B2C was Expedia’s largest segment in fiscal 2025, bringing in $9.47B of $14.73B (64%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| B2C | $8.74B | $9.11B | $9.27B | $9.47B | ||||||||||||
| Retail | — | — | — | — | ||||||||||||
| Core Online Travel Companies | — | — | — | — | ||||||||||||
| Core Otas | — | — | — | — | ||||||||||||
| Leisure | — | — | — | — | ||||||||||||
| B2B | $2.55B | $3.39B | $4.10B | $4.84B | ||||||||||||
| Vrbo | — | — | — | — | ||||||||||||
| Trivago | $380.00M | $338.00M | $315.00M | $417.00M | ||||||||||||
| Homeaway | — | — | — | — | ||||||||||||
| Egencia | — | — | — | — | ||||||||||||
| Elong, Inc | — | — | — | — | ||||||||||||
| Total | $11.67B | $12.84B | $13.69B | $14.73B |
Expedia brought in $14.73B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 7.6% from $13.69B in fiscal 2024. B2C was the largest at $9.47B (64.3%), ahead of B2B at $4.84B (32.9%) and Trivago at $417.00M (2.8%).
Compared with fiscal 2024, Trivago grew fastest, up 32.4% to $417.00M. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $11.67B to $14.73B, a compound annual growth rate of 8.1%. B2C's share of the total fell from 74.9% to 64.3%.
Lodging was Expedia’s largest product and service line in fiscal 2025, bringing in $11.75B of $14.73B (80%).
| Product and Service | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lodging | $8.91B | $10.26B | $10.95B | $11.75B | |||||||
| Other | $1.62B | $1.34B | $1.36B | $1.40B | |||||||
| Advertising & Media | $777.00M | — | — | — | |||||||
| Air | $362.00M | $410.00M | $428.00M | $407.00M | |||||||
| Expedia Group ("Eg") Advertising | — | $483.00M | $639.00M | $758.00M | |||||||
| Trivago Advertising | — | $338.00M | $315.00M | $417.00M | |||||||
| Total | $11.67B | $12.84B | $13.69B | $14.73B |
Expedia brought in $14.73B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 7.6% from $13.69B in fiscal 2024. Lodging was the largest at $11.75B (79.8%), ahead of Other at $1.40B (9.5%) and Expedia Group ("Eg") Advertising at $758.00M (5.1%). The other two lines brought in $824.00M combined.
Compared with fiscal 2024, Trivago Advertising grew fastest, up 32.4% to $417.00M, while Air fell the most, down 4.9% to $407.00M.
Expedia began breaking out Expedia Group ("Eg") Advertising in fiscal 2023 and Trivago Advertising in fiscal 2023. Expedia stopped reporting Advertising & Media as a separate line after fiscal 2022, when it brought in $777.00M.
Merchant was Expedia’s largest revenue line in fiscal 2025, bringing in $10.26B of $14.73B (70%).
| Contract with Customer, Sales Channel | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Merchant | $7.76B | $8.82B | $9.44B | $10.26B | ||||||
| Agency | $2.99B | $3.08B | $3.17B | $3.18B | ||||||
| Advertising, Media & Other | $911.00M | $946.00M | $1.08B | $1.29B | ||||||
| Advertising & Media | — | — | — | — | ||||||
| Vrbo | — | — | — | — | ||||||
| Homeaway | — | — | — | — | ||||||
| Total | $11.67B | $12.84B | $13.69B | $14.73B |
Expedia brought in $14.73B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 7.6% from $13.69B in fiscal 2024. Merchant was the largest at $10.26B (69.6%), ahead of Agency at $3.18B (21.6%) and Advertising, Media & Other at $1.29B (8.8%).
Compared with fiscal 2024, Advertising, Media & Other grew fastest, up 19.5% to $1.29B. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $11.67B to $14.73B, a compound annual growth rate of 8.1%. Merchant's share of the total rose from 66.5% to 69.6%.
Expedia (EXPE) reports its revenue by segment, by product and service and by contract with customer, sales channel. In fiscal 2025, B2C was its largest segment, bringing in $9.47B (64.3% of the total), followed by B2B at $4.84B (32.9%).
B2C was Expedia's largest segment in fiscal 2025, bringing in $9.47B, or 64.3% of the $14.73B total across its three segments.
Lodging was Expedia's largest product and service line in fiscal 2025, bringing in $11.75B, or 79.8% of the $14.73B total across its five product and service lines.
Merchant was Expedia's largest revenue line in fiscal 2025, bringing in $10.26B, or 69.6% of the $14.73B total across its three revenue lines.
Among Expedia's segments that make up at least 2% of revenue, Trivago grew fastest in fiscal 2025, up 32.4% from $315.00M to $417.00M.
Every figure comes from Expedia's annual financial filings, as reported. Each line keeps the name Expedia gives it, and years follow its fiscal calendar.
Expedia's revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.