Expedia Group, Inc. (EXPE)
Consumer Discretionary · Hotels, Resorts & Cruise Lines · US stock · S&P 500 component
$298.49
▲ +12.85 (4.50%)
Fair valueFair
$326 +9.2% to fair value
$163fair band $277–$395$489
Day's range
$281.32 – $299.94
52-week range
$185.34 – $342.00
About Expedia Group, Inc.
Expedia Group operates online travel brands including Expedia, Hotels.com and Vrbo, along with a business-to-business platform that supplies travel booking technology to partners. Travelers use these sites to book lodging, flights, car rentals and activities. The company earns revenue mainly from commissions and fees on bookings, from advertising on its platforms, and from fees paid by corporate and travel-agency partners that use its services.
Sales reached $15.7 billion in the last twelve months, having grown 8.1% a year over the past three years. Operating profit equals 16.0% of revenue. Net debt to EBITDA is -0.5 times, which means the company holds more cash than debt. It pays a dividend, and the yield is 0.6%. Overall, the X-Ray Score is 62 out of 100.
Price chart
52-wk range $185.34 – $342.00Volume 1,346,013Daily, split-adjusted
Vitals
Market cap$36.6B
52-week range$185.34 – $342.00
Volume (last day)1,346,013
P/E (TTM)18.5
EBIT / EV yield7.2%
Free-cash-flow yield12.2%
Dividend yield0.6%
Revenue (TTM)$15.7B
Net income (TTM)$2.0B
Operating margin16.0%
Return on capital–
Debt incl. leases$5.5B
Cash & securities$7.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$326middle half of models $308 – $367
Fair
+9.2% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $298
Undervalued < $277Fair $277 – $395Overvalued > $395
P/E multiple
$316
P/B multiple
$209
P/S multiple
$306
EV/EBITDA multiple
$398
EV/EBIT multiple
$367
EV/revenue multiple
$333
10-year DCF, EBITDA exit
$384
5-year DCF, EBITDA exit
$367
10-year DCF, revenue exit
$381
5-year DCF, revenue exit
$358
10-year DCF, growth exit
$356
5-year DCF, growth exit
$336
Dividend discount, stable · not used
$87
Dividend discount, multi-stage
$150
Earnings power value
$301
Growth the price implies
6.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
74/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.2%
Free-cash-flow yield12.2%
Fair value vs price1.1×
Growth
Fair
67/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)8.1%
EPS growth (3y)65.3%
Growth consistency100%
Profitability
Fair
64/100
Returns on capital are typical for its sector.
See the numbers →
Operating margin16.0%
Financial health
Fair
52/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA-0.5×
Interest cover7.1×
Dividends
Weak
38/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.6%
Dividends vs free cash flow5%
Quarterly results: last 6 quarters
+3.4%
Mar '25
+6.4%
Jun '25
+8.7%
Sep '25
+11.4%
Dec '25
+14.7%
Mar '26
+14.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.3B, diluted EPS $7.16.
Compare with peers
BKNG Booking Holdings Inc.70 CCL Carnival Corp Ltd.56 ABNB Airbnb, Inc.52 NCLH Norwegian Cruise Line...47Other Hotels, Resorts & Cruise Lines companies by X-Ray Score.
SWOT analysis: Expedia Group, Inc.
Strengthsinside the company
- Earnings per share have compounded at 65.3% a year over three years.
- Free cash flow equals 12.2% of the market value, which funds dividends, buybacks or debt paydown.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Trades at 17.9x earnings, 37% below the 28.2x median of industry peers.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare EXPE with peers and sector
Medians of 7 Hotels, Resorts & Cruise Lines peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): BKNG 70, MAR 42, ABNB 52, HLT 39, RCL 43, CCL 56.
| Metric | EXPE | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 62 | 47 | 50 |
| Valuation | 74 | 24 | 48 |
| Growth | 67 | 77 | 50 |
| Profitability | 64 | 52 | 52 |
| Financial health | 52 | 42 | 49 |
| Dividends | 38 | 41 | 52 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
EXPE ranks #8 of 47 in Consumer Discretionary and #2 of 8 in Hotels, Resorts & Cruise Lines by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for EXPE
Each factor is rated by where EXPE stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 10 Good · 5 Average · 5 Bad of 20
Growth: 1 · 2 · 0
Profitability: 2 · 1 · 0
Financial strength: 2 · 0 · 2
Valuation: 2 · 2 · 1
Cash flow: 3 · 0 · 1
Efficiency: 0 · 0 · 1
| Factor | EXPE | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +8.1% | Average beats 66% | +6.5% | – | – |
| Revenue growth, last year | +7.6% | Average beats 62% | +4.9% | +10.0% | ▼ Worse |
| EPS growth, 3 years a year | +65.3% | Good beats 99% | +4.0% | – | – |
| Profitability | |||||
| Operating margin | 16.0% | Average beats 59% | 14.9% | 9.3% | ▲ Better |
| Net margin | 13.0% | Good beats 75% | 11.4% | 5.4% | ▲ Better |
| Return on equity | 169.0% | Good beats 93% | 35.3% | 44.9% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | -0.5x | Good beats 88% | 1.8x | 1.1x | ▲ Better |
| Interest cover | 7.1x | Bad beats 28% | 25.3x | 4.2x | ▲ Better |
| Current ratio | 0.80 | Bad beats 27% | 1.10 | 0.78 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 76% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 17.9x | Average beats 61% | 21.1x | 33.1x | ▲ Better |
| Price / book | 30.3x | Bad beats 7% | 7.2x | 14.9x | ▼ Worse |
| Price / sales | 2.3x | Average beats 48% | 2.1x | 1.9x | ▼ Worse |
| EV / EBITDA | 10.2x | Good beats 72% | 15.0x | 13.5x | ▲ Better |
| Free cash flow yield | 12.2% | Good beats 92% | 4.3% | 9.1% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 28.4% | Good beats 95% | 10.8% | 21.1% | ▲ Better |
| Cash from operations / net income | 2.55 | Good beats 81% | 1.37 | 3.91 | ▼ Worse |
| Free cash flow growth, 3 years a year | +3.8% | Bad beats 33% | +12.1% | – | – |
| Accruals (lower is better) | −10.9% | Good beats 99% | −5.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 134 days | Bad beats 1% | 14 days | 79 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 7 Good · ● 3 Average · ● 4 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAGood
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 66/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $8.6B | $11.7B | $12.8B | $13.7B | $14.7B |
| Operating income | $186M | $1.1B | $1.0B | $1.3B | $1.9B |
| Net income | $15M | $343M | $688M | $1.2B | $1.3B |
| Operating cash flow | $3.7B | $3.4B | $2.7B | $3.1B | $3.9B |
| Operating margin | 2.2% | 9.3% | 8.0% | 9.6% | 12.7% |
| Free cash flow | $3.1B | $2.8B | $1.8B | $2.3B | $3.1B |
| Diluted EPS | $-1.80 | $2.17 | $5.31 | $8.95 | $9.81 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 284.8 | Bullish |
| EMA 10 | 286.3 | Bullish |
| SMA 20 | 274.2 | Bullish |
| EMA 20 | 281.7 | Bullish |
| SMA 50 | 291.2 | Bullish |
| EMA 50 | 282.2 | Bullish |
| SMA 100 | 278.1 | Bullish |
| EMA 100 | 276.6 | Bullish |
| SMA 200 | 258.8 | Bullish |
| EMA 200 | 262.1 | Bullish |
Oscillators (daily)
| RSI (14) | 59.88 | Neutral |
| MACD (12, 26) | 3.10 | Bullish |
| Momentum (12) | 14.77 | Bullish |
| Stochastic %K (14) | 93.18 | Bearish |
| Williams %R (14) | -6.82 | Bearish |
| CCI (20) | 119.2 | Bearish |
Pivot points (classic, last session)
S3 267.9 | S2 274.6 | S1 286.6 | Pivot 293.3 | R1 305.2 | R2 311.9 | R3 323.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.84 USD
Yield on today's price
0.62%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.4800 | |
| 0.4800 | |
| 0.4800 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.4000 | |
| 0.3400 | |
| 0.3400 | |
| 0.3400 | |
| 0.3200 | |
| 0.3200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold EXPE
| ETF | Share of the fund |
|---|---|
| VFLO VictoryShares Free Cash Flow | 3.41% |
| CALF Pacer US Small Cap Cash Cows 100 | 2.47% |
| JETS U.S. Global Jets | 1.97% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 1.74% |
| COWZ Pacer US Cash Cows 100 | 1.58% |
| RDVY First Trust Rising Dividend Achievers | 1.51% |
| RPG Invesco S&P 500 Pure Growth | 1.41% |
| IWP iShares Russell Mid-Cap Growth | 0.80% |
The eight funds with the largest weight in EXPE among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
EXPE stock splits
EXPE has split its stock once since 2011. The latest was a 1-for-2 reverse split on 21 Dec 2011.
Full EXPE stock split history →EXPE SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Other events
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.