Expedia (EXPE)
NASDAQ:EXPE
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Expedia
(NASDAQ:EXPE)
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Rating:64Neutral
Price Target:
$242.00
▲(6.10% Upside)
Action:ReiteratedDate:03/31/26
EXPE scores well on profitability/cash generation and upbeat guidance for 2026, but the overall score is held back by elevated leverage and a weakened technical setup (trading below key moving averages). Valuation provides limited support with a higher P/E and modest dividend yield.
Positive Factors
Cash generation strength
Consistent high operating and free cash flow (~$3.9B OCF, ~$3.1B FCF in 2025) provides durable capacity to service debt, fund buybacks and a modestly higher dividend, and support product and supply investments. Strong cash conversion underpins strategic flexibility through cycles.
Negative Factors
Elevated leverage
High leverage (≈$6.7B debt against a thin equity base) materially limits balance‑sheet flexibility. Elevated obligations raise vulnerability to demand shocks, constrain discretionary investment and repurchases, and increase covenant and refinancing risk despite healthy cash flow, weakening financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation strength
Consistent high operating and free cash flow (~$3.9B OCF, ~$3.1B FCF in 2025) provides durable capacity to service debt, fund buybacks and a modestly higher dividend, and support product and supply investments. Strong cash conversion underpins strategic flexibility through cycles.
Read all positive factors
Expedia (EXPE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.95B
Dividend Yield0.56%
Average Volume (3M)2.18M
Price to Earnings (P/E)27.4
Beta (1Y)1.20
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. Volume1,484,307
30 Day Avg. Volume2,180,565
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/Revenue1.79
Enterprise Value/Gross Profit2.02
Enterprise Value/Ebitda9.25
Forecast
1Y Price Target
$276.00Price Target Upside21.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering27
EPS Forecast (FY)19.4
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
Negative
228.09
Price Trends
229.01
Negative
251.29
Negative
228.92
Negative
Market Momentum
-0.86
Positive
47.67
Neutral
42.14
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 228.09 is below the 20-day moving average (MA) of 232.16, below the 50-day MA of 229.01, and below the 200-day MA of 228.92, indicating a bearish trend. The MACD of -0.86 indicates Positive momentum. The RSI at 47.67 is Neutral, neither overbought nor oversold. The STOCH value of 42.14 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 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 | $78.62B | 33.13 | 30.88% | ― | 10.84% | -2.16% | |
71 Outperform | $33.82B | 10.21 | 20.98% | 0.39% | 17.34% | 91.50% | |
69 Neutral | $139.84B | 32.16 | -93.64% | 0.71% | 13.39% | -4.72% | |
64 Neutral | $27.95B | 27.45 | 114.29% | 0.56% | 7.61% | 9.99% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $1.25B | 45.50 | 6.10% | ― | 3.05% | 890.32% | |
50 Neutral | $3.88B | 276.78 | 31.18% | ― | 11.07% | -76.51% |
* Consumer Cyclical Sector Average
EXPE
Expedia
228.09
80.07
54.09%
TCOM
Trip.com Group Sponsored ADR
51.32
-5.43
-9.57%
MMYT
Makemytrip
40.85
-57.10
-58.30%
BKNG
Booking Holdings
173.46
-7.43
-4.11%
TRIP
TripAdvisor
10.92
-0.79
-6.75%
ABNB
Airbnb
128.96
15.74
13.90%
Expedia Corporate Events
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.