Income StatementBalance SheetCash FlowSegments
Expedia Group, Inc. logo

Expedia Group, Inc. Business Segments

Business, geographic, and product segment breakdowns

Expedia Group, Inc. generates $15.2B in annual revenue across 3 key segments: B2B ($112.0M), B2C ($1.3B), and trivago ($27.0M). The company-wide operating margin is 14.45%. Based on the Q1 2026 filing.

B2B (TTM)$112.0MB2C (TTM)$1.3Btrivago (TTM)$27.0M
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$25.8B
P/E Ratio17.34
ROE180.58%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lodging$2.5B$2.3B$3.0B$3.6B$2.8B$2.6B
Other$302.0M$333.0M$361.0M$376.0M$329.0M$387.0M
Expedia Group (“EG”) Advertising—$174.0M———$197.0M
trivago Advertising—$85.0M$98.0M$137.0M$97.0M$125.0M
Air$98.0M$107.0M$105.0M$101.0M$94.0M$107.0M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
PP&E (Net)$58.0M———$57.0M—
Revenue$1.3B$1.5B$1.5B$1.5B$1.5B—

Business Segments

Additions

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2B—$0.0$0.0$0.0$0.0—
B2C—$0.0$0.0$0.0$0.0—

Cost of Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$299.0M$312.0M$340.0M$347.0M$307.0M$324.0M
B2B$30.0M$38.0M$28.0M$18.0M$27.0M$39.0M
trivago$3.0M$4.0M$4.0M$6.0M$8.0M$9.0M

Foreign exchange translation and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2B-$500.0K$250.0K$250.0K$250.0K$250.0K—
B2C-$750.0K$2.8M$2.8M$2.8M$2.8M—

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2B$411.0M———$412.0M—
B2C$6.4B———$6.4B—

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$352.0M$312.0M$319.0M$330.0M$323.0M$333.0M
B2B$127.0M$116.0M$98.0M$117.0M$161.0M$149.0M
trivago$22.0M$21.0M$24.0M$25.0M$24.0M$28.0M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$2.1B$2.0B$2.5B$2.9B$2.2B$2.1B
B2B—$947.0M———$1.2B
trivago$101.0M$131.0M$158.0M$194.0M$139.0M$167.0M

Segment Adjusted EBITDA

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$537.0M$217.0M$728.0M$1.2B$679.0M$426.0M
B2B—$216.0M———$269.0M
trivago$11.0M-$5.0M-$6.0M$17.0M$14.0M-$7.0M

Sales & Marketing

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$888.0M$1.1B$1.1B$1.0B$847.0M$1.0B
B2B—$577.0M———$726.0M
trivago$65.0M$111.0M$136.0M$146.0M$93.0M$137.0M

Accumulated goodwill impairment loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C$3.0B———$3.0B—

Realized gains (losses) on revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
B2C and B2B—$23.0M———-$28.0M