Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Expedia Group delivered strong FY2025 results with revenue growing 7.6% to $14.7B and operating income surging 41.8% to $1.87B, driven by improved operating leverage and robust travel demand, while generating $3.88B in operating cash flow.
Revenue
$14.73B
+7.61% YoY
EPS (Diluted)
$9.81
+9.61% YoY
Operating Income
$1.87B
+41.85% YoY
Source: SEC XBRL
Expedia Group (EXPE) reported FY2025 revenue of $14.73B, up 7.6% year over year. Operating margin was 12.7%, up 3.1 points from 9.6% a year earlier. Operating cash flow was $3.88B, up 25.8% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 5.76 | 5.34 | Beat +7.9% |
| Mar 2026 | 1.95 | 1.38 | Beat +40.9% |
| Dec 2025This filing | 3.78 | 3.42 | Beat +10.4% |
| Sep 2025 | 7.57 | 7.06 | Beat +7.3% |
Reported EPS of $3.78 versus the $3.42 analyst consensus — a +10.4% beat for Dec 2025.
Compiled by AI from this SEC filing
Expedia Group grew total revenue 7.6% year-over-year to $14.73B in FY2025, up from $13.69B in the prior year, reflecting continued strength in consumer and business travel demand across its portfolio of brands.
Source: 10-K Income Statement
Operating margin expanded approximately 310 basis points to 12.7% in FY2025 from 9.6% in the prior year, with operating income jumping 41.8% to $1.87B, indicating meaningful improvement in cost efficiency and operating leverage.
Source: 10-K Income Statement & Key Ratios
Operating cash flow increased 25.8% to $3.88B, and the company returned approximately $1.93B to shareholders through share repurchases, reflecting management's confidence in the business and commitment to capital return.
Source: 10-K Cash Flow Statement
Cash and equivalents grew 29.4% to $5.41B at fiscal year-end, providing significant liquidity headroom despite the company carrying $6.16B in long-term debt.
Source: 10-K Balance Sheet
Basic EPS rose 9.9% to $10.32 and diluted EPS increased 9.6% to $9.81, outpacing net income growth of 5.7% as share repurchases reduced the diluted share count, amplifying per-share earnings improvement.
Source: 10-K Income Statement
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Expedia's current liabilities of $16.66B significantly exceed current assets of $12.20B, resulting in a current ratio of only 0.73. This structural negative working capital, common in OTA business models due to merchant payables, nonetheless represents a liquidity risk if travel booking volumes decline sharply or credit conditions tighten.
Source: 10-K Balance Sheet
Stockholders' equity fell 17.5% year-over-year to $1.28B, driven in part by aggressive share repurchases of $1.93B that reduce book value. While ROE appears elevated at ~101%, this is partly a mathematical artifact of a shrinking equity base rather than purely operational outperformance.
Source: 10-K Balance Sheet & Key Ratios
The company carries $6.16B in long-term debt, which, while slightly reduced from $6.27B in the prior year, remains substantial relative to stockholders' equity of $1.28B. Rising interest rates or a deterioration in operating cash flows could pressure debt servicing capacity.
Source: 10-K Balance Sheet
Expedia's revenues are entirely dependent on consumer and business travel spending, which is highly sensitive to macroeconomic downturns, geopolitical events, pandemics, or other disruptions. A meaningful slowdown in travel demand could rapidly erode revenue and profitability given the company's largely fixed cost base.
Source: 10-K Income Statement
Expedia faces intense competition from Booking Holdings, Airbnb, Google Travel, and direct hotel/airline booking channels. Any shift in consumer behavior toward direct booking or AI-driven travel search tools could reduce traffic and booking volumes on Expedia's platforms, pressuring revenue growth.
Source: 10-K Filing Context
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 14.73 $B | 13.69 $B | +7.61% |
Operating Income $B | 1.87 $B | 1.32 $B | +41.85% |
Net Income $B | 1.29 $B | 1.22 $B | +5.72% |
EPS (Basic) $ | 10.32 $ | 9.39 $ | +9.90% |
EPS (Diluted) $ | 9.81 $ | 8.95 $ | +9.61% |
Answers draw on this SEC filing and the data on this page
Expedia Group's Q2 FY2026 results were marked by strong B2B and trivago segment growth, partially offsetting slower B2C expansion.
Expedia Group delivered strong Q1 2026 results with revenue surging 14.7% YoY to $3.43B and operating income swinging to a $251M profit from a $70M loss, though net income remained slightly negative at -$6M due to below-the-line charges.
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