Expedia Group, Inc. (EXPE)

NASDAQ: EXPE · USD

$275

-2.78 (-1.0%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-10-04

Our latest published analysis: EXPE rated Hold

Expedia Group, Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$267 / share

Potential value

$353 / share

Upside to FV

+0.8%

from $275

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$31.8B
Revenue (ttm)	15.7B
Net income (ttm)	2B
EPS (ttm)	$16.1
Shares out	120M
P/E (trailing)	17.1x
P/E (forward)	11.3x
Dividend	$1.92 (0.70%)
Volume	737,174
Beta	1.36

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 15.7B
Net income (ttm): 2B
EPS (ttm): $16.1
P/E (trailing): 17.1x
P/E (forward): 11.3x
Market cap: $31.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$8.60B	$11.67B	$12.84B	$13.69B	$14.73B	+14.4%
Gross profit	$7.05B	$10.01B	$11.27B	$12.25B	$13.28B	+17.1%
Operating income	$186.0M	$1.09B	$1.03B	$1.32B	$1.87B	+78.1%
Net income	$12.0M	$352.0M	$797.0M	$1.23B	$1.29B	+222.2%
EPS (diluted)	$-1.80	$2.17	$5.31	$8.95	$9.81	—
EBITDA	$1.08B	$1.61B	$2.07B	$2.63B	$2.78B	+26.7%
R&D	$1.07B	$1.18B	$1.36B	$1.31B	$1.28B	+4.4%
SG&A	$705.0M	$748.0M	$771.0M	$805.0M	$765.0M	+2.1%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	매도
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	매수
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	보유

Base and Bull scenarios

Base60%

Price target

$267.03

+0.8% from spot

In the Base case, Expedia operates as a steady mature compounder. Full-year FY2026 revenue grows 10.02% to $16.21B, tracking management's 9% to 10% guidance, before growth normalizes toward 4-7% annually. Operating margins expand from 12.70% in FY2025 to 13.70% in FY2026 and 15.50% by FY2030, driven by flat fixed overheads and steady two-thirds direct B2C booking mix. Diluted EPS reaches $21.02 in FY2026 and $24.51 in FY2027, augmented by annual share repurchases of 1.0% to 3.0% of share count.

Revenue growth of 10.02% in FY2026 tapering to 4.0% by FY2030
Operating margin expanding from 13.70% in FY2026 to 15.50% by FY2030
Diluted share count reduced by 1.0% to 3.0% annually through cash flow funded share buybacks
WACC of 9.29% and terminal growth rate of 3.00%

Bull20%

Price target

$353.00

+33.2% from spot

In the Bull case, operational leverage accelerates across the unified travel technology platform. Rapid adoption of B2B enterprise distribution drives double-digit partner revenue growth beyond 12% annually, while two-thirds direct consumer traffic insulates B2C from search marketing inflation. Vrbo captures market share from Airbnb in domestic vacation rentals through loyalty incentives and optimized checkout conversion. Operating margins expand beyond 175 bps toward 16.5% due to strict overhead discipline, while aggressive share buybacks accelerate per-share earnings growth toward outer-year upper consensus of $30.89.

Revenue growth accelerating to 12.0% in early years led by B2B distribution expansion
Operating margin expanding toward 16.50% on fixed overhead leverage
FY2027 diluted EPS tracking toward upper consensus estimate of $30.89
Terminal exit P/E multiple expanding to 15.5x

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($267.03). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
8.3%	$286	$291	$297	$303	$310
8.8%	$272	$276	$281	$286	$292
9.3%	$259	$263	$267	$271	$276
9.8%	$248	$252	$255	$259	$263
10.3%	$239	$241	$244	$247	$251

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E11.3

P25 n/aP50 n/aP75 n/a

Trailing P/E16.7

P25 n/aP50 n/aP75 n/a

ROE89.5

P25 n/aP50 n/aP75 n/a

ROIC256.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All EXPE indicators

Market & fundamental data

Available fields

287

Groups with data

Currency

USD

Showing 287 of 287 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001324424
Company name	Expedia Group, Inc.
Country	United States
Country code	US
CUSIP number	30212P303
Earnings date	2026-11-04
Earnings time	amc
Employees	16,000
Employees change	-500
Employees growth	-3.03%
Enterprise value	$31.6B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1996
In index	SP500
Industry	Travel Services
IPO date	1999-11-10
Is primary listing	Yes
Is SPAC	No
ISIN number	US30212P3038
Last 10-K release date	2026-02-13
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split date	2011-12-21
Last stock split type	Reverse
Market cap	$33B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$275.29
Price currency	USD
Sector	Consumer Discretionary
SIC code	4700
Stock price date	2026-10-28
Symbol	EXPE
U.S. state	Washington
Website	https://www.expediagroup.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	14.44x
Average P/E ratio (10Y)	40.56x
Average P/E ratio (3Y)	20.26x
Average P/E ratio (5Y)	31.37x
Earnings yield	5.84%
EV/Earnings	15.53x
EV/EBIT	11.55x
EV/EBITDA	10.94x
EV/FCF	7.09x
EV/Sales	2.01x
FCF / EV yield	14.1%
FCF yield	13.49%
Forward EV/Sales	1.89x
Forward P/E	12.13x
Forward P/S	1.98x
Graham number	60.39077
Graham upside	-78.07%
Industry forward P/E	15.83x
Industry P/E	17.98x
Lynch fair value	$402.20
Lynch upside	46.04%
P/(FCF - SBC) ratio	8.17x
P/(OCF - SBC) ratio	6.88x
P/B ratio	27.6x
P/E ratio	17.11x
P/FCF ratio	7.41x
P/OCF ratio	6.34x
P/S ratio	2.11x
PEG ratio	0.7x
Price/EBITDA ratio	11.44x
Sector forward P/E	24.24x
Sector P/E	30.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.44%
EBITDA margin	18.41%
Effective tax rate	16.33%
FCF margin	28.4%
Gross margin	90.43%
Operating margin	17.44%
Pretax margin	15.52%
Profit margin	12.97%
Profit per employee	$127,250
Profitable quarters	1
Profitable years	4
Revenue per employee	$981,250
ROA	6.11%
ROA (5Y)	3.8%
ROCE	31.45%
ROE	89.49%
ROE (5Y)	24.69%
ROIC	256.54%
ROIC (5Y)	20.05%
SBC / revenue	2.62%
Tax / revenue	2.54%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	95.23%
EPS growth (Q)	188.71%
EPS growth 10Y	28.14%
EPS growth 3Y	42.23%
EPS growth quarters	2
EPS growth years	5
FCF growth	123.29%
FCF growth (Q)	38.87%
FCF growth (QoQ)	-65.87%
FCF growth 3Y	24.31%
FCF growth 5Y	9.56%
Gross profit growth	13.03%
Gross profit growth (Q)	14.76%
Gross profit growth 3Y	10.33%
Gross profit growth 5Y	26.08%
Net income growth	82.93%
Net income growth (Q)	166.06%
Net income growth 3Y	31.32%
Net income growth quarters	2
Net income growth years	5
OCF growth	87.76%
OCF growth (Q)	31.85%
OCF growth (QoQ)	-62.4%
OCF growth 10Y	13.8%
OCF growth 3Y	18.63%
OCF growth 5Y	8.43%
Operating income growth	60.78%
Operating income growth (Q)	54.24%
Operating income growth 3Y	29.7%
Revenue growth	12%
Revenue growth (Q)	13.97%
Revenue growth (QoQ)	25.95%
Revenue growth 10Y	7.33%
Revenue growth 3Y	8.59%
Revenue growth 5Y	22.12%
Revenue growth quarters	21
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-757M
Depreciation and amortization	$152M
EBIT	$2.7B
EBITDA	$2.9B
EPS	$16.09
FCF per share	$37.15
Financing cash flow	$-3B
Free cash flow	$4.5B
Free cash flow minus SBC	$4B
Gross profit	$14.2B
Income taxes	$398M
Investing cash flow	$-1.5B
Net borrowing	$-842M
Net cash flow	$629M
Net income	$2B
Operating cash flow minus SBC	$4.8B
Operating income	$2.7B
Revenue	$15.7B
Stock-based compensation	$412M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.45
Book value per share	$10.08
Debt / EBITDA	1.91
Debt / equity	2.3
Debt / FCF	1.28
Goodwill	$7B
Interest coverage	7.71
Long-term assets	$12.8B
Long-term liabilities	$6.2B
Net cash (debt)	$1.4B
Net cash / market cap	4.35%
Net cash growth	725.86%
Net debt / EBITDA	-0.5
Net debt / equity	-0.58
Net debt / FCF	-0.32
Piotroski F-Score	7
Property, plant and equipment	$2.7B
Shareholders' equity	$2.5B
Tangible book value	$-6.7B
Tangible book value per share	$-55.78
Total assets	$29.1B
Total cash	$7.1B
Total debt	$5.7B
Total liabilities	$26.6B
WACC	10.78%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.56
Current assets	$16.3B
Current liabilities	$20.4B
Current ratio	0.8
Inventory turnover	3.1
Net working capital	$-11.2B
Quick ratio	0.64
Working capital	$-4.1B
Working capital turnover	-3.52

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	6.17%
Dividend growth	53.33%
Dividend growth (10Y)	6.5%
Dividend growth (3Y)	66.31%
Dividend growth (5Y)	6.55%
Dividend growth years	1
Dividend payment date	2026-09-17
Dividend payment years	2
Dividend payout frequency	Quarterly
Dividend per share	$1.92
Dividend yield	0.7%
Ex-dividend date	2026-08-27
FCF payout ratio	4.95%
Last dividend	$0.48
Payout ratio	11.44%
Shareholder yield	6.86%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	117.29%
10Y return CAGR	8.62%
10Y total return	128.5%
150-day SMA	$265.48
15Y price change	372.15%
15Y return CAGR	17.43%
15Y total return	1,013.35%
1D price change	-1%
1M price change	3.98%
1M total return	3.98%
1W price change	-8.67%
1W total return	-8.67%
1Y price change	23.46%
1Y return CAGR	24.39%
1Y total return	24.38%
20-day SMA	$277.55
200-day SMA	$259.17
20Y price change	734.94%
20Y return CAGR	16.19%
20Y total return	1,909.26%
3M price change	-1.32%
3M total return	-1.18%
3Y price change	195.12%
3Y return CAGR	44.09%
3Y total return	199.21%
50-day SMA	$287.80
50-day SMA vs 200-day SMA	50over200
52-week high	$342.00
52-week high date	2026-08-26
52-week low	$185.34
52-week low date	2026-02-23
5Y price change	67.35%
5Y return CAGR	11.16%
5Y total return	69.67%
6M price change	12.02%
6M total return	12.42%
All-time high	$342.00
All-time high date	2026-08-26
All-time low	$12.00
All-time low date	2008-11-21
Average true range (ATR)	$11.79
Average volume	1.4M
Beta (1Y)	0.55
Beta (2Y)	1.22
Beta (5Y)	1.36
Change from 52-week high	-19.51%
Change from 52-week low	48.53%
Change from all-time high	-19.68%
Change from all-time low	2,189.13%
Change from open	0%
Day's gap	-1%
Dollar volume	$202.9M
High price	$281.98
Low price	$274.56
Monthly RSI	59.03
Open price	$275.30
Position in 52-week range	9.84%
Premarket change	-0.6%
Premarket close	$278.08
Premarket price	$276.42
Previous close	$278.08
Price vs 150-day SMA	3.47%
Price vs 20-day SMA	-1.03%
Price vs 200-day SMA	5.99%
Price vs 50-day SMA	-4.55%
Relative volume	0.53
RSI	45.93
Sharpe ratio	0.6
Sharpe ratio (3Y)	0.92
Sharpe ratio (5Y)	0.37
Sortino ratio	1.02
Sortino ratio (3Y)	1.56
Sortino ratio (5Y)	0.68
Volume	737.2K
Weekly RSI	50.7
YTD price change	-3.04%
YTD total return	-2.48%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	113.5M
Float percentage	94.61%
Shares change (QoQ)	0.6%
Shares change (YoY)	-6.17%
Shares held by insiders	4.84%
Shares held by institutions	102.46%
Shares outstanding	120M
Short % of float	6.97%
Short % of shares	6.6%
Short ratio	3.3 days

Deeper analysis on EXPE

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this EXPE report

What is the latest published EXPE stock rating?

Expedia Group, Inc. is shown with Hold in the latest published report, analyzed 2026-10-04. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full EXPE analysis?

The full latest published report, analyzed 2026-10-04, lives at /stocks/EXPE/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for EXPE?

The latest published report analyzed 2026-10-04 gives EXPE a fair value of USD 267 and a potential value of USD 353. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the EXPE page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-04). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldEXPE · Fair value $267+0.8%

Read full analysis →

Expedia Group, Inc. (EXPE)

Our latest published analysis: EXPE rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · EXPE

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All EXPE indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on EXPE

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	6.0
Management	8.5
Balance Sheet	1.5
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	2.5
Competitive Moat	6.5
Earnings Quality	9.0
Capital Efficiency	6.5