ExpediaEXPERevenue: is the business selling more than it used to?
$14.7B+8% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $14.7B in 2025, compounding +8% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $15.7B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPENet income: how much of that revenue becomes profit?
$1.3B+6% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $1.3B in 2025, compounding +56% a year over three years. Earnings per share moved +85% over the last twelve months. Trailing twelve-month profit stands at $2.0B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEHow fast is it growing, year by year?
+7.6%revenue growth, FY 2025
Off the axis: 2020 earnings -562.3% · 2022 earnings +2186.7% - rebounds off a collapsed prior year.
→Revenue grew +8% in 2025 against a five-year average of +25%. Earnings grew more slowly (+6%), so costs are absorbing part of the growth. 2020's swing into loss (-562%) and 2022's +2187% earnings rebound off a collapsed base sits off the axis.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPERevenue per share: is your slice growing as fast as the company?
$111.66revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $111.66 in 2025, compounding +16% a year against +8% for EXPE as a whole. Buybacks added roughly 7.6 points to your per-share result. Free cash flow per share stands at $23.57.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEFree cash flow: what is left in real cash after everything?
$3.1B+34% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $3.1B in 2025, compounding +4% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $4.5B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→21 cents of every sales dollar became free cash in 2025, down 3 points since 2022.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 5% of revenue (stock compensation 3%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 3 of the last 5 years, most recently +42% against +8%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin widened 3 points to 13% since 2022. After everything, 9 cents of each sales dollar reaches net profit. EXPE doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 169% sits well above ROCE of 24%. A meaningful share of the shareholder return is manufactured with leverage rather than operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEWhat has the market paid for EXPE over time?
19.2xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 19.2x earnings, the market is paying 56% less than EXPE's own 10-year median of 43.8x. Pessimism is priced in - the question is whether it is deserved.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEWhat cash return does the business throw off per dollar of market value?
13.1%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 13.1% of annual free cash flow, more than its 11-year median of 8.9% - the cash is cheaper than usual.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPECould it handle its debt if things went wrong?
→The company holds $6.7B in cash against $5.5B of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEIs the company's own capital growing?
→The company's own capital shrank from $1.5B in 2023 to $1.2B (-21%). Buybacks or losses are drawing the buffer down - the distinction matters.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEHow much goes back, and how much leaks out as stock comp?
→Shareholders received $1.9B in buybacks and $200M in dividends in 2025. Stock compensation issued $398M of new shares in the same year, offsetting 19% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEHow fast is your ownership being diluted - or concentrated?
→The share count shrank 4.3% in 2025, averaging 6.6% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEIs the dividend cheque growing?
→The dividend per share reached $1.52 in 2025, compounding +35% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPECan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 15% of profit and 6% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEDoes EXPE earn more on its capital than that capital costs?
→EXPE earns 24.0% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 10.1% in 2022, so the trend is up, and the pace is picking up. That is the highest in EXPE's filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEEXPE has issued or retired shares - did shareholders end up better off?
→EXPE has shrunk its share count -5% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +349% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
ExpediaEXPEAre the people running it buying or selling?
→Insiders sold $5M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 53 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30