Financials Expedia Group, Inc.

Equities

EXPE

US30212P3038

Leisure & Recreation

Market Closed - Nasdaq Other stock markets 02:30:00 14/01/2026 am IST			5-day change	1st Jan Change
299.97 ^USD	+2.90%		+0.25%	+5.88%

13/01	Morgan Stanley Adjusts Price Target on Expedia Group to $270 From $180, Maintains Equalweight Rating	MT
12/01	Rivian Automotive Inc. Appoints Greg Revelle as Chief Customer Officer, Effective January 12, 2026	CI

Projected Income Statement: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	5,199	8,598	11,667	12,839	13,691	14,586	15,669	16,817
Change	-	65.38%	35.69%	10.05%	6.64%	6.53%	7.43%	7.32%
EBITDA ¹	-368	1,477	2,349	2,680	2,934	3,402	3,785	4,236
Change	-	501.36%	59.04%	14.09%	9.48%	15.96%	11.24%	11.94%
EBIT ¹	-2,719	186	1,085	1,033	1,319	1,887	2,406	2,757
Change	-	106.84%	483.33%	-4.79%	27.69%	43.1%	27.46%	14.58%
Interest Paid ¹	-360	-351	-277	-245	-246	-237.2	-221	-249.7
Earnings before Tax (EBT) ¹	-3,151	-38	538	1,018	1,542	1,773	2,431	2,812
Change	-	98.79%	1,515.79%	89.22%	51.47%	14.96%	37.15%	15.68%
Net income ¹	-2,687	-269	352	797	1,234	1,424	1,924	2,330
Change	-	89.99%	230.86%	126.42%	54.83%	15.38%	35.09%	21.15%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	920	1,246	2,111	2,962	2,279	2,249	3,181	3,619	2,618	2,665	3,358	3,929	2,887	2,889	3,558	4,060	3,184	2,988	3,786	4,412	3,406	3,226	4,069	4,706	3,645	3,539	4,478	5,131
Change	-	35.43%	69.42%	40.31%	-23.06%	-1.32%	41.44%	13.77%	-27.66%	1.8%	26%	17%	-26.52%	0.07%	23.16%	14.11%	-21.58%	-6.16%	26.71%	16.53%	-22.8%	-5.28%	26.12%	15.64%	-22.54%	-2.9%	26.54%	14.57%
EBITDA ¹	-160	-58	201	855	479	173	648	1,079	449	185	747	1,216	532	255	786	1,250	643	296	908	1,449	759.1	354.4	991.5	1,580	854.3	472.4	1,206	1,814
Change	-	63.75%	446.55%	325.37%	-43.98%	-63.88%	274.57%	66.51%	-58.39%	-58.8%	303.78%	62.78%	-56.25%	-52.07%	208.24%	59.03%	-48.56%	-53.97%	206.76%	59.58%	-47.61%	-53.31%	179.74%	59.33%	-45.93%	-44.7%	155.23%	50.45%
EBIT ¹	-463	-369	-132	524	163	-135	345	747	128	-121	443	607	104	-110	451	762	216	-70	485	1,036	438	14.62	643.5	1,233	509.8	71.5	765.5	1,382
Change	-	20.3%	64.23%	496.97%	-68.89%	-182.82%	355.56%	116.52%	-82.86%	-194.53%	466.12%	37.02%	-82.87%	-205.77%	510%	68.96%	-71.65%	-132.41%	792.86%	113.61%	-57.72%	-96.66%	4,302.65%	91.6%	-58.65%	-85.98%	970.63%	80.47%
Charge d'intérêts ¹	-102	-98	-83	-86	-84	-81	-73	-63	-60	-61	-61	-62	-61	-62	-61	-61	-62	-58	-58	-62	-58.84	-61.5	-60.19	-60.69	-56.39	-51	-52.5	-49
Earnings before Tax (EBT) ¹	-495	-750	-224	465	471	-208	-127	690	183	-61	464	444	171	-155	488	874	335	-217	423	1,131	439.9	32.11	666.1	1,250	526	47.5	742	1,362
Change	-	-51.52%	70.13%	307.59%	1.29%	-144.16%	38.94%	643.31%	-73.48%	-133.33%	860.66%	-4.31%	-61.49%	-190.64%	414.84%	79.1%	-61.67%	-164.78%	294.93%	167.38%	-61.11%	-92.7%	1,974.54%	87.66%	-57.92%	-90.97%	1,462.11%	83.63%
Net income ¹	-412	-606	-301	362	276	-122	-185	482	177	-145	385	425	132	-135	386	684	299	-200	330	959	338.6	15.08	512.9	977.7	415.4	128.8	698.4	1,178
Change	-	-47.09%	50.33%	220.27%	-23.76%	-144.2%	-51.64%	360.54%	-63.28%	-181.92%	365.52%	10.39%	-68.94%	-202.27%	385.93%	77.2%	-56.29%	-166.89%	265%	190.61%	-64.7%	-95.55%	3,301.08%	90.64%	-57.52%	-69%	442.39%	68.66%
Announcement Date	11/02/21	06/05/21	05/08/21	04/11/21	10/02/22	02/05/22	04/08/22	03/11/22	09/02/23	04/05/23	03/08/23	02/11/23	08/02/24	02/05/24	08/08/24	07/11/24	06/02/25	08/05/25	07/08/25	06/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	4,829	4,139	341	592	1,783	1,128	611	-1,329
Change	-	-14.29%	-91.76%	73.61%	201.18%	-36.74%	-45.83%	-317.51%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	797	673	662	846	756	788.4	834.9	868.2
Change	-	-15.56%	-1.63%	27.79%	-10.64%	4.28%	5.89%	3.99%
Free Cash Flow (FCF) ¹	-4,631	3,075	2,778	1,844	2,329	2,540	2,938	3,140
Change	-	166.4%	-9.66%	-33.62%	26.3%	9.04%	15.68%	6.88%
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Expedia Group, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-7.08%	17.18%	20.13%	20.87%	21.43%	23.33%	24.15%	25.19%
EBIT Margin (%)	-52.3%	2.16%	9.3%	8.05%	9.63%	12.94%	15.35%	16.39%
EBT Margin (%)	-60.61%	-0.44%	4.61%	7.93%	11.26%	12.15%	15.52%	16.72%
Net margin (%)	-51.68%	-3.13%	3.02%	6.21%	9.01%	9.76%	12.28%	13.86%
FCF margin (%)	-89.07%	35.76%	23.81%	14.36%	17.01%	17.41%	18.75%	18.67%
FCF / Net Income (%)	172.35%	-1,143.12%	789.2%	231.37%	188.74%	178.36%	152.73%	134.74%
Profitability
ROA	-13.4%	-1.34%	1.63%	6.56%	7.37%	7.53%	9.31%	9.57%
ROE	-45.35%	14.41%	49.4%	74.3%	104.95%	144.24%	172.99%	155.09%
Financial Health
Leverage (Debt/EBITDA)	-13.12x	2.8x	0.15x	0.22x	0.61x	0.33x	0.16x	-
Debt / Free cash flow	-1.04x	1.35x	0.12x	0.32x	0.77x	0.44x	0.21x	-
Capital Intensity
CAPEX / Current Assets (%)	15.33%	7.83%	5.67%	6.59%	5.52%	5.41%	5.33%	5.16%
CAPEX / EBITDA (%)	-216.58%	45.57%	28.18%	31.57%	25.77%	23.17%	22.06%	20.49%
CAPEX / FCF (%)	-17.21%	21.89%	23.83%	45.88%	32.46%	31.04%	28.42%	27.65%
Items per share
Cash flow per share ¹	-27.11	25.03	21.27	17.91	22.37	21.62	27.31	31.05
Change	-	192.33%	-15.04%	-15.8%	24.92%	-3.37%	26.35%	13.7%
Dividend per Share ¹	0.34	-	-	-	-	1.52	1.595	1.612
Change	-	-	-	-	-	-	4.93%	1.08%
Book Value Per Share ¹	10.68	13.22	14.89	10.21	12.09	14.49	25.97	39.09
Change	-	23.77%	12.7%	-31.44%	18.39%	19.86%	79.2%	50.54%
EPS ¹	-19	-1.8	2.17	5.31	8.95	10.89	15.06	18.62
Change	-	90.53%	220.56%	144.7%	68.55%	21.68%	38.29%	23.6%
Nbr of stocks (in thousands)	1,41,461	1,51,528	1,56,091	1,38,848	1,28,346	1,22,533	1,22,533	1,22,533
Announcement Date	11/02/21	10/02/22	09/02/23	08/02/24	06/02/25	-	-	-