Growth Metrics

Expedia (EXPE) Gross Margin (2016 - 2026)

Expedia has reported Gross Margin over the past 17 years, most recently at 52.18% for Q4 2025.

  • Quarterly Gross Margin rose 80.0% to 52.18% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 59.62% through Dec 2025, up 962.0% year-over-year, with the annual reading at 50.12% for FY2025, 12.0% up from the prior year.
  • Gross Margin was 52.18% for Q4 2025 at Expedia, down from 55.21% in the prior quarter.
  • Over five years, Gross Margin peaked at 209.59% in Q4 2023 and troughed at 59.78% in Q4 2022.
  • The 5-year median for Gross Margin is 65.13% (2025), against an average of 67.97%.
  • Year-over-year, Gross Margin soared 26937bps in 2023 and then crashed -15821bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 82.67% in 2021, then tumbled by -172bps to 59.78% in 2022, then skyrocketed by 451bps to 209.59% in 2023, then crashed by -75bps to 51.38% in 2024, then increased by 2bps to 52.18% in 2025.
  • Per Business Quant, the three most recent readings for EXPE's Gross Margin are 52.18% (Q4 2025), 55.21% (Q3 2025), and 49.29% (Q2 2025).