E

EXPEDIA GROUP, INC.

EXPE · CIK 0001324424

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$14.73B7.6%
FY2025
Net income (FY)
$1.29B4.9%
FY2025
Free cash flow (FY)
$3.11B33.5%
FY2025
Diluted EPS (FY)
$9.819.6%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2008 · Revenue $2.94B · Net income −$2.52B · 0001193125-11-030900 · filed 2011-02-11FY08Revenue $2.94BNet income −$2.52B0001193125-11-030900 · filed 2011-02-11FY2009 · Revenue $2.74B · Net income $299.5M · 0001193125-12-050009 · filed 2012-02-10FY09Revenue $2.74BNet income $299.5M0001193125-12-050009 · filed 2012-02-10FY2010 · Revenue $3.03B · Net income $421.5M · 0001193125-13-039072 · filed 2013-02-06FY10Revenue $3.03BNet income $421.5M0001193125-13-039072 · filed 2013-02-06FY2011 · Revenue $3.45B · Net income $472.3M · 0001193125-14-039090 · filed 2014-02-07FY11Revenue $3.45BNet income $472.3M0001193125-14-039090 · filed 2014-02-07FY2012 · Revenue $4.03B · Net income $280.2M · 0001193125-15-035706 · filed 2015-02-06FY12Revenue $4.03BNet income $280.2M0001193125-15-035706 · filed 2015-02-06FY2013 · Revenue $4.77B · Net income $232.8M · 0001193125-16-457822 · filed 2016-02-11FY13Revenue $4.77BNet income $232.8M0001193125-16-457822 · filed 2016-02-11FY2014 · Revenue $5.76B · Net income $398.1M · 0001324424-17-000006 · filed 2017-02-10FY14Revenue $5.76BNet income $398.1M0001324424-17-000006 · filed 2017-02-10FY2015 · Revenue $6.67B · Net income $764.5M · 0001324424-18-000006 · filed 2018-02-09FY15Revenue $6.67BNet income $764.5M0001324424-18-000006 · filed 2018-02-09FY2016 · Revenue $8.77B · Net income $282.0M · 0001324424-18-000006 · filed 2018-02-09 · 0001324424-19-000006 · filed 2019-02-08FY16Revenue $8.77BNet income $282.0M0001324424-18-000006 · filed 2018-02-09 · 0001324424-19-000006 · filed 2019-02-08FY2017 · Revenue $10.06B · Net income $378.0M · 0001324424-20-000009 · filed 2020-02-14FY17Revenue $10.06BNet income $378.0M0001324424-20-000009 · filed 2020-02-14FY2018 · Revenue $11.22B · Net income $406.0M · 0001324424-21-000015 · filed 2021-02-12FY18Revenue $11.22BNet income $406.0M0001324424-21-000015 · filed 2021-02-12FY2019 · Revenue $12.07B · Net income $565.0M · 0001324424-22-000009 · filed 2022-02-11FY19Revenue $12.07BNet income $565.0M0001324424-22-000009 · filed 2022-02-11FY2020 · Revenue $5.20B · Net income −$2.61B · 0001324424-23-000007 · filed 2023-02-10FY20Revenue $5.20BNet income −$2.61B0001324424-23-000007 · filed 2023-02-10FY2021 · Revenue $8.60B · Net income $12.0M · 0001324424-24-000007 · filed 2024-02-09FY21Revenue $8.60BNet income $12.0M0001324424-24-000007 · filed 2024-02-09FY2022 · Revenue $11.67B · Net income $352.0M · 0001324424-25-000008 · filed 2025-02-07FY22Revenue $11.67BNet income $352.0M0001324424-25-000008 · filed 2025-02-07FY2023 · Revenue $12.84B · Net income $797.0M · 0001324424-26-000008 · filed 2026-02-13FY23Revenue $12.84BNet income $797.0M0001324424-26-000008 · filed 2026-02-13FY2024 · Revenue $13.69B · Net income $1.23B · 0001324424-26-000008 · filed 2026-02-13FY24Revenue $13.69BNet income $1.23B0001324424-26-000008 · filed 2026-02-13FY2025 · Revenue $14.73B · Net income $1.29B · 0001324424-26-000008 · filed 2026-02-13FY25Revenue $14.73BNet income $1.29B0001324424-26-000008 · filed 2026-02-13FY25Revenue $14.73BNet income $1.29B0001324424-26-000008 · filed 2026-02-13FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 5.0× since FY2008 · net margin -85.7% → 8.8%

MarginsNet marginFCF margin
-50%0%FY2008 · Net margin -85.7% · FCF margin 12.3%FY08Net margin -85.7%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 10.9% · FCF margin 21.8%FY09Net margin 10.9%FCF margin 21.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 13.9% · FCF margin 21.1%FY10Net margin 13.9%FCF margin 21.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 13.7% · FCF margin 17.9%FY11Net margin 13.7%FCF margin 17.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 7.0% · FCF margin 24.8%FY12Net margin 7.0%FCF margin 24.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 4.9% · FCF margin 9.5%FY13Net margin 4.9%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 6.9% · FCF margin 18.0%FY14Net margin 6.9%FCF margin 18.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 11.5% · FCF margin 8.7%FY15Net margin 11.5%FCF margin 8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 3.2% · FCF margin 9.1%FY16Net margin 3.2%FCF margin 9.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 3.8% · FCF margin 11.3%FY17Net margin 3.8%FCF margin 11.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 3.6% · FCF margin 9.8%FY18Net margin 3.6%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 4.7% · FCF margin 13.3%FY19Net margin 4.7%FCF margin 13.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -50.2% · FCF margin -89.1%FY20Net margin -50.2%FCF margin -89.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.1% · FCF margin 35.8%FY21Net margin 0.1%FCF margin 35.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 3.0% · FCF margin 23.8%FY22Net margin 3.0%FCF margin 23.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 6.2% · FCF margin 14.4%FY23Net margin 6.2%FCF margin 14.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.0% · FCF margin 17.0%FY24Net margin 9.0%FCF margin 17.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 8.8% · FCF margin 21.1%FY25Net margin 8.8%FCF margin 21.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 8.8%FCF margin 21.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 8.8% · free cash flow 21.1% of revenue

Cash engineOperating cash flowFree cash flow
−$5B$0FY2008 · OCF $520.7M · FCF $360.9M · 0001193125-11-030900 · filed 2011-02-11FY08OCF $520.7MFCF $360.9M0001193125-11-030900 · filed 2011-02-11FY2009 · OCF $676.0M · FCF $597.2M · 0001193125-11-030900 · filed 2011-02-11FY09OCF $676.0MFCF $597.2M0001193125-11-030900 · filed 2011-02-11FY2010 · OCF $777.5M · FCF $641.1M · 0001193125-11-030900 · filed 2011-02-11FY10OCF $777.5MFCF $641.1M0001193125-11-030900 · filed 2011-02-11FY2011 · OCF $825.7M · FCF $617.9M · 0001193125-14-039090 · filed 2014-02-07FY11OCF $825.7MFCF $617.9M0001193125-14-039090 · filed 2014-02-07FY2012 · OCF $1.24B · FCF $1.00B · 0001193125-15-035706 · filed 2015-02-06FY12OCF $1.24BFCF $1.00B0001193125-15-035706 · filed 2015-02-06FY2013 · OCF $763.2M · FCF $454.6M · 0001193125-16-457822 · filed 2016-02-11FY13OCF $763.2MFCF $454.6M0001193125-16-457822 · filed 2016-02-11FY2014 · OCF $1.37B · FCF $1.04B · 0001324424-17-000006 · filed 2017-02-10FY14OCF $1.37BFCF $1.04B0001324424-17-000006 · filed 2017-02-10FY2015 · OCF $1.37B · FCF $581.0M · 0001324424-18-000006 · filed 2018-02-09FY15OCF $1.37BFCF $581.0M0001324424-18-000006 · filed 2018-02-09FY2016 · OCF $1.55B · FCF $800.0M · 0001324424-19-000006 · filed 2019-02-08FY16OCF $1.55BFCF $800.0M0001324424-19-000006 · filed 2019-02-08FY2017 · OCF $1.84B · FCF $1.14B · 0001324424-20-000009 · filed 2020-02-14FY17OCF $1.84BFCF $1.14B0001324424-20-000009 · filed 2020-02-14FY2018 · OCF $1.98B · FCF $1.10B · 0001324424-21-000015 · filed 2021-02-12FY18OCF $1.98BFCF $1.10B0001324424-21-000015 · filed 2021-02-12FY2019 · OCF $2.77B · FCF $1.61B · 0001324424-22-000009 · filed 2022-02-11FY19OCF $2.77BFCF $1.61B0001324424-22-000009 · filed 2022-02-11FY2020 · OCF −$3.83B · FCF −$4.63B · 0001324424-23-000007 · filed 2023-02-10FY20OCF −$3.83BFCF −$4.63B0001324424-23-000007 · filed 2023-02-10FY2021 · OCF $3.75B · FCF $3.08B · 0001324424-24-000007 · filed 2024-02-09FY21OCF $3.75BFCF $3.08B0001324424-24-000007 · filed 2024-02-09FY2022 · OCF $3.44B · FCF $2.78B · 0001324424-25-000008 · filed 2025-02-07FY22OCF $3.44BFCF $2.78B0001324424-25-000008 · filed 2025-02-07FY2023 · OCF $2.69B · FCF $1.84B · 0001324424-26-000008 · filed 2026-02-13FY23OCF $2.69BFCF $1.84B0001324424-26-000008 · filed 2026-02-13FY2024 · OCF $3.08B · FCF $2.33B · 0001324424-26-000008 · filed 2026-02-13FY24OCF $3.08BFCF $2.33B0001324424-26-000008 · filed 2026-02-13FY2025 · OCF $3.88B · FCF $3.11B · 0001324424-26-000008 · filed 2026-02-13FY25OCF $3.88BFCF $3.11B0001324424-26-000008 · filed 2026-02-13FY25OCF $3.88BFCF $3.11B0001324424-26-000008 · filed 2026-02-13’09’13’17’21’25

FY2025: $3.88B operating cash − $770.0M capex = $3.11B free cash flow

Returns on capitalReturn on equityReturn on assets
-100%0%100%FY2009 · ROE 11.2% · ROA 5.0%FY09ROE 11.2%ROA 5.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 15.8% · ROA 6.3%FY10ROE 15.8%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 21.5% · ROA 7.3%FY11ROE 21.5%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 12.3% · ROA 3.9%FY12ROE 12.3%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 10.9% · ROA 3.0%FY13ROE 10.9%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 22.3% · ROA 4.4%FY14ROE 22.3%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 15.7% · ROA 4.9%FY15ROE 15.7%ROA 4.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 6.8% · ROA 1.8%FY16ROE 6.8%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 8.4% · ROA 2.0%FY17ROE 8.4%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 9.9% · ROA 2.3%FY18ROE 9.9%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 14.2% · ROA 2.6%FY19ROE 14.2%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -173.0% · ROA -14.0%FY20ROE -173.0%ROA -14.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 0.6% · ROA 0.1%FY21ROE 0.6%ROA 0.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 15.4% · ROA 1.6%FY22ROE 15.4%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 52.0% · ROA 3.7%FY23ROE 52.0%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 79.3% · ROA 5.5%FY24ROE 79.3%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 100.8% · ROA 5.3%FY25ROE 100.8%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 100.8%ROA 5.3%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 11% (FY2009) → 101% (FY2025) · on assets 5.3%

The receipts