Expedia Group (EXPE) Financials

$184.99 +6.93 (+3.89%)

Closing price 04:00 PM Eastern

Extended Trading

$184.00 -0.99 (-0.54%)

As of 07:15 PM Eastern

Annual Income Statements for Expedia Group

This table shows Expedia Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	764	282	378	406	565	-2,687	-269	352	797	1,234
Consolidated Net Income / (Loss)	723	261	372	398	572	-2,728	15	343	688	1,224
Net Income / (Loss) Continuing Operations	723	261	372	398	572	-2,728	15	343	688	1,224
Total Pre-Tax Income	926	277	417	485	775	-3,151	-38	538	1,018	1,542
Total Operating Income	414	462	625	714	903	-2,719	186	1,085	1,033	1,319
Total Gross Profit	5,363	7,177	8,303	9,359	10,001	3,550	8,598	11,667	12,839	13,691
Total Revenue	6,672	8,774	10,060	11,223	12,067	5,199	8,598	11,667	12,839	13,691
Operating Revenue	6,672	8,774	10,060	11,223	12,067	5,199	8,598	11,667	12,839	13,691
Total Cost of Revenue	1,310	1,597	1,757	1,864	2,066	1,649	0.00	0.00	0.00	0.00
Total Operating Expenses	4,949	6,715	7,678	8,645	9,098	6,269	8,412	10,582	11,806	12,372
Selling, General & Admin Expense	574	678	676	774	807	589	1,779	1,929	2,129	2,119
Marketing Expense	3,381	4,367	5,298	5,721	6,060	2,527	4,221	6,100	6,863	7,627
Depreciation Expense	-	-	-	959	910	893	814	792	807	838
Amortization Expense	156	317	275	-	-	-	1,522	1,657	1,573	1,443
Other Operating Expenses / (Income)	726	1,262	1,412	1,063	1,297	1,055	1.00	23	8.00	118
Impairment Charge	7.21	35	0.00	128	0.00	974	20	81	426	147
Restructuring Charge	105	56	17	0.00	24	231	55	0.00	0.00	80
Total Other Income / (Expense), net	512	-185	-208	-229	-128	-432	-224	-547	-15	223
Interest Expense	126	173	182	190	173	360	631	228	245	246
Interest & Investment Income	17	20	34	71	59	18	9.00	60	207	235
Other Income / (Expense), net	622	-32	-60	-110	-14	-90	398	-379	23	234
Income Tax Expense	203	16	45	87	203	-423	-53	195	330	318
Net Income / (Loss) Attributable to Noncontrolling Interest	-42	-21	-6.00	-8.00	7.00	-116	3.00	-9.00	-109	-10
Basic Earnings per Share	$5.87	$1.87	$2.49	$2.71	$3.84	($19.00)	($1.80)	$2.24	$5.50	$9.39
Weighted Average Basic Shares Outstanding	130.16M	150.37M	151.62M	149.96M	147.19M	141.41M	149.73M	156.67M	144.97M	131.43M
Diluted Earnings per Share	$5.70	$1.82	$2.42	$2.65	$3.77	($19.00)	($1.80)	$2.17	$5.31	$8.95
Weighted Average Diluted Shares Outstanding	134.02M	154.52M	156.39M	152.89M	149.88M	141.41M	149.73M	161.75M	150.23M	137.92M
Weighted Average Basic & Diluted Shares Outstanding	130.20M	150.70M	151.80M	149.80M	139.99M	143.86M	155.75M	153.35M	136.29M	128.86M

This table shows Expedia Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	482	177	-145	385	425	132	-135	386	684	299
Consolidated Net Income / (Loss)	476	175	-140	387	305	136	-136	375	684	301
Net Income / (Loss) Continuing Operations	476	175	-140	387	305	136	-136	375	684	301
Total Pre-Tax Income	690	183	-61	464	444	171	-155	488	874	335
Total Operating Income	747	128	-121	443	607	104	-110	451	762	216
Total Gross Profit	3,164	3,492	2,251	3,358	3,517	3,713	2,531	3,558	4,060	3,542
Total Revenue	3,619	2,618	2,665	3,358	3,929	2,887	2,889	3,558	4,060	3,184
Operating Revenue	3,619	2,618	2,665	3,358	3,929	2,887	2,889	3,558	4,060	3,184
Total Cost of Revenue	455	-874	414	0.00	412	-826	358	0.00	0.00	-358
Total Operating Expenses	2,417	3,364	2,372	2,915	2,910	3,609	2,641	3,107	3,298	3,326
Selling, General & Admin Expense	187	1,097	184	538	194	1,213	186	511	549	873
Marketing Expense	1,669	1,376	1,674	1,770	1,856	1,563	1,836	1,990	2,052	1,749
Depreciation Expense	199	199	192	199	208	208	210	205	211	212
Other Operating Expenses / (Income)	310	-594	322	1.00	340	-655	361	21	59	-323
Restructuring Charge	-	-	0.00	0.00	0.00	-	48	18	6.00	8.00
Total Other Income / (Expense), net	-57	55	60	21	-163	67	-45	37	112	119
Interest Expense	-10	60	61	61	62	61	62	61	61	62
Interest & Investment Income	20	27	43	63	56	45	51	67	67	50
Other Income / (Expense), net	-87	88	78	19	-157	83	-34	31	106	131
Income Tax Expense	214	8.00	79	77	139	35	-19	113	190	34
Net Income / (Loss) Attributable to Noncontrolling Interest	-6.00	-2.00	5.00	2.00	-120	4.00	-1.00	-11	0.00	2.00
Basic Earnings per Share	$3.05	$1.14	($0.95)	$2.62	$2.98	$0.85	($0.99)	$2.92	$5.28	$2.18
Weighted Average Basic Shares Outstanding	157.63M	156.67M	152.48M	147.17M	142.23M	144.97M	135.50M	131.95M	129.76M	131.43M
Diluted Earnings per Share	$2.98	$1.14	($0.95)	$2.54	$2.87	$0.85	($0.99)	$2.80	$5.04	$2.10
Weighted Average Diluted Shares Outstanding	161.83M	161.75M	152.48M	151.84M	147.75M	150.23M	135.50M	137.83M	135.73M	137.92M
Weighted Average Basic & Diluted Shares Outstanding	156.09M	153.35M	148.12M	143.36M	138.85M	136.29M	132.75M	130.18M	128.35M	128.86M

This table details how cash moves in and out of Expedia Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	274	105	1,099	-73	1,392	41	1,667	46	-190	-87
Net Cash From Operating Activities	1,368	1,549	1,845	1,975	2,767	-3,834	3,748	3,440	2,690	3,085
Net Cash From Continuing Operating Activities	1,368	1,549	1,845	1,975	2,767	-3,834	3,748	3,440	2,690	3,085
Net Income / (Loss) Continuing Operations	723	261	372	398	572	-2,728	15	343	688	1,224
Consolidated Net Income / (Loss)	723	261	372	398	572	-2,728	15	343	688	1,224
Depreciation Expense	337	477	614	676	712	739	715	704	748	781
Amortization Expense	156	352	275	325	198	154	99	88	59	57
Non-Cash Adjustments To Reconcile Net Income	-351	319	48	502	185	1,391	412	957	807	451
Changes in Operating Assets and Liabilities, net	503	140	536	74	1,100	-3,390	2,507	1,348	388	572
Net Cash From Investing Activities	-2,371	-718	-1,581	-559	-1,553	-263	-931	-580	-800	-1,262
Net Cash From Continuing Investing Activities	-2,371	-718	-1,581	-559	-1,553	-263	-931	-580	-800	-1,262
Purchase of Property, Plant & Equipment	-787	-749	-710	-878	-1,160	-797	-673	-662	-846	-756
Purchase of Investments	-467	-45	-1,811	-1,803	-1,346	-685	-201	-397	-28	-549
Sale and/or Maturity of Investments	411	61	1,096	2,137	852	1,161	23	542	49	78
Other Investing Activities, net	12	16	13	38	101	79	-20	-63	25	-35
Net Cash From Financing Activities	1,404	-691	688	-1,489	175	4,077	-973	-2,624	-2,096	-1,745
Net Cash From Continuing Financing Activities	1,404	-691	688	-1,489	175	4,077	-973	-2,624	-2,096	-1,745
Repayment of Debt	14	-31	-25	-546	-19	-3,443	-1,972	-2,148	-60	-22
Repurchase of Common Equity	-61	-456	-312	-923	-743	-425	-165	-607	-2,137	-1,839
Other Financing Activities, net	-2.70	-193	-18	0.00	-400	319	503	131	101	116
Other Net Changes in Cash	-	-	147	-	3.00	-	-177	-190	16	-165
Cash Interest Paid	110	154	163	196	157	313	342	291	231	231
Cash Income Taxes Paid	97	124	174	282	304	108	74	102	281	184

This table details how cash moves in and out of Expedia Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-1,958	-515	2,536	371	-2,266	-831	1,961	740	-2,316	-472
Net Cash From Operating Activities	-997	-182	3,157	1,146	-1,375	-238	2,879	1,501	-1,493	198
Net Cash From Continuing Operating Activities	-997	-182	3,157	1,118	-1,347	-238	2,879	1,501	-1,493	198
Net Income / (Loss) Continuing Operations	476	175	-140	387	305	136	-136	375	684	301
Consolidated Net Income / (Loss)	476	175	-140	387	305	136	-136	375	684	301
Depreciation Expense	176	177	177	184	194	193	195	190	197	199
Amortization Expense	23	22	15	15	14	15	15	15	14	13
Non-Cash Adjustments To Reconcile Net Income	326	-141	82	44	640	41	184	86	-14	195
Changes in Operating Assets and Liabilities, net	-1,998	-415	3,023	488	-2,500	-623	2,621	835	-2,374	-510
Net Cash From Investing Activities	-266	-66	-195	-193	-247	-165	-240	-209	-452	-361
Net Cash From Continuing Investing Activities	-266	-66	-195	-193	-247	-165	-240	-209	-452	-361
Purchase of Property, Plant & Equipment	-170	-177	-233	-223	-213	-177	-177	-194	-194	-191
Purchase of Investments	-	-	0.00	-	-	-28	-69	-	-336	-144
Sale and/or Maturity of Investments	-	5.00	5.00	17	27	-	43	-	-	35
Other Investing Activities, net	-96	106	33	13	-61	40	-37	-15	78	-61
Net Cash From Financing Activities	-558	-379	-437	-581	-581	-497	-631	-518	-441	-155
Net Cash From Continuing Financing Activities	-558	-379	-437	-581	-581	-497	-631	-518	-441	-155
Repayment of Debt	-397	-19	3.00	1.00	13	-77	-20	-5.00	-1.00	4.00
Repurchase of Common Equity	-172	-366	-469	-593	-607	-468	-643	-529	-469	-198
Other Financing Activities, net	11	6.00	29	11	13	48	32	16	29	39
Cash Interest Paid	87	37	81	34	82	34	82	34	81	34
Cash Income Taxes Paid	15	31	34	159	35	53	26	31	40	87

This table presents Expedia Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	15,486	15,778	18,516	18,033	21,416	18,690	21,548	21,561	21,642	22,388
Total Current Assets	2,976	3,450	5,540	5,197	7,735	5,634	8,181	8,791	9,230	9,815
Cash & Equivalents	1,676	1,797	2,847	2,443	3,315	3,363	4,111	4,096	4,225	4,183
Restricted Cash	11	19	69	259	779	772	1,694	1,755	1,436	1,391
Short-Term Investments	34	72	468	28	526	24	200	48	28	300
Accounts Receivable	1,082	1,343	1,866	2,151	2,524	701	1,264	2,078	2,786	3,213
Prepaid Expenses	159	200	269	292	521	654	827	774	708	689
Current Deferred & Refundable Income Taxes	14	19	21	24	70	120	85	40	47	39
Plant, Property, & Equipment, net	1,064	1,395	1,575	1,877	2,198	2,257	2,180	2,210	2,359	2,413
Total Noncurrent Assets	11,445	10,932	11,401	10,959	11,483	10,799	11,187	10,560	10,053	10,160
Long-Term Investments	643	520	845	778	796	671	1,450	1,184	1,238	1,698
Goodwill	7,993	7,942	8,229	8,120	8,127	7,380	7,171	7,143	6,849	6,844
Intangible Assets	2,794	2,447	2,309	1,992	1,804	1,515	1,393	1,209	1,023	817
Noncurrent Deferred & Refundable Income Taxes	15	24	18	69	145	659	766	661	586	496
Other Noncurrent Operating Assets	-	-	-	0.00	611	574	407	363	357	305
Total Liabilities & Shareholders' Equity	15,486	15,778	18,516	18,033	21,416	18,690	21,548	21,561	21,642	22,388
Total Liabilities	9,897	10,084	12,365	12,352	15,880	15,686	17,996	17,833	18,856	19,589
Total Current Liabilities	5,926	6,127	7,879	8,060	10,714	5,406	9,450	10,778	11,783	13,611
Short-Term Debt	-	0.00	500	0.00	749	0.00	735	-	0.00	1,043
Accounts Payable	1,815	2,086	2,536	2,487	2,827	1,098	2,021	2,656	3,118	3,070
Accrued Expenses	1,470	1,091	1,265	808	1,050	979	824	787	752	766
Current Deferred Revenue	2,573	2,900	3,545	4,691	6,000	3,279	5,854	7,314	7,887	8,681
Current Deferred & Payable Income Tax Liabilities	68	50	33	74	88	50	16	21	26	51
Total Noncurrent Liabilities	3,971	3,957	4,486	4,292	5,166	10,280	8,546	7,055	7,073	5,978
Long-Term Debt	3,183	3,159	3,749	3,717	4,189	8,216	7,715	6,240	6,253	5,223
Noncurrent Deferred & Payable Income Tax Liabilities	474	485	329	69	56	67	58	52	33	19
Other Noncurrent Operating Liabilities	314	313	408	506	921	1,997	773	763	787	736
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,930	5,693	6,129	5,651	5,536	3,004	3,552	3,728	2,786	2,799
Total Preferred & Common Equity	4,864	4,132	4,523	4,104	3,967	1,510	2,057	2,283	1,534	1,557
Total Common Equity	4,864	4,132	4,523	4,104	3,967	1,510	2,057	2,283	1,534	1,557
Common Stock	8,697	8,794	9,163	9,549	12,978	13,566	14,229	14,795	15,398	16,043
Retained Earnings	508	129	331	517	879	-1,781	-1,761	-1,409	-632	602
Treasury Stock	-4,055	-4,511	-4,822	-5,742	-9,673	-10,097	-10,262	-10,869	-13,023	-14,856
Accumulated Other Comprehensive Income / (Loss)	-285	-280	-149	-220	-217	-178	-149	-234	-209	-232
Noncontrolling Interest	65	1,561	1,606	1,547	1,569	1,494	1,495	1,445	1,252	1,242

This table presents Expedia Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Assets	21,879	24,986	25,676	22,522	21,642	24,761	25,893	23,405	22,388
Total Current Assets	9,270	12,126	12,813	10,094	9,230	12,348	13,515	10,832	9,815
Cash & Equivalents	4,588	5,904	6,274	5,056	4,225	5,686	6,242	4,722	4,183
Restricted Cash	1,778	2,483	2,484	1,436	1,436	1,936	2,120	1,324	1,391
Short-Term Investments	49	44	27	0.00	28	26	31	196	300
Accounts Receivable	1,991	2,523	2,903	2,753	2,786	3,750	4,127	3,764	3,213
Prepaid Expenses	799	1,119	1,055	765	708	894	924	758	689
Current Deferred & Refundable Income Taxes	65	53	70	84	47	56	71	68	39
Plant, Property, & Equipment, net	2,169	2,260	2,318	2,354	2,359	2,353	2,381	2,400	2,413
Total Noncurrent Assets	10,440	10,600	10,545	10,074	10,053	10,060	9,997	10,173	10,160
Long-Term Investments	1,122	1,198	1,202	1,155	1,238	1,245	1,283	1,527	1,698
Goodwill	7,109	7,150	7,150	6,845	6,849	6,847	6,847	6,851	6,844
Intangible Assets	1,223	1,196	1,180	1,149	1,023	1,006	991	947	817
Noncurrent Deferred & Refundable Income Taxes	626	703	665	595	586	621	544	514	496
Other Noncurrent Operating Assets	360	353	348	330	357	341	332	334	305
Total Liabilities & Shareholders' Equity	21,879	24,986	25,676	22,522	21,642	24,761	25,893	23,405	22,388
Total Liabilities	18,166	21,696	22,460	19,596	18,856	22,625	23,767	20,839	19,589
Total Current Liabilities	11,119	14,612	15,429	12,560	11,783	15,565	17,756	14,787	13,611
Short-Term Debt	0.00	-	-	-	0.00	-	1,041	1,042	1,043
Accounts Payable	2,667	2,541	2,841	3,017	3,118	3,155	3,567	3,158	3,070
Accrued Expenses	789	745	819	874	752	816	857	887	766
Current Deferred Revenue	7,617	11,222	11,708	8,561	7,887	11,569	12,259	9,586	8,681
Current Deferred & Payable Income Tax Liabilities	46	104	61	108	26	25	32	114	51
Total Noncurrent Liabilities	7,047	7,084	7,031	7,036	7,073	7,060	6,011	6,052	5,978
Long-Term Debt	6,237	6,243	6,247	6,250	6,253	6,256	5,218	5,221	5,223
Noncurrent Deferred & Payable Income Tax Liabilities	50	35	35	34	33	31	31	34	19
Other Noncurrent Operating Liabilities	760	806	749	752	787	773	762	797	736
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,713	3,290	3,216	2,926	2,786	2,136	2,126	2,566	2,799
Total Preferred & Common Equity	2,268	1,832	1,759	1,673	1,534	890	889	1,322	1,557
Total Common Equity	2,268	1,832	1,759	1,673	1,534	890	889	1,322	1,557
Common Stock	14,674	14,938	15,072	15,227	15,398	15,550	15,697	15,890	16,043
Retained Earnings	-1,586	-1,554	-1,169	-764	-632	-767	-381	303	602
Treasury Stock	-10,503	-11,341	-11,937	-12,550	-13,023	-	-	-14,677	-14,856
Accumulated Other Comprehensive Income / (Loss)	-317	-211	-207	-240	-209	-222	-223	-194	-232
Noncontrolling Interest	1,445	1,458	1,457	1,253	1,252	1,246	1,237	1,244	1,242

This table displays calculated financial ratios and metrics derived from Expedia Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.77%	31.50%	14.66%	11.56%	7.52%	-56.92%	65.38%	35.69%	10.05%	6.64%
EBITDA Growth	74.09%	-17.64%	15.49%	10.39%	12.09%	-206.50%	172.96%	7.15%	24.37%	28.34%
EBIT Growth	93.38%	-58.47%	31.40%	6.90%	47.19%	-415.97%	120.79%	20.89%	49.58%	47.06%
NOPAT Growth	-22.33%	34.85%	28.08%	5.09%	13.75%	-385.58%	106.84%	431.29%	0.93%	49.97%
Net Income Growth	93.79%	-63.89%	42.53%	6.99%	43.72%	-576.92%	100.55%	2,186.67%	100.58%	77.91%
EPS Growth	90.64%	-68.07%	32.97%	9.50%	42.26%	-603.98%	90.53%	220.56%	144.70%	68.55%
Operating Cash Flow Growth	0.08%	13.23%	19.11%	7.05%	40.10%	-238.56%	197.76%	-8.22%	-21.80%	14.68%
Free Cash Flow Firm Growth	-826.94%	110.04%	108.81%	4.31%	72.85%	-315.91%	160.99%	19.29%	-37.50%	13.24%
Invested Capital Growth	202.18%	0.58%	-4.24%	-4.55%	-14.13%	26.33%	-28.84%	-36.55%	-26.79%	-29.31%
Revenue Q/Q Growth	5.41%	4.71%	2.30%	2.19%	1.58%	-26.00%	18.77%	2.99%	2.14%	2.22%
EBITDA Q/Q Growth	-0.32%	17.83%	-2.20%	0.69%	1.07%	-42.14%	200.65%	-18.28%	-1.06%	7.36%
EBIT Q/Q Growth	-7.31%	40.71%	-5.61%	-5.03%	8.81%	-24.57%	261.33%	-32.18%	-2.67%	11.49%
NOPAT Q/Q Growth	-13.17%	20.37%	-4.22%	-5.11%	8.82%	-29.72%	142.27%	-9.39%	-6.42%	12.87%
Net Income Q/Q Growth	-8.73%	59.62%	-7.83%	-6.57%	10.21%	-20.76%	101.95%	-39.08%	-5.36%	15.58%
EPS Q/Q Growth	-9.95%	56.90%	-4.72%	-9.56%	12.54%	-21.79%	73.49%	-31.33%	-5.18%	16.23%
Operating Cash Flow Q/Q Growth	-6.11%	25.29%	-8.40%	-2.18%	21.31%	-23.36%	21.77%	-11.95%	-2.04%	16.46%
Free Cash Flow Firm Q/Q Growth	-122.16%	116.17%	-24.02%	-11.79%	52.06%	-20.76%	74.77%	-25.14%	-9.75%	19.29%
Invested Capital Q/Q Growth	85.93%	2.80%	7.19%	9.24%	0.78%	2.55%	-5.15%	19.56%	38.13%	40.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.37%	81.80%	82.53%	83.39%	82.88%	68.28%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	22.91%	14.35%	14.45%	14.30%	14.91%	-36.85%	16.26%	12.84%	14.51%	17.46%
Operating Margin	6.20%	5.27%	6.21%	6.36%	7.48%	-52.30%	2.16%	9.30%	8.05%	9.63%
EBIT Margin	15.52%	4.90%	5.62%	5.38%	7.37%	-54.03%	6.79%	6.05%	8.22%	11.34%
Profit (Net Income) Margin	10.83%	2.97%	3.70%	3.55%	4.74%	-52.47%	0.17%	2.94%	5.36%	8.94%
Tax Burden Percent	78.05%	94.22%	89.21%	82.06%	73.81%	86.58%	-39.47%	63.75%	67.58%	79.38%
Interest Burden Percent	89.43%	64.42%	73.81%	80.30%	87.18%	112.18%	-6.51%	76.20%	96.40%	99.29%
Effective Tax Rate	21.95%	5.78%	10.79%	17.94%	26.19%	0.00%	0.00%	36.25%	32.42%	20.62%
Return on Invested Capital (ROIC)	7.57%	6.77%	8.84%	9.72%	12.18%	-33.25%	2.38%	18.62%	27.94%	58.09%
ROIC Less NNEP Spread (ROIC-NNEP)	172.32%	-15.43%	-39.27%	-154.41%	82.41%	-89.97%	-2.88%	-440.25%	29.28%	40.21%
Return on Net Nonoperating Assets (RNNOA)	10.40%	-2.15%	-2.56%	-2.99%	-1.98%	-30.64%	-1.92%	-9.19%	-6.82%	-14.25%
Return on Equity (ROE)	17.97%	4.63%	6.28%	6.73%	10.20%	-63.89%	0.46%	9.42%	21.12%	43.83%
Cash Return on Invested Capital (CROIC)	-92.97%	6.19%	13.18%	14.38%	27.37%	-56.52%	36.08%	63.34%	58.88%	92.43%
Operating Return on Assets (OROA)	8.45%	2.75%	3.30%	3.31%	4.51%	-14.01%	2.90%	3.28%	4.89%	7.05%
Return on Assets (ROA)	5.90%	1.67%	2.17%	2.18%	2.90%	-13.60%	0.07%	1.59%	3.19%	5.56%
Return on Common Equity (ROCE)	14.86%	3.69%	4.59%	4.91%	7.34%	-40.97%	0.25%	5.62%	12.38%	24.26%
Return on Equity Simple (ROE_SIMPLE)	14.86%	6.32%	8.22%	9.70%	14.42%	-180.66%	0.73%	15.02%	44.85%	78.61%
Net Operating Profit after Tax (NOPAT)	323	435	558	586	666	-1,903	130	692	698	1,047
NOPAT Margin	4.84%	4.96%	5.54%	5.22%	5.52%	-36.61%	1.51%	5.93%	5.44%	7.65%
Net Nonoperating Expense Percent (NNEP)	-164.75%	22.20%	48.11%	164.12%	-70.24%	56.72%	5.26%	458.87%	-1.34%	17.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	6.94%	7.72%	11.55%
Cost of Revenue to Revenue	19.63%	18.20%	17.47%	16.61%	17.12%	31.72%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	8.60%	7.73%	6.72%	6.90%	6.69%	11.33%	20.69%	16.53%	16.58%	15.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	74.18%	76.53%	76.32%	77.03%	75.40%	120.58%	97.84%	90.70%	91.95%	90.37%
Earnings before Interest and Taxes (EBIT)	1,035	430	565	604	889	-2,809	584	706	1,056	1,553
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,529	1,259	1,454	1,605	1,799	-1,916	1,398	1,498	1,863	2,391
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.18	3.97	3.94	4.03	3.94	12.40	13.31	5.99	13.74	15.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.32	1.87	1.77	1.47	1.29	3.60	3.18	1.17	1.64	1.75
Price to Earnings (P/E)	20.22	58.23	47.10	40.71	27.63	0.00	0.00	38.85	26.44	19.38
Dividend Yield	0.71%	0.91%	0.99%	1.12%	1.23%	1.01%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.95%	1.72%	2.12%	2.46%	3.62%	0.00%	0.00%	2.57%	3.78%	5.16%
Enterprise Value to Invested Capital (EV/IC)	2.65	2.91	3.15	3.11	3.30	3.69	6.57	4.95	10.25	15.98
Enterprise Value to Revenue (EV/Rev)	2.55	2.14	1.93	1.63	1.38	4.54	3.47	1.22	1.69	1.74
Enterprise Value to EBITDA (EV/EBITDA)	11.12	14.88	13.38	11.41	9.28	0.00	21.37	9.53	11.62	9.98
Enterprise Value to EBIT (EV/EBIT)	16.42	43.57	34.43	30.32	18.79	0.00	51.15	20.22	20.51	15.36
Enterprise Value to NOPAT (EV/NOPAT)	52.66	43.03	34.89	31.26	25.06	0.00	229.45	20.64	31.02	22.78
Enterprise Value to Operating Cash Flow (EV/OCF)	12.43	12.09	10.54	9.27	6.04	0.00	7.97	4.15	8.05	7.73
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	47.07	23.41	21.13	11.15	0.00	15.14	6.07	14.72	14.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.55	0.69	0.65	0.89	2.74	2.38	1.67	2.24	2.24
Long-Term Debt to Equity	0.57	0.55	0.61	0.65	0.76	2.74	2.17	1.67	2.24	1.87
Financial Leverage	0.06	0.14	0.07	0.02	-0.02	0.34	0.67	0.02	-0.23	-0.35
Leverage Ratio	3.05	2.77	2.90	3.09	3.52	4.70	6.14	5.92	6.63	7.88
Compound Leverage Factor	2.73	1.79	2.14	2.48	3.07	5.27	-0.40	4.51	6.39	7.83
Debt to Total Capital	36.29%	35.69%	40.86%	39.55%	47.15%	73.23%	70.40%	62.60%	69.18%	69.12%
Short-Term Debt to Total Capital	0.00%	0.00%	4.81%	0.00%	7.15%	0.00%	6.12%	0.00%	0.00%	11.51%
Long-Term Debt to Total Capital	36.29%	35.69%	36.05%	39.55%	39.99%	73.23%	64.28%	62.60%	69.18%	57.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.25%	17.63%	15.65%	16.78%	14.98%	13.32%	12.46%	14.50%	13.85%	13.70%
Common Equity to Total Capital	55.46%	46.68%	43.49%	43.67%	37.87%	13.46%	17.14%	22.90%	16.97%	17.18%
Debt to EBITDA	2.08	2.51	2.92	2.32	2.74	-4.29	6.04	4.17	3.36	2.62
Net Debt to EBITDA	0.54	0.60	0.01	0.13	-0.27	-1.77	0.71	-0.56	-0.36	-0.55
Long-Term Debt to EBITDA	2.08	2.51	2.58	2.32	2.33	-4.29	5.52	4.17	3.36	2.18
Debt to NOPAT	9.86	7.26	7.62	6.34	7.41	-4.32	64.90	9.02	8.96	5.98
Net Debt to NOPAT	2.54	1.73	0.04	0.36	-0.72	-1.78	7.64	-1.22	-0.97	-1.25
Long-Term Debt to NOPAT	9.86	7.26	6.72	6.34	6.29	-4.32	59.26	9.02	8.96	4.99
Altman Z-Score	1.41	1.43	1.38	1.39	1.18	0.38	1.22	0.91	1.24	1.41
Noncontrolling Interest Sharing Ratio	17.33%	20.25%	26.92%	27.09%	28.05%	35.87%	45.59%	40.38%	41.40%	44.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.50	0.56	0.70	0.64	0.72	1.04	0.87	0.82	0.78	0.72
Quick Ratio	0.47	0.52	0.66	0.57	0.59	0.76	0.59	0.58	0.60	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,964	398	831	867	1,498	-3,235	1,973	2,354	1,471	1,666
Operating Cash Flow to CapEx	173.82%	206.81%	259.86%	224.94%	238.53%	-481.05%	556.91%	519.64%	317.97%	408.07%
Free Cash Flow to Firm to Interest Expense	-31.41	2.30	4.57	4.56	8.66	-8.99	3.13	10.32	6.00	6.77
Operating Cash Flow to Interest Expense	10.84	8.95	10.14	10.39	15.99	-10.65	5.94	15.09	10.98	12.54
Operating Cash Flow Less CapEx to Interest Expense	4.60	4.62	6.24	5.77	9.29	-12.86	4.87	12.18	7.53	9.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.56	0.59	0.61	0.61	0.26	0.43	0.54	0.59	0.62
Accounts Receivable Turnover	7.17	7.23	6.27	5.59	5.16	3.22	8.75	6.98	5.28	4.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.25	7.14	6.77	6.50	5.92	2.33	3.88	5.32	5.62	5.74
Accounts Payable Turnover	0.78	0.82	0.76	0.74	0.78	0.84	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	50.89	50.45	58.22	65.32	70.70	113.21	41.71	52.28	69.14	79.97
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	468.99	445.88	480.12	491.79	469.41	434.39	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-418.09	-395.43	-421.90	-426.47	-398.71	-321.19	41.71	52.28	69.14	79.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,407	6,445	6,171	5,890	5,058	6,390	4,547	2,885	2,112	1,493
Invested Capital Turnover	1.56	1.37	1.59	1.86	2.20	0.91	1.57	3.14	5.14	7.60
Increase / (Decrease) in Invested Capital	4,287	37	-274	-281	-832	1,332	-1,843	-1,662	-773	-619
Enterprise Value (EV)	16,998	18,734	19,452	18,316	16,701	23,609	29,874	14,276	21,654	23,851
Market Capitalization	15,455	16,421	17,804	16,530	15,610	18,729	27,384	13,674	21,076	23,915
Book Value per Share	$37.46	$27.54	$29.66	$27.55	$27.38	$10.67	$13.58	$14.63	$11.05	$12.13
Tangible Book Value per Share	($45.61)	($41.70)	($39.44)	($40.33)	($41.16)	($52.21)	($42.94)	($38.88)	($45.65)	($47.56)
Total Capital	8,771	8,852	10,400	9,398	10,474	11,220	12,002	9,968	9,039	9,065
Total Debt	3,183	3,159	4,249	3,717	4,938	8,216	8,450	6,240	6,253	6,266
Total Long-Term Debt	3,183	3,159	3,749	3,717	4,189	8,216	7,715	6,240	6,253	5,223
Net Debt	819	751	20	209	-478	3,386	995	-843	-674	-1,306
Capital Expenditures (CapEx)	787	749	710	878	1,160	797	673	662	846	756
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,671	-4,565	-5,223	-5,593	-6,850	-3,931	-6,539	-7,886	-8,242	-8,627
Debt-free Net Working Capital (DFNWC)	-2,950	-2,677	-1,839	-2,863	-2,230	228	-534	-1,987	-2,553	-2,753
Net Working Capital (NWC)	-2,950	-2,677	-2,339	-2,863	-2,979	228	-1,269	-1,987	-2,553	-3,796
Net Nonoperating Expense (NNE)	-400	174	186	188	94	825	115	349	10	-177
Net Nonoperating Obligations (NNO)	819	751	20	209	-478	3,386	995	-843	-674	-1,306
Total Depreciation and Amortization (D&A)	493	829	889	1,001	910	893	814	792	807	838
Debt-free, Cash-free Net Working Capital to Revenue	-70.01%	-52.03%	-51.92%	-49.84%	-56.77%	-75.61%	-76.05%	-67.59%	-64.20%	-63.01%
Debt-free Net Working Capital to Revenue	-44.21%	-30.51%	-18.28%	-25.51%	-18.48%	4.39%	-6.21%	-17.03%	-19.88%	-20.11%
Net Working Capital to Revenue	-44.21%	-30.51%	-23.25%	-25.51%	-24.69%	4.39%	-14.76%	-17.03%	-19.88%	-27.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.87	$1.87	$2.49	$2.71	$3.84	($19.00)	($1.80)	$2.24	$5.50	$9.39
Adjusted Weighted Average Basic Shares Outstanding	130.16M	150.37M	151.62M	149.96M	147.19M	141.41M	149.73M	156.67M	144.97M	131.43M
Adjusted Diluted Earnings per Share	$5.70	$1.82	$2.42	$2.65	$3.77	($19.00)	($1.80)	$2.17	$5.31	$8.95
Adjusted Weighted Average Diluted Shares Outstanding	134.02M	154.52M	156.39M	152.89M	149.88M	141.41M	149.73M	161.75M	150.23M	137.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	150.58M	149.81M	151.83M	147.19M	139.99M	143.86M	155.75M	153.35M	136.29M	128.86M
Normalized Net Operating Profit after Tax (NOPAT)	410	521	573	691	684	-1,060	183	743	986	1,227
Normalized NOPAT Margin	6.15%	5.94%	5.69%	6.16%	5.67%	-20.38%	2.12%	6.37%	7.68%	8.96%
Pre Tax Income Margin	13.88%	3.16%	4.15%	4.32%	6.42%	-60.61%	-0.44%	4.61%	7.93%	11.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.21	2.49	3.10	3.18	5.14	-7.80	0.93	3.10	4.31	6.31
NOPAT to Interest Expense	2.56	2.52	3.06	3.08	3.85	-5.29	0.21	3.03	2.85	4.26
EBIT Less CapEx to Interest Expense	1.97	-1.84	-0.80	-1.44	-1.57	-10.02	-0.14	0.19	0.86	3.24
NOPAT Less CapEx to Interest Expense	-3.68	-1.81	-0.84	-1.54	-2.85	-7.50	-0.86	0.13	-0.60	1.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.02%	57.47%	47.31%	46.73%	34.09%	-4.51%	446.67%	0.00%	0.00%	0.00%
Augmented Payout Ratio	23.39%	232.18%	131.18%	278.64%	163.99%	-20.09%	1,546.67%	176.97%	310.61%	150.25%

This table displays calculated financial ratios and metrics derived from Expedia Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.18%	14.87%	18.50%	5.56%	8.57%	10.28%	8.41%	5.96%	3.33%	10.29%
EBITDA Growth	14.53%	-44.67%	122.39%	321.02%	-23.40%	-4.82%	-55.70%	3.93%	63.98%	41.52%
EBIT Growth	20.22%	-60.80%	66.92%	1,255.00%	-31.82%	-13.43%	-234.88%	4.33%	92.89%	85.56%
NOPAT Growth	20.98%	-10.46%	10.37%	53.00%	-19.09%	-32.43%	9.09%	-6.20%	43.02%	134.64%
Net Income Growth	25.93%	-55.70%	-13.82%	309.19%	-35.92%	-22.29%	2.86%	-3.10%	124.26%	121.32%
EPS Growth	31.86%	-46.48%	-21.79%	317.09%	-3.69%	-25.44%	-4.21%	10.24%	75.61%	147.06%
Operating Cash Flow Growth	18.35%	-163.86%	5.55%	-29.61%	-37.91%	-30.77%	-8.81%	30.98%	-8.58%	183.19%
Free Cash Flow Firm Growth	55.47%	-9.86%	-30.03%	-25.63%	-55.08%	-52.04%	-80.64%	-25.79%	-18.11%	-4.98%
Invested Capital Growth	-49.67%	-36.55%	-105.70%	-186.33%	-36.63%	-26.79%	-421.88%	-146.37%	-30.67%	-29.31%
Revenue Q/Q Growth	13.77%	-27.66%	1.80%	26.00%	17.00%	-26.52%	0.07%	23.16%	14.11%	-21.58%
EBITDA Q/Q Growth	447.13%	-51.69%	-64.10%	343.62%	-0.45%	-39.97%	-83.29%	940.91%	57.06%	-48.19%
EBIT Q/Q Growth	1,750.00%	-67.27%	-119.91%	1,174.42%	-2.60%	-58.44%	-177.01%	434.72%	80.08%	-60.02%
NOPAT Q/Q Growth	113.38%	-76.25%	-169.20%	536.23%	12.85%	-80.16%	-193.09%	550.09%	72.07%	-67.46%
Net Income Q/Q Growth	357.30%	-63.24%	-180.00%	376.43%	-21.19%	-55.41%	-200.00%	375.74%	82.40%	-55.99%
EPS Q/Q Growth	354.70%	-61.75%	-183.33%	367.37%	12.99%	-70.38%	-216.47%	382.83%	80.00%	-58.33%
Operating Cash Flow Q/Q Growth	-161.24%	81.75%	1,834.62%	-63.70%	-219.98%	82.69%	1,309.66%	-47.86%	-199.47%	113.26%
Free Cash Flow Firm Q/Q Growth	43.56%	-38.39%	-5.05%	-11.44%	-13.30%	-34.23%	-61.67%	239.50%	-4.33%	-23.68%
Invested Capital Q/Q Growth	297.53%	19.56%	-103.33%	-445.83%	391.79%	38.13%	-123.72%	-157.68%	182.11%	40.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.43%	133.38%	84.47%	100.00%	89.51%	128.61%	87.61%	100.00%	100.00%	111.24%
EBITDA Margin	23.74%	15.85%	5.59%	19.68%	16.75%	13.68%	2.28%	19.31%	26.58%	17.56%
Operating Margin	20.64%	4.89%	-4.54%	13.19%	15.45%	3.60%	-3.81%	12.68%	18.77%	6.78%
EBIT Margin	18.24%	8.25%	-1.61%	13.76%	11.45%	6.48%	-4.98%	13.55%	21.38%	10.90%
Profit (Net Income) Margin	13.15%	6.68%	-5.25%	11.52%	7.76%	4.71%	-4.71%	10.54%	16.85%	9.45%
Tax Burden Percent	68.99%	95.63%	229.51%	83.41%	68.69%	79.53%	87.74%	76.84%	78.26%	89.85%
Interest Burden Percent	104.55%	84.72%	141.86%	100.43%	98.67%	91.44%	107.64%	101.24%	100.69%	96.54%
Effective Tax Rate	31.01%	4.37%	0.00%	16.59%	31.31%	20.47%	0.00%	23.16%	21.74%	10.15%
Return on Invested Capital (ROIC)	44.76%	14.68%	-48.40%	3,250.56%	67.68%	14.72%	0.00%	0.00%	151.98%	46.30%
ROIC Less NNEP Spread (ROIC-NNEP)	25.25%	83.88%	-46.30%	3,250.02%	75.99%	7.70%	0.00%	0.00%	145.94%	35.50%
Return on Net Nonoperating Assets (RNNOA)	1.50%	1.75%	35.58%	-3,209.13%	-30.87%	-1.79%	0.00%	0.00%	-77.14%	-12.58%
Return on Equity (ROE)	46.26%	16.43%	-12.81%	41.43%	36.81%	12.93%	25.51%	25.46%	74.84%	33.71%
Cash Return on Invested Capital (CROIC)	87.26%	63.34%	0.00%	0.00%	82.70%	58.88%	0.00%	0.00%	107.89%	92.43%
Operating Return on Assets (OROA)	9.43%	4.47%	-0.79%	6.69%	6.48%	3.85%	-2.62%	6.97%	12.47%	6.78%
Return on Assets (ROA)	6.80%	3.62%	-2.56%	5.60%	4.40%	2.80%	-2.47%	5.42%	9.83%	5.88%
Return on Common Equity (ROCE)	26.32%	9.80%	-7.31%	23.04%	21.85%	7.58%	12.80%	12.62%	40.81%	18.66%
Return on Equity Simple (ROE_SIMPLE)	24.82%	0.00%	17.79%	51.05%	43.45%	0.00%	77.75%	76.49%	80.11%	0.00%
Net Operating Profit after Tax (NOPAT)	515	122	-85	369	417	83	-77	347	596	194
NOPAT Margin	14.24%	4.68%	-3.18%	11.00%	10.61%	2.87%	-2.67%	9.74%	14.69%	6.10%
Net Nonoperating Expense Percent (NNEP)	19.51%	-69.20%	-2.10%	0.54%	-8.30%	7.03%	-1.96%	0.79%	6.04%	10.80%
Return On Investment Capital (ROIC_SIMPLE)	-	1.23%	-	-	-	0.92%	-	-	-	2.14%
Cost of Revenue to Revenue	12.57%	-33.38%	15.53%	0.00%	10.49%	-28.61%	12.39%	0.00%	0.00%	-11.24%
SG&A Expenses to Revenue	5.17%	41.90%	6.90%	16.02%	4.94%	42.02%	6.44%	14.36%	13.52%	27.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	66.79%	128.50%	89.01%	86.81%	74.06%	125.01%	91.42%	87.32%	81.23%	104.46%
Earnings before Interest and Taxes (EBIT)	660	216	-43	462	450	187	-144	482	868	347
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	859	415	149	661	658	395	66	687	1,079	559
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.51	5.99	8.12	9.21	8.83	13.74	21.49	18.81	14.58	15.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.30	1.17	1.23	1.32	1.18	1.64	1.46	1.26	1.44	1.75
Price to Earnings (P/E)	32.73	38.85	45.23	18.02	17.55	26.44	23.70	20.70	18.06	19.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.06%	2.57%	2.21%	5.55%	5.70%	3.78%	4.22%	4.83%	5.54%	5.16%
Enterprise Value to Invested Capital (EV/IC)	6.18	4.95	0.00	0.00	9.57	10.25	0.00	0.00	17.93	15.98
Enterprise Value to Revenue (EV/Rev)	1.32	1.22	1.07	1.14	1.16	1.69	1.36	1.10	1.42	1.74
Enterprise Value to EBITDA (EV/EBITDA)	8.13	9.53	8.20	6.68	7.77	11.62	9.96	8.05	8.53	9.98
Enterprise Value to EBIT (EV/EBIT)	14.32	20.22	16.33	10.75	13.49	20.51	18.57	14.92	13.64	15.36
Enterprise Value to NOPAT (EV/NOPAT)	19.53	20.64	24.76	16.52	19.61	31.02	22.68	19.28	20.49	22.78
Enterprise Value to Operating Cash Flow (EV/OCF)	3.82	4.15	3.59	4.46	5.33	8.05	7.35	5.26	7.18	7.73
Enterprise Value to Free Cash Flow (EV/FCFF)	4.74	6.07	5.63	7.05	8.98	14.72	14.94	9.56	13.61	14.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.68	1.67	1.90	1.94	2.14	2.24	2.93	2.94	2.44	2.24
Long-Term Debt to Equity	1.68	1.67	1.90	1.94	2.14	2.24	2.93	2.45	2.03	1.87
Financial Leverage	0.06	0.02	-0.77	-0.99	-0.41	-0.23	-1.11	-1.34	-0.53	-0.35
Leverage Ratio	6.44	5.92	7.23	7.64	6.69	6.63	9.17	9.65	8.36	7.88
Compound Leverage Factor	6.73	5.02	10.25	7.68	6.60	6.06	9.87	9.77	8.42	7.61
Debt to Total Capital	62.68%	62.60%	65.49%	66.02%	68.11%	69.18%	74.55%	74.65%	70.94%	69.12%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.42%	11.80%	11.51%
Long-Term Debt to Total Capital	62.68%	62.60%	65.49%	66.02%	68.11%	69.18%	74.55%	62.23%	59.13%	57.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	14.52%	14.50%	15.29%	15.40%	13.66%	13.85%	14.85%	14.75%	14.09%	13.70%
Common Equity to Total Capital	22.79%	22.90%	19.22%	18.59%	18.23%	16.97%	10.61%	10.60%	14.97%	17.18%
Debt to EBITDA	3.40	4.17	3.95	3.00	3.32	3.36	3.51	3.47	2.81	2.62
Net Debt to EBITDA	-0.71	-0.56	-2.14	-1.79	-0.74	-0.36	-1.48	-1.89	-0.68	-0.55
Long-Term Debt to EBITDA	3.40	4.17	3.95	3.00	3.32	3.36	3.51	2.89	2.34	2.18
Debt to NOPAT	8.17	9.02	11.94	7.42	8.38	8.96	8.00	8.29	6.75	5.98
Net Debt to NOPAT	-1.70	-1.22	-6.47	-4.44	-1.87	-0.97	-3.37	-4.53	-1.62	-1.25
Long-Term Debt to NOPAT	8.17	9.02	11.94	7.42	8.38	8.96	8.00	6.91	5.63	4.99
Altman Z-Score	0.90	0.83	0.68	0.78	0.90	1.11	0.82	0.78	1.06	1.23
Noncontrolling Interest Sharing Ratio	43.11%	40.38%	42.98%	44.38%	40.64%	41.40%	49.83%	50.43%	45.47%	44.66%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.83	0.82	0.83	0.83	0.80	0.78	0.79	0.76	0.73	0.72
Quick Ratio	0.60	0.58	0.58	0.60	0.62	0.60	0.61	0.59	0.59	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,896	1,784	1,694	1,500	1,301	856	328	1,114	1,065	813
Operating Cash Flow to CapEx	-586.47%	-102.82%	1,354.94%	513.90%	-645.54%	-134.46%	1,626.55%	773.71%	-769.59%	103.66%
Free Cash Flow to Firm to Interest Expense	0.00	29.74	27.78	24.60	20.98	14.03	5.29	18.26	17.46	13.11
Operating Cash Flow to Interest Expense	0.00	-3.03	51.75	18.79	-22.18	-3.90	46.44	24.61	-24.48	3.19
Operating Cash Flow Less CapEx to Interest Expense	0.00	-5.98	47.93	15.13	-25.61	-6.80	43.58	21.43	-27.66	0.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.54	0.49	0.49	0.57	0.59	0.53	0.51	0.58	0.62
Accounts Receivable Turnover	6.52	6.98	5.67	4.83	5.30	5.28	4.16	3.77	4.11	4.56
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.11	5.32	5.46	5.47	5.56	5.62	5.66	5.65	5.63	5.74
Accounts Payable Turnover	0.21	0.00	0.17	0.00	0.00	0.00	0.53	0.47	0.36	0.00
Days Sales Outstanding (DSO)	56.00	52.28	64.33	75.56	68.88	69.14	87.64	96.73	88.80	79.97
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1,715.50	0.00	2,101.39	0.00	0.00	0.00	685.25	770.90	1,019.85	0.00
Cash Conversion Cycle (CCC)	-1,659.50	52.28	-2,037.07	75.56	68.88	69.14	-597.61	-674.17	-931.06	79.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,413	2,885	-96	-524	1,529	2,112	-501	-1,291	1,060	1,493
Invested Capital Turnover	3.14	3.14	15.23	295.42	6.38	5.14	-43.76	-14.61	10.35	7.60
Increase / (Decrease) in Invested Capital	-2,381	-1,662	-1,779	-1,131	-884	-773	-405	-767	-469	-619
Enterprise Value (EV)	14,907	14,276	12,951	13,920	14,633	21,654	17,735	14,545	19,007	23,851
Market Capitalization	14,762	13,674	14,879	16,203	14,777	21,076	19,126	16,725	19,269	23,915
Book Value per Share	$14.39	$14.63	$11.95	$11.88	$11.67	$11.05	$6.57	$6.70	$10.16	$12.13
Tangible Book Value per Share	($38.49)	($38.88)	($42.48)	($44.36)	($44.09)	($45.65)	($51.39)	($52.35)	($49.75)	($47.56)
Total Capital	9,950	9,968	9,533	9,463	9,176	9,039	8,392	8,385	8,829	9,065
Total Debt	6,237	6,240	6,243	6,247	6,250	6,253	6,256	6,259	6,263	6,266
Total Long-Term Debt	6,237	6,240	6,243	6,247	6,250	6,253	6,256	5,218	5,221	5,223
Net Debt	-1,300	-843	-3,386	-3,740	-1,397	-674	-2,637	-3,417	-1,506	-1,306
Capital Expenditures (CapEx)	170	177	233	223	213	177	177	194	194	191
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8,264	-7,886	-10,917	-11,401	-8,958	-8,242	-10,865	-11,593	-9,155	-8,627
Debt-free Net Working Capital (DFNWC)	-1,849	-1,987	-2,486	-2,616	-2,466	-2,553	-3,217	-3,200	-2,913	-2,753
Net Working Capital (NWC)	-1,849	-1,987	-2,486	-2,616	-2,466	-2,553	-3,217	-4,241	-3,955	-3,796
Net Nonoperating Expense (NNE)	39	-53	55	-18	112	-53	59	-28	-88	-107
Net Nonoperating Obligations (NNO)	-1,300	-843	-3,386	-3,740	-1,397	-674	-2,637	-3,417	-1,506	-1,306
Total Depreciation and Amortization (D&A)	199	199	192	199	208	208	210	205	211	212
Debt-free, Cash-free Net Working Capital to Revenue	-72.95%	-67.59%	-90.35%	-92.99%	-71.26%	-64.20%	-83.17%	-87.41%	-68.35%	-63.01%
Debt-free Net Working Capital to Revenue	-16.32%	-17.03%	-20.57%	-21.34%	-19.62%	-19.88%	-24.63%	-24.13%	-21.75%	-20.11%
Net Working Capital to Revenue	-16.32%	-17.03%	-20.57%	-21.34%	-19.62%	-19.88%	-24.63%	-31.98%	-29.53%	-27.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.05	$1.14	($0.95)	$2.62	$2.98	$0.85	($0.99)	$2.92	$5.28	$2.18
Adjusted Weighted Average Basic Shares Outstanding	157.63M	156.67M	152.48M	147.17M	142.23M	144.97M	135.50M	131.95M	129.76M	131.43M
Adjusted Diluted Earnings per Share	$2.98	$1.14	($0.95)	$2.54	$2.87	$0.85	($0.99)	$2.80	$5.04	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	161.83M	161.75M	152.48M	151.84M	147.75M	150.23M	135.50M	137.83M	135.73M	137.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	156.09M	153.35M	148.12M	143.36M	138.85M	136.29M	132.75M	130.18M	128.35M	128.86M
Normalized Net Operating Profit after Tax (NOPAT)	551	122	-85	369	631	83	-43	360	627	201
Normalized NOPAT Margin	15.23%	4.68%	-3.18%	11.00%	16.07%	2.87%	-1.50%	10.13%	15.44%	6.32%
Pre Tax Income Margin	19.07%	6.99%	-2.29%	13.82%	11.30%	5.92%	-5.37%	13.72%	21.53%	10.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	3.60	-0.70	7.57	7.26	3.07	-2.32	7.90	14.23	5.60
NOPAT to Interest Expense	0.00	2.04	-1.39	6.06	6.73	1.36	-1.24	5.68	9.78	3.13
EBIT Less CapEx to Interest Expense	0.00	0.65	-4.52	3.92	3.82	0.16	-5.18	4.72	11.05	2.52
NOPAT Less CapEx to Interest Expense	0.00	-0.91	-5.21	2.40	3.29	-1.55	-4.10	2.50	6.60	0.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	52.93%	176.97%	315.64%	178.17%	279.92%	310.61%	333.96%	330.44%	199.15%	150.25%

Key Financial Trends

Expedia Group has exhibited some strong positives in its recent financial developments over the past few years:

Operating revenue increased significantly from $2.62 billion in Q2 2023 to $4.06 billion in Q3 2024, showing solid top-line growth.
Net income attributable to common shareholders surged from a loss of $135 million in Q1 2024 to $684 million in Q3 2024, reflecting improved profitability.
Gross profit remained robust, with Q4 2024 showing $3.54 billion gross profit on $3.18 billion operating revenue, demonstrating efficient cost management relative to revenue.
Cash and equivalents stayed strong around the $4.2 billion to $6.2 billion range, ensuring sufficient liquidity for operations and investments.
Operating cash flow was positive and increased to $1.98 billion in Q4 2024 from $1.5 billion in Q2 2024, indicating good cash generation from core business.
Shares outstanding stood fairly steady with modest share repurchases (e.g., $198 million repurchase in Q4 2024), supporting shareholder value.
Total operating expenses saw fluctuations but were largely stable, with Q4 2024 operating expenses at $3.33 billion compared to $3.1 billion in Q2 2024.
Interest expense remained around $60-$62 million quarterly, stable financing costs but with some impact on net income.
Expedia maintained a sizeable investment in property, plant, and equipment (~$2.4 billion) supporting ongoing business operations.

However, certain challenges and negative trends warrant caution:

Net income was negative in early 2024 quarters (e.g., net loss of $135 million in Q1 2024), showing volatility and that profitability wasn’t consistently strong.
Marketing expenses increased from roughly $1.4 billion in late 2022 to $2.05 billion in Q3 2024, growing faster than revenues and potentially pressuring margins.
Deferred revenue increased substantially to $8.68 billion in Q4 2024 from $7.89 billion in Q4 2023, reflecting higher customer prepayments but also highlighting future service delivery obligations.
Expedia’s total liabilities expanded from about $18.2 billion in Q3 2022 to $19.6 billion in Q4 2024, increasing financial leverage.
Cash flow from financing activities typically reflects share repurchases and debt repayments, with substantial share repurchases each quarter (e.g., $469 million in Q3 2024), which could limit cash reserves for other uses.

In summary, Expedia has demonstrated solid revenue growth, improving profitability, and maintained strong liquidity in the last year, supported by positive operating cash flow. However, rising marketing spend, higher liabilities, and inconsistent quarterly profits suggest investors should watch for margin pressure and capital allocation discipline going forward.

08/04/25 07:41 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Expedia Group's Financials

When does Expedia Group's fiscal year end?

According to the most recent income statement we have on file, Expedia Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Expedia Group's net income changed over the last 9 years?

Expedia Group's net income appears to be on an upward trend, with a most recent value of $1.22 billion in 2024, rising from $722.75 million in 2015. The previous period was $688 million in 2023. View Expedia Group's forecast to see where analysts expect Expedia Group to go next.

What is Expedia Group's operating income?

Expedia Group's total operating income in 2024 was $1.32 billion, based on the following breakdown:

Total Gross Profit: $13.69 billion
Total Operating Expenses: $12.37 billion

How has Expedia Group's revenue changed over the last 9 years?

Over the last 9 years, Expedia Group's total revenue changed from $6.67 billion in 2015 to $13.69 billion in 2024, a change of 105.2%.

How much debt does Expedia Group have?

Expedia Group's total liabilities were at $19.59 billion at the end of 2024, a 3.9% increase from 2023, and a 97.9% increase since 2015.

How much cash does Expedia Group have?

In the past 9 years, Expedia Group's cash and equivalents has ranged from $1.68 billion in 2015 to $4.23 billion in 2023, and is currently $4.18 billion as of their latest financial filing in 2024.

How has Expedia Group's book value per share changed over the last 9 years?

Over the last 9 years, Expedia Group's book value per share changed from 37.46 in 2015 to 12.13 in 2024, a change of -67.6%.

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This page (NASDAQ:EXPE) was last updated on 8/4/2025 by MarketBeat.com Staff

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Expedia Group (EXPE) Financials

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Expedia Group (EXPE) Financials

Annual Income Statements for Expedia Group

Quarterly Income Statements for Expedia Group

Annual Cash Flow Statements for Expedia Group

Quarterly Cash Flow Statements for Expedia Group

Annual Balance Sheets for Expedia Group

Quarterly Balance Sheets for Expedia Group

Annual Metrics And Ratios for Expedia Group

Quarterly Metrics And Ratios for Expedia Group

Key Financial Trends

Frequently Asked Questions About Expedia Group's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools