Expedia Group, Inc.
EXPEUSExpedia Group, Inc. operates as a leading online travel company, serving customers both within the United States and across international markets. The enterprise structures its extensive operations into three primary divisions: Retail, Business-to-Business (B2B), and Trivago. Its comprehensive brand portfolio caters to diverse travel needs. Key retail brands include Brand Expedia, a full-service online travel platform offering localized websites; Hotels.com, specializing in the marketing and distribution of lodging accommodations; and Vrbo, an online marketplace dedicated to alternative accommodation options. Other prominent travel booking websites under its umbrella are Orbitz, Travelocity, and CheapTickets. For the EMEA region, ebookers functions as an online travel agent, presenting travelers with a broad spectrum of choices, while Hotwire provides various travel booking services. Complementing these are CarRentals.com, an online car rental booking service; Classic Vacations, a specialist in luxury travel experiences; and Expedia Cruise, which guides travelers in booking cruises. In the B2B sphere, Expedia Partner Solutions offers travel and non-travel vertical services to a wide array of clients, including corporate travel management firms, airlines, travel agents, online retailers, and financial institutions. Egencia, another key brand, focuses specifically on delivering corporate travel management services. Further extending its reach, the portfolio also features Trivago, a hotel metasearch website that refers users to online travel companies and service providers, alongside Expedia Group Media Solutions. The company also provides online travel services through several regional brands like Wotif.com, lastminute.com.au, travel.com.au, Wotif.co.nz, and lastminute.co.nz. Beyond brand-specific offerings, Expedia Group, Inc. delivers loyalty programs, a wide array of hotel and alternative accommodation choices, and advertising and media services. Serving both individual leisure travelers and corporate clients, the company was initially founded as Expedia, Inc. in 1996. It subsequently rebranded to Expedia Group, Inc. in March 2018, and its headquarters are located in Seattle, Washington.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Internet & Digital Commerce
- Sub-sector
- Travel & Booking
- Listing
- EXPE
- Country
- US
EV / LTM Revenue
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | 36% | 10% | 7% | 8% | 9% | 7% |
| Revenue | $8.60B | $11.67B | $12.84B | $13.69B | $14.73B | $16.01B | $17.13B |
| Gross Profit | $7.08B | $10.01B | $11.27B | $12.25B | $13.28B | — | — |
| Gross Profit Margin | 82.3% | 85.8% | 87.7% | 89.5% | 90.1% | — | — |
| EBITDA | $1.13B | $1.61B | $1.95B | $2.63B | $2.78B | $4.26B | $4.56B |
| EBITDA Margin | 13.1% | 13.8% | 15.2% | 19.2% | 18.8% | 26.6% | 26.6% |
| EBIT | $186M | $1.08B | $1.03B | $1.32B | $2.16B | $3.80B | $4.07B |
| Net Income | $12M | $352M | $797M | $1.23B | $1.29B | $2.43B | $2.70B |
| Free Cash Flow | $3.08B | $2.78B | $1.84B | $2.89B | $3.69B | — | — |
| FCF Margin | 35.8% | 23.8% | 14.4% | 21.1% | 25.1% | — | — |
| Short-Term Debt | $735M | $0M | $0M | $1.04B | $1.69B | — | — |
| Long-Term Debt | $7.71B | $6.24B | $6.25B | $5.22B | $4.72B | — | — |
| Cash & Cash Equivalents | $4.11B | $4.10B | $4.22B | $4.18B | $6.98B | — | — |
| Net Debt | $4.34B | $2.14B | $2.03B | $2.08B | ($561M) | — | — |
| Net Debt / EBITDA | 3.9x | 1.3x | 1.0x | 0.8x | -0.2x | — | — |
| Rule of 40 | — | 59.5% | 24.4% | 27.8% | 32.7% | — | — |