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Friday 6 November 2026 Export EXPE’s income statement to Excel — free account

Expedia Group, Inc.

EXPE Consumer Cyclical Travel Services

Expedia Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 7.61% from fiscal 2024.

Revenue
+11.9%
EPS
+10.7%
Free cash flow
−103.9%
Total debt
−12.2%

Quarter to September 2026, against a year earlier

273.56 42.32 −13.40%
Market cap
$32.7B
P/E
15.6×
Fwd P/E
15.2×
Dividend yield
0.67%
F-score
8/9
Altman Z
1.71
Beneish M
−2.77
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
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Expedia Group, Inc. (EXPE) Gross margin

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Expedia Group, Inc.'s gross margin over the twelve months to 30 September 2026 was 90.5%, up 0.4 percentage points from fiscal 2025 (90.1%). Over the past ten years it has ranged from 68.3% (fiscal 2020) to 90.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 52.2% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 90.1% 0.66
FY2024 89.5% 1.71
FY2023 87.8% 1.95
FY2022 85.8% 3.50
FY2021 82.3% 14.02
FY2020 68.3% (14.60)
FY2019 82.9% (0.51)
FY2018 83.4% 0.86
FY2017 82.5% 0.73
FY2016 81.8% 1.43

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 91.5% 0.85
Jun 2026 90.7% 1.66
Mar 2026 89.0% (1.25)
Dec 2025 90.3% (1.23)
43 more quarters

Against its own ten years

Low 68.3% High 90.1%
Ten-year median 82.9%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
BKNG Booking Holdings Inc. compare 100.0%
EXPE Expedia Group, Inc. 90.5%
ABNB Airbnb, Inc. compare 83.1%
TCOM Trip.com Group Limited Sponsored ADR compare 80.1%
MMYT MakeMyTrip Limited compare 77.3%
RCL Royal Caribbean Cruises Ltd. compare 49.1%
VIK Viking Holdings Ltd. compare 43.2%
NCLH Norwegian Cruise Line Holdings Ltd. compare 41.4%
CCL Carnival Corporation compare 39.5%
Travel Services industry median 52.2%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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