Expedia (EXPE)
NASDAQ:EXPE
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Expedia
(NASDAQ:EXPE)
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Rating:67Neutral
Price Target:
$250.00
▼(-5.96% Downside)
Action:Reiterated
Date:05/09/26
Strong fundamentals and a positive earnings call (profitability, free cash flow, and margin expansion with reiterated guidance) support the score, but weak technical positioning (trading below major moving averages with subdued momentum) and a demanding valuation (very high P/E with a modest yield) materially limit the overall rating.
Positive Factors
Cash generation
Expedia's robust operating and free cash flow (TTM ~$4.9B and ~$4.7B) provide a durable internal funding source. Strong cash generation supports continued capex, AI investments, dividends and buybacks, enables further deleveraging or opportunistic M&A, and cushions cyclicality in travel demand.
Negative Factors
Balance-sheet inconsistency
Expedia's capital-structure history shows periods of elevated leverage, which can constrain flexibility for investments or shocks. Although recent TTM deleveraging materially improved metrics, equity levels remain small and prior leverage volatility means maintaining lower debt is critical to avoid renewed financing pressure or reduced strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Expedia's robust operating and free cash flow (TTM ~$4.9B and ~$4.7B) provide a durable internal funding source. Strong cash generation supports continued capex, AI investments, dividends and buybacks, enables further deleveraging or opportunistic M&A, and cushions cyclicality in travel demand.
Read all positive factors
Expedia Key Performance Indicators (KPIs)
Any
Revenue by Segment
Highlights income from different business areas, showcasing which segments drive growth and profitability, and indicating strategic focus.
Highlights income from different business areas, showcasing which segments drive growth and profitability, and indicating strategic focus.
Data provided by:
The Fly
The FlyExpedia (EXPE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.18B
Dividend Yield0.56%
Average Volume (3M)1.71M
Price to Earnings (P/E)113.4
Beta (1Y)1.27
Revenue Growth10.01%
EPS Growth33.63%
CountryUS
Employees16,500
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)11.99
Shares Outstanding114,498,630
10 Day Avg. Volume2,209,423
30 Day Avg. Volume1,712,468
Financial Highlights & Ratios
PEG Ratio2.77
Price to Book (P/B)27.66
Price to Sales (P/S)2.41
P/FCF Ratio11.42
Enterprise Value/Market Cap0.82
Enterprise Value/Revenue1.42
Enterprise Value/Gross Profit1.57
Enterprise Value/Ebitda6.98
Forecast
1Y Price Target
$285.48Price Target Upside7.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)19.67
Revenue Forecast (FY)$16.00B
Expedia Business Overview & Revenue Model
Company Description
Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio include Brand Expedia, a full-service online travel brand with l...
How the Company Makes Money
Expedia primarily makes money by facilitating travel bookings and earning revenue from travel suppliers and travelers through several models. (1) Agency model: Expedia acts as an agent for travel suppliers (commonly hotels and other lodging) by li...
Expedia Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented a materially positive quarter: double-digit bookings and revenue growth, substantial margin expansion (nearly 6 points), strong free cash flow and balance sheet actions, meaningful AI-driven productivity gains, and solid consumer and B2B momentum. However, management was candid about near-term headwinds from geopolitical events (Middle East conflict, Mexico advisories) that elevated cancellations in March, moderating partner promotions in B2B, and rising AI-related investment costs. The company maintained a cautious but constructive outlook given ongoing macro volatility.Positive Updates
Top-Line Growth
Gross bookings grew 13% to $35.5 billion and revenue increased 15% to $3.4 billion (FX contributed ~3 points to bookings and ~5 points to revenue).
Negative Updates
March Volatility from Geopolitical Events
Conflict in the Middle East and travel advisories in Mexico drove elevated cancellations (Middle East <2% of total bookings but caused cancellations across Europe and Asia), slowing demand in March; management estimates bookings and room night growth would have been ~2 points higher excluding these impacts.
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth
Gross bookings grew 13% to $35.5 billion and revenue increased 15% to $3.4 billion (FX contributed ~3 points to bookings and ~5 points to revenue).
Read all positive updates
Company Guidance
Following a Q1 beat (gross bookings $35.5B, +13%; revenue $3.4B, +15%; adjusted EBITDA $542M, 15.8% margin), Expedia reiterated forward guidance: Q2 gross bookings growth of 7–9% and revenue growth of 9–11% (with current FX tailwinds of ~0.5 point to bookings and ~4 points to revenue) and Q2 adjusted EBITDA margins expected to be up 50–100 basis points; for the full year the company again expects gross bookings growth of 6–8% and revenue growth of 6–9% (including roughly 1 point and 2 points of FX tailwind to bookings and revenue, respectively) and total EBITDA margin expansion of 100–125 basis points (management expects to land at the high end of that range based on Q1/Q2 trends), while noting the outlook could have upside but is being prudently maintained given ongoing geopolitical and macro uncertainty.Expedia Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
55
Neutral
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.17B | 14.73B | 13.69B | 12.84B | 11.67B | 8.60B |
| Gross Profit | 13.70B | 13.28B | 12.25B | 11.27B | 10.01B | 7.08B |
| EBITDA | 3.08B | 2.78B | 2.63B | 2.07B | 1.61B | 1.13B |
| Net Income | 1.49B | 1.29B | 1.23B | 797.00M | 352.00M | 12.00M |
Balance Sheet | ||||||
| Total Assets | 26.46B | 24.45B | 22.39B | 21.64B | 21.56B | 21.55B |
| Cash, Cash Equivalents and Short-Term Investments | 8.04B | 7.30B | 4.48B | 4.25B | 4.14B | 4.31B |
| Total Debt | 4.71B | 6.67B | 6.53B | 6.57B | 6.55B | 8.81B |
| Total Liabilities | 24.62B | 21.91B | 19.59B | 18.86B | 17.83B | 18.00B |
| Stockholders Equity | 576.00M | 1.28B | 1.56B | 1.53B | 2.28B | 2.06B |
Cash Flow | ||||||
| Free Cash Flow | 4.69B | 3.11B | 2.33B | 1.84B | 2.78B | 3.08B |
| Operating Cash Flow | 4.86B | 3.88B | 3.08B | 2.69B | 3.44B | 3.75B |
| Investing Cash Flow | -587.00M | -531.00M | -1.26B | -800.00M | -580.00M | -931.00M |
| Financing Cash Flow | -4.32B | -2.14B | -1.75B | -2.10B | -2.62B | -973.00M |
Expedia Technical Analysis
Negative
265.84
Price Trends
237.23
Negative
243.47
Negative
238.15
Negative
Market Momentum
-7.96
Positive
35.23
Neutral
42.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXPE, the sentiment is Negative. The current price of 265.84 is above the 20-day moving average (MA) of 231.92, above the 50-day MA of 237.23, and above the 200-day MA of 238.15, indicating a bearish trend. The MACD of -7.96 indicates Positive momentum. The RSI at 35.23 is Neutral, neither overbought nor oversold. The STOCH value of 42.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EXPE.
Expedia Risk Analysis
Expedia disclosed 10 risk factors in its most recent earnings report. Expedia reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Expedia Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $80.91B | 117.99 | 31.24% | ― | 13.18% | 2.35% | |
67 Neutral | $26.18B | 113.42 | 154.33% | 0.56% | 10.01% | 33.63% | |
66 Neutral | $31.53B | 19.53 | 21.02% | 0.39% | 17.27% | 94.65% | |
62 Neutral | $123.73B | 30.71 | -95.80% | 0.71% | 14.95% | 17.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $4.08B | 73.40 | -38.21% | ― | 6.71% | -41.74% | |
52 Neutral | $1.15B | -9.49 | 2.86% | ― | 2.03% | -64.68% |
* Consumer Cyclical Sector Average
EXPE
Expedia
214.65
56.96
36.12%
TCOM
Trip.com Group Sponsored ADR
46.37
-15.96
-25.61%
MMYT
Makemytrip
42.75
-60.62
-58.64%
BKNG
Booking Holdings
161.06
-50.63
-23.92%
TRIP
TripAdvisor
10.08
-3.61
-26.37%
ABNB
Airbnb
132.35
2.95
2.28%
Expedia Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Expedia Delivers Record Q1 Profitability and Boosts Capital Returns
Positive
May 7, 2026
Expedia Group, the U.S.-listed online travel company, reported first-quarter 2026 results on May 7, 2026, posting 13% growth in gross bookings to $35.53 billion and a 15% rise in revenue to $3.43 billion, with B2B revenue up 25%. The company swung...
Executive/Board Changes
Expedia Appoints Derek Andersen as New Chief Financial Officer
Positive
Apr 23, 2026
Expedia Group announced on April 23, 2026, that Derek Andersen will become chief financial officer effective May 11, 2026, succeeding Scott Schenkel, who is stepping down after a 16‑month tenure and will depart the company on May 16, 2026. T...
Business Operations and StrategyPrivate Placements and Financing
Expedia Issues $1 Billion Senior Notes for Financing
Neutral
Apr 10, 2026
On April 8, 2026, Expedia Group, Inc. entered into an underwriting agreement with a syndicate of banks to issue $1 billion of 5.500% senior unsecured notes due April 15, 2036, and it completed the sale on April 10, 2026, generating approximately $...
Business Operations and StrategyPrivate Placements and Financing
Expedia Establishes New $2.5 Billion Revolving Credit Facility
Positive
Mar 30, 2026
On March 27, 2026, Expedia Group, Inc. entered into a new unsecured $2.5 billion revolving credit facility with a $120 million letter-of-credit sublimit, led by JPMorgan Chase Bank, N.A., maturing on March 27, 2031. The facility, which had no loan...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Expedia Delivers Strong 2025 Results and Raises Dividend
Positive
Feb 12, 2026
Expedia Group reported its fourth‑quarter and full‑year 2025 results on February 12, 2026, posting double‑digit year‑on‑year gains in gross bookings and revenue, 9% growth in room nights, and a 32% jump in adjusted EB...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.