Expedia Group (EXPE) FY2025 10-K Annual Report

Filed: Feb 13, 2026
Industrials
Transportation ServicesSEC EDGAR

Expedia Group (EXPE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Expedia Group FY2025 10-K Analysis

Business Overview

  • Core business model: Online travel agency offering lodging, transportation, and experiences via merchant and agency models
  • Emphasis on emerging markets like Latin America and Eastern Europe as key growth opportunities amid increasing competition
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Management Discussion & Analysis

  • Revenue and profitability not specified; no YoY dollar or % changes provided
  • No segment performance data included to identify best or worst performing units
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Risk Factors

  • Tax risk from changes or interpretations of U.S. and international tax laws, with $298 million net unrecognized tax benefits as of Dec 31, 2025
  • Exposure to foreign currency fluctuations led to $189 million cash increase in 2025 from currency appreciation
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Expedia Group FY2025 Key Financial Metrics
XBRL

Revenue

$14.7B

+7.6% YoY

Net Income

$1.3B

+4.9% YoY

Operating Margin

12.7%

+307bp YoY

Net Margin

8.8%

-23bp YoY

ROE

100.8%

+2152bp YoY

Total Assets

$24.5B

+9.2% YoY

EPS (Diluted)

$9.81

+9.6% YoY

Operating Cash Flow

$3.9B

+25.8% YoY

Source: XBRL data from Expedia Group FY2025 10-K filing on SEC EDGAR. All figures in USD.

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