Expedia Group (EXPE)

Consumer Discretionary · $30.4B market cap · SEC CIK 0001324424

Next reports on Feb 10, 2027, after the close, with analysts expecting $4.45 in earnings per share.

52-week range $185.34 to $342.00. 26% below its 52-week high and 37% above its low.

The case for EXPE

• Cheap for its growth: 14.4× earnings, where 20% a year of growth plus a 0.7% dividend would justify about 39×.
• Generated $3.1B of free cash flow in FY2025, 21% of revenue.
• Holds more cash ($5.4B) than long-term debt ($4.5B).
• Free cash flow of 10.2% of its market value a year: a lot of cash for the price.
• Revenue growing 12.9% year over year.
• Earnings per share up 64.0%.

The case against

• Growth is slowing: revenue up 12.9% this year against 23.2% a year over five.
• Current liabilities exceed current assets (ratio 0.77).
• The price trend is weak (37/100): +0.4% over a year, −17.5% over three months, 26% below its 52-week high.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Consumer Discretionary companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Equity is a sliver of assets, so return on assets stands in for return on equity, and price-to-book and debt-to-equity are left out.
• Each factor except momentum is half fixed thresholds, half rank among the 48 Consumer Discretionary companies.

The financials

The financials, five years deep

Pulled from Expedia Group's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Expedia Group says it does

, under the caption “Market Opportunity and Business Strategy.” We may not realize the benefits we expect to achieve from these and our other strategic initiatives or our efforts may negatively impact our business and operations due to a variety of factors, including, but not limited to, unexpected delays, operational or technological challenges, or higher than expected costs or expenses. As a result, our business operations, financial condition and results of operations could be materially and adversely impacted. We are exposed to various counterparty risks. We are exposed to the risk that various counterparties, including financial entities, will fail to perform. This creates risk in a number of areas, including with respect to our significant bank deposits and investments, foreign exchange risk management, insurance coverages, letters of credit, and for certain of our transactions, the receipt and holding of traveler payments and…

Risk factors EXPE lists in its 10-K

• Company Website and Public Filings
• We operate in an intensely competitive global environment and we may be unable to compete successfully with our current or future competitors
• Declines or disruptions in the travel industry could adversely affect our business and financial performance
• Our business depends on our relationships with travel suppliers and other B2B partners
• Our business could be negatively affected by changes in search engine algorithms and dynamics or other traffic-generating arrangements
• We rely on the value of our brands, and the costs of maintaining and enhancing our brand awareness are increasing
• We are subject to payments-related risks
• Third-Party Payment Service Providers
• We work closely with various business partners and rely on third-parties for many systems and services, and therefore could be harmed by their activities
• Our international operations involve additional risks and our exposure to these risks will increase as our business expands globally
• Acquisitions, investments, divestitures or significant commercial arrangements could result in operating and financial difficulties
• Valuation & Financial Underperformance
• We rely on the performance of our employees and, if we are unable to retain, motivate or hire qualified personnel, our business would be harmed
• We may not achieve some or all of the expected benefits of our strategic initiatives or our efforts to increase our operational efficiencies, which may adversely affect our business
• We are exposed to various counterparty risks
• Our use of AI technologies in our products, services and operations present significant risks that could materially harm our business, reputation and financial performance
• System interruption, security breaches and unplanned outages in our information systems, or those of third-party providers on which we rely, may harm our businesses
• We are subject to privacy regulations, and compliance with these regulations could impose significant compliance burdens
• Our alternative accommodations business is subject to significant and evolving regulatory and legal risks, which could have a material adverse effect on our operations and financial results
• Application of existing tax laws, rules, or regulations are subject to interpretation by taxing authorities
• We could be subject to changes in tax rates, the adoption of new U.S. or international tax legislation, or exposure to additional tax liabilities
• We are involved in various legal proceedings and may experience unfavorable outcomes, which could adversely affect our business and financial condition
• We cannot be sure that our intellectual property and proprietary information is protected from all forms of copying or use by others, including potential competitors
• We may experience constraints in our liquidity due to factors out of our control and may be unable to access capital when necessary or desirable, either of which could harm our financial position
• Our indebtedness could adversely affect our business and financial condition
• Mr. Diller may be deemed to beneficially own shares representing approximately 32% of the outstanding voting power of Expedia Group
• Actual or potential conflicts of interest may develop between Expedia Group management and directors, on the one hand, and the management and directors of IAC, on the other
• Climate change may have an adverse impact on our business
• Our stock price is highly volatile

Filings

Other Consumer Discretionary companies