Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Expedia Group

EXPE stock analysis · Consumer Discretionary · Hotels, Resorts & Cruise Lines

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$255.88HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$29.3B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$412.64

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · 61.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

-6.0%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

12.9%

7 industry peers · median 25.6×

How this is calculated ↗
Valuation

Historical multiples

27.8×

4 annual observations · snapshot P/E 22.6× · -18.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

10.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

52.1%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

52/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

9.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

7.1%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-11.0%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

4.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 3.9B2020-12-31: cfo -$3,834,000,000.00 (negative; lower scale compressed)2020-12-31: capex $797,000,000.0020202021-12-31: cfo $3,748,000,000.002021-12-31: capex $673,000,000.0020212022-12-31: cfo $3,440,000,000.002022-12-31: capex $662,000,000.0020222023-12-31: cfo $2,690,000,000.002023-12-31: capex $846,000,000.0020232024-12-31: cfo $3,085,000,000.002024-12-31: capex $756,000,000.0020242025-12-31: cfo $3,880,000,000.002025-12-31: capex $770,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$517.57$564.72$615.41
10.0%$379.27$412.64$448.47
12.0%$299.22$324.68$351.98

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3114.7B1.3B3.9B770M24.5B
2024-12-3113.7B1.2B3.1B756M22.4B
2023-12-3112.8B688M2.7B846M21.6B
2022-12-3111.7B343M3.4B662M21.6B
2021-12-318.6B15M3.7B673M21.5B
2020-12-315.2B-2.7B-3.8B797M18.7B
2019-12-3112.1B572M2.8B1.2B21.4B
2018-12-3111.2B398M2B878M18B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue14.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-13
netIncome1.3BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-13
Parent/common earnings proxy1.3BNetIncomeLoss2026-02-13
cfo3.9BNetCashProvidedByUsedInOperatingActivities2026-02-13
capex770MPaymentsToAcquirePropertyPlantAndEquipment2026-02-13
operatingIncome1.9BOperatingIncomeLoss2026-02-13
assets24.5BAssets2026-02-13
equity1.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-13
Parent book equity proxy1.3BStockholdersEquity2026-02-13
debt6.2BLongTermDebt2026-02-13
shortDebtNot reported under a supported tag
cash5.4BCashAndCashEquivalentsAtCarryingValue2026-02-13
shares131.9MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-13
dividends200MPaymentsOfDividendsCommonStock2026-02-13
buybacks1.9BPaymentsForRepurchaseOfCommonStock2026-02-13
issuance50MReviewed manual correction
Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from exercise of equity awards and employee stock purchase plan: 50000000 USD [expe:ProceedsFromExerciseOfEquityAwardsAndEmployeeStockPurchasePlan]. All 6 financing lines reconcile exactly to reported financing cash flow -2136000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net 3000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2026-02-13