Expedia Group, Inc. (EXPE) closed fiscal year 2025 with a gross margin of 90.1 % and a net margin of 8.8 %.
Expedia Group, Inc. (EXPE) closed fiscal year 2025 with a gross margin of 90.1 % and a net margin of 8.8 %. The same year shows an EBITDA margin of 18.7 % and an EBIT margin of 12.7 %. The free cash flow margin was 21.1 %. Against the previous year the gross margin moved +0.7 pp and the net margin −0.2 pp. Across the period the gross margin ranges between 77.4 % in 2010 and 90.1 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 78.25 % | 78.03 % | 77.40 % | 77.93 % | 77.70 % | 78.24 % | 79.54 % | 80.37 % | 81.80 % | 82.53 % | 82.49 % | 82.08 % | — | — | 85.80 % | 87.75 % | 89.46 % | 90.12 % |
| EBITDA margin (%) | -77.72 % | 18.78 % | 20.73 % | 18.40 % | 15.57 % | 13.61 % | 14.93 % | 13.59 % | 14.32 % | 15.05 % | 14.91 % | 15.02 % | -35.12 % | 11.63 % | 16.09 % | 14.33 % | 15.75 % | 18.72 % |
| EBIT margin (%) | -82.70 % | 14.50 % | 16.51 % | 13.91 % | 10.71 % | 7.67 % | 8.98 % | 6.20 % | 5.27 % | 6.21 % | 6.36 % | 7.48 % | -52.30 % | 2.16 % | 9.30 % | 8.05 % | 9.63 % | 12.70 % |
| Net margin (%) | -85.73 % | 10.92 % | 13.89 % | 13.69 % | 6.95 % | 4.88 % | 6.91 % | 11.46 % | 3.21 % | 3.76 % | 3.62 % | 4.68 % | -50.24 % | 0.14 % | 3.02 % | 6.21 % | 9.01 % | 8.78 % |
| FCF margin (%) | 12.29 % | 21.77 % | 21.13 % | 23.84 % | 24.85 % | 9.53 % | 18.02 % | 8.71 % | 9.12 % | 11.28 % | 9.77 % | 13.32 % | -89.07 % | 35.76 % | 23.81 % | 14.36 % | 17.01 % | 21.11 % |
