# Expedia Group, Inc. Common Stock (EXPE) — Stock CV

Expedia Group, Inc. is a $32.9B industrial company. Revenue grew 12.0% over the last year, it keeps 13¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 16.2× earnings — near the lowest of its own history.

> Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of 2025 sales), air tickets (3%), rental cars, cruises, in-destination, and other (9%), and advertising revenue (8%).

## Identity

- **Ticker**: EXPE
- **Sector**: Industrials
- **Industry**: Transportation Services
- **Headquarters**: SEATTLE, WA
- **Employees**: 16 000
- **Website**: https://www.expediagroup.com
- **Market cap**: $32.9B
- **Last price**: $273.75
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $15.7B
- **Net income**: $2.04B
- **Free cash flow**: $4.46B
- **Net cash**: $1.26B
- **P/E**: 16.2
- **Revenue growth (YoY)**: 12.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 70 |
| Profitability | 90 |
| Health | 49 |
| Quality | 81 |
| Moat | 56 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +12.0% YoY
- [x] Profitable — $2.04B TTM
- [x] Profit growing — +65.3% YoY
- [x] Generates cash — $4.46B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $32.9B market cap
- [x] Not printing shares — -6.7% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 0.65%
- [x] Valuation not extreme — P/E 16.2

## Experience (career milestones)

- **FY2025** — Became debt-free: cash now exceeds total debt
- **FY2025** — Best year on record: $1.29B net income
- **2024** — Expedia Group launched Travel Shops, a platform that enables influencers and content creators to earn…
- **2023** — Expedia Group launched One Key, a unified loyalty program for Expedia, Hotels.com
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2020** — The Expedia CruiseShipCenters rebranded to Expedia Cruises with the tag line Air, Land & Sea Vacations
- **FY2017** — Revenue crossed $10B: $10.1B for the year
- **FY2016** — First recorded profitable year: $282M net income
- **FY2016** — Revenue already above $1B: $8.77B in first reported year
- **2011** — Expedia, Inc. spun off TripAdvisor
- **2007** — Expedia bought a "significant but non-controlling" interest in cruise vacation specialists…
- **2005** — IAC spun off the company
- **2001** — IAC, known at the time as USA Networks Inc, acquired a controlling interest in the company in 2001 and acquired the…
- **1996** — Founded as a division of Microsoft in October 1996, Expedia was spun off into a public company in 1999
- **1987** — CruiseShipCenters International was established as a travel agency franchise in Vancouver in 1987

## Strengths

- High gross margin (90.4%)
- Revenue growing 12.0% year over year
- Strong cash conversion — FCF is 28.4% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 7.2× by operating earnings

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.60B | $12.0M | $3.08B |
| FY2022 | $11.7B | $352M | $2.78B |
| FY2023 | $12.8B | $797M | $1.84B |
| FY2024 | $13.7B | $1.23B | $2.33B |
| FY2025 | $14.7B | $1.29B | $3.11B |

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Source: https://stockcv.com/EXPE — derived from company filings; may be delayed or incomplete. Information, not investment advice.