Expedia Group Inc. (EXPE) financial statements: income statement, balance sheet and cash flow
Expedia Group Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Expedia Group Inc. reported revenue of $14.7B (+7.6% year on year) and net income of $1.3B (+6.3% year on year).
Income statement
Expedia Group Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$14.7B
$13.7B
$12.8B
$11.7B
Cost of revenue (exclusive of depreciation and amortization shown separately below)
$1.5B
$1.4B
$1.6B
$1.7B
Selling and marketing - direct
$7.3B
$6.8B
$6.1B
$6.1B
Selling and marketing - indirect
$836.0M
$781.0M
$756.0M
—
Technology and content
$1.3B
$1.3B
$1.4B
$1.2B
General and administrative
$765.0M
$805.0M
$771.0M
$748.0M
Depreciation and amortization
$887.0M
$838.0M
$807.0M
$792.0M
Impairment of goodwill
$0
$0
$297.0M
$0
Impairment of intangible assets
$0
$147.0M
—
—
Legal reserves, occupancy tax and other
$185.0M
$118.0M
$8.0M
$23.0M
Restructuring and related reorganization charges
$107.0M
$80.0M
$0
$0
Operating income
$1.9B
$1.3B
$1.0B
$1.1B
Interest income
$255.0M
$235.0M
$207.0M
$60.0M
Interest expense
($299.0M)
($246.0M)
($245.0M)
($277.0M)
Other, net
($236.0M)
$234.0M
($2.0M)
($385.0M)
Total other income (expense), net
($280.0M)
$223.0M
($15.0M)
($547.0M)
Income before income taxes
$1.6B
$1.5B
$1.0B
$538.0M
Provision for income taxes
($290.0M)
($318.0M)
($330.0M)
($195.0M)
Net income
$1.3B
$1.2B
$688.0M
$343.0M
Net (income) loss attributable to non-controlling interests
($7.0M)
$10.0M
$109.0M
$9.0M
Net income attributable to Expedia Group, Inc.
$1.3B
$1.2B
$797.0M
$352.0M
Basic (in dollars per share)
$10.32
$9.39
$5.50
$2.24
Diluted (in dollars per share)
$9.81
$8.95
$5.31
$2.17
Basic (in shares)
125.4M
131.4M
145.0M
156.7M
Diluted (in shares)
131.9M
137.9M
150.2M
161.8M
Expedia Group Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$4.3B
$3.4B
$4.4B
$3.8B
Cost of revenue (exclusive of depreciation and amortization shown separately below)
$403.0M
$377.0M
$376.0M
$377.0M
Selling and marketing - direct
$2.1B
$1.9B
$2.0B
$1.9B
Selling and marketing - indirect
$217.0M
$202.0M
$211.0M
$213.0M
Technology and content
$325.0M
$324.0M
$310.0M
$325.0M
General and administrative
$204.0M
$196.0M
$186.0M
$197.0M
Depreciation and amortization
$228.0M
$228.0M
$225.0M
$223.0M
Legal reserves, occupancy tax and other
$6.0M
($64.0M)
$86.0M
$2.0M
Restructuring and related reorganization charges
$13.0M
$56.0M
$6.0M
$44.0M
Operating income
$800.0M
$251.0M
$1.0B
$485.0M
Interest income
$73.0M
$60.0M
$69.0M
$74.0M
Interest expense
($61.0M)
($111.0M)
($62.0M)
($58.0M)
Other, net
$215.0M
($175.0M)
$88.0M
($78.0M)
Total other income (expense), net
$227.0M
($226.0M)
$95.0M
($62.0M)
Income before income taxes
$1.0B
$25.0M
$1.1B
$423.0M
Provision for income taxes
($152.0M)
($37.0M)
($167.0M)
($101.0M)
Net income
$875.0M
($12.0M)
$964.0M
$322.0M
Net loss attributable to non-controlling interests
$3.0M
$6.0M
($5.0M)
$8.0M
Net income attributable to Expedia Group, Inc.
$878.0M
($6.0M)
$959.0M
$330.0M
Basic (in dollars per share)
$7.30
-$0.05
$7.76
$2.61
Diluted (in dollars per share)
$7.16
-$0.05
$7.33
$2.48
Basic (in shares)
120.2M
121.8M
123.7M
126.5M
Diluted (in shares)
122.6M
121.8M
131.0M
132.8M
Balance sheet
Expedia Group Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$5.4B
$4.2B
$4.2B
$4.1B
Restricted cash and cash equivalents
$1.6B
$1.4B
$1.4B
$1.8B
Short-term investments
$320.0M
$300.0M
$28.0M
$48.0M
Accounts receivable, net of allowance of $74 and $55
$4.2B
$3.2B
$2.8B
$2.1B
Income taxes receivable
$38.0M
$39.0M
$47.0M
$40.0M
Prepaid expenses and other current assets
$699.0M
$689.0M
$708.0M
$774.0M
Total current assets
$12.2B
$9.8B
$9.2B
$8.8B
Property and equipment, net
$2.4B
$2.4B
$2.4B
$2.2B
Operating lease right-of-use assets
$296.0M
$305.0M
$357.0M
$363.0M
Long-term investments and other assets
$1.4B
$1.7B
$1.2B
$1.2B
Deferred income taxes
$432.0M
$496.0M
$586.0M
$661.0M
Intangible assets, net
$819.0M
$817.0M
$1.0B
$1.2B
Goodwill
$6.9B
$6.8B
$6.8B
$7.1B
TOTAL ASSETS
$24.5B
$22.4B
$21.6B
$21.6B
Accounts payable, merchant
$2.2B
$2.0B
$2.0B
$1.7B
Accounts payable, other
$1.1B
$1.0B
$1.1B
$947.0M
Deferred merchant bookings
$10.4B
$8.5B
$7.7B
$7.2B
Deferred revenue
$163.0M
$164.0M
$164.0M
$163.0M
Income taxes payable
$56.0M
$51.0M
$26.0M
$21.0M
Accrued expenses and other current liabilities
$1.0B
$766.0M
$752.0M
$787.0M
Current maturities of long-term debt
$1.7B
$1.0B
—
$0
Total current liabilities
$16.7B
$13.6B
$11.8B
$10.8B
Long-term debt, excluding current maturities
$4.5B
$5.2B
$6.3B
$6.2B
Deferred income taxes
$20.0M
$19.0M
$33.0M
$52.0M
Operating lease liabilities
$254.0M
$265.0M
$314.0M
$312.0M
Other long-term liabilities
$505.0M
$471.0M
$473.0M
$451.0M
Common stock
$0
$0
$0
$0
Additional paid-in capital
$16.6B
$16.0B
$15.4B
$14.8B
Treasury stock — Common stock and Class B, at cost, Shares: 181,749 and 171,515
-16.8B
-14.9B
-13.0B
-10.9B
Retained earnings (deficit)
$1.7B
$602.0M
($632.0M)
($1.4B)
Accumulated other comprehensive income (loss)
($191.0M)
($232.0M)
($209.0M)
($234.0M)
Total Expedia Group, Inc. stockholders’ equity
$1.3B
$1.6B
$1.5B
$2.3B
Non-redeemable non-controlling interest
$1.3B
$1.2B
$1.3B
$1.4B
Total stockholders’ equity
$2.5B
$2.8B
$2.8B
$3.7B
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$24.5B
$22.4B
$21.6B
$21.6B
Expedia Group Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$6.7B
$5.5B
$5.8B
$6.3B
Restricted cash and cash equivalents
$2.4B
$2.2B
$1.4B
$2.2B
Short-term investments
$445.0M
$254.0M
$344.0M
$367.0M
Accounts receivable, net of allowance of $95 and $74
$5.8B
$5.1B
$4.5B
$4.9B
Income taxes receivable
$50.0M
$55.0M
$40.0M
$33.0M
Prepaid expenses and other current assets
$943.0M
$906.0M
$722.0M
$929.0M
Total current assets
$16.3B
$14.2B
$12.8B
$14.7B
Property and equipment, net
$2.4B
$2.4B
$2.5B
$2.4B
Operating lease right-of-use assets
$269.0M
$279.0M
$302.0M
$317.0M
Long-term investments and other assets
$1.8B
$1.3B
$1.4B
$1.3B
Deferred income taxes
$346.0M
$412.0M
$397.0M
$496.0M
Intangible assets, net
$878.0M
$887.0M
$797.0M
$801.0M
Goodwill
$7.0B
$7.0B
$6.9B
$6.9B
TOTAL ASSETS
$29.1B
$26.5B
$25.1B
$27.0B
Accounts payable, merchant
$2.5B
$2.1B
$2.1B
$2.1B
Accounts payable, other
$1.3B
$1.2B
$1.1B
$1.2B
Deferred merchant bookings
$15.4B
$15.0B
$11.1B
$13.4B
Deferred revenue
$175.0M
$174.0M
$164.0M
$167.0M
Income taxes payable
$55.0M
$29.0M
$63.0M
$16.0M
Accrued expenses and other current liabilities
$905.0M
$844.0M
$932.0M
$923.0M
Current maturities of long-term debt
$0
$0
$1.7B
$1.7B
Total current liabilities
$20.4B
$19.4B
$17.3B
$19.6B
Long-term debt, excluding current maturities
$5.5B
$4.5B
$4.5B
$4.5B
Deferred income taxes
$19.0M
$31.0M
$21.0M
$21.0M
Operating lease liabilities
$226.0M
$236.0M
$262.0M
$269.0M
Other long-term liabilities
$532.0M
$524.0M
$502.0M
$520.0M
Common stock
$0
$0
$0
$0
Additional paid-in capital
$16.8B
$16.7B
$16.4B
$16.3B
Treasury stock - Common stock and Class B, at cost; Shares 186,613 and 181,749
-17.8B
-17.6B
-16.5B
-15.9B
Retained earnings
$2.5B
$1.6B
$1.5B
$630.0M
Accumulated other comprehensive income (loss)
($187.0M)
($188.0M)
($194.0M)
($187.0M)
Total Expedia Group, Inc. stockholders’ equity
$1.2B
$576.0M
$1.3B
$836.0M
Non-redeemable non-controlling interests
$1.3B
$1.3B
$1.3B
$1.3B
Total stockholders’ equity
$2.5B
$1.8B
$2.6B
$2.1B
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$29.1B
$26.5B
$25.1B
$27.0B
Cash flow statement
Expedia Group Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.3B
$1.2B
$688.0M
$343.0M
Depreciation of property and equipment, including internal-use software and website development
$847.0M
$781.0M
$748.0M
$704.0M
Amortization of stock-based compensation
$398.0M
$458.0M
$413.0M
$374.0M
Amortization of intangible assets
$40.0M
$57.0M
$59.0M
$88.0M
Impairment of goodwill and intangible assets
$0
$147.0M
—
—
Deferred income taxes
$78.0M
$74.0M
$62.0M
$70.0M
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net
($120.0M)
$95.0M
($16.0M)
$128.0M
Realized (gain) loss on foreign currency forwards, net
($128.0M)
$40.0M
$0
$78.0M
(Gain) loss on minority equity investments, net
$167.0M
($289.0M)
($16.0M)
$345.0M
Other
$124.0M
$79.0M
$80.0M
—
Accounts receivable
($983.0M)
($467.0M)
($741.0M)
($838.0M)
Prepaid expenses and other assets
($3.0M)
$67.0M
$98.0M
$55.0M
Accounts payable, merchant
$155.0M
($10.0M)
$332.0M
$375.0M
Accounts payable, other, accrued expenses and other liabilities
$163.0M
($11.0M)
$101.0M
$196.0M
Tax payable/receivable, net
($17.0M)
$46.0M
($91.0M)
$11.0M
Deferred merchant bookings
$1.9B
$794.0M
$572.0M
$1.5B
Net cash provided by operating activities
$3.9B
$3.1B
$2.7B
$3.4B
Capital expenditures, including internal-use software and website development
($770.0M)
($756.0M)
($846.0M)
($662.0M)
Purchases of investments
($628.0M)
($549.0M)
($28.0M)
($60.0M)
Sales and maturities of investments
$747.0M
$78.0M
$49.0M
$205.0M
Other, net
$120.0M
($35.0M)
$0
($67.0M)
Net cash used in investing activities
($531.0M)
($1.3B)
($800.0M)
($580.0M)
Proceeds from issuance of long-term debt, net of issuance costs
$985.0M
—
$0
$0
Payment of long-term debt
($1.0B)
$0
$0
($2.1B)
Purchases of treasury stock
($1.9B)
($1.8B)
($2.1B)
($607.0M)
Payment of dividends to stockholders
($200.0M)
—
—
—
Proceeds from exercise of equity awards and employee stock purchase plan
$50.0M
$116.0M
$101.0M
$131.0M
Other, net
$3.0M
($22.0M)
($60.0M)
$15.0M
Net cash used in financing activities
($2.1B)
($1.7B)
($2.1B)
($2.6B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
$189.0M
($165.0M)
$16.0M
($190.0M)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents
$1.4B
($87.0M)
($190.0M)
$46.0M
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year
$5.6B
$5.7B
$5.9B
$5.8B
Cash, cash equivalents and restricted cash and cash equivalents at end of year
$7.0B
$5.6B
$5.7B
$5.9B
Cash paid for interest
$213.0M
$231.0M
$231.0M
$291.0M
Income tax payments, net
$218.0M
$184.0M
$281.0M
$102.0M
Expedia Group Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$863.0M
($12.0M)
$1.1B
$125.0M
Depreciation of property and equipment, including internal-use software and website development
$438.0M
$221.0M
$635.0M
$420.0M
Amortization of intangible assets
$18.0M
$7.0M
$32.0M
$22.0M
Amortization of stock-based compensation
$217.0M
$103.0M
$293.0M
$203.0M
Deferred income taxes
$83.0M
$1.0M
$102.0M
$1.0M
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net
$31.0M
$23.0M
($118.0M)
($137.0M)
Realized (gain) loss on foreign currency forwards, net
$185.0M
$63.0M
($163.0M)
($160.0M)
(Gain) loss on minority equity investments, net
($125.0M)
$155.0M
$125.0M
$258.0M
Other, net
$32.0M
$71.0M
$36.0M
$43.0M
Accounts receivable
($1.7B)
($1.0B)
($1.3B)
($1.8B)
Prepaid expenses and other assets
($230.0M)
($198.0M)
($28.0M)
($250.0M)
Accounts payable, merchant
$283.0M
($43.0M)
$50.0M
$119.0M
Accounts payable, other, accrued expenses and other liabilities
$282.0M
$1.0M
$234.0M
$296.0M
Tax payable/receivable, net
($12.0M)
($27.0M)
$9.0M
($6.0M)
Deferred merchant bookings
$5.0B
$4.6B
$2.6B
$4.9B
Net cash provided by operating activities
$5.4B
$3.9B
$3.6B
$4.1B
Capital expenditures, including internal-use software and website development
($383.0M)
($184.0M)
($585.0M)
($396.0M)
Purchases of investments
($760.0M)
($174.0M)
($518.0M)
($428.0M)
Sales and maturities of investments
$335.0M
$197.0M
$616.0M
$441.0M
Proceeds from exchange of cross-currency interest rate swaps
$692.0M
$692.0M
—
—
Payments for exchange of cross-currency interest rate swaps
($692.0M)
($692.0M)
—
—
Acquisitions and other, net
($400.0M)
($279.0M)
—
—
Net cash used in investing activities
($1.2B)
($440.0M)
($332.0M)
($220.0M)
Proceeds from issuance of long-term debt, net of issuance costs
$986.0M
$0
$985.0M
$985.0M
Payments related to long-term debt
($1.8B)
($1.8B)
($1.0B)
($1.0B)
Purchases of treasury stock
($1.1B)
($788.0M)
($1.6B)
($1.1B)
Payment of dividends to stockholders
($116.0M)
($58.0M)
($151.0M)
($102.0M)
Proceeds from exercise of equity awards and employee stock purchase plan
$25.0M
$25.0M
$50.0M
$25.0M
Other, net
($66.0M)
($1.0M)
$155.0M
$163.0M
Net cash used in financing activities
($2.1B)
($2.6B)
($1.7B)
($1.2B)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
($36.0M)
($28.0M)
$191.0M
$208.0M
Net increase in cash, cash equivalents and restricted cash and cash equivalents
$2.1B
$813.0M
$1.7B
$2.9B
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period
$7.0B
$7.0B
$5.6B
$5.6B
Cash, cash equivalents and restricted cash and cash equivalents at end of period