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Expedia Group, Inc. EXPE Operating margin

Operating margin at other companies

Marriott International logo
Marriott InternationalMAR
16%+0.9pp
Booking Holdings Inc. logo
Booking Holdings Inc.BKNG
32.6%+0.1pp
Airbnb logo
AirbnbABNB
20.5%-1.7pp
Royal Caribbean Group logo
Royal Caribbean GroupRCL
27.9%+2.2pp
Hilton Worldwide logo
Hilton WorldwideHLT
23.1%+2.1pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$3.4B+14.7%
Gross profit$3.0B+15.9%
Operating income$251.0M+459%
Net income-$6.0M+97.0%
EPS (diluted)-$0.05+96.8%

Balance sheet

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Cash & equivalents$5.5B-3.1%
Total debt$4.7B-27.2%
Total equity$576.0M-46.3%
Total assets$26.5B+1.3%

Cash flow

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Operating cash flow$3.9B+33.2%
CapEx$184.0M-6.1%
Free cash flow$3.7B+36.0%

Valuation

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Market cap$28.74B+30.6%
Enterprise value$27.91B+22.5%
P/E19.3×+0.5×
P/S1.9×+0.3×

Profitability

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Gross margin90.3%+0.7pp
Net margin9.8%+1.3pp

Returns & leverage

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Return on equity180.6%+61.4pp
Debt / equity8.2×+2.1×
Current ratio0.7×0.0×

Where this comes from

Calculated from Expedia Group, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Expedia Group, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expedia Group, Inc.'s operating margin?
Expedia Group, Inc. (EXPE) reported operating margin of 14.4% in Q1 2026.
How has Expedia Group, Inc.'s operating margin changed year-over-year?
Expedia Group, Inc.'s operating margin increased by 46.6% year-over-year, from 9.9% to 14.4%.
What is the long-term trend for Expedia Group, Inc.'s operating margin?
Over 4 years (2021 to 2025), Expedia Group, Inc.'s operating margin has grown at a -9.2% compound annual growth rate (CAGR), from -64.9% to 44.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.