Expedia (EXPE)
NASDAQ:EXPE
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Expedia
(NASDAQ:EXPE)
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Rating:68Neutral
Price Target:
$288.00
▲(8.34% Upside)
Action:ReiteratedDate:04/24/26
EXPE scores well on operating performance, cash generation, and a constructive technical trend, reinforced by positive near-term guidance and margin expansion expectations. The overall score is held back mainly by balance-sheet leverage risk and a valuation that offers limited margin of safety, with additional caution from short-term overbought signals and noted regional/macro headwinds.
Positive Factors
Strong cash generation and liquidity
Expedia’s consistent FCF (≈$3.1B in 2025) and ~$5.7B in unrestricted cash underpin durable financial flexibility. Over the next 2–6 months this cash generation supports debt servicing, opportunistic buybacks/dividends, and reinvestment, reducing refinancing vulnerability despite elevated leverage.
Negative Factors
Elevated leverage and thin equity base
High gross debt relative to a small equity cushion materially limits financial flexibility. In a protracted slowdown this leverage raises refinancing, covenant and rating risk, constrains strategic optionality, and increases the company’s sensitivity to macro shocks over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and liquidity
Expedia’s consistent FCF (≈$3.1B in 2025) and ~$5.7B in unrestricted cash underpin durable financial flexibility. Over the next 2–6 months this cash generation supports debt servicing, opportunistic buybacks/dividends, and reinvestment, reducing refinancing vulnerability despite elevated leverage.
Read all positive factors
Expedia (EXPE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.86B
Dividend Yield0.56%
Average Volume (3M)1.74M
Price to Earnings (P/E)27.4
Beta (1Y)1.30
Revenue Growth7.61%
EPS Growth9.99%
CountryUS
Employees16,500
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)3.78
Shares Outstanding117,011,420
10 Day Avg. Volume1,687,654
30 Day Avg. Volume1,739,170
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 Cap0.94
Enterprise Value/Revenue1.97
Enterprise Value/Gross Profit2.22
Enterprise Value/Ebitda10.17
Forecast
1Y Price Target
$275.44Price Target Upside3.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering26
EPS Forecast (FY)19.42
Revenue Forecast (FY)$15.95B
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 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 Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call communicated broad operational momentum: double-digit overall bookings and revenue growth (11%), outsized B2B strength (+24%), advertising reacceleration, substantial margin expansion in the quarter (nearly four points) and strong cash generation. Product, supply and service improvements (faster sites, larger property counts, record self-service and reduced agent wait times) support durable growth. Headwinds include a slowdown in parts of Asia/rest of world, modest near-term margin pressure in B2B from deliberate investments, higher total sales & marketing driven by B2B dynamics, and continued macro uncertainty that tempers the outlook. On balance, positive operational and financial results notably outweigh the challenges called out.Positive Updates
Strong Top-Line Growth
Gross bookings and revenue each grew 11% year-over-year; gross bookings were $27,000,000,000 and revenue was $3,500,000,000. Foreign exchange added ~1 point to bookings growth and ~2 points to revenue growth.
Negative Updates
Slowdown in Rest of World / Asia Headwinds
Growth in the rest of world slowed as issues in Asia weighed on performance for multiple quarters, contrasting with stronger U.S. and EMEA trends.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Top-Line Growth
Gross bookings and revenue each grew 11% year-over-year; gross bookings were $27,000,000,000 and revenue was $3,500,000,000. Foreign exchange added ~1 point to bookings growth and ~2 points to revenue growth.
Read all positive updates
Company Guidance
The company guided to a strong start to 2026 with Q1 gross bookings growth of 10–12% and revenue growth of 11–13% (assuming roughly +3 points FX benefit to bookings and +4 points to revenue), and expects Q1 EBITDA margins to be up ~3–4 points (noting Q1 is the lowest EBITDA quarter so prior cost actions have an outsized impact). For the full year it sees gross bookings growth of 6–8% and revenue growth of 6–9% (including ~1 point FX tailwind to bookings and ~2 points to revenue), and expects full‑year EBITDA margin expansion of about 100–125 basis points; management also reiterated commitment to opportunistic share repurchases and modestly higher dividend and to maintaining debt in line with an investment‑grade rating.Expedia Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
46
Neutral
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.73B | 13.69B | 12.84B | 11.67B | 8.60B |
| Gross Profit | 12.39B | 12.25B | 11.27B | 10.01B | 7.08B |
| EBITDA | 2.87B | 2.63B | 2.07B | 1.61B | 1.13B |
| Net Income | 1.29B | 1.23B | 797.00M | 352.00M | 12.00M |
Balance Sheet | |||||
| Total Assets | 24.45B | 22.39B | 21.64B | 21.56B | 21.55B |
| Cash, Cash Equivalents and Short-Term Investments | 7.30B | 4.48B | 4.25B | 4.14B | 4.31B |
| Total Debt | 6.67B | 6.53B | 6.57B | 6.55B | 8.81B |
| Total Liabilities | 21.91B | 19.59B | 18.86B | 17.83B | 18.00B |
| Stockholders Equity | 1.28B | 1.56B | 1.53B | 2.28B | 2.06B |
Cash Flow | |||||
| Free Cash Flow | 3.11B | 2.33B | 1.84B | 2.78B | 3.08B |
| Operating Cash Flow | 3.88B | 3.08B | 2.69B | 3.44B | 3.75B |
| Investing Cash Flow | -531.00M | -1.26B | -800.00M | -580.00M | -931.00M |
| Financing Cash Flow | -2.14B | -1.75B | -2.10B | -2.62B | -973.00M |
Expedia Technical Analysis
Positive
265.84
Price Trends
228.69
Positive
251.75
Positive
231.05
Positive
Market Momentum
5.93
Negative
67.65
Neutral
89.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EXPE, the sentiment is Positive. The current price of 265.84 is above the 20-day moving average (MA) of 236.46, above the 50-day MA of 228.69, and above the 200-day MA of 231.05, indicating a bullish trend. The MACD of 5.93 indicates Negative momentum. The RSI at 67.65 is Neutral, neither overbought nor oversold. The STOCH value of 89.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EXPE.
Expedia Risk Analysis
Expedia disclosed 9 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 | $85.57B | 33.13 | 30.88% | ― | 10.84% | -2.16% | |
71 Outperform | $35.15B | 19.53 | 20.98% | 0.39% | 17.27% | 94.65% | |
68 Neutral | $30.86B | 27.45 | 114.29% | 0.56% | 7.61% | 9.99% | |
62 Neutral | $131.44B | 30.71 | -93.64% | 0.71% | 14.95% | 17.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $4.57B | 276.78 | 31.18% | ― | 11.07% | -76.51% | |
52 Neutral | $1.33B | 45.50 | 6.10% | ― | 3.05% | 890.32% |
* Consumer Cyclical Sector Average
EXPE
Expedia
251.84
87.56
53.30%
TCOM
Trip.com Group Sponsored ADR
54.22
-6.27
-10.37%
MMYT
Makemytrip
48.20
-65.01
-57.42%
BKNG
Booking Holdings
169.63
-36.44
-17.68%
TRIP
TripAdvisor
11.56
-1.17
-9.19%
ABNB
Airbnb
141.66
16.77
13.43%
Expedia Corporate Events
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.