Expedia (EXPE) Net Margin (2009 - 2026)
Expedia (EXPE) posted quarterly Net Margin of 0.35% for Q1 2026, up 624.0% year-over-year from 0.05% in Q1 2025, and down 105.86% quarter-over-quarter from 5.98% in Q4 2025.
Expedia (EXPE) Net Margin (2009 - 2026) Analysis & Trends
Expedia (EXPE) has reported Net Margin for 18 consecutive years, with 0.35% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin rose 624.0% year-over-year to 0.35%; the TTM figure through Mar 2026 stood at 9.8% (up 136.0% YoY), while the FY2025 annual figure was 8.83%, down 11.0% from the prior year.
- Net Margin declined to 0.35% in Q1 2026 per EXPE's latest filing, from 5.98% in the prior quarter.
- Across five years, Net Margin topped out at 21.85% in Q3 2025 and bottomed at 6.59% in Q1 2025.
- Historically, Net Margin has averaged 5.24% across 5 years, with a median of 6.76% in 2022.
- Annual changes were most pronounced in 2022 — Net Margin jumped 4321 bps — and 2023, when it sank 556 bps.
- Expedia's Net Margin stood at 6.76% in 2022, then tumbled by 30 bps to 4.71% in 2023, then surged by 101 bps to 9.45% in 2024, then slumped by 37 bps to 5.98% in 2025, then plunged by 106 bps to 0.35% in 2026.
- Business Quant data shows EXPE's Net Margin at 0.35% in Q1 2026, 5.98% in Q4 2025, and 21.85% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.99% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.07% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 20.28% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.28% |
| Mar 31, 2026 | -0.35% |
| Dec 31, 2025 | 5.98% |
| Sep 30, 2025 | 21.85% |
| Jun 30, 2025 | 8.51% |
| Mar 31, 2025 | -6.59% |
| Dec 31, 2024 | 9.45% |
| Sep 30, 2024 | 16.85% |
| Jun 30, 2024 | 10.54% |
| Mar 31, 2024 | -4.71% |
| Dec 31, 2023 | 4.71% |
| Sep 30, 2023 | 7.76% |
| Jun 30, 2023 | 11.52% |
| Mar 31, 2023 | -5.25% |
| Dec 31, 2022 | 6.76% |
| Sep 30, 2022 | 13.32% |
| Jun 30, 2022 | -5.82% |
| Mar 31, 2022 | -5.42% |
| Dec 31, 2021 | 12.11% |
| Sep 30, 2021 | 12.22% |