Expedia (EXPE) Operating Expenses (2009 - 2026)

Expedia (EXPE) reported Operating Expenses of $797.0 million for Q1 2026, up 8.58% year-over-year from $734.0 million in Q1 2025, and up 3.91% quarter-over-quarter from $767.0 million in Q4 2025.

Expedia (EXPE) Operating Expenses (2009 - 2026) Analysis & Trends

Expedia (EXPE) has 18 years of Operating Expenses data on file, last reported at $797.0 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $797.0 million, up 8.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 billion (up 3.48% YoY), and the FY2025 annual result was $3.0 billion, up 0.54% from the prior year.
  • Operating Expenses rose to $797.0 million in Q1 2026 per EXPE's latest filing, from $767.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $797.0 million in Q1 2026 and troughed at $631.0 million in Q1 2022.
  • A 5-year average of $723.2 million and a median of $728.0 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses gained 13.57% in 2024, then decreased 4.68% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $680.0 million in 2022, then advanced by 10.15% to $749.0 million in 2023, then increased by 0.27% to $751.0 million in 2024, then grew by 2.13% to $767.0 million in 2025, then rose by 3.91% to $797.0 million in 2026.
  • Business Quant data shows EXPE's Operating Expenses at $797.0 million in Q1 2026, $767.0 million in Q4 2025, and $717.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 4.26 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 2.59 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 582.00 Mn
4 Carnival 37.80 Bn 36.39 Bn - 3.94 Bn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 797.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 720.40 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 837.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 802.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -1.38 Bn
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 797.00 Mn
Dec 31, 2025 767.00 Mn
Sep 30, 2025 717.00 Mn
Jun 30, 2025 778.00 Mn
Mar 31, 2025 734.00 Mn
Dec 31, 2024 751.00 Mn
Sep 30, 2024 752.00 Mn
Jun 30, 2024 719.00 Mn
Mar 31, 2024 770.00 Mn
Dec 31, 2023 749.00 Mn
Sep 30, 2023 728.00 Mn
Jun 30, 2023 722.00 Mn
Mar 31, 2023 678.00 Mn
Dec 31, 2022 680.00 Mn
Sep 30, 2022 673.00 Mn
Jun 30, 2022 649.00 Mn
Mar 31, 2022 631.00 Mn
Dec 31, 2021 635.00 Mn
Sep 30, 2021 648.00 Mn
Jun 30, 2021 652.00 Mn