Expedia Group, Inc.

Listed Company

EXPECIK 0001324424NasdaqLarge AcceleratedTransportation ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$14.73B

Net Income

$1.29B

Total Assets

$24.45B

Equity

$1.28B

Shares Out

116.97M

Op. Cash Flow

$3.88B

Business

Expedia Group, Inc. is an online travel company that connects travelers, travel suppliers and partners through its platform and technology. It offers lodging and alternative accommodations, air, car rentals, packages, cruises, activities, insurance, and advertising and media services. It operates segments: B2C consumer brands (Brand Expedia, Hotels.com and Vrbo), B2B travel technology and distribution, and metasearch via trivago. Services are distributed globally through websites, mobile apps, APIs and white-label solutions, call centers, advertising channels and supplier partnerships.

Summary from filing dated 2025-02-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	14,733	13,691	12,839	11,667	8,598
Cost of revenue (exclusive of depreciation and amortization shown separately below)	1,456	1,443	1,573	1,657	1,522
Selling and marketing - direct	7,349	6,846	6,107	5,428	3,499
Selling and marketing - indirect	836	781	756	672	722
Technology and content	1,277	1,314	1,358	1,181	1,074
General and administrative	765	805	771	748	705
Depreciation and amortization	887	838	807	792	814
Impairment of goodwill	0	0	297	0	14
Impairment of intangible assets	0	147	129	81	—
Legal reserves, occupancy tax and other	185	118	8	23	1
Restructuring and related reorganization charges	107	80	0	0	55
Operating income	1,871	1,319	1,033	1,085	186
Interest income	255	235	207	60	9
Interest expense	−299	−246	−245	−277	—
Other, net	−236	234	23	−379	−58
Total other income (expense), net	−280	223	−15	−547	−224
Income before income taxes	1,591	1,542	1,018	538	−38
Provision for income taxes	−290	−318	−330	−195	53
Net income	1,301	1,224	688	343	15
Net (income) loss attributable to non-controlling interests	−7	10	109	9	−3
Net income attributable to Expedia Group, Inc.	1,294	1,234	797	352	12
Basic (in dollars per share)	10.32	9.39	5.5	2.24	−1.8
Diluted (in dollars per share)	9.81	8.95	5.31	2.17	−1.8
Basic (in shares)	125	131	145	157	150
Diluted (in shares)	132	138	150	162	150

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	5,413	4,183	4,225	4,096	4,111
Restricted cash and cash equivalents	1,563	1,391	1,436	1,755	1,694
Short-term investments	320	300	28	48	200
Accounts receivable, net of allowance of $74 and $55	4,166	3,213	2,786	2,078	1,264
Income taxes receivable	38	39	47	40	85
Prepaid expenses and other current assets	699	689	708	774	827
Total current assets	12,199	9,815	9,230	8,791	8,181
Property and equipment, net	2,447	2,413	2,359	2,210	2,180
Operating lease right-of-use assets	296	305	357	363	407
Long-term investments and other assets	1,387	1,698	1,238	1,184	1,450
Deferred income taxes	432	496	586	661	766
Intangible assets, net	819	817	1,023	1,209	1,393
Goodwill	6,872	6,844	6,849	7,143	7,171
TOTAL ASSETS	24,452	22,388	21,642	21,561	21,548
Accounts payable, merchant	2,188	2,031	2,041	1,709	1,333
Accounts payable, other	1,103	1,039	1,077	947	688
Deferred merchant bookings	10,428	8,517	7,723	7,151	—
Deferred revenue	163	164	164	163	166
Income taxes payable	56	51	26	21	16
Accrued expenses and other current liabilities	1,027	766	752	787	824
Current maturities of long-term debt	1,692	1,043	0	0	735
Total current liabilities	16,657	13,611	11,783	10,778	9,450
Long-term debt, excluding current maturities	4,469	5,223	6,253	6,240	7,715
Deferred income taxes	20	19	33	52	58
Operating lease liabilities	254	265	314	312	360
Other long-term liabilities	505	471	473	451	413
Commitments and contingencies	—	—	—	—	—
Common stock	0	0	0	0	0
Additional paid-in capital	16,565	16,043	15,398	14,795	14,229
Treasury stock Common stock and Class B, at cost, Shares: 181,749 and 171,515	−16,786	−14,856	−13,023	−10,869	−10,262
Retained earnings (deficit)	1,696	602	−632	−1,409	−1,761
Accumulated other comprehensive income (loss)	−191	−232	−209	−234	−149
Total Expedia Group, Inc. stockholders equity	1,284	1,557	1,534	2,283	2,057
Non-redeemable non-controlling interest	1,263	1,242	1,252	1,445	1,495
Total stockholders equity	2,547	2,799	2,786	3,728	3,552
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	24,452	22,388	21,642	21,561	21,548

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation of property and equipment, including internal-use software and website development	847	781	748	704	715
Amortization of stock-based compensation	398	458	413	374	418
Amortization of intangible assets	40	57	59	88	99
Impairment of goodwill and intangible assets	0	147	426	81	—
Deferred income taxes	78	74	62	70	−145
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net	−120	95	−16	128	105
Realized (gain) loss on foreign currency forwards, net	−128	40	0	78	16
(Gain) loss on minority equity investments, net	167	−289	−16	345	29
Other	124	79	55	17	32
Accounts receivable	−983	−467	−741	−838	−721
Prepaid expenses and other assets	−3	67	98	55	−224
Accounts payable, merchant	155	−10	332	375	777
Accounts payable, other, accrued expenses and other liabilities	163	−11	101	194	136
Tax payable/receivable, net	−17	46	−91	11	10
Deferred merchant bookings	1,858	794	572	1,464	2,642
Net cash provided by operating activities	3,880	3,085	2,690	3,440	3,748
Capital expenditures, including internal-use software and website development	−770	−756	−846	−662	−673
Purchases of investments	−628	−549	−28	−60	−201
Sales and maturities of investments	747	78	49	205	23
Other, net	120	−35	25	−63	−20
Net cash used in investing activities	−531	−1,262	−800	−580	−931
Proceeds from issuance of long-term debt, net of issuance costs	985	0	0	0	1,964
Payment of long-term debt	−1,044	0	0	−2,141	−1,706
Purchases of treasury stock	−1,930	−1,839	−2,137	−607	−165
Payment of dividends to stockholders	−200	0	0	—	—
Proceeds from exercise of equity awards and employee stock purchase plan	50	116	101	131	503
Other, net	3	−22	−60	15	−8
Net cash used in financing activities	−2,136	−1,745	−2,096	−2,624	−973
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents	189	−165	16	−190	−177
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	1,402	−87	−190	46	1,667
Cash paid for interest	213	231	231	291	342
Income tax payments, net	218	184	281	102	74

Filings

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