Expedia Group Inc. R

E3X1.DE

Travel Services · Consumer Cyclical

Price

€286.00

+2.25 (+0.79%)

Market Cap

€34.33B

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Strong

Cash Flow

Exceptional

Stability

Mixed

Valuation

Strong

Dividends

Good

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Share count falling — buybacks

−11.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 149.7M (2021) → 131.9M (2025)

Winston Score History

The full picture

Expedia Group runs a collection of online travel websites that help people book flights, hotels, rental cars, and vacation packages. Its main brands include Expedia, Hotels.com, Vrbo, and Orbitz, and it serves everyday travelers as well as small businesses looking to manage travel costs. The company competes in the online travel agency industry alongside Booking Holdings and Google, which has expanded its own travel search tools.

Expedia makes most of its money by charging hotels and airlines a commission or fee each time a traveler books through one of its platforms. It operates globally but generates the majority of its revenue in North America, and its large portfolio of brands gives it broad reach across different types of travelers. The biggest risk the company faces is competition from direct booking channels, as airlines and hotel chains increasingly push customers to book on their own websites to avoid paying third-party fees.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+179.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$1.3B/ year

→ Flat (-3% vs prior year)

8.7% of revenue

2.2x the sector average (4%)

Steady R&D investment year-over-year

Insider Activity

5.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$9.5B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Expedia Group Inc. R is a rare growth stock that's already generating positive cash flow while growing at 14%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

85.4%

Premium pricing power — 85.4% gross margin

Profit after running costs

Operating Margin

18.8%

Healthy — 18.8% operating margin

Return on the money invested

ROCE

38.1%

Exceptional — 38.1% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+12.0%

Fast-growing sales (+12.0% YoY)

Profit growth

EPS YoY

+92.0%

Earnings growing fast (+92.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

256%

Turns 256% of profit into real cash

Spare cash per sale

FCF Margin

27.1%

Converts sales into free cash efficiently (27.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

4.52

Heavy debt load (4.52)

Covers its interest

Interest Cover

7.16x

Adequate interest coverage (7.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

17.1x

Fair value — P/E 17.1

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+5.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (17.1 → 12.0)

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Dividends

Dividend

Dividend Yield

0.55%

Small dividend — 0.55% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+13.0%

Dividend growing fast (13.0% YoY)

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