Expedia Group, Inc.

EXPENASDAQConsumer Cyclical● Active

$228.67

$-0.22(-0.09%)

Market Cap$26.2B

P/E Ratio—

52W High$303.8

52W Low$160

Avg Volume1.9M

Open$227.88

Beta1.26

Free Cash Flow Financials Revenue

Expedia Group, Inc. (EXPE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

EXPE · free cash flow · updated Jun 8, 2026

Core FCF metrics

EXPE · FCF · TTM · margin & CAGR

Free cash flow was $3.11B for FY2025 (fiscal year ending 2025-12-31), up 33.5% year-over-year The FCF margin was 21.1%.

FY2025 Free Cash Flow$3.11B▲ +33.5% YoY

Trailing 12M (TTM)$4.69Btrailing 4 quarters sum

FCF Margin21.1%$3.11B ÷ revenue

3-Year CAGR+3.8%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

EXPE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.88B(770M)$3.11B▲ +33.5%21.1%

FY2024$3.08B(756M)$2.33B▲ +26.3%17.0%

FY2023$2.69B(846M)$1.84B▼ 33.6%14.4%

FY2022$3.44B(662M)$2.78B▼ 9.7%23.8%

FY2021$3.75B(673M)$3.08B▲ +166.4%35.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

EXPE · P/FCF · FCF yield · FCF per share

Expedia Group, Inc. (EXPE) trades at a FCF yield of 17.88% and a price-to-free-cash-flow ratio of 6.1x. FCF per share stands at $37.38, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

17.88%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$37.38

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x4.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

EXPE · cash flow statement · operating / investing / financing

For FY2025, Expedia Group, Inc. generated $3.88B in operating cash flow and spent 770M in capital expenditures, yielding $3.11B in free cash flow.

Operating Activities

+$3.88B

Cash from core business operations

2025-12-31

Investing Activities

−$531.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.14B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.88B) − |CapEx| (770M) = FCF ($3.11B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

EXPE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Expedia Group, Inc.YOU

EXPE

$3.11B+33.5%21.1%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Expedia Group, Inc. (EXPE) reported free cash flow of $3.11B for FY2025 (fiscal year ending 2025-12-31), up 33.5% year-over-year. The FCF margin was 21.1%.

Based on available data, Expedia Group, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $3.11B in FY2025.

Expedia Group, Inc.'s FCF yield is 17.88% and price-to-FCF ratio is 6.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

EXPE free cash flow · 8 questions

Expedia Group, Inc. free cash flow was $3.11B for FY2025, up 33.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.69B.

EXPE free cash flowEXPE FCFEXPE FCF 2025EXPE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Expedia Group, Inc. · Expedia Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026