Expedia (EXPE) Research & Development (2009 - 2026)
Expedia (EXPE) posted quarterly Research & Development of $324.0 million for Q1 2026, down 81.56% year-over-year from $1.8 billion in Q1 2025, and down 80.9% quarter-over-quarter from $1.7 billion in Q4 2025.
Expedia (EXPE) Research & Development (2009 - 2026) Analysis & Trends
Expedia (EXPE) has reported Research & Development for 18 consecutive years, with $324.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 81.56% year-over-year to $324.0 million; the TTM figure through Mar 2026 stood at $4.3 billion (up 3890.35% YoY), while the FY2025 annual figure was $7.3 billion, up 459.28% from the prior year.
- Research & Development fell to $324.0 million in Q1 2026 per EXPE's latest filing, from $1.7 billion in the prior quarter.
- Across five years, Research & Development topped out at $5.1 billion in Q4 2023 and bottomed at -$4.0 billion in Q4 2024.
- Historically, Research & Development has averaged $837.7 million across 5 years, with a median of $1.5 billion in 2023.
- On a YoY basis, Research & Development climbed as much as 521.74% in 2022 and fell as far as 1200.31% in 2022.
- Expedia's Research & Development stood at -$3.5 billion in 2022, then surged by 244.12% to $5.1 billion in 2023, then tumbled by 178.03% to -$4.0 billion in 2024, then soared by 142.57% to $1.7 billion in 2025, then sank by 80.9% to $324.0 million in 2026.
- Business Quant data shows EXPE's Research & Development at $324.0 million in Q1 2026, $1.7 billion in Q4 2025, and $2.0 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.46 Bn | 142.25 Bn | 4.98 Bn | 263.00 Mn |
| 2 | Airbnb | 106.62 Bn | 94.55 Bn | 2.98 Bn | 875.00 Mn |
| 3 | Royal Caribbean Cruises | 81.49 Bn | 80.57 Bn | 2.29 Bn | - |
| 4 | Viking Holdings | 44.83 Bn | 41.02 Bn | 713.43 Mn | - |
| 5 | Expedia | 39.03 Bn | 31.90 Bn | 3.91 Bn | 2.12 Bn |
| 6 | Carnival | 38.43 Bn | 36.18 Bn | - | - |
| 7 | Trip.com | 29.09 Bn | 17.40 Bn | 1.86 Bn | -543.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.49 Bn | 8.27 Bn | 1.05 Bn | - |
| 9 | MakeMyTrip | 5.86 Bn | 5.08 Bn | 212.91 Mn | 48.79 Mn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 160.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.12 Bn |
| Mar 31, 2026 | 324.00 Mn |
| Dec 31, 2025 | 1.70 Bn |
| Sep 30, 2025 | 1.98 Bn |
| Jun 30, 2025 | 325.00 Mn |
| Mar 31, 2025 | 1.76 Bn |
| Dec 31, 2024 | -3.98 Bn |
| Sep 30, 2024 | 320.00 Mn |
| Jun 30, 2024 | 1.79 Bn |
| Mar 31, 2024 | 341.00 Mn |
| Dec 31, 2023 | 5.11 Bn |
| Sep 30, 2023 | 340.00 Mn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.49 Bn |
| Dec 31, 2022 | -3.54 Bn |
| Sep 30, 2022 | 1.67 Bn |
| Jun 30, 2022 | 1.72 Bn |
| Mar 31, 2022 | 1.34 Bn |
| Dec 31, 2021 | 322.00 Mn |
| Sep 30, 2021 | 1.31 Bn |