Expedia Group, Inc.EXPE
Expedia Group, Inc. Financial Overview 2021–2025
Updated Aug 15, 2026Expedia Group's business-to-business segment surged 18% to reach $4.8 billion in FY2025, proving the platform is now a vital infrastructure provider for the broader travel industry rather than just a consumer storefront. This structural pivot toward high-margin enterprise partnerships, paired with ruthless operational discipline, has fundamentally transformed the company's profitability profile. Underscoring this massive financial turnaround, earnings per share swung from a -$1.80 loss in FY2021 to a positive $9.81 in FY2025.
While the core consumer business still provides a massive foundation—with lodging revenue growing 7% to $11.8 billion in FY2025—efficiency and capital allocation are aggressively driving the bottom line. Management repurchased stock heavily, shrinking the outstanding share count from 0.15 billion in FY2021 to 0.12 billion by the end of FY2025. This operational momentum accelerated into FY2026, highlighted by a 65% year-over-year jump in Q2 2026 operating income to $800 million alongside a reinstated quarterly dividend.
The market has rewarded this dual engine of enterprise growth and consistent capital return. Supported by $5.7 billion in liquidity at year-end, Expedia traded at 28.9x earnings at the close of FY2025. At that time, the market valued the travel giant at a $33.1 billion market cap, corresponding to a stock price of $283.31.
Recent Developments (Q1 and Q2 2026)
Top-line momentum accelerated through the first half of the year, with total revenue expanding 14% year-over-year to $4.32 billion in Q2 2026. This strength was bolstered by an 83% surge in Q1 2026 Adjusted EBITDA to $542 million and a 48% jump in trivago advertising revenue during the second quarter. The company concurrently revamped its leadership and capital structure, appointing Derek Andersen as Chief Financial Officer in May 2026 while issuing $1 billion in senior notes and securing a $2.5 billion revolving credit facility.
Bulls argue that the newly authorized $5 billion share repurchase program and Q2 2026 diluted EPS of $7.16 point to sustainable cash generation. Bears counter that at 31.3x earnings as of the August 6, 2026 reporting date, the stock leaves little room for error in a competitive travel market.
What to watch: capital allocation execution under the new leadership; sustainability of lodging volume amid higher ADRs.
Rev
$14.73B
FY2025
NI
$1.30B
FY2025
EPS
$10.32
FY2025
OCF
$3.88B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All EXPE Financial Metrics(62)
Income Statement
Balance Sheet
- Cash & ST Investments
- Total Assets
- Current Assets
- Cash
- Short-Term Investments
- Receivables
- Prepaid & Other
- PP&E
- Goodwill
- Intangibles
- Other Non-current
- Total Liabilities
- Current Liabilities
- Accounts Payable
- Accrued Liabilities
- Short-Term Debt
- Deferred Revenue
- Long-Term Debt
- Other Non-current Liab.
- Equity
- Retained Earnings
- Accumulated OCI
- APIC
- Treasury Stock
- NCI
- Total L&E
- Shares Outstanding
Cash Flow
Recent SEC Filings
Expedia Group, Inc. 8-K Report, Financial Results (Aug 5, 2026)
Expedia Group, Inc. (EXPE) has filed an 8-K report on August 5, 2026, detailing its financial results for the second quarter ended June 30, 2026. The company has released its financial performance through a press release and an accompanying earnings presentation, both of which are furnished as exhibits to this filing. These documents provide investors with key operational and financial metrics, as well as forward-looking insights into the company's business outlook. Investors are encouraged to review these furnished materials for a comprehensive understanding of Expedia Group's recent performance and strategic direction. In addition to financial results, Expedia Group announced the declaration of a quarterly cash dividend of $0.48 per share, payable on September 17, 2026, to stockholders of record as of August 27, 2026. This dividend declaration signals a continued commitment to returning value to shareholders, a factor often closely watched by investors. The information provided in this 8-K, while not formally "filed" for certain regulatory purposes, offers timely updates on the company's financial health and shareholder return policies.
Expedia Group, Inc. 8-K Report, Shareholder Vote Results (Jun 23, 2026)
Expedia Group, Inc. (EXPE) filed an 8-K on June 23, 2026, reporting the results of its 2026 Annual Meeting of Stockholders held on June 17, 2026. The meeting addressed the election of directors, an advisory vote on executive compensation, and the ratification of the independent registered public accounting firm. A substantial majority of votes cast were in favor of all three proposals, indicating general stockholder confidence in the company's governance and financial oversight. Key outcomes include the successful election of all 11 director nominees, with varying levels of support across different director classes. The advisory vote on executive compensation also passed with strong approval, suggesting alignment between shareholder sentiment and the company's compensation practices. Furthermore, the appointment of Ernst & Young LLP as the independent auditor for fiscal year 2026 was ratified by a significant margin. The report confirms a quorum was met with a high percentage of outstanding shares represented.
Expedia Group, Inc. 8-K Report, Financial Results (May 7, 2026)
Expedia Group, Inc. (EXPE) has filed an 8-K report on May 7, 2026, primarily to announce its first-quarter 2026 financial results via a press release. While the press release itself is furnished and not deemed 'filed' for liability purposes, it contains the core financial performance data investors will be interested in. In addition to the financial results, the report also discloses a significant capital allocation decision: the declaration of a quarterly cash dividend of $0.48 per share. This dividend is payable on June 18, 2026, to shareholders of record as of May 28, 2026. This action signals continued confidence in the company's financial health and commitment to returning value to shareholders.
Expedia Group, Inc. 8-K Report, Executive Changes (Apr 23, 2026)
Expedia Group, Inc. (EXPE) has announced a leadership change in its finance department via an 8-K filing dated April 23, 2026. Effective May 11, 2026, Scott Schenkel will be stepping down as Chief Financial Officer (CFO). The company has concurrently appointed Derek Andersen as the new CFO, succeeding Mr. Schenkel. This transition is described as amicable, with no disagreements reported regarding the company's operations or accounting practices. Mr. Andersen brings a wealth of financial experience to Expedia, most recently serving as CFO of Snap Inc. and previously holding finance leadership roles at Amazon and Fox Interactive Media. His compensation package includes a substantial base salary, a significant signing bonus, and a large initial equity award, reflecting the importance of this executive hire. The company has also outlined terms for relocation assistance and severance benefits for Mr. Andersen, as well as restrictive covenants related to competition and solicitation post-employment. Investors should monitor the integration of the new CFO and his impact on the company's financial strategy.
Expedia Group, Inc. 8-K Report, Corporate Update (Apr 10, 2026)
Expedia Group, Inc. (EXPE) announced the successful completion of a notes offering on April 10, 2026. The company issued $1,000,000,000 in aggregate principal amount of 5.500% Senior Notes due 2036. Following underwriting discounts and offering expenses, Expedia realized net proceeds of approximately $986 million. These proceeds are earmarked for general corporate purposes, including debt repayment, dividends, stock repurchases, working capital, capital expenditures, and potential acquisitions. The new notes are senior unsecured obligations, ranking equally with existing and future unsecured and unsubordinated debt. They carry a semi-annual interest payment schedule, with a maturity date of April 15, 2036. The issuance was made under an established indenture framework and was facilitated by an Underwriting Agreement with BofA Securities, Inc. and Citigroup Global Markets Inc.
View all 8-K filings →