— Know what they know.
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Not Investment Advice

EXPE

NASDAQ · USD
Expedia Group, Inc.
Consumer Cyclical · Travel Services
CEO Ariane Gorin Employees 16,000 R&D / revenue 8.7%
Last price
$288.95−1.00%last session
Market cap
$33.1B
P/E (TTM)
17.3x
From 52w high
−15.5%
From 52w low
+55.9%
1-year return
+36.3%
RSI 14 · vs SMA200
58.5 · +11.7%
IS score
67.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

EXPE   SPY   XLY (sector ETF) · weekly closes
100120140160Jan 26Apr 26Jul 26Oct 26EXPE 136SPY 116XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
78
Profitability
89
Growth
53
Value
92
Momentum
30
Risk (safety)
68
Quality
56
Balance sheet
52
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Net cash✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Altman distress zone
Observations
Moat model: Narrow, Intangible AssetsPiotroski 9 / 9Altman Z 1.5Beta 1.253 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
7 open-market sales, $5.2M
Form 144 notices (12m): 10, $8.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-05-06
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+25
143 new holders, 110 closed
1,127 filers hold 100.2% · 458 added, 373 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+235
1,210 funds adding shares
975 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
70.8%
20-day avg 71.5%, 50-day avg 68.2%
Latest 0.7 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$14.7B
Revenue growth YoY+7.6%
Gross margin84.1%
Operating income$2.0B
Operating margin13.4%
Net income$1.3B
Net margin8.8%
EPS (diluted)$9.81
Cash flow
Operating cash flow$3.9B
Capital expenditure$770.0M
Free cash flow$3.1B
FCF conversion (FCF / OCF)80.2%
Stock-based compensation$398.0M
FCF less SBC$2.7B
Buybacks$1.9B
Dividends$200.0M
Balance sheet & returns
Cash & short-term investments$7.3B
Total debt$6.4B
Net cash$881.0M
Shareholders' equity$2.5B
Goodwill & intangibles$7.7B
Debt / equity4.70
ROE (TTM)184.8%
ROIC (TTM)25.9%
Operating margin by fiscal year
2.2%FY20219.3%FY20228.0%FY20239.6%FY202413.6%FY2025
Revenue $8.6B (FY2021) to $14.7B (FY2025), a 14.4% CAGR.

Valuation

P/E (TTM)17.3x
EV / EBITDA8.2x
Price / sales2.11x
Price / FCF6.6x
FCF yield15.25%
Buyback yield5.83%
SBC / revenue2.0%
Price / book28.93x
Forward P/E FY202613.7x
Forward P/E FY202711.7x
Forward P/E FY202810.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $330.95 across 21 analysts last quarter is theirs, not ours.

EXPE vs industry median

44 companies in Travel Services
Gross margin 90.4% 40.8% Operating margin 18.8% 8.3% Net margin 13.0% 3.2% ROIC 25.9% 10.1%
EXPE (TTM)Industry median Asset turnover 0.54 vs industry 0.61 · financial leverage 24.04

Earnings delivery

Next report 2026-11-04 · consensus EPS $8.83
92%
beat rate, 11 of 12 quarters
+9.5%
median EPS surprise
6
longest beat streak
+5+3+251+15+1-11+14+7+9+13+39+10
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-05. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
EXPE Expedia Group, Inc. $33.1B17.3x184.8%13.0%+7.6% +36.3%
CCL Carnival Corporation & plc $34.8B11.2x24.0%22.8%+5.2% −8.2%
VIK Viking Holdings Ltd $37.2B27.5x139.8%26.8%+20.0% +38.7%
SABRP Sabre Corporation $23.6B19.4x-38.0%1.1%−4.1% —
RCL Royal Caribbean Cruises Ltd. $74.3B17.1x45.4%23.3%+8.7% −7.0%
ABNB Airbnb, Inc. $104.0B39.3x34.5%22.6%+13.6% +41.3%
BKNG Booking Holdings Inc. $122.8B18.0x-82.7%26.5%+12.9% —
NCLH Norwegian Cruise Line Holdin $6.9B9.0x36.7%8.4%+6.2% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-06-23Shareholder Vote
2026-04-23Officer/Director Change; Regulation FD; Exhibits
2026-04-10Other Events; Exhibits
2026-03-30Material Agreement; Termination of Agreement; Financial Obligation; Other Events; Exhibits
2026-02-12Results of Operations and Financial Condition; Other Events; Financial Statements and Exhibits
2025-11-12Other Events; Financial Statements and Exhibits

Context

Shares outstanding114,498,625
Free float99.2%
Institutional ownership100.2%
Beta1.25
Dividend yield0.64%
Last dividend$0.48 on 2026-08-27
50 / 200-day average$293.54 / $259.33
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where EXPE sits among 12 scored companies in Travel Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureEXPEIndustry medianIndustry percentileSector median
P/E (TTM) 16.2x 17.0x
20th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 0.40 — 0.96
Price / sales 2.1x 2.9x
36th		 1.0x
Price / book 27.4x 5.0x
100th		 2.4x
Price / tangible book —
Price / free cash flow 6.6x 12.9x
12th		 15.2x
Price / operating cash flow 6.3x 11.7x
36th		 10.2x
Enterprise value $31.6B $26.7B
55th		 $5.6B
EV / sales 2.0x 3.3x
9th		 1.4x
EV / EBITDA 8.1x 13.4x
9th		 11.4x
EV / EBIT 10.5x 17.0x
0th		 16.0x
EV / free cash flow 6.3x 18.5x
0th		 21.0x
Earnings yield 6.2% 4.7%
82nd		 4.8%
FCF yield 15.2% 5.0%
91st		 5.9%
Operating cash flow yield 15.8% 8.6%
64th		 9.3%
Graham number (per share) $60.13 $23.73
86th		 $33.39

Profitability (TTM)

MeasureEXPEIndustry medianIndustry percentileSector median
Gross margin 90.4% 45.9%
91st		 34.2%
EBITDA margin 25.0% 25.1%
45th		 11.7%
Operating margin 18.2% 16.1%
64th		 8.7%
EBIT margin 19.3% 16.9%
64th		 8.2%
Net margin 13.0% 9.7%
64th		 4.9%
NOPAT margin 13.9% 14.4%
45th		 6.8%
FCF margin 32.1% 13.0%
82nd		 6.5%
Operating cash flow margin 33.2% 22.9%
64th		 10.4%
R&D / revenue 8.2% 0.0%
91st		 0.0%
SG&A / revenue 57.8% 26.2%
91st		 17.2%
Stock comp / revenue 2.0% 1.3%
73rd		 0.6%
Effective tax rate 23.6% 21.7%
64th		 22.4%

Returns on capital

MeasureEXPEIndustry medianIndustry percentileSector median
ROE (on average equity) 199.1% 35.6%
100th		 12.8%
ROA 7.3% 5.1%
64th		 4.4%
ROIC -937.4% 9.2%
0th		 9.3%
ROCE 34.7% 12.2%
91st		 9.9%
Return on tangible assets 10.8% 8.5%
73rd		 7.4%
Cash ROIC (OCF / invested capital) —
Gross profitability (GP / assets) 48.9% 27.4%
82nd		 31.6%
ROIC, 3-yr average —
ROIC, 5-yr average —
ROE, 5-yr average 93.5% -0.3%
100th		 15.8%
Incremental ROIC -314.5% -35.4%
18th		 11.2%

Growth

MeasureEXPEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 12.0% 8.7%
60th		 6.0%
Revenue growth (QoQ) 25.9% 20.8%
55th		 6.6%
Revenue CAGR, 3 yr 8.6% 12.7%
22nd		 3.0%
Revenue CAGR, 5 yr 22.1% 37.4%
11th		 5.9%
Gross profit CAGR, 3 yr 10.3% 12.9%
33rd		 3.3%
Operating income CAGR, 3 yr 33.7% 25.4%
57th		 2.1%
Net income growth (TTM YoY) 82.9% 5.8%
100th		 4.7%
Net income CAGR, 3 yr 31.3% 17.4%
100th		 1.4%
EPS growth (TTM YoY) 96.3% 1.2%
100th		 7.6%
EPS CAGR, 3 yr 40.6% 9.2%
100th		 3.4%
EPS CAGR, 5 yr —
FCF growth (TTM YoY) 96.9% 13.6%
88th		 26.3%
FCF CAGR, 3 yr 29.5% 12.3%
80th		 6.5%
Operating cash flow CAGR, 3 yr 18.6% 18.6%
50th		 6.7%
Book value CAGR, 3 yr -5.5% 23.7%
0th		 8.1%
Dividend CAGR, 3 yr 37.0% — 3.2%
Sustainable growth rate 178.2% 35.6%
100th		 12.2%

Margin history & stability

MeasureEXPEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 89.6% 47.7%
90th		 34.9%
Operating margin, 3-yr average 12.0% 15.4%
20th		 8.0%
Net margin, 3-yr average 9.0% 9.3%
30th		 4.8%
FCF margin, 3-yr average 21.8% 13.1%
80th		 5.7%
Revenue stability (0-1) 0.92 0.92
50th		 0.80
Earnings stability (0-1) 0.81 0.83
40th		 0.43
Margin stability (0-1) 0.94 0.92
60th		 0.92

Liquidity (latest quarter)

MeasureEXPEIndustry medianIndustry percentileSector median
Cash & short-term investments $7.1B $859.1M
82nd		 $278.1M
Net cash (− = net debt) $1.4B −$1.6B
91st		 −$1.2B
Working capital −$4.1B −$141,500
27th		 $298.0M
Current ratio 0.80 0.97
27th		 1.49
Quick ratio 0.80 0.97
36th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.35 0.48
45th		 0.31
Defensive interval (days) 417 days 421 days
45th		 290 days

Leverage & solvency (latest quarter)

MeasureEXPEIndustry medianIndustry percentileSector median
Total debt $5.7B $5.7B
45th		 $1.8B
Debt / equity 4.70 2.04
86th		 1.04
Net debt / equity −1.19 0.86
14th		 0.78
Debt / assets 19.6% 51.0%
9th		 39.7%
Debt / capital 82.5% 66.8%
86th		 51.0%
Debt / EBITDA 1.45 3.36
9th		 3.26
Net debt / EBITDA −0.37 2.43
9th		 2.42
Interest coverage (EBIT / interest) 8.5x 4.3x
82nd		 5.1x
Cash interest coverage 14.7x 6.2x
91st		 6.0x
Debt payback (years of OCF) 1.1 yrs 3.6 yrs
9th		 3.8 yrs
Liabilities / assets 91.5% 88.6%
64th		 68.1%
IS credit model rating A- — —
Implied credit spread (bps) 175 438
18th		 275

Efficiency

MeasureEXPEIndustry medianIndustry percentileSector median
Asset turnover 0.56 0.55
64th		 1.00
Fixed asset turnover 5.80 1.65
60th		 3.73
Inventory turnover —
Receivables turnover 2.9 25.0
0th		 19.9
Days sales outstanding 125 days 12 days
100th		 18 days
Days inventory outstanding —
Days payables outstanding 867 days 26 days
100th		 42 days
Cash conversion cycle (days) −743 days −11 days
0th		 44 days
Capex / revenue 1.1% 6.6%
0th		 3.1%
Capex / depreciation 0.19 1.27
0th		 0.89
Operating expense ratio 66.8% 35.2%
91st		 24.8%

Cash flow & earnings quality

MeasureEXPEIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.56 2.17
60th		 1.76
FCF / net income 2.48 1.32
70th		 1.18
FCF / operating cash flow 96.7% 57.6%
90th		 70.1%
Capex / operating cash flow 3.3% 42.4%
10th		 29.9%
Accruals ratio -11.3% -7.5%
9th		 -5.7%
Sloan accruals ratio -0.3% -1.4%
55th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
0th		 0.75

Dividends & buybacks

MeasureEXPEIndustry medianIndustry percentileSector median
Dividend yield 0.6% 0.0%
64th		 0.8%
Dividend per share (TTM) $1.84 $0.00
82nd		 $0.40
Payout ratio (dividends / net income) 10.5% 0.0%
60th		 17.8%
Dividends / FCF 4.2% 0.0%
62nd		 11.6%
Dividend growth (YoY) 125.1% -31.7%
100th		 4.8%
Buyback yield 5.8% 2.9%
80th		 1.6%
Shareholder yield (dividends + buybacks) 6.4% 3.4%
80th		 3.7%
Share count change (YoY) -6.8% -2.4%
20th		 -0.9%
Buybacks, last 5 years $9.7B $584.8M
82nd		 $198.3M

Scores & forensic checks

MeasureEXPEIndustry medianIndustry percentileSector median
IS score 67 52
73rd		 50
IS profitability 78 62
64th		 38
IS growth 89 54
100th		 53
IS value 53 42
73rd		 50
IS momentum 92 80
80th		 72
IS risk (safety) 30 40
27th		 65
IS quality 68 68
55th		 63
IS balance sheet 56 45
64th		 48
IS earnings quality 52 77
9th		 77
IS cash flow 94 56
100th		 56
Piotroski F-score (0-9) 9 6
100th		 6
Altman Z-score 1.5 2.0
36th		 2.8
Beneish M-score −2.82 −2.88
55th		 −2.69
Ohlson O-score −5.99 −6.02
55th		 −6.83
IS credit score 65 46
73rd		 58

Per share

MeasureEXPEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $16.45 $2.65
100th		 $2.05
Book value per share $9.77 $5.58
64th		 $14.46
Tangible book per share −$44.87 $1.45
0th		 $3.70
Revenue per share $126.86 $21.03
100th		 $46.29
FCF per share $40.76 $2.08
100th		 $2.72
Operating cash flow per share $42.15 $5.31
100th		 $4.86
Cash per share $57.59 $6.01
100th		 $3.59

Size (TTM)

MeasureEXPEIndustry medianIndustry percentileSector median
Market cap $33.1B $20.0B
55th		 $3.6B
Revenue $15.7B $8.6B
73rd		 $3.9B
EBITDA $3.9B $2.3B
73rd		 $442.3M
Net income $2.0B $1.1B
64th		 $178.6M
Free cash flow $5.0B $412.0M
91st		 $206.3M
Total assets $29.1B $18.9B
73rd		 $4.4B
Shareholders' equity $1.2B $935.8M
55th		 $957.6M
Employees 16,000 14,500
55th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-15Dzielak Robert J
Chief Legal Officer & Sec'y
 Option exercise 2,304——106,635
2026-10-15Dzielak Robert J
Chief Legal Officer & Sec'y
 Tax withholding 920$274.69$252,715105,715
2026-10-15Dzielak Robert J
Chief Legal Officer & Sec'y
 Option exercise 2,304——4,608
2026-10-01Menendez-Cambo Patricia
Director
 Award / grant 65——2,071
2026-10-01Von Furstenberg Alexander
Director
 Award / grant 3——1,568
2026-10-01Khosrowshahi Dara
Director
 Award / grant 46——2,172
2026-10-01Dubugras Henrique Vasoncelos
Director
 Award / grant 43——97
2026-10-01Clinton Chelsea
Director
 Award / grant 49——2,970
2026-08-24Dzielak Robert J
Chief Legal Officer & Sec'y
 Open-market sale 1,004$335.00$336,340104,331
2026-08-18Soliday Lance A
SVP & Chief Accounting Officer
 Open-market sale 2,810$323.65$909,45612,006
2026-08-17Dzielak Robert J
Chief Legal Officer & Sec'y
 Open-market sale 2,000$330.50$661,000105,335
2026-08-15Gorin Ariane
Director, Chief Executive Officer
 Option exercise 5,604——151,067

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2080,435—
GiftDisposed115,000—
Open-market saleDisposed717,592$5.2M
Option exerciseAcquired63101,608—
Option exerciseDisposed63101,608—
Tax withholdingDisposed1235,709$9.9M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 10 notices · 31,820 shares · $8.4M
FiledFilerShares proposedEst. proceeds
2026-08-18Lance Soliday2,810$909,456
2026-08-13Jacobson Craig A3,133$1.0M
2026-08-07Robert Dzielak6,007$1.8M
2026-05-27Robert Dzielak5,000$1.1M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 0 trades (0 purchases) · Senate 2 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-05-06John FettermanSenatePurchase$1,001 - $15,0002026-06-12
2026-05-06John Karl FettermanSenatePurchase$1,001 - $15,0002026-06-12
2025-08-26Ro KhannaHousePurchase$1,001 - $15,0002025-09-12
2024-02-13Ro KhannaHousePurchase$1,001 - $15,0002024-03-06
2023-11-03Ro KhannaHousePurchase$1,001 - $15,0002023-12-06
2023-05-23Ro KhannaHouseSale$1,001 - $15,0002023-06-12
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.10,274,676$2.6B8.97%
VANGUARD CAPITAL MANAGEMENT LLC7,477,741$1.9B6.53%
VANGUARD PORTFOLIO MANAGEMENT LLC5,809,377$1.5B5.07%
STATE STREET CORP5,672,465$1.5B4.95%
GEODE CAPITAL MANAGEMENT, LLC3,989,877$1.0B3.48%
NORGES BANK2,869,833$734.3M2.51%
Invesco Ltd.2,424,773$620.5M2.12%
JPMORGAN CHASE & CO2,230,633$591.7M1.95%
AMERIPRISE FINANCIAL INC2,169,422$555.2M1.89%
FIRST TRUST ADVISORS LP1,829,197$468.1M1.60%
ALKEON CAPITAL MANAGEMENT LLC1,825,276$467.1M1.59%
GOLDMAN SACHS GROUP INC1,742,104$445.8M1.52%
VICTORY CAPITAL MANAGEMENT INC1,698,444$434.6M1.48%
FMR LLC1,567,884$401.2M1.37%
LSV ASSET MANAGEMENT1,526,080$390.5M1.33%

Institutional ownership by quarter

2023-092026-06100.2%
% of shares held by 13F filers
2023-092026-061,127
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,127100.2%143458373110
2026-03-311,10293.2%150403406176
2025-12-311,15096.3%24140635578
2025-09-301,00397.9%17036132089
2025-06-3093197.0%144354317104
2025-03-3190298.3%136353290118
2024-12-3190096.2%19326831563
2024-09-3078696.6%10426031287
2024-06-3077498.7%91271306127
2024-03-31825102.3%12731427679
2023-12-31788102.1%16222630977
2023-09-30712108.2%8224227289

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.1%5,945,400
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%8,759,273
2025-10-30SCHEDULE 13G/AThe Vanguard Group12.8%15,194,861
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$955.5M
VTI0.04%$955.5M
VTSAX0.04%$955.5M
VSMPX0.04%$955.5M
VFFSX0.05%$792.2M
VFIAX0.05%$792.2M

Share structure

Shares outstanding114,498,625
Float113,551,501
Free float99.2%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$8.6B$11.7B$12.8B$13.7B$14.7B
Cost of revenue$1.5B$1.7B$1.6B$1.4B$2.3B
Gross profit$7.1B$10.0B$11.3B$12.2B$12.4B
R&D$1.1B$1.2B$1.4B$1.3B$1.3B
SG&A$4.9B$6.8B$7.6B$8.4B$8.1B
Operating income$186.0M$1.1B$1.0B$1.3B$2.0B
EBITDA$1.1B$1.6B$2.1B$2.6B$2.9B
Pretax income−$38.0M$538.0M$1.0B$1.5B$1.6B
Income tax−$53.0M$195.0M$330.0M$318.0M$290.0M
Net income$12.0M$352.0M$797.0M$1.2B$1.3B
EPS, diluted$-1.80$2.18$5.31$8.95$9.81
Diluted shares149.7M161.8M150.2M137.9M131.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$4.3B$4.1B$4.3B$4.5B$7.3B
Receivables$1.3B$2.1B$2.8B$3.3B$4.2B
Inventory$0$0$0$0$0
Total current assets$8.2B$8.8B$9.2B$9.8B$12.2B
PP&E, net$2.6B$2.6B$2.7B$2.7B$2.7B
Goodwill & intangibles$8.6B$8.4B$7.9B$7.7B$7.7B
Total assets$21.5B$21.6B$21.6B$22.4B$24.5B
Accounts payable$2.0B$2.7B$3.1B$3.1B$3.3B
Total current liabilities$9.4B$10.8B$11.8B$13.6B$16.7B
Long-term debt$7.7B$6.2B$6.3B$5.2B$4.7B
Total liabilities$18.0B$17.8B$18.9B$19.6B$21.9B
Shareholders' equity$3.6B$3.7B$2.8B$2.8B$2.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$15.0M$343.0M$797.0M$1.2B$1.3B
Depreciation & amortization$814.0M$792.0M$807.0M$838.0M$887.0M
Stock-based compensation$418.0M$374.0M$413.0M$458.0M$398.0M
Change in working capital$2.6B$1.3B$271.0M$419.0M$1.2B
Operating cash flow$3.7B$3.4B$2.7B$3.1B$3.9B
Capital expenditure−$673.0M−$662.0M−$846.0M−$756.0M−$770.0M
Free cash flow$3.1B$2.8B$1.8B$2.3B$3.1B
Investing cash flow−$931.0M−$580.0M−$800.0M−$1.3B−$531.0M
Net debt issued / repaid$258.0M−$2.1B$0$0−$59.0M
Buybacks−$165.0M−$607.0M−$2.1B−$1.8B−$1.9B
Dividends paid−$67.0M$0$0$0−$200.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin82.3%85.8%87.7%89.5%90.1%
Operating margin2.2%9.3%8.0%9.6%13.6%
Net margin0.1%3.0%6.2%9.0%8.8%
FCF margin35.8%23.8%14.4%21.1%25.1%
ROE0.5%16.2%41.8%79.8%91.1%
ROIC2.2%14.7%18.1%29.0%248.8%
ROA0.1%1.6%3.7%5.6%5.5%
Debt / equity4.282.874.284.195.19
Interest coverage0.9x2.9x5.2x7.3x6.3x
Current ratio0.870.820.780.720.73
Revenue growth+65.4%+35.7%+10.0%+6.6%+7.6%
EPS growth+100.4%+2,877.2%+150.0%+62.2%+12.8%
P/E at year end2,433.4x39.6x27.5x20.8x28.1x
EV / EBITDA at year end29.9x10.2x11.7x10.5x12.9x
FCF yield at year end10.53%19.92%8.43%11.29%10.17%
Dividend payout558.3%19.0%0.0%0.0%15.5%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Lodging$6.4B$8.9B$10.3B$10.9B$11.8B
Advertising and Media Customers$603.0M$777.0M$821.0M$954.0M—
Air$254.0M$362.0M$410.0M$428.0M$407.0M

Revenue by region · FY2025

UNITED STATES$8.7B · 100%

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $8.83 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$16.2B$16.1B – $16.3B$21.02$19.01 – $22.592013.7x
2027$17.4B$17.2B – $17.6B$24.68$21.26 – $27.552211.7x
2028$18.6B$17.9B – $20.0B$28.49$22.28 – $36.001710.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-05$5.22$5.76+10.3%$4.2B$4.3B+3.4%
2026-05-07$1.41$1.96+39.0%$3.4B$3.4B+2.2%
2026-02-12$3.35$3.78+12.8%$3.4B$3.5B+3.8%
2025-11-06$6.97$7.57+8.6%$4.3B$4.4B+3.0%
2025-08-07$3.97$4.24+6.8%$3.7B$3.8B+2.1%
2025-05-08$0.35$0.40+13.6%$3.0B$3.0B−0.8%
2025-02-06$2.06$1.84−10.7%$3.1B$3.2B+3.7%
2024-11-07$6.07$6.13+1.0%$4.1B$4.1B−1.3%
2024-08-08$3.06$3.51+14.7%$3.5B$3.6B+0.7%
2024-05-02$-0.14$0.21+250.9%$2.8B$2.9B+3.0%
2024-02-08$1.67$1.72+3.0%$2.9B$2.9B+0.4%
2023-11-02$5.15$5.41+5.0%$3.9B$3.9B+1.8%
2023-08-03$2.32$2.89+24.6%$3.4B$3.4B−0.3%
2023-05-04$-0.04$-0.20−396.3%$2.7B$2.7B−0.0%
2023-02-09$1.67$1.26−24.6%$2.7B$2.6B−3.1%
2022-11-03$3.89$4.05+4.1%$3.6B$3.6B+0.8%
2022-08-04$1.57$1.96+24.8%$3.0B$3.2B+6.5%
2022-05-02$-0.27$-0.48−77.8%$2.2B$2.2B+0.1%
2022-02-10$0.97$1.06+9.3%$2.3B$2.3B−0.6%
2021-11-04$1.63$3.53+116.6%$2.8B$3.0B+6.5%
2021-08-05$-0.76$-1.13−48.7%$2.1B$2.1B0.0%
2021-05-06$-2.52$-2.02+19.8%$1.1B$1.2B+12.2%
2021-02-11$-1.93$-2.64−36.8%$1.1B$920.0M−18.3%
2020-11-04$-0.92$-0.22+76.1%$5.4B$1.5B−72.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.406-150.706-220.406-290.507-060.507-130.407-200.807-271.008-030.608-100.508-170.608-240.808-31
Week ofNotionalSharesTrades
2026-08-31$792.3M2,579,68371,324
2026-08-24$617.7M1,861,95061,986
2026-08-17$500.1M1,539,92155,607
2026-08-10$572.9M1,781,21660,694
2026-08-03$1.0B3,337,60683,284
2026-07-27$772.3M2,633,31977,573

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1570.8%
DateShort shareShort volumeTotal volume
2026-10-1570.8%760,0211,073,031
2026-10-1461.0%279,408458,354
2026-10-1372.5%358,494494,612
2026-10-1267.4%316,064469,188
2026-10-0963.2%331,070524,129
2026-10-0861.7%554,708899,250
2026-10-0775.7%441,961583,690
2026-10-0679.8%644,183807,644
2026-10-0562.3%363,613583,571
2026-10-0270.2%462,157657,888
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.0Jan-1.0Feb+1.0Mar+6.0Apr-0.3May+0.3Jun+4.7Jul+2.4Aug+1.3Sep-0.1Oct+4.9Nov+7.7Dec
MonthAvg returnUp yearsYears
Jan−1.0%50%20
Feb−1.0%50%20
Mar+1.0%57%21
Apr+6.0%65%20
May−0.3%55%20
Jun+0.3%65%20
Jul+4.7%65%20
Aug+2.4%40%20
Sep+1.3%60%20
Oct−0.1%60%20
Nov+4.9%65%20
Dec+7.7%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.5
MFI66.1
ADX29.4
Stochastic %K / %D85.6 / 82.2
Williams %R-21.3
CCI193
TSI / signal-4.9 / -16.5
Chaikin money flow0.02
ATR$11.41
Bollinger width14.2%
Volume vs 20-day avg1.05x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$269.46 (+7.2%)
SMA 50$293.06 (−1.4%)
SMA 200$258.67 (+11.7%)
EMA 21$275.74 (+4.8%)
EMA 50$280.16 (+3.1%)
EMA 200$260.80 (+10.8%)
Bollinger upper$288.60 (+0.1%)
Bollinger lower$250.31 (+15.4%)
Parabolic SAR$262.79 (+10.0%)
Open the live chart, 110+ indicators

About Expedia Group, Inc.

Expedia Group, Inc. operates as a leading online travel company, serving customers both within the United States and across international markets. The enterprise structures its extensive operations into three primary divisions: Retail, Business-to-Business (B2B), and Trivago. Its comprehensive brand portfolio caters to diverse travel needs. Key retail brands include Brand Expedia, a full-service online travel platform offering localized websites; Hotels.com, specializing in the marketing and distribution of lodging accommodations; and Vrbo, an online marketplace dedicated to alternative accommodation options. Other prominent travel booking websites under its umbrella are Orbitz, Travelocity, and CheapTickets. For the EMEA region, ebookers functions as an online travel agent, presenting travelers with a broad spectrum of choices, while Hotwire provides various travel booking services. Complementing these are CarRentals.com, an online car rental booking service; Classic Vacations, a specialist in luxury travel experiences; and Expedia Cruise, which guides travelers in booking cruises. In the B2B sphere, Expedia Partner Solutions offers travel and non-travel vertical services to a wide array of clients, including corporate travel management firms, airlines, travel agents, online retailers, and financial institutions. Egencia, another key brand, focuses specifically on delivering corporate travel management services. Further extending its reach, the portfolio also features Trivago, a hotel metasearch website that refers users to online travel companies and service providers, alongside Expedia Group Media Solutions. The company also provides online travel services through several regional brands like Wotif.com, lastminute.com.au, travel.com.au, Wotif.co.nz, and lastminute.co.nz. Beyond brand-specific offerings, Expedia Group, Inc. delivers loyalty programs, a wide array of hotel and alternative accommodation choices, and advertising and media services. Serving both individual leisure travelers and corporate clients, the company was initially founded as Expedia, Inc. in 1996. It subsequently rebranded to Expedia Group, Inc. in March 2018, and its headquarters are located in Seattle, Washington.

https://www.expediagroup.com

Key executives

NameTitlePayBorn
Derek AndersenChief Financial Officer$3.2M1979
Eric HartChief Strategy, Business & Corporate Development Officer$2.1M—
Ariane GorinChief Executive Officer & Director$1.9M1974
Barry DillerExecutive Chairman of the Board & Senior Executive$1.1M1942
Robert John DzielakChief Legal & People Officer and Corporate Secretary$964,0041971
Lance A. SolidaySenior Vice President & Chief Accounting Officer$505,5581973
Ramana ThumuChief Technology Officer——
Rob BevegniVice President of Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Ariane Gorin Chief Executive Officer2025$1.3M$15.7M$0$17.6M
Scott Schenkel Chief Financial Officer2025$1.0M$6.6M$0$9.8M
Robert Dzielak Chief Legal & People Officer, and Secretary2025$953,654$7.4M$0$8.3M
Barry Diller Chairman and Senior Executive2025$466,788$4.5M$0$5.6M
Julie Whalen Former Chief Financial Officer (through February 7, 2025)2025$124,231$0$0$1.7M
Lance Soliday Senior Vice President and Chief Accounting Officer2025$496,015$767,900$0$1.3M

Employees

24k201825k201919k202015k202116k202217k202316k202416k2025

Dividends

Ex-dateAmountPaid
2026-08-27$0.482026-09-17
2026-05-28$0.482026-06-18
2026-03-05$0.482026-03-26
2025-11-19$0.42025-12-11
2025-08-28$0.42025-09-18
2025-05-29$0.42025-06-18
2025-03-06$0.42025-03-27
2020-03-09$0.342020-03-26

Moat model

Narrow · Intangible Assets · 2026-06-30
Cost advantage43
Intangibles80
Switching costs41
Network effect70
Efficient scale63
Our component scores (0-100) and overall 58.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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