EXPEExpedia Group

Consumer discretionary · Travel Services · Nasdaq

Employees: 16,000
Headquarters: Seattle, WA
CEO: Ariane Gorin
Next results: around Feb 11, 2027

RevenueFY2016–25 $14.7B+7.6% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.3B+4.9% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $3.1B+33.5% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 12.7%+3.1 pts 5.3% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 13, 2026 against Feb 7, 2025

Area	What changed	Source
Risk factors	24 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +29.7% vs revenue +7.6% (+22.0 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 13, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-07. Quoted as filed.

The market for the services we offer is intensely competitive and constantly evolving. We currently, or may in the future, compete globally with a wide variety of providers of travel-related services including: OTAs such as Booking.com, alternative accommodation providers such as Airbnb, and travel metasearch services; large online…
10-K, Item 1A

All 24 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +29.7% vs revenue +7.6% (+22.0 pts)
✓
Cash from operations $3.9B vs net income $1.3B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: One Key Loyalty Program; F- 2
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 4, 20268-K Quarterly results, Regulation FD disclosure, Other events 8-K items 2.02, 7.01, 8.01

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Work on EXPE in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/EXPE/export.csv") into a cell.