Expedia Group (EXPE) 10-K Summaries & Annual Filing History
Review Expedia Group, Inc. (EXPE) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Expedia Group reported annual revenue growth for the most recent period, with operating income, net income, and operating cash flow all positive. The company operates an online travel platform and faces various market and operational risks.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.7B
Revenue reported for the fiscal year.
Operating income
$1.9B
Income from operations reported for the year.
Net income
$1.3B
Net income reported for the year.
Operating cash flow
$3.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $11.7B | +35.7% |
| Dec 31, 2023 | $12.8B | +10.0% |
| Dec 31, 2024 | $13.7B | +6.6% |
| Dec 31, 2025 | $14.7B | +7.6% |
Business overview
Expedia Group operates as an online travel company, offering travel booking and related services. The business overview section indicates the company manages a portfolio of travel brands and platforms. The filing describes the company's operations across several segments, including travel advertising and technology services.
Financial performance
Revenue increased compared to the prior year, continuing a multi-year growth trend. Operating income and net income were reported for the period, and operating cash flow was positive. The provided metrics reflect positive financial direction for the year.
Material risks
The filing identifies risk factors in the designated section, including matters related to the company's operations, competition, and regulatory environment. The risk factors section covers topics such as cybersecurity, foreign exchange, and other business uncertainties. The filing does not quantify or rank these risks beyond their listing.
Liquidity and capital
The filing includes a discussion on liquidity and capital resources, noting management's approach to managing foreign exchange risk. The company reported positive operating cash flow, which supports its liquidity position.
What to watch
Readers should monitor the company's revenue growth trajectory in the next filing, given the multi-year increasing trend.