Expedia (EXPE) Research & Development (2009 - 2026)

Expedia's (EXPE) quarterly Research & Development came in at $324.0 million in Q1 2026, down 81.56% year-on-year from $1.8 billion in Q1 2025, and down 80.9% on a QoQ basis from $1.7 billion in Q4 2025.

Expedia (EXPE) Research & Development (2009 - 2026) Analysis & Trends

Expedia (EXPE) has 18 years of Research & Development data on file, last reported at $324.0 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 81.56% year-over-year to $324.0 million in Q1 2026; TTM through Mar 2026 was $4.3 billion, a 3890.35% increase from a year earlier, with the FY2025 full-year figure at $7.3 billion, up 459.28% from the prior year.
  • Research & Development for Q1 2026 stood at $324.0 million, down from $1.7 billion in the prior quarter.
  • Over the last five years, Research & Development for EXPE reached as high as $5.1 billion in Q4 2023 and fell as low as -$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.
  • Year by year, Research & Development stood at -$3.5 billion in 2022, then jumped by 244.12% to $5.1 billion in 2023, then tumbled by 178.03% to -$4.0 billion in 2024, then surged by 142.57% to $1.7 billion in 2025, then sank by 80.9% to $324.0 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $324.0 million in Q1 2026, $1.7 billion in Q4 2025, and $2.0 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 240.00 Mn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn -
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 751.00 Mn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 379,000.00
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -
6 Carnival 34.61 Bn 32.38 Bn - -
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 324.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn -
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 42.07 Mn
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 126.00 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 276.00 Mn