EXPEExpedia Group
- Employees
- 16,000
- Headquarters
- Seattle, WA
- CEO
- Ariane Gorin
- Next results
- around Feb 11, 2027
The biggest changes in the 10-K filed 2026-02-13, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
9.6% → 12.7% (+3.1 pts) Big change FY to 2025-12-31 vs 2024-12-31“In 2025, the increase in operating income was primarily due to growth in revenue in excess of operating costs and lower impairment charges in the current period, partially offset by the higher legal reserves, occupancy tax and other charges discussed above.”
Read it in the 10-K ↗
Cash from operations
+25.8% Big change FY to 2025-12-31 vs 2024-12-31“In 2025, net cash provided by operating activities increased by $795 million primarily due to increased benefits from working capital changes, including growth in deferred merchant bookings, as well as higher operating income after adjusting for impacts from depreciation and amortization.”
Read it in the 10-K ↗
Revenue
+7.6% FY to 2025-12-31 vs 2024-12-31“Revenue increased 8% in 2025 compared to 2024, on strong growth in our B2B segment resulting from increased lodging revenue.”
Read it in the 10-K ↗
“Lodging revenue increased 7% in 2025 primarily driven by an increase in room nights stayed mostly in our hotel business.”
Read it in the 10-K ↗
Net income
+4.9% FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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.