7	23.8	19.2	21.3	20.3	10.1
FCF per share	5.32	7.49	7.32	10.9	-32.7	20.5	17.7	12.7	17.7	24.8	36.4
Cash per share	12.4	21.9	16.5	26.1	24	28.8	26.5	29.3	34.1	45.7	59.4
Capex per share	—	—	—	—	—	—	—	—	—	6.14	6.18

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	5.23%	4.82%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	19.8%	14.5%
Payout ratio	57.5%	47.3%	46.7%	34.1%	-4.51%	446.7%	0%	0%	—	15.4%	11.1%
Dividend yield	—	0.97%	1.1%	1.23%	0.66%	0.25%	0%	0%	—	0.56%	0.36%

Yield

0.36%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.48

ex-dividend Aug 27, 2026

Payout ratio

11%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 27, 2026	$0.48
May 28, 2026	$0.48
Mar 5, 2026	$0.48
Nov 19, 2025	$0.40
Aug 28, 2025	$0.40
May 29, 2025	$0.40
Mar 6, 2025	$0.40
Mar 9, 2020	$0.34

Split history

Date	Ratio
Dec 21, 2011	1:2

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$5.25	$5.76	+9.7%	—	$4.3B	—
Q1 26	$1.38	$1.96	+42.0%	—	$3.4B	—
Q4 25	$3.37	$3.78	+12.2%	—	$3.5B	—
Q3 25	$6.95	$7.57	+8.9%	—	$4.4B	—
Q2 25	$4.13	$4.24	+2.7%	—	$3.8B	—
Q1 25	$0.36	$0.4	+11.1%	—	$3B	—
Q4 24	$2.1	$2.39	+13.8%	—	$3.2B	—
Q3 24	$6.12	$6.13	+0.2%	—	$4.1B	—
Q2 24	$3.16	$3.51	+11.1%	—	$3.6B	—
Q1 24	-$0.17	$0.21	+223.5%	—	$2.9B	—
Q4 23	$1.7	$1.72	+1.2%	—	$2.9B	—
Q3 23	$4.93	$5.41	+9.7%	—	$3.9B	—
Q2 23	$2.36	$2.89	+22.5%	—	$3.4B	—
Q1 23	-$0.04	-$0.2	-400.0%	—	$2.7B	—
Q4 22	$1.67	$1.26	-24.6%	—	$2.6B	—
Q3 22	$4.12	$4.05	-1.7%	—	$3.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$10.3	—	—	$14.7B	—
FY24	—	$9.39	—	—	$13.7B	—
FY23	—	$5.5	—	—	$12.8B	—
FY22	—	$2.24	—	—	$11.7B	—
FY21	—	-$1.8	—	—	$8.6B	—
FY20	—	-$19	—	—	$5.2B	—
FY19	—	$3.84	—	—	$12.1B	—
FY18	—	$2.71	—	—	$11.2B	—
FY17	—	$2.49	—	—	$10.1B	—
FY16	—	$1.87	—	—	$8.8B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.8B	$10.1B	$11.2B	$12.1B	$5.2B	$8.6B	$11.7B	$12.8B	$13.7B	$14.7B
YoY change	+31.5%	+14.7%	+11.6%	+7.52%	-56.9%	+65.4%	+35.7%	+10%	+6.64%	+7.61%

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.9B	$2.9B	$2.9B	$3.6B	$4.1B	$3.2B	$3B	$3.8B	$4.4B	$3.5B	$3.4B	$4.3B
YoY change	+8.57%	+10.3%	+8.41%	+5.96%	+3.33%	+10.3%	+3.43%	+6.41%	+8.67%	+11.4%	+14.7%	+14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.8B	10.1B	11.2B	12.1B	5.2B	8.6B	11.7B	12.8B	13.7B	14.7B
Cost of revenue	1.6B	1.8B	1.9B	2.1B	1.6B	1.5B	1.7B	1.6B	1.4B	1.5B
Gross profit	7.2B	8.3B	9.4B	10B	3.5B	7.1B	10B	11.3B	12.2B	13.3B
Gross margin	81.8%	82.5%	83.4%	82.9%	68.3%	82.3%	85.8%	87.7%	89.5%	90.1%
Research & development	1.2B	1.4B	1.1B	1.3B	1.1B	1.1B	1.2B	1.4B	1.3B	1.3B
Selling, general & administrative	5B	6B	6.5B	6.9B	3.1B	4.9B	6.8B	7.6B	8.4B	8.9B
Operating expenses	6.3B	7.4B	7.6B	8.1B	4.2B	6B	8B	9B	9.7B	10.2B
Operating income	580M	667M	783M	961M	-1.5B	262M	1.2B	1.5B	1.7B	2.2B
Operating margin	6.61%	6.63%	6.98%	7.96%	-29.4%	3.05%	10.2%	11.4%	12.2%	14.7%
Non-operating income, net	-150M	-102M	-179M	-72M	-1.3B	42M	-434M	-411M	-117M	-528M
Pretax income	277M	417M	485M	775M	-3.2B	-38M	538M	1B	1.5B	1.6B
Income tax	16M	45M	87M	203M	-423M	-53M	195M	330M	318M	290M
Net income	261M	372M	398M	572M	-2.7B	15M	343M	688M	1.2B	1.3B
Net margin	2.97%	3.7%	3.55%	4.74%	-52.5%	0.17%	2.94%	5.36%	8.94%	8.83%
EBITDA	1.4B	1.6B	1.9B	1.9B	-622M	1.1B	2B	2.5B	2.7B	3.3B
EPS	1.87	2.49	2.71	3.84	-19	-1.8	2.24	5.5	9.39	10.3
Diluted EPS	1.82	2.42	2.65	3.77	-19	-1.8	2.17	5.31	8.95	9.81

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.9B	2.9B	2.9B	3.6B	4.1B	3.2B	3B	3.8B	4.4B	3.5B	3.4B	4.3B
Cost of revenue	412M	340M	358M	362M	388M	335M	357M	377M	376M	346M	377M	403M
Gross profit	3.5B	2.5B	2.5B	3.2B	3.7B	2.8B	2.6B	3.4B	4B	3.2B	3B	3.9B
Gross margin	89.5%	88.2%	87.6%	89.8%	90.4%	89.5%	88.1%	90%	91.5%	90.2%	89%	90.7%
Research & development	340M	357M	341M	331M	320M	322M	320M	325M	310M	322M	324M	325M
Selling, general & administrative	2B	1.8B	2B	2.2B	2.3B	2B	2.1B	2.3B	2.4B	2.1B	2.3B	2.5B
Operating expenses	2.4B	2.1B	2.4B	2.5B	2.6B	2.3B	2.5B	2.7B	2.7B	2.4B	2.6B	2.9B
Operating income	919M	220M	-42M	496M	860M	356M	-44M	531M	1.1B	548M	243M	819M
Operating margin	23.4%	7.62%	-1.45%	13.9%	21.2%	11.2%	-1.47%	14%	25.6%	15.4%	7.09%	19%
Non-operating income, net	-469M	-33M	-102M	-14M	8M	-9M	-169M	—	—	—	—	196M
Pretax income	444M	171M	-155M	488M	874M	335M	-217M	423M	1.1B	254M	25M	1B
Income tax	139M	35M	-19M	113M	190M	34M	-20M	101M	167M	42M	37M	152M
Net income	305M	136M	-136M	375M	684M	301M	-197M	322M	964M	212M	-12M	875M
Net margin	7.76%	4.71%	-4.71%	10.5%	16.8%	9.45%	-6.59%	8.51%	21.8%	5.98%	-0.35%	20.3%
EBITDA	1.2B	472M	221M	768M	1.1B	618M	227M	824M	1.4B	815M	523M	1.1B
EPS	2.98	0.96	-0.99	2.92	5.28	2.32	-1.56	2.61	7.76	1.67	-0.05	7.3
Diluted EPS	2.87	0.92	-0.99	2.8	5.04	2.2	-1.56	2.48	7.33	1.6	-0.05	7.16

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.9B	3.3B	2.5B	3.8B	3.4B	4.3B	4.1B	4.3B	4.5B	5.7B
Receivables	1.3B	1.9B	2.2B	2.5B	701M	1.3B	2.1B	2.8B	3.2B	4.2B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	3.5B	5.5B	5.2B	7.7B	5.6B	8.2B	8.8B	9.2B	9.8B	12.2B
Property, plant & equipment	1.2B	1.3B	1.4B	2.1B	1.6B	1.4B	1.4B	1.5B	1.5B	1.5B
Goodwill & intangibles	20.8B	21.1B	20.2B	19.9B	17.8B	17.1B	16.7B	15.7B	15.3B	15.4B
Total assets	15.8B	18.5B	18B	21.4B	18.7B	21.5B	21.6B	21.6B	22.4B	24.5B
Accounts payable	2.1B	2.5B	2.5B	2.8B	1.1B	2B	2.7B	3.1B	3.1B	3.3B
Short-term debt	—	500M	—	749M	—	735M	—	—	1B	1.7B
Total current liabilities	6.1B	7.9B	8.1B	10.7B	5.4B	9.4B	10.8B	11.8B	13.6B	16.7B
Long-term debt	3.2B	3.7B	3.7B	4.7B	8.7B	8.1B	6.6B	6.6B	5.5B	4.7B
Total liabilities	10.1B	12.4B	12.4B	15.9B	14.7B	18B	17.8B	18.9B	19.6B	21.9B
Shareholders' equity	5.7B	6.2B	5.7B	5.5B	4B	3.6B	3.7B	2.8B	2.8B	2.5B
Total debt	3.2B	4.2B	3.7B	5.5B	8.7B	8.8B	6.6B	6.6B	6.5B	6.4B
Net debt	1.4B	1.4B	1.3B	2.2B	5.4B	4.7B	2.5B	2.3B	2.3B	1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	6.2B	5.7B	5.8B	7.1B
Receivables	—	—	—	—	—	—	—	—	4.5B	4.2B	5.1B	5.8B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	12.8B	12.2B	14.2B	16.3B
Property, plant & equipment	—	—	—	—	—	—	—	—	2.8B	1.5B	2.7B	2.7B
Goodwill & intangibles	—	—	—	—	—	—	—	—	15.3B	15.4B	15.8B	15.8B
Total assets	—	—	—	—	—	—	—	—	25.1B	24.5B	26.5B	29.1B
Accounts payable	—	—	—	—	—	—	—	—	3.2B	3.3B	3.3B	3.8B
Short-term debt	—	—	—	—	—	—	—	—	1.7B	1.7B	—	—
Total current liabilities	—	—	—	—	—	—	—	—	17.3B	16.7B	19.4B	20.4B
Long-term debt	—	—	—	—	—	—	—	—	4.7B	4.7B	4.7B	5.7B
Total liabilities	—	7.1B	—	—	—	—	—	—	22.5B	21.9B	24.6B	26.6B
Shareholders' equity	—	—	—	—	—	—	—	—	2.6B	2.5B	1.8B	2.5B
Total debt	—	—	—	—	—	—	—	—	6.5B	6.4B	4.7B	5.7B
Net debt	—	—	—	—	—	—	—	—	652M	1B	-834M	-997M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	261M	372M	398M	572M	-2.7B	15M	343M	688M	1.2B	1.3B
Depreciation & amortization	829M	889M	1B	910M	893M	814M	792M	807M	838M	887M
Stock-based compensation	242M	149M	203M	241M	205M	418M	374M	413M	458M	398M
Change in working capital	199M	710M	411M	1.4B	-2.7B	2.8B	1.2B	173M	352M	1.2B
Operating cash flow	1.5B	2B	1.7B	3B	-4.7B	4B	2.8B	2.2B	3B	3.9B
Capital expenditure	—	—	—	—	—	—	—	—	—	-770M
Investing cash flow	31M	-871M	319M	-393M	534M	-258M	82M	46M	-506M	-531M
Dividends paid	-150M	-176M	-186M	-195M	-123M	-67M	0	0	—	-200M
Share repurchases	-456M	-312M	-923M	-743M	-425M	-1.4B	-607M	-2.1B	-1.8B	-1.9B
Financing cash flow	-832M	459M	-1.7B	-126M	1.1B	-1.5B	-2.8B	-2.2B	-1.9B	-2.2B
Net change in cash	712M	1.6B	391M	2.5B	-3.1B	2.2B	135M	72M	658M	1.2B
Free cash flow	800M	1.1B	1.1B	1.6B	-4.6B	3.1B	2.8B	1.8B	2.3B	3.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	305M	136M	-136M	375M	684M	301M	-197M	322M	964M	212M	-12M	875M
Depreciation & amortization	208M	208M	210M	205M	211M	212M	219M	223M	225M	220M	228M	228M
Stock-based compensation	105M	99M	104M	114M	147M	93M	98M	105M	90M	105M	103M	114M
Change in working capital	-2.8B	-712M	2.8B	739M	-2.6B	-614M	3B	557M	-2B	-397M	3.5B	400M
Operating cash flow	-2.1B	-283M	3B	1.5B	-1.5B	10M	3.1B	1.1B	-497M	304M	3.9B	1.5B
Capital expenditure	—	—	—	—	—	—	—	-200M	-189M	-185M	-184M	-199M
Investing cash flow	-34M	-28M	-63M	-15M	-258M	-170M	-188M	164M	-112M	-199M	-440M	-647M
Dividends paid	—	—	—	—	—	—	-51M	-51M	-49M	-49M	-58M	-58M
Share repurchases	-607M	-468M	-643M	-529M	-469M	-198M	-384M	-688M	-531M	-327M	-788M	-270M
Financing cash flow	-594M	-545M	-663M	-534M	-470M	-194M	-494M	-739M	-592M	-389M	-2.7B	593M
Net change in cash	-2.7B	-856M	2.2B	989M	-2.2B	-354M	2.4B	546M	-1.2B	-284M	816M	1.4B
Free cash flow	-1.6B	-415M	2.7B	1.3B	-1.7B	7M	2.8B	921M	-686M	119M	3.7B	1.3B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	18.2B	16.9B	15.9B	18.7B	27.1B	13.7B	22B	24.5B	35.5B	31.7B
Enterprise value	—	19.1B	18.1B	17.5B	24.1B	31.6B	16.1B	24.3B	26.5B	36.2B	31.5B
Shares outstanding	150.4M	151.6M	150M	147.2M	141.4M	149.7M	156.7M	145M	131.4M	125.4M	125.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	48.8	42.4	27.8	—	1.8K	40	32	20	27.3	16.6
P/S	—	1.81	1.51	1.32	3.6	3.15	1.18	1.71	1.79	2.41	2.02
P/B	—	2.95	2.97	2.88	4.65	7.62	3.68	7.9	8.75	13.9	26.2
EV/EBITDA	—	12	9.79	9.04	-38.7	28.6	7.9	9.54	9.67	11	10.9
EV/Sales	—	1.9	1.62	1.45	4.63	3.67	1.38	1.89	1.94	2.46	2.01
Earnings yield	—	2.05%	2.36%	3.59%	—	0.06%	2.5%	3.13%	5%	3.66%	6.02%
FCF yield	—	6.25%	6.49%	10.1%	-24.7%	11.4%	20.2%	8.38%	9.51%	8.76%	10.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.09

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	81.8%	82.5%	83.4%	82.9%	68.3%	82.3%	85.8%	87.7%	89.5%	90.1%	90.7%
Operating margin	6.61%	6.63%	6.98%	7.96%	-29.4%	3.05%	10.2%	11.4%	12.2%	14.7%	19%
Net margin	2.97%	3.7%	3.55%	4.74%	-52.5%	0.17%	2.94%	5.36%	8.94%	8.83%	13%
ROE	4.58%	6.05%	7.01%	10.3%	-67.8%	0.42%	9.2%	24.7%	43.7%	51.1%	89.5%
ROA	1.65%	2.01%	2.21%	2.67%	-14.6%	0.07%	1.59%	3.18%	5.47%	5.32%	6.11%
ROIC	7.83%	8.4%	9.28%	9.9%	-16.3%	3.25%	12.4%	19.4%	27.3%	54.8%	222.6%
Return on tangible assets	-5.22%	-14.5%	-18.2%	36.8%	-303.1%	0.34%	7.06%	11.7%	17.3%	14.3%	15.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.56	0.7	0.64	0.72	1.04	0.87	0.82	0.78	0.72	0.73	0.8
Quick ratio	0.56	0.7	0.64	0.72	1.04	0.87	0.82	0.78	0.72	0.73	0.8
Debt / equity	0.55	0.69	0.65	0.99	2.17	2.48	1.76	2.36	2.33	2.52	2.3
Debt / assets	0.2	0.23	0.21	0.26	0.47	0.41	0.3	0.3	0.29	0.26	0.2
Net debt / EBITDA	0.91	0.59	0.67	0.84	-8.59	4.08	1.18	0.91	0.75	0.21	-0.37
Interest coverage	2.6	3.29	3.55	5.48	-7.75	0.89	2.94	5.16	7.27	6.32	7.86
Effective tax rate	5.78%	10.8%	17.9%	26.2%	0%	0%	36.2%	32.4%	20.6%	18.2%	16.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	58.4	66.4	74.8	82	36.8	57.4	74.5	88.6	104.2	117.5	128.6
EPS (basic)	1.87	2.49	2.71	3.84	-19	-1.8	2.24	5.5	9.39	10.3	10.3
EPS (diluted)	1.82	2.42	2.65	3.77	-19	-1.8	2.17	5.31	8.95	9.81	15.9
Book value per share	37.9	40.6	37.9	37.6	28.5	23.7	23.8	19.2	21.3	20.3	10.1
FCF per share	5.32	7.49	7.32	10.9	-32.7	20.5	17.7	12.7	17.7	24.8	36.4
Cash per share	12.4	21.9	16.5	26.1	24	28.8	26.5	29.3	34.1	45.7	59.4
Capex per share	—	—	—	—	—	—	—	—	—	6.14	6.18

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	5.23%	4.82%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	19.8%	14.5%
Payout ratio	57.5%	47.3%	46.7%	34.1%	-4.51%	446.7%	0%	0%	—	15.4%	11.1%
Dividend yield	—	0.97%	1.1%	1.23%	0.66%	0.25%	0%	0%	—	0.56%	0.36%

Yield

0.36%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.48

ex-dividend Aug 27, 2026

Payout ratio

11%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 27, 2026	$0.48
May 28, 2026	$0.48
Mar 5, 2026	$0.48
Nov 19, 2025	$0.40
Aug 28, 2025	$0.40
May 29, 2025	$0.40
Mar 6, 2025	$0.40
Mar 9, 2020	$0.34

Split history

Date	Ratio
Dec 21, 2011	1:2

Expedia Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Expedia Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history