Sunday 1 November 2026 Export EXPE’s income statement to Excel — free account

Expedia Group, Inc.

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

Revenue: +14.0%
EPS: +179.7%
Free cash flow: +38.9%
Total debt: −12.1%

Quarter to June 2026, against a year earlier

285.93 3.20 +1.13%

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Market cap: $33.9B
P/E: 17.1×
Fwd P/E: 15.2×
Dividend yield: 0.64%
F-score: 8/9
Altman Z: 1.71
Beneish M: −2.77
Dividend safety: 70/100

Overview Earnings & Analysis Segments Filings

Expedia Group, Inc. (EXPE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
B2C	9,474	64.30%
B2B	4,842	32.86%
trivago	417	2.83%
Gross margin		90.12%
Operating margin		12.70%
Pre-tax margin		10.80%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Lodging	11,752 79.77%	10,950 79.98%	10,264 79.94%	8,905 76.33%	6,449 75.01%	4,051 77.92%	8,362 69.30%	7,597 67.69%	6,851 68.10%	6,021 68.62%	4,638 69.52%
Other	1,399 9.50%	1,359 9.93%	1,344 10.47%	1,623 13.91%	1,292 15.03%	638 12.27%	1,732 14.35%	1,642 14.63%	1,352 13.44%	1,168 13.31%	902 13.52%
Expedia Group (“EG”) Advertising	758 5.14%	639 4.67%	483 3.76%	—	—	—	—	—	—	—	—
trivago Advertising	417 2.83%	315 2.30%	338 2.63%	—	—	—	—	—	—	—	—
Air	407 2.76%	428 3.13%	410 3.19%	362 3.10%	254 2.95%	105 2.02%	869 7.20%	881 7.85%	784 7.79%	778 8.87%	566 8.48%
Advertising and media	—	—	—	777 6.66%	603 7.01%	405 7.79%	1,104 9.15%	1,103 9.83%	1,073 10.67%	807 9.20%	566 8.48%
Revenue	14,733	13,691	12,839	11,667	8,598	5,199	12,067	11,223	10,060	8,774	6,672

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
B2C	9,474 64.30%	9,274 67.74%	9,113 70.98%	8,741 74.92%	6,821 79.33%	3,993 76.80%	8,808 72.99%	8,389 74.75%	—	—	—	—	—	—	—	—	—
B2B	4,842 32.86%	4,102 29.96%	3,388 26.39%	2,546 21.82%	1,460 16.98%	942 18.12%	2,579 21.37%	2,143 19.09%	—	—	—	—	—	—	—	—	—
trivago	417 2.83%	315 2.30%	338 2.63%	380 3.26%	423 4.92%	280 5.39%	938 7.77%	691 6.16%	1,166 11.59%	836 9.53%	548 8.21%	414 7.17%	173 3.63%	—	—	—	—
Core Online Travel Companies	—	—	—	—	—	—	—	—	7,881 78.34%	7,084 80.74%	5,877 88.08%	4,905 85.11%	4,069 85.29%	—	—	—	—
Vrbo	—	—	—	—	—	—	—	—	906 9.01%	689 7.85%	20 0.30%	—	—	—	—	—	—
Egencia	—	—	—	—	—	—	—	—	521 5.18%	462 5.27%	400 6.00%	400 6.94%	365 7.65%	291 7.23%	179 5.20%	143 4.71%	108 3.95%
eLong	—	—	—	—	—	—	—	—	—	—	42 0.63%	178 3.09%	164 3.44%	—	—	—	—
Leisure	—	—	—	—	—	—	—	—	—	—	—	—	—	3,739 92.77%	3,270 94.80%	2,891 95.29%	2,635 96.05%
Eliminations	—	—	—	—	(106) (1.23%)	—	(258) (2.14%)	—	(414) (4.12%)	(297) (3.39%)	(215) (3.22%)	(133) (2.31%)	—	—	—	—	—
Revenue	14,733	13,691	12,839	11,667	8,598	5,199	12,067	11,223	10,060	8,774	6,672	5,763	4,771	4,030	3,449	3,034	2,743

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
B2C	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
B2B	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
trivago	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Core Online Travel Companies	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Vrbo	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Egencia	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
eLong	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Leisure	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate And Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	8,710 59.12%	8,372 61.15%	8,147 63.46%	7,939 68.05%	6,569 76.40%	3,511 67.53%	6,869 56.92%	6,202 55.26%	5,542 55.09%	5,043 57.48%	3,703 55.50%	3,047 52.86%	2,510 52.61%	2,227 55.25%	1,956 56.70%	1,850 60.98%	1,712 62.42%
All other countries	6,023 40.88%	5,319 38.85%	4,692 36.54%	3,728 31.95%	2,029 23.60%	1,688 32.47%	5,198 43.08%	5,021 44.74%	4,518 44.91%	3,731 42.52%	2,969 44.50%	2,717 47.14%	2,261 47.39%	1,803 44.75%	1,493 43.30%	1,184 39.02%	1,031 37.58%
Revenue	14,733	13,691	12,839	11,667	8,598	5,199	12,067	11,223	10,060	8,774	6,672	5,763	4,771	4,030	3,449	3,034	2,743

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Agency	Q2 FY2026	$13.3B	$12.4B	+7.60%
Average Daily Rate ("ADR") Booked	Q2 FY2026	$220.60	$209.30	+5.40%
Booked air tickets	Q2 FY2026	14.2M	15.0M	−5.33%
Booked room nights	Q2 FY2026	111.5M	—	—
Gross bookings	Q2 FY2026	$33.9B	$30.4B	+11.57%
Lodging gross bookings	Q2 FY2026	$24.6B	$22.1B	+11.46%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Agency	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average Daily Rate ("ADR") Booked	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Booked air tickets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Booked room nights	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Lodging gross bookings	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.