Expedia (EXPE) Gross Margin (2009 - 2026)
Expedia (EXPE) recorded Gross Margin of 90.66% in Q2 2026, up 0.62 percentage points from 90.04% a year earlier and up 1.66 percentage points from the prior quarter.
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Analysis
Expedia (EXPE) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Expedia's Gross Margin came in at 90.43% as of Jun 30, 2026, up 0.83 percentage points year-over-year; for FY2025, it was 90.12%, up 0.66 percentage points from FY2024.
- Annual Gross Margin has increased for five straight years, with a five-year change of +21.84 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 89.46% in FY2024 (+1.71 pp), 87.75% in FY2023 (+1.95 pp), 85.80% in FY2022 (+3.50 pp) and 82.30% in FY2021 (+14.02 pp).
- Quarterly Gross Margin has ranged from 82.67% in Q4 2021 to 91.48% in Q3 2025 over the past five years.
- On a year-over-year basis, Gross Margin has increased for 22 consecutive quarters, with an average year-over-year change of +0.78 percentage points over the last eight quarters.
- The year-over-year gain in Gross Margin has ranged between 0.22 percentage points (Q2 2025) and 12.67 percentage points (Q4 2021) over the last five years.
- Per Business Quant, the preceding three quarters came in at 89.00% (Q1 2026), 90.25% (Q4 2025) and 91.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 81.37% |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 51.93% |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 38.11% |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 47.67% |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 57.06% |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 33.41% |
| 10 | Expedia | 30.15 Bn | 5.32 Bn | 3.91 Bn | 90.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 90.66% |
| Mar 31, 2026 | 89.00% |
| Dec 31, 2025 | 90.25% |
| Sep 30, 2025 | 91.48% |
| Jun 30, 2025 | 90.04% |
| Mar 31, 2025 | 88.05% |
| Dec 31, 2024 | 89.48% |
| Sep 30, 2024 | 90.44% |
| Jun 30, 2024 | 89.83% |
| Mar 31, 2024 | 87.61% |
| Dec 31, 2023 | 88.22% |
| Sep 30, 2023 | 89.51% |
| Jun 30, 2023 | 87.88% |
| Mar 31, 2023 | 84.47% |
| Dec 31, 2022 | 84.26% |
| Sep 30, 2022 | 87.43% |
| Jun 30, 2022 | 86.83% |
| Mar 31, 2022 | 83.50% |
| Dec 31, 2021 | 82.67% |
| Sep 30, 2021 | 85.08% |
API Access
Expedia Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EXPE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EXPE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EXPE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();