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Expedia Group, Inc. EXPE Return on invested capital

Return on invested capital at other companies

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Marriott InternationalMAR
23%-0.2pp
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Booking Holdings Inc.BKNG
232.5%+155pp
Hyatt Hotels logo
Hyatt HotelsH
2.9%-13.1pp
Royal Caribbean Group logo
Royal Caribbean GroupRCL
55.7%-4.0pp
Hilton Worldwide logo
Hilton WorldwideHLT
28.8%-4.8pp
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
Operating margin14.4%+4.6pp
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 return on invested capital?
Expedia Group, Inc. (EXPE) reported return on invested capital of 48.5% in Q4 2025.
How has Expedia Group, Inc.'s return on invested capital changed year-over-year?
Expedia Group, Inc.'s return on invested capital increased by 83.0% year-over-year, from 26.5% to 48.5%.
What is the long-term trend for Expedia Group, Inc.'s return on invested capital?
Over 3 years (2022 to 2025), Expedia Group, Inc.'s return on invested capital has grown at a 58.3% compound annual growth rate (CAGR), from 65.8% to 260.7%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.