Expedia Group, Inc. (EXPE) Key Metrics
EXPE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $34.68B
- Enterprise value
- $29.65B
- P/E (TTM)
- 18.0 10-yr median 34.6
- Forward P/E
- 11.3
- PEG ratio
- 0.68
- Price / sales
- 2.2 10-yr median 1.9
- Price / book
- 25.7 10-yr median 6.8
- EV / EBITDA
- 8.9 10-yr median 12.1
- Dividend yield
- 0.63% $1.92 a year
- Beta
- 1.36
EXPE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEXPE valuation Price multiples at each fiscal year-end price.
EXPE returns How much profit the business earns on the capital it uses.
EXPE per-share figures Results divided by the shares outstanding at year-end.
EXPE financial health Debt, liquidity and how easily interest is covered.
EXPE efficiency & capital use Working capital cycle and where the cash goes.
EXPE valuation history
EXPE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EXPE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EXPE cash returned to shareholders
EXPE price vs earnings per share
EXPE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $37.38B | $25.70B | $22.80B | $14.17B | $27.06B | $18.72B | $16.21B | $17.22B | $18.73B | $17.50B |
| Enterprise value | $36.75B | $27.75B | $25.12B | $16.58B | $31.56B | $24.07B | $17.84B | $18.54B | $19.66B | $19.32B |
| P/E ratio | 28.9 | 20.8 | 28.6 | 40.3 | — | — | 28.7 | 42.4 | 49.6 | 62.1 |
| Price / sales | 2.5 | 1.9 | 1.8 | 1.2 | 3.1 | 3.6 | 1.3 | 1.5 | 1.9 | 2.0 |
| Price / book | 29.1 | 16.5 | 14.9 | 6.2 | 13.2 | 7.4 | 4.1 | 3.0 | 4.1 | 3.1 |
| Price / free cash flow | 12.0 | 11.0 | 12.4 | 5.1 | 8.8 | — | 10.1 | 15.7 | 17.2 | 21.5 |
| Price / operating cash flow | 9.6 | 8.3 | 8.5 | 4.1 | 7.2 | — | 5.9 | 8.7 | 10.4 | 11.2 |
| EV / sales | 2.5 | 2.0 | 2.0 | 1.4 | 3.7 | 4.6 | 1.5 | 1.7 | 2.0 | 2.2 |
| EV / EBITDA | 13.2 | 10.6 | 12.1 | 10.3 | 29.3 | — | 9.6 | 11.3 | 13.2 | 15.5 |
| EV / free cash flow | 11.8 | 11.9 | 13.6 | 6.0 | 10.3 | — | 11.1 | 16.9 | 18.1 | 23.7 |
| Earnings yield | 3.5% | 4.8% | 3.5% | 2.5% | 0.0% | −14.0% | 3.5% | 2.4% | 2.0% | 1.6% |
| Free cash flow yield | 8.3% | 9.1% | 8.1% | 19.6% | 11.4% | −24.7% | 9.9% | 6.4% | 5.8% | 4.7% |
| Dividend yield | 0.5% | 0.0% | 0.0% | 0.5% | 0.2% | 0.7% | 1.2% | 1.1% | 0.9% | 0.9% |
| Shareholder yield (dividends + buybacks) | 5.7% | 7.2% | 9.4% | 4.8% | 5.4% | 2.9% | 5.8% | 6.4% | 2.6% | 3.5% |
| Share price at fiscal year-end | $283.31 | $186.33 | $151.79 | $87.60 | $180.72 | $132.40 | $108.14 | $112.65 | $119.77 | $113.28 |
| Per share | ||||||||||
| Revenue per share | $111.66 | $99.27 | $85.46 | $72.13 | $57.42 | $36.76 | $80.51 | $73.41 | $64.33 | $56.78 |
| Earnings per share | $9.81 | $8.95 | $5.31 | $2.18 | $0.08 | −$18.47 | $3.77 | $2.66 | $2.42 | $1.82 |
| Operating cash flow per share | $29.41 | $22.37 | $17.91 | $21.27 | $25.03 | −$27.11 | $18.46 | $12.92 | $11.50 | $10.12 |
| Free cash flow per share | $23.57 | $16.89 | $12.27 | $17.17 | $20.54 | −$32.75 | $10.72 | $7.18 | $6.96 | $5.27 |
| Cash per share | $55.30 | $32.50 | $28.31 | $25.62 | $28.79 | $23.95 | $25.63 | $16.16 | $21.20 | $12.10 |
| Book value per share | $9.73 | $11.29 | $10.21 | $14.11 | $13.74 | $17.90 | $26.47 | $37.16 | $28.92 | $36.84 |
| Tangible book value per share | −$48.56 | −$44.26 | −$42.19 | −$37.52 | −$43.46 | −$45.00 | −$39.79 | −$28.98 | −$38.46 | −$30.39 |
| Dividends per share | $1.52 | $0.00 | $0.00 | $0.41 | $0.45 | $0.87 | $1.30 | $1.22 | $1.12 | $0.97 |
| Capex per share | $5.84 | $5.48 | $5.63 | $4.09 | $4.49 | $5.64 | $7.74 | $5.74 | $4.54 | $4.85 |
| Debt per share | $50.54 | $47.35 | $43.71 | $40.51 | $58.84 | $61.73 | $36.49 | $24.80 | $27.17 | $23.86 |
| Shares outstanding | 131.9M | 137.9M | 150.2M | 161.8M | 149.7M | 141.4M | 149.9M | 152.9M | 156.4M | 154.5M |
| Change in shares outstanding | −4.3% | −8.2% | −7.1% | +8.0% | +5.9% | −5.7% | −2.0% | −2.2% | +1.2% | +15.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 91.1% | 79.8% | 41.8% | 16.2% | 0.5% | −80.4% | 11.7% | 8.0% | 7.4% | 5.0% |
| Return on invested capital (ROIC) | 83.0% | 28.1% | 16.4% | 12.3% | 2.0% | −31.9% | 10.6% | 9.4% | 8.6% | 5.8% |
| Return on assets (ROA) | 5.5% | 5.6% | 3.7% | 1.6% | 0.1% | −13.0% | 2.9% | 2.2% | 2.2% | 1.8% |
| Return on tangible assets | 7.7% | 8.4% | 5.8% | 2.7% | 0.1% | −26.7% | 4.9% | 5.1% | 4.7% | 5.2% |
| Free cash flow margin | 21.1% | 17.0% | 14.4% | 23.8% | 35.8% | −89.1% | 13.3% | 9.8% | 10.8% | 9.3% |
| Income quality (OCF / net income) | 3.00 | 2.50 | 3.38 | 9.77 | 312.33 | — | 4.90 | 4.86 | 4.76 | 5.55 |
| Financial health | ||||||||||
| Total debt | $6.67B | $6.53B | $6.57B | $6.55B | $8.81B | $8.73B | $5.47B | $3.79B | $4.25B | $3.69B |
| Cash & short-term investments | $7.30B | $4.48B | $4.25B | $4.14B | $4.31B | $3.39B | $3.84B | $2.47B | $3.31B | $1.87B |
| Net debt | −$627.0M | $2.05B | $2.31B | $2.41B | $4.50B | $5.34B | $1.63B | $1.32B | $934.0M | $1.82B |
| Debt / equity | 5.19 | 4.19 | 4.28 | 2.87 | 4.28 | 3.45 | 1.38 | 0.67 | 0.94 | 0.65 |
| Debt / assets | 0.27 | 0.29 | 0.30 | 0.30 | 0.41 | 0.47 | 0.26 | 0.21 | 0.23 | 0.23 |
| Net debt / EBITDA | −0.23 | 0.78 | 1.12 | 1.50 | 4.18 | — | 0.88 | 0.81 | 0.63 | 1.46 |
| Current ratio | 0.73 | 0.72 | 0.78 | 0.82 | 0.87 | 1.04 | 0.72 | 0.64 | 0.70 | 0.56 |
| Quick ratio | 0.73 | 0.72 | 0.75 | 0.65 | 0.69 | 0.90 | 0.65 | 0.61 | 0.69 | 0.56 |
| Interest coverage | 7.2 | 5.4 | 4.2 | 3.9 | 0.5 | -7.6 | 5.2 | 3.8 | 3.4 | 2.7 |
| Working capital | −$4.46B | −$3.80B | −$2.55B | −$1.99B | −$1.27B | $228.0M | −$2.98B | −$2.86B | −$2.34B | −$2.68B |
| Invested capital | $657.0M | $3.60B | $3.85B | $4.69B | $6.56B | $7.87B | $5.60B | $7.00B | $5.46B | $7.51B |
| Tangible asset value | −$5.14B | −$4.86B | −$5.09B | −$4.62B | −$5.01B | −$4.87B | −$4.39B | −$4.43B | −$4.39B | −$4.70B |
| Net current asset value | −$9.71B | −$9.77B | −$9.63B | −$9.04B | −$9.81B | −$9.03B | −$8.14B | −$7.16B | −$6.83B | −$6.63B |
| Graham number | $46.34 | $47.67 | $34.91 | $26.29 | $4.98 | — | $47.38 | $47.12 | $39.66 | $38.89 |
| Graham net-net per share | −$86.83 | −$91.84 | −$81.85 | −$69.38 | −$78.98 | −$72.66 | −$64.74 | −$53.11 | −$48.60 | −$46.49 |
| Capital allocation | ||||||||||
| Dividends paid | $200.0M | $0 | $0 | $67.0M | $67.0M | $123.0M | $195.0M | $186.0M | $175.8M | $150.2M |
| Share buybacks (net) | $1.93B | $1.84B | $2.14B | $607.0M | $1.40B | $425.0M | $743.0M | $923.0M | $312.0M | $456.0M |
| Dividend payout ratio | 15.5% | 0.0% | 0.0% | 19.0% | 558.3% | — | 34.5% | 45.8% | 46.5% | 53.3% |
| Dividends + buybacks / free cash flow | 68.5% | 79.0% | 115.9% | 24.3% | 47.7% | — | 58.4% | 101.1% | 44.8% | 74.4% |
| Capex / revenue | 5.2% | 5.5% | 6.6% | 5.7% | 7.8% | 15.3% | 9.6% | 7.8% | 7.1% | 8.5% |
| Capex / operating cash flow | 19.8% | 24.5% | 31.4% | 19.2% | 18.0% | — | 41.9% | 44.5% | 39.5% | 47.9% |
| Capex / depreciation | 0.87 | 0.90 | 1.05 | 0.84 | 0.83 | 0.75 | 1.27 | 0.88 | 0.80 | 0.94 |
| Stock-based compensation / revenue | 2.7% | 3.3% | 3.2% | 3.2% | 4.9% | 3.9% | 2.0% | 1.8% | 1.5% | 2.8% |
| R&D / revenue | 8.7% | 9.6% | 10.6% | 10.1% | 12.5% | 19.4% | 14.6% | 14.4% | 13.8% | 14.1% |
| SG&A / revenue | 60.7% | 61.6% | 59.5% | 58.7% | 57.3% | 60.5% | 57.9% | 58.6% | 59.4% | 57.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 92.4 | 81.1 | 70.4 | 54.2 | 46.1 | 119.9 | 72.1 | 66.0 | 58.9 | 51.1 |
| Days of inventory on hand | — | — | 246.0 | 379.9 | 295.7 | 171.7 | 91.7 | 30.5 | 9.1 | 3.4 |
| Days payables outstanding | 797.3 | 782.6 | 669.9 | 515.1 | 374.0 | 434.4 | 469.4 | 466.5 | 480.3 | 446.0 |
| Cash conversion cycle (days) | -705.0 | -701.5 | -353.6 | -81.0 | -32.2 | -142.9 | -305.6 | -370.0 | -412.2 | -391.4 |
| Receivables turnover | 3.95 | 4.50 | 5.19 | 6.73 | 7.92 | 3.04 | 5.06 | 5.53 | 6.19 | 7.14 |
| Payables turnover | 0.46 | 0.47 | 0.54 | 0.71 | 0.98 | 0.84 | 0.78 | 0.78 | 0.76 | 0.82 |
| Inventory turnover | — | — | 1.48 | 0.96 | 1.23 | 2.13 | 3.98 | 11.98 | 40.02 | 106.24 |
| Asset turnover | 0.63 | 0.62 | 0.59 | 0.54 | 0.43 | 0.26 | 0.61 | 0.61 | 0.59 | 0.56 |
| Average receivables | $3.73B | $3.04B | $2.48B | $1.73B | $1.08B | $1.71B | $2.38B | $2.03B | $1.62B | $1.23B |
| Average payables | $3.18B | $3.09B | $2.89B | $2.34B | $1.56B | $1.96B | $2.66B | $2.51B | $2.31B | $1.95B |
| Average inventory | — | — | $1.06B | $1.72B | $1.23B | $775.5M | $519.0M | $164.0M | $43.9M | $15.0M |
| Intangibles / total assets | 31.5% | 34.2% | 36.4% | 38.7% | 39.7% | 47.6% | 46.4% | 56.1% | 56.9% | 65.8% |
Computed from EXPE's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
EXPE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Expedia traded at 28.9 times earnings, against a 10-year median of 34.6. Based on the latest twelve months, the trailing P/E is 18.0 and the forward P/E is 11.3. Expedia earned a return on equity of 91.1% and a return on invested capital of 83.0% in fiscal 2025. It ended the year with $6.7 billion of debt and $7.3 billion in cash and short-term investments, a net cash position of $627.0 million. It returned $2.1 billion to shareholders: $200.0 million in dividends and $1.9 billion in share buybacks, 68% of free cash flow. The share count fell 14.6% from 154.5M to 131.9M over 9 years.
See the EXPE income statement, the EXPE chart for price history, or the EXPE stock overview for the latest quote and news.
EXPE key metrics FAQ
What is Expedia's P/E ratio?
Expedia's trailing P/E ratio is 18.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.3. At the end of fiscal 2025 it was 28.9, compared with a 10-year median of 34.6.
What is Expedia's EV/EBITDA?
Expedia's enterprise value was 13.2 times EBITDA at the end of fiscal 2025 (enterprise value $36.8 billion, EBITDA $2.8 billion); the current EV/EBITDA is 8.9.
What is Expedia's return on equity?
Expedia's return on equity (ROE) was 91.1% in fiscal 2025: net income of $1.3 billion on average shareholders' equity of $1.4 billion. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Expedia's ROIC?
Expedia's return on invested capital was 83.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Expedia have?
Expedia had total debt of $6.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 5.19 and more cash than debt.
What is Expedia's dividend yield?
Expedia's forward dividend yield is 0.63%. Expedia paid $200.0 million in dividends in fiscal 2025 ($1.52 per share), a payout ratio of 15.5%.
Does Expedia buy back its shares?
Yes. Expedia spent $1.9 billion on net share repurchases in fiscal 2025 Shares outstanding changed −4.3% over the year, to 131.9M..
What is Expedia's free cash flow yield?
Expedia generated $3.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 8.3% on its market value at year-end ($37.4 billion).
What is Expedia's current ratio?
Expedia's current ratio was 0.73 at the end of fiscal 2025: current assets were 0.73 times current liabilities.