Expedia Group Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Expedia Group has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 9.6% the prior year.
Expedia Group's revenue declined 100% year-over-year, from $13.7B to $15K. This contraction results in a growth score of 0/100.
Expedia Group has elevated debt relative to equity (D/E of 3.48), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Expedia Group's current ratio of 0.73 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 9/100, which could limit financial flexibility.
Expedia Group converts 21.1% of revenue into free cash flow ($3K). This strong cash generation earns a score of 100/100.
Expedia Group earns a strong 100.8% return on equity (ROE), meaning it generates $101 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 79.3% the prior year.
Expedia Group scores 674883.97, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($26.1B) relative to total liabilities ($23K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Expedia Group passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Expedia Group generates $3.00 in operating cash flow ($4K OCF vs $1K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Expedia Group earns $6.3 in operating income for every $1 of interest expense ($2K vs $299). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Expedia Group (EXPE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Expedia Group generated $15K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Expedia Group's EBITDA was $3K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Expedia Group generated $3K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Expedia Group reported $1K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Expedia Group earned $9.81 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.6% from the prior year.
Expedia Group held $5K in cash against $4K in long-term debt as of fiscal year 2025.
Expedia Group paid $1.60 per share in dividends in fiscal year 2025.
Expedia Group had 117M shares outstanding in fiscal year 2025. This represents a decrease of 5.1% from the prior year.
Expedia Group's gross margin was 91.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Expedia Group's operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is up 3.1 percentage points from the prior year.
Expedia Group's net profit margin was 8.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.
Expedia Group's ROE was 100.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 21.5 percentage points from the prior year.
Expedia Group spent $2K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Expedia Group invested $770 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
EXPE Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B-19.6% | $4.4B+16.5% | $3.8B+26.7% | $3.0B-6.2% | $3.2B-21.6% | $4.1B+14.1% | $3.6B+23.2% | $2.9B |
| Cost of Revenue | $346.0M-8.0% | $376.0M-0.3% | $377.0M+5.6% | $357.0M+6.6% | $335.0M-13.7% | $388.0M+7.2% | $362.0M+1.1% | $358.0M |
| Gross Profit | $3.2B-20.7% | $4.0B+18.4% | $3.4B+29.6% | $2.6B-7.7% | $2.8B-22.4% | $3.7B+14.9% | $3.2B+26.3% | $2.5B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $202.0M+8.6% | $186.0M-5.6% | $197.0M+9.4% | $180.0M-14.3% | $210.0M-8.3% | $229.0M+27.2% | $180.0M-3.2% | $186.0M |
| Operating Income | $420.0M-59.5% | $1.0B+113.6% | $485.0M+792.9% | -$70.0M-132.4% | $216.0M-71.7% | $762.0M+69.0% | $451.0M+510.0% | -$110.0M |
| Interest Expense | $121.0M+95.2% | $62.0M+6.9% | $58.0M0.0% | $58.0M-6.5% | $62.0M+1.6% | $61.0M0.0% | $61.0M-1.6% | $62.0M |
| Income Tax | $42.0M-74.9% | $167.0M+65.3% | $101.0M+605.0% | -$20.0M-158.8% | $34.0M-82.1% | $190.0M+68.1% | $113.0M+694.7% | -$19.0M |
| Net Income | $205.0M-78.6% | $959.0M+190.6% | $330.0M+265.0% | -$200.0M-166.9% | $299.0M-56.3% | $684.0M+77.2% | $386.0M+385.9% | -$135.0M |
| EPS (Diluted) | $1.56-78.7% | $7.33+195.6% | $2.48+259.0% | $-1.56-174.3% | $2.10-58.3% | $5.04+80.0% | $2.80+382.8% | $-0.99 |
EXPE Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.5B-2.6% | $25.1B-6.9% | $27.0B+3.3% | $26.1B+16.6% | $22.4B-4.3% | $23.4B-9.6% | $25.9B+4.6% | $24.8B |
| Current Assets | $12.2B-5.1% | $12.8B-12.8% | $14.7B+8.4% | $13.6B+38.4% | $9.8B-9.4% | $10.8B-19.9% | $13.5B+9.5% | $12.3B |
| Cash & Equivalents | $5.4B-7.1% | $5.8B-7.6% | $6.3B+10.3% | $5.7B+36.6% | $4.2B-11.4% | $4.7B-24.4% | $6.2B+9.8% | $5.7B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.2B-7.1% | $4.5B-9.4% | $4.9B+11.2% | $4.4B+38.5% | $3.2B-14.6% | $3.8B-8.8% | $4.1B+10.1% | $3.8B |
| Goodwill | $6.9B0.0% | $6.9B+0.3% | $6.9B+0.1% | $6.8B0.0% | $6.8B-0.1% | $6.9B+0.1% | $6.8B0.0% | $6.8B |
| Total Liabilities | $23.2B-2.5% | $23.8B-9.1% | $26.1B+4.4% | $25.0B+20.2% | $20.8B-5.7% | $22.1B-11.7% | $25.0B+4.7% | $23.9B |
| Current Liabilities | $16.7B-3.5% | $17.3B-12.0% | $19.6B+5.6% | $18.6B+36.5% | $13.6B-8.0% | $14.8B-16.7% | $17.8B+14.1% | $15.6B |
| Long-Term Debt | $4.5B0.0% | $4.5B0.0% | $4.5B0.0% | $4.5B-14.5% | $5.2B0.0% | $5.2B+0.1% | $5.2B-16.6% | $6.3B |
| Total Equity | $1.3B-4.0% | $1.3B+59.9% | $836.0M-22.0% | $1.1B-31.1% | $1.6B+17.8% | $1.3B+48.7% | $889.0M-0.1% | $890.0M |
| Retained Earnings | $1.7B+10.1% | $1.5B+144.4% | $630.0M+79.5% | $351.0M-41.7% | $602.0M+98.7% | $303.0M+179.5% | -$381.0M+50.3% | -$767.0M |
EXPE Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $304.0M+161.2% | -$497.0M-144.3% | $1.1B-62.0% | $3.0B+1390.9% | $198.0M+113.3% | -$1.5B-199.5% | $1.5B-47.9% | $2.9B |
| Capital Expenditures | $185.0M-2.1% | $189.0M-5.5% | $200.0M+2.0% | $196.0M+2.6% | $191.0M-1.5% | $194.0M0.0% | $194.0M+9.6% | $177.0M |
| Free Cash Flow | $119.0M+117.3% | -$686.0M-174.5% | $921.0M-66.6% | $2.8B+39271.4% | $7.0M+100.4% | -$1.7B-229.1% | $1.3B-51.6% | $2.7B |
| Investing Cash Flow | -$199.0M-77.7% | -$112.0M-168.3% | $164.0M+142.7% | -$384.0M-6.4% | -$361.0M+20.1% | -$452.0M-116.3% | -$209.0M+12.9% | -$240.0M |
| Financing Cash Flow | -$389.0M+31.4% | -$567.0M+20.3% | -$711.0M-51.6% | -$469.0M-202.6% | -$155.0M+64.9% | -$441.0M+14.9% | -$518.0M+17.9% | -$631.0M |
| Dividends Paid | $49.0M0.0% | $49.0M-3.9% | $51.0M0.0% | $51.0M | $0 | $0 | $0 | $0 |
| Share Buybacks | $327.0M-38.4% | $531.0M-22.8% | $688.0M+79.2% | $384.0M+93.9% | $198.0M-57.8% | $469.0M-11.3% | $529.0M-17.7% | $643.0M |
EXPE Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.3%-1.2pp | 91.5%+1.4pp | 90.0%+2.0pp | 88.0%-1.4pp | 89.5%-1.0pp | 90.4%+0.6pp | 89.8%+2.2pp | 87.6% |
| Operating Margin | 11.8%-11.6pp | 23.5%+10.7pp | 12.8%+15.2pp | -2.3%-9.1pp | 6.8%-12.0pp | 18.8%+6.1pp | 12.7%+16.5pp | -3.8% |
| Net Margin | 5.8%-16.0pp | 21.7%+13.0pp | 8.7%+15.4pp | -6.7%-16.1pp | 9.4%-7.5pp | 16.9%+6.0pp | 10.8%+15.5pp | -4.7% |
| Return on Equity | 16.0%-55.8pp | 71.7%+32.3pp | 39.5% | N/A | 19.2%-32.5pp | 51.7%+8.3pp | 43.4% | N/A |
| Return on Assets | 0.8%-3.0pp | 3.8%+2.6pp | 1.2%+2.0pp | -0.8%-2.1pp | 1.3%-1.6pp | 2.9%+1.4pp | 1.5%+2.0pp | -0.5% |
| Current Ratio | 0.73-0.0 | 0.740.0 | 0.75+0.0 | 0.73+0.0 | 0.72-0.0 | 0.73-0.0 | 0.76-0.0 | 0.79 |
| Debt-to-Equity | 3.48+0.1 | 3.34-2.0 | 5.34+1.2 | 4.17+0.8 | 3.35-0.6 | 3.95-1.9 | 5.87-1.2 | 7.03 |
| FCF Margin | 3.4%+18.9pp | -15.6%-39.9pp | 24.3%-67.9pp | 92.2%+92.0pp | 0.2%+41.8pp | -41.5%-78.3pp | 36.7%-56.8pp | 93.5% |
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Expedia Group's annual revenue?
Expedia Group (EXPE) reported $15K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Expedia Group's revenue growing?
Expedia Group (EXPE) revenue declined by 100% year-over-year, from $13.7B to $15K in fiscal year 2025.
Is Expedia Group profitable?
Yes, Expedia Group (EXPE) reported a net income of $1K in fiscal year 2025, with a net profit margin of 8.8%.
What is Expedia Group's earnings per share (EPS)?
Expedia Group (EXPE) reported diluted earnings per share of $9.81 for fiscal year 2025. This represents a 9.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Expedia Group's EBITDA?
Expedia Group (EXPE) had EBITDA of $3K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Expedia Group have?
As of fiscal year 2025, Expedia Group (EXPE) had $5K in cash and equivalents against $4K in long-term debt.
What is Expedia Group's gross margin?
Expedia Group (EXPE) had a gross margin of 91.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Expedia Group's operating margin?
Expedia Group (EXPE) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Expedia Group's net profit margin?
Expedia Group (EXPE) had a net profit margin of 8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Expedia Group pay dividends?
Yes, Expedia Group (EXPE) paid $1.60 per share in dividends during fiscal year 2025.
What is Expedia Group's return on equity (ROE)?
Expedia Group (EXPE) has a return on equity of 100.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Expedia Group's free cash flow?
Expedia Group (EXPE) generated $3K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Expedia Group's operating cash flow?
Expedia Group (EXPE) generated $4K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Expedia Group's total assets?
Expedia Group (EXPE) had $24K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Expedia Group's capital expenditures?
Expedia Group (EXPE) invested $770 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Expedia Group buy back shares?
Yes, Expedia Group (EXPE) spent $2K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Expedia Group have outstanding?
Expedia Group (EXPE) had 117M shares outstanding as of fiscal year 2025.
What is Expedia Group's current ratio?
Expedia Group (EXPE) had a current ratio of 0.73 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Expedia Group's debt-to-equity ratio?
Expedia Group (EXPE) had a debt-to-equity ratio of 3.48 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Expedia Group's return on assets (ROA)?
Expedia Group (EXPE) had a return on assets of 5.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Expedia Group's Altman Z-Score?
Expedia Group (EXPE) has an Altman Z-Score of 674883.97, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Expedia Group's Piotroski F-Score?
Expedia Group (EXPE) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Expedia Group's earnings high quality?
Expedia Group (EXPE) has an earnings quality ratio of 3.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Expedia Group cover its interest payments?
Expedia Group (EXPE) has an interest coverage ratio of 6.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Expedia Group?
Expedia Group (EXPE) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.