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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. In the quarter to June 2026, revenue grew 14.0%, EPS grew 179.7%, free cash flow grew 38.9% and total debt fell 12.1%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

288.95 2.92 −1.00%
Market cap
$35.0B
P/E
17.3×
Fwd P/E
14.4×
Dividend yield
0.64%
F-score
8/9
Altman Z
1.71
Beneish M
−2.77
Dividend safety
70/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 8.51
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 1 — — 1 — 1 1 — 5 — —
Insider Ownership 5.38%

Capital & Financial Ratios $m

Market Cap 35,030.00
Revenue 15,700.00
Net Income 2,039.00
Free Cash Flow 4,459.00
Net Debt (4,070.00)
Current Ratio 0.80 (below 1: weak)
Debt/Equity 2.21 (above 2: weak)
P/E ratio 17.32
Fwd P/E 14.40
P/S ratio 2.21
P/B ratio 14.06 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 32.53% (at or above 15%: strong)
Next Y EPS Growth 17.43% (at or above 15%: strong)
Next Y revenue growth 10.02% (at or above 10%: strong)
Next 5Y EPS Growth 21.56% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.8×; over the ten years it ranged from 0.8× in 2020 to 6.6× in 2021.
P/E against its own 10 years 4.94%
10-year low 10-year high
P/S against its own 10 years 74.05%
10-year low 10-year high
P/B against its own 10 years 96.24%
10-year low 10-year high
EV/Sales against its own 10 years 64.54%
10-year low 10-year high
EV/FCF against its own 10 years 20.68%
10-year low 10-year high

Dividends

Payout Ratio 0.11
Annual Dividend Rate 1.84
Annual Dividend Yield 0.64%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.91
0.48
0.48
0.48
2025 1.60
0.40
0.40
0.40
0.40
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 0.34
0.34
2019 1.32
0.32
0.32
0.34
0.34
2018 1.24
0.30
0.30
0.32
0.32
2017 1.16
0.28
0.28
0.30
0.30
2016 1.00
0.24
0.24
0.26
0.26
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 5,689 5,874 7,296 9,529
Receivables 2,833 3,252 4,204 5,830
Inventory — — — —
Other — — — —
9,230 9,815 12,199 16,302
2023 2024 2025 Q'26
Payables 2,041 2,031 2,188 2,465
ST’ Debt — 1,043 1,692 —
Other — — — —
11,783 13,611 16,657 20,354

Compound Annual Growth %

10y 5y 3y
Sales 8.24% 23.16% 8.09%
Cash Flow 10.99% 0.00% 4.09%
Earnings 5.40% 0.00% 54.33%
Book Value (6.39%) (8.75%) (11.93%)

Revenue $m

Mar Jun Sep Dec Year
’26 3,426 4,315 — — —
’25 2,988 3,786 4,412 3,547 14,733
’24 2,889 3,558 4,060 3,184 13,691
’23 2,665 3,358 3,929 2,887 12,839
’22 2,249 3,181 3,619 2,618 11,667
’21 1,246 2,111 2,962 2,279 8,598
’20 2,209 566 1,504 920 5,199
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 3,931 1,478 — — —
’25 2,952 1,121 (497) 304 3,880
’24 2,879 1,501 (1,493) 198 3,085
’23 3,157 1,146 (1,375) (238) 2,690
’22 2,991 1,628 (997) (182) 3,440
’21 2,170 2,514 (1,221) 285 3,748
’20 (784) (1,846) (819) (385) (3,834)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 3,747 1,279 — — —
’25 2,756 921 (686) 119 3,110
’24 2,702 1,307 (1,687) 7 2,329
’23 2,924 923 (1,588) (415) 1,844
’22 2,835 1,469 (1,167) (359) 2,778
’21 2,002 2,331 (1,400) 142 3,075
’20 (1,071) (2,052) (995) (513) (4,631)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.05) 7.16 — — —
’25 (1.56) 2.48 7.33 1.60 9.81
’24 (0.99) 2.80 5.04 2.20 8.95
’23 (0.95) 2.54 2.87 0.92 5.31
’22 (0.78) (1.17) 2.98 1.11 2.17
’21 (4.17) (2.02) 2.26 1.70 (1.80)
’20 (9.24) (5.34) (1.56) (2.89) (19.00)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 88.40 111.88 98.52 93.53 40.76 118.30 82.39 86.31 107.25 130.01

Analyst estimates 2026–2028

Powerpack
High 133.55 161.00 139.77 144.00 134.09 191.85 217.72 155.84 192.34 292.42
People
People Employees 20,075 22,615 24,500 25,400 19,100 14,800 16,500 17,100 16,500 16,000
Revenue/emp, $m 0.44 0.44 0.46 0.48 0.27 0.58 0.71 0.75 0.83 0.92
Income, $m
Income, $m Revenue 8,774 10,060 11,223 12,067 5,199 8,598 11,667 12,839 13,691 14,733
Gross margin, % 81.80 82.53 83.39 82.88 68.28 82.30 85.80 87.75 89.46 90.12
EBT 277 417 485 775 (3,151) (38) 538 1,018 1,542 1,591
EBT margin, % 3.16 4.15 4.32 6.42 (60.61) (0.44) 4.61 7.93 11.26 10.80
Net income 261 372 398 572 (2,728) 15 343 688 1,224 1,301
Depreciation 1,071 1,038 1,290 1,151 2,072 1,252 1,247 1,646 1,443 1,285
Per share, $
Per share, $ Revenue 58.35 66.35 74.84 81.98 36.76 57.42 74.47 88.57 104.17 117.52
Earnings 1.87 2.49 2.71 3.84 (19.00) (1.80) 2.24 5.50 9.39 10.32
Cash flow 10.30 12.17 13.17 18.80 (27.11) 25.03 21.96 18.56 23.47 30.95
Capex (4.98) (4.68) (5.85) (7.88) (5.64) (4.49) (4.23) (5.84) (5.75) (6.14)
Free cash flow 5.32 7.49 7.32 10.92 (32.75) 20.54 17.73 12.72 17.72 24.81
Book value 37.86 40.42 37.68 37.61 28.47 23.72 23.79 19.22 21.30 20.32
Shares, m 150 152 150 147 141 150 157 145 131 125
Valuation, ×
Valuation, × P/E 62.82 48.96 41.42 28.24 0.00 0.00 39.14 26.47 19.55 27.03
P/S 1.93 1.83 1.51 1.32 3.60 3.15 1.18 1.68 1.79 2.41
P/B 2.97 3.00 2.99 2.88 6.23 7.62 3.68 7.74 8.75 13.94
EV/Sales 2.07 1.92 1.64 1.35 4.41 3.43 1.27 1.78 1.82 2.33
EV/FCF 22.72 16.98 16.75 10.10 (4.95) 9.60 5.33 12.40 10.68 11.06
Cash, $m
Cash, $m Operating cash flow 1,549 1,845 1,975 2,767 (3,834) 3,748 3,440 2,690 3,085 3,880
Capex (749) (710) (878) (1,160) (797) (673) (662) (846) (756) (770)
Free cash flow 800 1,135 1,097 1,607 (4,631) 3,075 2,778 1,844 2,329 3,110
Balance, $m
Balance, $m Working capital (2,677) (2,339) (2,863) (2,979) 228 (1,269) (1,987) (2,553) (3,796) (4,458)
Total debt 3,159 4,249 3,717 4,938 8,342 8,450 6,240 6,253 6,266 6,161
Net debt 1,271 865 987 318 4,183 2,445 341 564 392 (1,135)
Shareholders’ equity 5,693 6,129 5,651 5,536 4,026 3,552 3,728 2,786 2,799 2,547
Returns, %
Returns, % ROA 1.80 2.20 2.22 2.86 (13.40) (1.34) 1.63 3.69 5.61 5.53
ROIC 4.15 5.59 6.72 9.64 (20.70) 1.94 16.67 19.27 25.83 82.82
ROE 5.31 6.39 6.89 10.10 (62.93) (8.21) 9.67 24.47 44.19 48.41
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Expedia Group, Inc. vs peers in Travel Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BKNG Booking Holdings Inc. $124.6B 18.0× 15.9× +8.15% (above 0%: growing) +130.57% (above 0%: growing) +16.13% (above 0%: growing) 100.00% 34.00% Compare
ABNB Airbnb, Inc. $104.4B 38.9× 26.3× +16.54% (above 0%: growing) +32.69% (above 0%: growing) +30.26% (above 0%: growing) 82.46% 21.01% Compare
RCL Royal Caribbean Cruises Ltd. $74.9B 17.1× 16.3× +6.48% (above 0%: growing) −5.39% (below 0%: shrinking) −196.37% (below 0%: shrinking) 47.29% 27.07% Compare
VIK Viking Holdings Ltd. $37.5B 27.5× 27.3× +16.49% (above 0%: growing) +33.33% (above 0%: growing) −75.64% (below 0%: shrinking) 45.50% 29.40% Compare
CCL Carnival Corporation $35.6B 11.2× 12.3× +3.46% (above 0%: growing) +0.06% (above 0%: growing) −3.26% (below 0%: shrinking) 45.13% 26.31% Compare
EXPE Expedia Group, Inc. $35.0B 17.3× 14.4× +13.97% (above 0%: growing) +179.69% (above 0%: growing) +38.87% (above 0%: growing) 90.66% 18.54%
TCOM Trip.com Group Limited Sponsored ADR $25.9B 7.7× 12.8× +11.39% (above 0%: growing) n/m +531.82% (above 0%: growing) 79.81% (9.36%) Compare
NCLH Norwegian Cruise Line Holdings Ltd. $7.1B 9.0× 12.6× +4.89% (above 0%: growing) +585.71% (above 0%: growing) −61.99% (below 0%: shrinking) 39.91% 13.76% Compare
MMYT MakeMyTrip Limited $4.4B 133× 82.6× +6.22% (above 0%: growing) −60.87% (below 0%: shrinking) −36.17% (below 0%: shrinking) 74.55% 15.30% Compare
Median of peers $36.5B 17.5× 16.1× +7.31% +32.69% −19.72% 60.92% 23.66%

All 18 Travel Services stocks →

EXPE metrics, ten years each

Expedia Group, Inc. (EXPE) key facts

  • Strength: Expedia Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 7.61% from fiscal 2024.
  • Expedia Group, Inc. (EXPE) is a Travel Services company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, EXPE traded at $288.95, a market capitalization of $35.0 billion.
  • Expedia Group, Inc. pays an annual dividend of $1.84 per share, a yield of 0.64%, with a payout ratio of 11.5%.
  • Return on equity was 48.4% and debt-to-equity 2.21.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.71 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Expedia Group, Inc. (EXPE) Latest News

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stockrow.com/EXPE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com