EXPE Expedia Group margins

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  2. Consumer Cyclical
  3. NASDAQ: EXPE
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Relative Growth: Rel. Growth: 98
Relative Strength: Rel. Strength: 61
Relative Valuation: Rel. Valuation: 87
Relative Profitability: Rel. Profitability: 75
Gross margin
90.4%
Operating margin
16%
EBITDA margin
23.5%
Net margin
13%

Using the latest TTM figures, Expedia Group shows a gross margin of 90.4%, an operating margin of 16%, an EBITDA margin of 23.5%, and a net margin of 13%. Operating margin had the largest improvement, increasing by 6.1 percentage points, while the other available margins also improved.

EXPE margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Expedia Group recorded average margins of 89.41% gross, 10.64% operating, 18.71% EBITDA, and 8.47% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

EXPE margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 6.1 percentage points.

Gross margin expansion
0.8pp
Operating margin expansion
6.1pp
EBITDA margin expansion
5.5pp
Net margin expansion
5.1pp

EXPE Gross margin

The average gross margin for Expedia Group was 89.41% over the last 3 years. At present, the current gross margin for Expedia Group is 90.4%, 1 percentage points above its three-year average. The gross margin for Expedia Group moved between 87.7% in Dec 2023 and 90.4% in Jun 2026.

EXPE Operating margin

Across the last 3 years, Expedia Group's operating margin stood at 10.64%. The current operating margin stands at 16%, 5.4 percentage points above its three-year average. Operating margin was highest at 16% in Jun 2026 and lowest at 7.9% in Jun 2024.

EXPE EBITDA margin

The average EBITDA margin for Expedia Group was 18.71% in the last 3 years. At present, the current EBITDA margin for Expedia Group is 23.5%, 4.8 percentage points above its three-year average. The EBITDA margin for Expedia Group moved between 16.2% in Mar 2024 and 23.5% in Jun 2026.

EXPE Net margin

Expedia Group recorded an average net margin of 8.47% across the last 3 years. Against its three-year average, Expedia Group's net margin is currently 13%, 4.5 percentage points above its three-year average. Looking back over the last 3 years, Expedia Group's net margin reached 13% at its highest point in Jun 2026 and 6.1% at its lowest in Jun 2024.

EXPE margin group comparison

Margins compared with peer-group, industry and sector averages

Expedia Group's gross margin of 90.4% is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Expedia Group's gross margin is 149% higher.

EXPE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Expedia Group's gross margin?

For the period ending Jun 30, 2026, EXPE recorded a gross margin of 90.4%.

What is Expedia Group's operating margin?

The current operating margin for EXPE is 16% as of Jun 30, 2026.

What is Expedia Group's EBITDA margin?

For the period ending Jun 30, 2026, EXPE recorded an EBITDA margin of 23.5%.

What is Expedia Group's net margin?

As of Jun 30, 2026, EXPE has a net margin of 13%.

What are the average margins of EXPE?

Expedia Group's gross, operating, EBITDA, and net margins averaged 89.4% gross, 10.6% operating, 18.7% EBITDA, and 8.5% net over the last 3 years.

What are the highest historical margins of EXPE?

Expedia Group's highest recorded margins during the past 5 years were 90.4% gross in Jun 2026, 16% operating in Jun 2026, 23.5% EBITDA in Jun 2026, and 13% net in Jun 2026.

What are the lowest historical margins of EXPE?

Looking back across 5 years, EXPE reached its lowest margins at 82.3% gross in Dec 2021, 2.2% operating in Dec 2021, 13.1% EBITDA in Dec 2021, and 0.1% net in Dec 2021.