Expedia Group (EXPE) Financials

$162.52 -2.97 (-1.79%)

As of 04:00 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,234	797	352	-269	-2,687	565	406	378	282	764
Consolidated Net Income / (Loss)	1,224	688	343	15	-2,728	572	398	372	261	723
Net Income / (Loss) Continuing Operations	1,224	688	343	15	-2,728	572	398	372	261	723
Total Pre-Tax Income	1,542	1,018	538	-38	-3,151	775	485	417	277	926
Total Operating Income	1,319	1,033	1,085	186	-2,719	903	714	625	462	414
Total Gross Profit	13,691	12,839	11,667	8,598	3,550	10,001	9,359	8,303	7,177	5,363
Total Revenue	13,691	12,839	11,667	8,598	5,199	12,067	11,223	10,060	8,774	6,672
Operating Revenue	13,691	12,839	11,667	8,598	5,199	12,067	11,223	10,060	8,774	6,672
Total Cost of Revenue	0.00	0.00	0.00	0.00	1,649	2,066	1,864	1,757	1,597	1,310
Total Operating Expenses	12,372	11,806	10,582	8,412	6,269	9,098	8,645	7,678	6,715	4,949
Selling, General & Admin Expense	2,119	2,129	1,929	1,779	589	807	774	676	678	574
Marketing Expense	7,627	6,863	6,100	4,221	2,527	6,060	5,721	5,298	4,367	3,381
Depreciation Expense	838	807	792	814	893	910	959	-	-	-
Amortization Expense	1,443	1,573	1,657	1,522	-	-	-	275	317	156
Other Operating Expenses / (Income)	118	8.00	23	1.00	1,055	1,297	1,063	1,412	1,262	726
Impairment Charge	147	426	81	20	974	0.00	128	0.00	35	7.21
Restructuring Charge	80	0.00	0.00	55	231	24	0.00	17	56	105
Total Other Income / (Expense), net	223	-15	-547	-224	-432	-128	-229	-208	-185	512
Interest Expense	246	245	228	631	360	173	190	182	173	126
Interest & Investment Income	235	207	60	9.00	18	59	71	34	20	17
Other Income / (Expense), net	234	23	-379	398	-90	-14	-110	-60	-32	622
Income Tax Expense	318	330	195	-53	-423	203	87	45	16	203
Net Income / (Loss) Attributable to Noncontrolling Interest	-10	-109	-9.00	3.00	-116	7.00	-8.00	-6.00	-21	-42
Basic Earnings per Share	$9.39	$5.50	$2.24	($1.80)	($19.00)	$3.84	$2.71	$2.49	$1.87	$5.87
Weighted Average Basic Shares Outstanding	131.43M	144.97M	156.67M	149.73M	141.41M	147.19M	149.96M	151.62M	150.37M	130.16M
Diluted Earnings per Share	$8.95	$5.31	$2.17	($1.80)	($19.00)	$3.77	$2.65	$2.42	$1.82	$5.70
Weighted Average Diluted Shares Outstanding	137.92M	150.23M	161.75M	149.73M	141.41M	149.88M	152.89M	156.39M	154.52M	134.02M
Weighted Average Basic & Diluted Shares Outstanding	128.86M	136.29M	153.35M	155.75M	143.86M	139.99M	149.80M	151.80M	150.70M	130.20M

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Expedia Group's Financials

When does Expedia Group's financial year end?

According to the most recent income statement we have on file, Expedia Group's fiscal year ends in December. Their fiscal 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. Check out Expedia Group's forecast to explore projected trends and price targets.

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 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 5/20/2025 by MarketBeat.com Staff

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Expedia Group (EXPE) Financials

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