TORVANTA
Consumer Discretionary · S&P 500 · data as of 2026-10-05

EXPE stock analysis: Expedia

Expedia (EXPE) is an S&P 500 company in Hotels, Resorts & Cruise Lines. It grades strongest on growth, value and profitability.

The model's view of EXPE · subscribers

Where EXPE ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with EXPE · updated 2026-10-05 · from prices and SEC filings

EXPE price performance

EXPE against the S&P 500, one year
+0%+25%+50%EXPE +19%S&P 500 +18%2025-09-292026-10-05
Year to date-7.7%S&P 500 +14.5% · behind by 22.2 pts
1 year+19.5%S&P 500 +17.0% · ahead by 2.5 pts
3 years+164.0%S&P 500 +89.3% · ahead by 74.7 pts
5 years+56.0%S&P 500 +91.3% · behind by 35.3 pts

Total returns with dividends reinvested.

EXPE factor grades

Each grade compares EXPE with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

A-ValueP/E 16.2x (industry 16.2x)FCF yield 14.0% (industry 4.2%)
AGrowthRevenue growth +12% (industry +9%)EPS growth +97% (industry +12%)
A-ProfitabilityOperating margin 16.0% (industry 18.6%)
BMomentum12-month change +20%From 52-wk high -23%

EXPE in plain numbers

EXPE key statistics

SectorConsumer Discretionary
IndustryHotels, Resorts & Cruise Lines
IndexS&P 500
Market value$31.9B
Revenue growth (y/y)+12%
Free-cash-flow yield14.0%
Dividend yield0.7%
Next earnings (expected)2026-11-05
Valuation measures
Market value$31.9B
Enterprise value$30.7B
P/E (trailing)16.2x
Forward P/E (Torvanta estimate)10.8x
PEG (Torvanta estimate)0.22
Price / sales2.0x
Price / book26.4x
EV / revenue2.0x
EV / EBITDA9.0x
Financial highlights
Revenue, last 12 months$15.7B
Net income, last 12 months$2.0B
EPS, last 12 months (GAAP)$16.07
Operating margin16.0%
Net margin13.0%
Return on equity199.1%
Cash$6.7B
Total debt$5.5B
Debt / equity4.52x
Free cash flow, last 12 months$4.5B
Interest cover7.1x
Current ratio0.80x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

EXPE earnings trends

Revenue vs earnings
-$200.0M$1.0B$2.1B$3.3B$4.4BSep 2024 Revenue: $4.1BDec 2024 Revenue: $3.2BMar 2025 Revenue: $3.0BJun 2025 Revenue: $3.8BSep 2025 Revenue: $4.4BDec 2025 Revenue: $3.5BMar 2026 Revenue: $3.4BJun 2026 Revenue: $4.3BSep 2024 Net income: $684.0MDec 2024 Net income: $299.0MMar 2025 Net income: -$200.0MJun 2025 Net income: $330.0MSep 2025 Net income: $1.0BDec 2025 Net income: $205.0MMar 2026 Net income: -$6.0MJun 2026 Net income: $878.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 16.8%Net margin: 9.4%Net margin: -6.7%Net margin: 8.7%Net margin: 21.7%Net margin: 5.8%Net margin: -0.2%Net margin: 20.3%-7%8%22%■ Revenue ■ Net income ━ Net margin
Earnings per share$-1.6$0.7$2.9$5.1$7.3Sep 2024 EPS (GAAP, diluted): $5.0Dec 2024 EPS (GAAP, diluted): $2.2Mar 2025 EPS (GAAP, diluted): $-1.6Jun 2025 EPS (GAAP, diluted): $2.5Sep 2025 EPS (GAAP, diluted): $7.3Dec 2025 EPS (GAAP, diluted): $1.6Mar 2026 EPS (GAAP, diluted): $-0.1Jun 2026 EPS (GAAP, diluted): $7.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +45% · Dec 2025 -26% · Jun 2026 +189%

From the company's 10-Q and 10-K filings with the SEC.

Expedia financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$8.6B$11.7B$12.8B$13.7B$14.7B
Net income$12.0M$352.0M$797.0M$1.2B$1.3B
EPS (GAAP)$-2.06$2.12$5.40$9.05$9.88
Free cash flow$3.1B$2.8B$1.8B$2.3B$3.1B

EXPE earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$7.16+189%+14%-1.4%
2026-05-07$-0.05n/a+15%-7.3%
2026-02-12$1.63-26%+11%-7.5%
2025-11-06$7.33+45%+9%+21.8%
2025-08-07$2.48-11%+6%+4.8%
2025-05-08$-1.56n/a+3%-6.5%

About Expedia

HeadquartersSeattle, WA
Industry (SEC code)Transportation Services
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyExpedia, Inc.

From the company's SEC registration record.

Companies similar to EXPE

CompanyMarket valueP/ERevenue growthOperating margin12-month change
EXPE Expedia$31.9B16.2x+12%16.0%+20%
CCL Carnival$35.0B11.5x+5%16.3%-9%compare
HLT Hilton$71.1B46.4x+9%23.3%+23%compare
RCL Royal Caribbean$73.6B17.0x+9%27.3%-11%compare
MAR Marriott$92.8B36.8x+5%15.8%+34%
ABNB Airbnb$97.9Bn/a+14%20.8%+36%
BKNG Booking Holdings$119.0B1.2x+13%32.9%-26%

All Consumer Discretionary stock ratings

Frequently asked questions

Is EXPE stock a buy?

Torvanta does not tell individuals what to buy. Its grades for EXPE are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is EXPE's P/E ratio?

EXPE trades at about 16.2 times its last 12 months of GAAP earnings reported to the SEC, and about 10.8 times Torvanta's own estimate of the next 12 months.

When does EXPE report earnings next?

Based on its filing history, Torvanta expects Expedia to report around 2026-11-05.

Does EXPE pay a dividend?

Yes. Its dividend yield is about 0.7%, and it has raised its dividend 1 years in a row.

How has EXPE performed against the S&P 500?

Over the past year EXPE returned +19.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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