FirmAtlas
Company handbook · EXPE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
EXPE · CIK 1324424 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
EXPEDIA GROUP, INC.
$288.95
−2.92 (−1.00%)
Close, Oct 16, 2026 · 52-week $185–342
Last fiscal year
EXPEDIA GROUP, INC. reported revenue of $14.7B for the year ended Dec 31, 2025 (FY25), up 7.6% from FY24. Net income was $1.3B, operating cash flow $3.9B and free cash flow $3.1B. Source: 10-K filed Feb 13, 2026.
Market cap
$33.8B
P/E
16.6
EV/EBITDA
12.5x
P/B
28.0
Div yield
0.64%
ROIC
63.3%
Revenue 1Y
7.6%/yr
EPS 1Y
9.6%/yr
Shares 1Y
−5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
HQSeattle, WA
AuditorErnst & Young LLP
Employees16,000
Year endsDecember
Revenue by segment · FY25
Retail63%
Business To Business32%
Trivago4%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
9.1%
10.9%
42.6%
35.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$5.5B deployed
Capex
$1.5B
27.8%
Dividends
$200M
3.6%
Buybacks
$3.8B
68.6%
Operating cash flow over the period: $7.0B. Total debt changed by +$544M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
13,691
14,733+7.6%
15,700
YoY
+7.6%
Operating income
1,319
1,871+41.8%
2,507
Operating margin
9.6%
12.7%+3.1 pp
—
EBITDA
2,157
2,758+27.9%
—
EBITDA margin
15.8%
18.7%+3.0 pp
—
Interest expense
246
299+21.5%
—
Interest coverage
8.77x
9.22x+0.46x
—
Net income
1,234
1,294+4.9%
2,036
YoY
+4.9%
Net margin
9.0%
8.8%−0.2 pp
—
EPS (diluted, $)
8.95
9.81+9.6%
16.19
YoY
+9.6%
Balance sheet
Total assets
22,388
24,452+9.2%
29,061
Cash & short-term investments
5,874
7,296+24.2%
—
Accounts receivable
3,213
4,166+29.7%
—
Net PP&E
2,413
2,447+1.4%
—
Other assets
10,888
10,543−3.2%
—
Total liabilities
20,831
23,168+11.2%
27,852
Total debt
7,309
7,853+7.4%
5,459
Other liabilities
13,522
15,315+13.3%
—
Shareholders’ equity
1,557
1,284−17.5%
1,209
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,085
3,880+25.8%
5,216
Net income
1,224
1,301+6.3%
—
Depreciation & amortization
838
887+5.8%
—
Stock-based compensation
458
398−13.1%
—
Working capital & other
565
1,294+129.0%
—
Cash from investing
(1,262)
(531)n/m
—
Capex
(756)
(770)n/m
—
Investments bought
(549)
(628)n/m
—
Investments sold / matured
78
747+857.7%
—
Other investing
(35)
120n/m
—
Cash from financing
(1,745)
(2,136)n/m
—
Debt raised
0
985n/m
—
Debt repaid
0
(1,044)n/m
—
Dividends
0
(200)n/m
—
Buybacks
(1,839)
(1,930)n/m
—
Shares issued
67
12−82.1%
—
Other financing
27
41+51.9%
—
Net change in cash
(87)
1,402n/m
—
Free cash flow (OCF − capex)
2,329
3,110+33.5%
4,459
Where the cash went
Operating cash flow
3,085
3,880+25.8%
5,216
Reinvested in the business
756
770+1.9%
—
% of operating cash flow
24.5%
19.8%
Capex
756
770+1.9%
757
Free cash flow
2,329
3,110+33.5%
4,459
YoY
+33.5%
Returned to shareholders
1,839
2,130+15.8%
—
% of free cash flow
79.0%
68.5%
Dividends
0
200n/m
—
Buybacks
1,839
1,930+4.9%
—
Change in total debt
—
544
—
Cash left over
—
1,524
—
FCF conversion (FCF ÷ net income)
188.7%
240.3%+51.6 pp
—
Owner earnings
—
458
—
Owner earnings margin
—
3.1%
—
Buyback yield
8.0%
5.8%−2.2 pp
—
Returns & ratios
ROIC (all capital)
35.0%
63.3%+28.3 pp
—
ROIC (operating)
18.6%
25.0%+6.4 pp
—
Net debt / EBITDA
0.67x
0.20x−0.46x
—
Debt / equity
4.69x
6.12x+1.42x
—
ROE
79.3%
100.8%+21.5 pp
—
ROA
5.5%
5.3%−0.2 pp
—
ROCE
15.0%
24.0%+9.0 pp
—
NOPAT
1,047
1,530+46.1%
—
Invested capital (operating)
5,626
6,613+17.5%
—
Invested capital (all)
2,992
1,841−38.5%
—
Reinvestment rate
—
64.5%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
4,412
3,547
3,426
4,315
vs year-ago quarter
Operating income
1,036
420
251
800
Net income
959
205
(6)
878
vs year-ago quarter
Net margin
21.7%
5.8%
−0.2%
20.3%
EPS (diluted, $)
7.33
1.75
−0.05
7.16
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
25,108
24,452
26,459
29,061
Cash & equivalents
7,262
7,296
7,789
9,084
Total debt
7,964
7,853
4,470
5,459
Shareholders’ equity
1,337
1,284
576
1,209
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
(497)
304
3,931
1,478
Capex
189
185
184
199
Free cash flow
(686)
119
3,747
1,279
vs year-ago quarter