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Expedia Valuation Multiples
Discover revenue and EBITDA valuation multiples for Expedia and similar public comparables like Amadeus, CoStar Group, DiDi, RB Global and more.
Expedia Overview
About Expedia
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2024 sales), air tickets (3%), rental cars, cruises, in-destination, and other (10%), and advertising revenue (7%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and alternative accommodations brand Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
Founded
2005
HQ
Employees
16.0K
Website
Financials (LTM)
EV
$27B
Expedia Financials
Expedia reported last 12-month revenue of $15B and EBITDA of $4B.
In the same LTM period, Expedia generated $13B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
Expedia P&L
In the most recent fiscal year, Expedia reported revenue of $15B and EBITDA of $4B.
Expedia expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Margin | 90% | XXX | 90% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $748M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Expedia Stock Performance
Expedia has current market cap of $26B, and enterprise value of $27B.
Market Cap Evolution
Expedia's stock price is $213.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $27B | $26B | 0.0% | XXX | XXX | XXX | $16.64 |
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Start Free TrialExpedia Valuation Multiples
Expedia trades at 1.8x EV/Revenue multiple, and 7.5x EV/EBITDA.
EV / Revenue (LTM)
Expedia Financial Valuation Multiples
As of March 7, 2026, Expedia has market cap of $26B and EV of $27B.
Equity research analysts estimate Expedia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Expedia has a P/E ratio of 12.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV (current) | $27B | XXX | $27B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 7.7x | XXX | XXX | XXX |
| EV/EBIT | 13.3x | XXX | 12.4x | XXX | XXX | XXX |
| EV/Gross Profit | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | 12.8x | XXX | XXX | XXX |
| EV/FCF | 8.5x | XXX | 8.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Expedia Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Expedia Margins & Growth Rates
Expedia's revenue in the last 12 month grew by 8%.
Expedia's revenue per employee in the last FY averaged $0.9M.
Expedia's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Expedia's rule of X is 44% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Expedia Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 44% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 55% | XXX | 56% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 75% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Expedia Public Comps
See public comps and valuation multiples for other Travel Services and Online Travel comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Amadeus | XXX | XXX | XXX | XXX | XXX | XXX |
| CoStar Group | XXX | XXX | XXX | XXX | XXX | XXX |
| DiDi | XXX | XXX | XXX | XXX | XXX | XXX |
| RB Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Trip.com | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Expedia M&A Activity
Expedia acquired XXX companies to date.
Last acquisition by Expedia was on XXXXXXXX, XXXXX. Expedia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Expedia
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialExpedia Investment Activity
Expedia invested in XXX companies to date.
Expedia made its latest investment on XXXXXXXX, XXXXX. Expedia invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Expedia
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Expedia
| When was Expedia founded? | Expedia was founded in 2005. |
| Where is Expedia headquartered? | Expedia is headquartered in United States. |
| How many employees does Expedia have? | As of today, Expedia has over 16K employees. |
| Who is the CEO of Expedia? | Expedia's CEO is Ariane Gorin. |
| Is Expedia publicly listed? | Yes, Expedia is a public company listed on Nasdaq. |
| What is the stock symbol of Expedia? | Expedia trades under EXPE ticker. |
| When did Expedia go public? | Expedia went public in 1999. |
| Who are competitors of Expedia? | Expedia main competitors are Amadeus, CoStar Group, DiDi, RB Global. |
| What is the current market cap of Expedia? | Expedia's current market cap is $26B. |
| What is the current revenue of Expedia? | Expedia's last 12 months revenue is $15B. |
| What is the current revenue growth of Expedia? | Expedia revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Expedia? | Current revenue multiple of Expedia is 1.8x. |
| Is Expedia profitable? | Yes, Expedia is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Expedia? | Expedia's last 12 months EBITDA is $4B. |
| What is Expedia's EBITDA margin? | Expedia's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Expedia? | Current EBITDA multiple of Expedia is 7.5x. |
| What is the current FCF of Expedia? | Expedia's last 12 months FCF is $3B. |
| What is Expedia's FCF margin? | Expedia's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Expedia? | Current FCF multiple of Expedia is 8.5x. |
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