EXPEExpedia Group, Inc.
Transportation Services
- Revenue
- $14.7B
- 7.6% YoY
- Operating margin
- 12.7%
- 32% YoY
- EBITDA
- $2.8B
- 28% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.4×
- −$1.2B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear298% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear55% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear24% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.6B | $11.7B | $12.8B | $13.7B | $14.7B | 7.6% |
| Operating income | $186M | $1.1B | $1.0B | $1.3B | $1.9B | 42% |
| Net income | $15M | $343M | $688M | $1.2B | $1.3B | 6.3% |
| Operating cash flow | $3.7B | $3.4B | $2.7B | $3.1B | $3.9B | 26% |
| Capex | $673M | $662M | $846M | $756M | $770M | 1.9% |
| Stock-based comp | $418M | $374M | $413M | $458M | $398M | 13% |
| Buybacks | $165M | $607M | $2.1B | $1.8B | $1.9B | 4.9% |
| Dividends | — | — | $0 | $0 | $200M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 216 | 138 |
| FY2024 | — | — | 141 | 115 |
| FY2023 | — | — | 115 | 87 |
| FY2022 | — | — | 66 | 59 |
| FY2021 | — | — | 137 | 98 |