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Expedia Group is a global online travel company headquartered in Seattle, Washington. Founded in 1996, it operates a portfolio of travel brands that help travelers search, compare, and book hotels, vacation rentals, flights, packages, rental cars, cruises, and experiences.
Expedia Group includes consumer brands like Expedia and Vrbo, plus a large and growing B2B business that powers travel bookings for partners. The company also earns revenue from advertising products sold across its travel platforms.
Answer box: Expedia Group’s latest full-year results (FY 2025) show $14.733B in revenue on $119.590B in gross bookings, with 415.4M booked room nights. The company reported $1.294B net income attributable to Expedia Group, Inc. and ended 2025 with ~16,000 employees across nearly 50 countries.
Sources: Expedia Group FY 2025 Form 10-K (SEC) and FY 2025 earnings release.
Key Expedia Group metrics (latest available)
All figures below are company-reported. Fiscal years are the year ended December 31.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total revenue | $14.733B | $13.691B | $12.839B |
| Total gross bookings | $119.590B | $110.921B | $104.079B |
| Net income attributable to Expedia Group, Inc. | $1.294B | $1.234B | $797M |
| Booked room nights | 415.4M | 383.9M | — |
| Revenue margin (revenue as % of gross bookings) | 12.3% | 12.3% | 12.3% |
Sources: Expedia Group FY 2025 Form 10-K (SEC) and FY 2025 earnings release.
Expedia Group marketplace supply (company-reported)
- Lodging properties available (end of 2025): ~3.6 million total lodging properties, including ~2.4 million online bookable alternative accommodations through Vrbo and ~1.2 million hotels and alternative accommodations through other brands. (2025)
- Airline partners: 500+ airlines (2025)
Source: Expedia Group FY 2025 Form 10-K (SEC)
Employees and global footprint
- Employees: ~16,000 (as of Dec 31, 2025)
- Countries with employees: nearly 50 (as of Dec 31, 2025)
Source: Expedia Group FY 2025 Form 10-K (SEC)
What these trends mean
1) Expedia is growing both consumer and partner (B2B) demand
From 2023 to 2025, gross bookings increased from $104.079B to $119.590B, while revenue rose from $12.839B to $14.733B. Expedia’s filings break gross bookings into B2C and B2B, with B2B posting faster growth in 2025.
2) Revenue margin has stayed steady
Revenue margin (revenue divided by gross bookings) held at 12.3% across 2023–2025, suggesting Expedia’s overall monetization rate remained consistent even as bookings expanded.
3) Room-night growth is a practical “demand” signal
Booked room nights rose from 383.9M (2024) to 415.4M (2025), reflecting higher lodging volume across Expedia’s hotel and vacation rental offerings.
FAQ
What are “gross bookings” for Expedia Group?
Gross bookings generally represent the total retail value of travel transactions booked (including taxes, fees, and other charges), reduced for cancellations and refunds.
How is Expedia Group revenue different from gross bookings?
Gross bookings reflect the retail value of travel sold, while revenue reflects what Expedia recognizes under accounting rules based on its business model (for example, merchant vs. agency) and advertising revenue.
How many lodging properties does Expedia Group have available?
At the end of 2025, Expedia reported ~3.6 million lodging properties available, including ~2.4 million online bookable alternative accommodations through Vrbo and ~1.2 million hotels and other lodging through its other brands.
How many employees does Expedia Group have?
Expedia reported approximately 16,000 employees as of December 31, 2025, across nearly 50 countries.
