Expedia (EXPE) Return on Invested Capital [ROIC] (2010 - 2026)
Expedia (EXPE) reported Return on Invested Capital [ROIC] of 29.47% for Q2 2026, up 16.48 percentage points from 12.98% a year earlier and up 5.80 percentage points from the prior quarter.
Expedia (EXPE) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Expedia posted Return on Invested Capital [ROIC] of 17.22%, up 5.65 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased for five consecutive years, with a five-year change of +38.92 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 11.57% in FY2024 (+4.22 pp), 7.35% in FY2023 (+1.05 pp), 6.30% in FY2022 (+6.30 pp) and 0.00% in FY2021 (+21.70 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2010.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last four quarters, with an average year-over-year change of +9.80 percentage points over the last four quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at 23.67% (Q1 2026), 17.47% (Q4 2025) and 16.20% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 2.33% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 75.49% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | - |
| 10 | Expedia | 30.34 Bn | 5.51 Bn | 3.91 Bn | 29.47% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.47% |
| Mar 31, 2026 | 23.67% |
| Dec 31, 2025 | 17.47% |
| Sep 30, 2025 | 16.20% |
| Jun 30, 2025 | 12.98% |
| Mar 31, 2025 | 12.14% |
| Dec 31, 2024 | 11.70% |
| Sep 30, 2024 | 10.78% |
| Dec 31, 2022 | 6.95% |
| Sep 30, 2022 | 7.61% |
| Jun 30, 2022 | 6.49% |
| Mar 31, 2022 | 3.39% |
| Dec 31, 2021 | 0.00% |
| Dec 31, 2020 | -20.92% |
| Sep 30, 2020 | -16.86% |
| Jun 30, 2020 | -13.28% |
| Mar 31, 2020 | -2.72% |
| Dec 31, 2019 | 6.31% |
| Sep 30, 2019 | 6.04% |
| Jun 30, 2019 | 8.03% |
Expedia Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=EXPE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=EXPE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();