Expedia (EXPE) Operating Margin (2009 - 2026)
Expedia (EXPE) recorded Operating Margin of 18.54% in Q2 2026, up 5.73 percentage points from 12.81% a year earlier and up 11.21 percentage points from the prior quarter.
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Analysis
Expedia (EXPE) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Expedia's Operating Margin came in at 15.97% as of Jun 30, 2026, up 6.03 percentage points year-over-year; for FY2025, it was 12.70%, up 3.07 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +65.00 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 9.63% in FY2024 (+1.59 pp), 8.05% in FY2023 (-1.25 pp), 9.30% in FY2022 (+7.14 pp) and 2.16% in FY2021 (+54.46 pp).
- Quarterly Operating Margin has ranged from -6.00% in Q1 2022 to 23.48% in Q3 2025 over the past five years.
- On a year-over-year basis, Operating Margin has increased for eight consecutive quarters, with an average year-over-year change of +4.16 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 57.48 percentage points in Q4 2021, against a drop of 5.19 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.33% (Q1 2026), 11.84% (Q4 2025) and 23.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 30.88% |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 33.38% |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | 5.64% |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 13.62% |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 13.32% |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | 34.00% |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | 24.71% |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 77.68% |
| 10 | Expedia | 30.49 Bn | 5.66 Bn | 3.91 Bn | 18.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.54% |
| Mar 31, 2026 | 7.33% |
| Dec 31, 2025 | 11.84% |
| Sep 30, 2025 | 23.48% |
| Jun 30, 2025 | 12.81% |
| Mar 31, 2025 | -2.34% |
| Dec 31, 2024 | 6.78% |
| Sep 30, 2024 | 18.77% |
| Jun 30, 2024 | 12.68% |
| Mar 31, 2024 | -3.81% |
| Dec 31, 2023 | 3.60% |
| Sep 30, 2023 | 15.45% |
| Jun 30, 2023 | 13.19% |
| Mar 31, 2023 | -4.54% |
| Dec 31, 2022 | 4.89% |
| Sep 30, 2022 | 20.64% |
| Jun 30, 2022 | 10.85% |
| Mar 31, 2022 | -6.00% |
| Dec 31, 2021 | 7.15% |
| Sep 30, 2021 | 17.69% |
API Access
Expedia Operating 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=operating-margin&ticker=EXPE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=EXPE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();