Expedia Group annual operating margin
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2025
Expedia Group Operating Margin Growth & History (EXPE)
Expedia Group's operating margin was 12.70% for fiscal 2025.
View full Expedia Group company overviewExpedia Group annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 12.70% | +3.07 pp |
| 2024 | 2024-12-31 | 9.63% | +1.59 pp |
| 2023 | 2023-12-31 | 8.05% | −1.25 pp |
| 2022 | 2022-12-31 | 9.30% | +7.14 pp |
| 2021 | 2021-12-31 | 2.16% | +54.46 pp |
| 2020 | 2020-12-31 | −52.30% | −59.78 pp |
| 2019 | 2019-12-31 | 7.48% | +1.12 pp |
| 2018 | 2018-12-31 | 6.36% | +0.15 pp |
| 2017 | 2017-12-31 | 6.21% | +0.95 pp |
| 2016 | 2016-12-31 | 5.27% | −0.93 pp |
| 2015 | 2015-12-31 | 6.20% | −2.79 pp |
| 2014 | 2014-12-31 | 8.98% | +1.31 pp |
| 2013 | 2013-12-31 | 7.67% | −3.04 pp |
| 2012 | 2012-12-31 | 10.71% | −3.19 pp |
| 2011 | 2011-12-31 | 13.91% | −2.60 pp |
| 2010 | 2010-12-31 | 16.51% | +2.01 pp |
| 2009 | 2009-12-31 | 14.50% | +97.20 pp |
| 2008 | 2008-12-31 | −82.70% | — |
Expedia Group quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 18.54% | +5.73 pp |
| Q1 2026 | 2026-03-31 | 7.33% | +9.67 pp |
| Q4 2025 | 2025-12-31 | 11.84% | +5.06 pp |
| Q3 2025 | 2025-09-30 | 23.48% | +4.71 pp |
| Q2 2025 | 2025-06-30 | 12.81% | +0.13 pp |
| Q1 2025 | 2025-03-31 | −2.34% | +1.46 pp |
| Q4 2024 | 2024-12-31 | 6.78% | +3.18 pp |
| Q3 2024 | 2024-09-30 | 18.77% | +3.32 pp |
| Q2 2024 | 2024-06-30 | 12.68% | −0.52 pp |
| Q1 2024 | 2024-03-31 | −3.81% | +0.73 pp |
| Q4 2023 | 2023-12-31 | 3.60% | −1.29 pp |
| Q3 2023 | 2023-09-30 | 15.45% | −5.19 pp |
| Q2 2023 | 2023-06-30 | 13.19% | +2.35 pp |
| Q1 2023 | 2023-03-31 | −4.54% | +1.46 pp |
| Q4 2022 | 2022-12-31 | 4.89% | −2.26 pp |
| Q3 2022 | 2022-09-30 | 20.64% | +2.95 pp |
| Q2 2022 | 2022-06-30 | 10.85% | +17.10 pp |
| Q1 2022 | 2022-03-31 | −6.00% | +23.61 pp |
| Q4 2021 | 2021-12-31 | 7.15% | +57.48 pp |
| Q3 2021 | 2021-09-30 | 17.69% | +25.20 pp |
| Q2 2021 | 2021-06-30 | −6.25% | +143.75 pp |
| Q1 2021 | 2021-03-31 | −29.61% | +28.96 pp |
| Q4 2020 | 2020-12-31 | −50.33% | −56.15 pp |
| Q3 2020 | 2020-09-30 | −7.51% | −24.63 pp |
| Q2 2020 | 2020-06-30 | −150.00% | −158.40 pp |
| Q1 2020 | 2020-03-31 | −58.58% | −53.56 pp |
| Q4 2019 | 2019-12-31 | 5.82% | +2.07 pp |
| Q3 2019 | 2019-09-30 | 17.12% | −3.40 pp |
| Q2 2019 | 2019-06-30 | 8.40% | +4.55 pp |
| Q1 2019 | 2019-03-31 | −5.02% | +1.56 pp |
| Q4 2018 | 2018-12-31 | 3.75% | −1.16 pp |
| Q3 2018 | 2018-09-30 | 20.51% | +4.30 pp |
| Q2 2018 | 2018-06-30 | 3.85% | −0.13 pp |
| Q1 2018 | 2018-03-31 | −6.58% | −3.24 pp |
| Q4 2017 | 2017-12-31 | 4.92% | −2.13 pp |
| Q3 2017 | 2017-09-30 | 16.22% | +1.26 pp |
| Q2 2017 | 2017-06-30 | 3.98% | +2.81 pp |
| Q1 2017 | 2017-03-31 | −3.33% | +1.78 pp |
| Q4 2016 | 2016-12-31 | 7.05% | +5.31 pp |
| Q3 2016 | 2016-09-30 | 14.96% | −2.84 pp |
| Q2 2016 | 2016-06-30 | 1.17% | −4.25 pp |
| Q1 2016 | 2016-03-31 | −5.11% | −1.40 pp |
| Q4 2015 | 2015-12-31 | 1.74% | −5.25 pp |
| Q3 2015 | 2015-09-30 | 17.80% | +0.47 pp |
| Q2 2015 | 2015-06-30 | 5.42% | −3.23 pp |
| Q1 2015 | 2015-03-31 | −3.71% | −3.46 pp |
| Q4 2014 | 2014-12-31 | 6.98% | −5.06 pp |
| Q3 2014 | 2014-09-30 | 17.33% | +0.31 pp |
| Q2 2014 | 2014-06-30 | 8.65% | +0.82 pp |
| Q1 2014 | 2014-03-31 | −0.25% | +10.18 pp |
| Q4 2013 | 2013-12-31 | 12.04% | +11.89 pp |
| Q3 2013 | 2013-09-30 | 17.03% | −1.91 pp |
| Q2 2013 | 2013-06-30 | 7.82% | −7.03 pp |
| Q1 2013 | 2013-03-31 | −10.43% | −16.40 pp |
| Q4 2012 | 2012-12-31 | 0.15% | −11.49 pp |
| Q3 2012 | 2012-09-30 | 18.94% | −1.55 pp |
| Q2 2012 | 2012-06-30 | 14.85% | −0.88 pp |
| Q1 2012 | 2012-03-31 | 5.96% | +1.13 pp |
| Q4 2011 | 2011-12-31 | 11.64% | +28.22 pp |
| Q3 2011 | 2011-09-30 | 20.49% | −7.53 pp |
| Q2 2011 | 2011-06-30 | 15.73% | −7.50 pp |
| Q1 2011 | 2011-03-31 | 4.83% | −10.79 pp |
| Q4 2010 | 2010-12-31 | −16.58% | −42.74 pp |
| Q3 2010 | 2010-09-30 | 28.02% | +13.13 pp |
| Q2 2010 | 2010-06-30 | 23.23% | — |
| Q1 2010 | 2010-03-31 | 15.62% | — |
| Q3 2009 | 2009-09-30 | 26.16% | — |
| Q2 2009 | 2009-06-30 | 14.89% | — |
Expedia Group operating margin trends
Over the last five reported fiscal years, Expedia Group's operating margin increased from −52.30% to 12.70%, a change of +65.00 percentage points. The latest reported quarter, Q2 2026, shows 18.54%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Expedia Group filings at SEC.gov ↗