EXPE
Market read
The latest filing evidence is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Invalidation: The isolated read changes if EXPE's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 8 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Interest expense increased for the three months ended June 30, 2026, compared to the same period in 2025, as a result of higher average senior notes outstanding in the current year period.”10-Q · Aug 6, 2026 ↗
“Gross bookings generally represent the total retail value of transactions booked for agency and merchant transactions, recorded at the time of booking reflecting the total price due for travel by travelers, including taxes, fees and other charges, and are red…”10-Q · Aug 6, 2026 ↗
“Foreign exchange rate changes resulted in a decrease of our cash and restricted cash balances denominated in foreign currency during the six months ended June 30, 2026 of $36 million reflecting a net depreciation in foreign currencies relative to the U.S.”10-Q · Aug 6, 2026 ↗
“For the three months ended September 30, 2025, we recorded a decrease to our consolidated deferred tax assets, reflecting our election to accelerate the deduction of capitalized domestic research and development costs.”10-Q · Nov 7, 2025 ↗
Valuation discipline
Price/sales 2.5× · EV/sales 2.4×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for EXPE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-06 against the comparable filing from 2025-08-08.
Capital and cash conversion
Capital-spending intensity declined while free-cash-flow margin improved.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“The change was primarily due to net purchase of investments in the current year compared to net sales and maturities of investments in the prior year, uses of cash for the settlement of currency forward contract losses in the current year compared to sources of cash for gains in the prior year as well as cash used for acquisitions in the current year.”
“In addition to the above segment and product revenue discussion, our revenue by business model is as follows: Three months ended June 30, Six months ended June 30, 2026 2025 % Change 2026 2025 % Change ($ in millions) ($ in millions) Revenue by Business Model Merchant $ 3,065 $ 2,624 17 % $ 5,466 $ 4,670 17 % Agency 872 852 2 % 1,547 1,504 3 % Advertising, media and other 378 310 22 % 728 600 21 % Total revenue $ 4,315 $ 3,786 14 % $ 7,741 $ 6,774 14 % The increase in merchant revenue for the three and six months ended June 30, 2026, compared to the same periods in 2025, was primarily due to an increase in merchant lodging revenue.”
“, 2026 2025 % Change 2026 2025 % Change ($ in millions) ($ in millions) Operating income $ 800 $ 485 65 % $ 1,051 $ 415 153 % % of revenue 18.6 % 12.8 % 13.6 % 6.1 % During the three and six months ended June 30, 2026, the increase in operating income in the current year periods was primarily due to a growth in revenue in excess of operating costs.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Other competitors have arisen, including alternative accommodation property managers, who operate their own booking sites in addition to listing on Airbnb, Vrbo, and Booking.com.”
“Competitive entrants such as “metasearch” companies, including Kayak.com (owned by Booking Holdings), trivago (in which Expedia Group owns a majority interest) as well as TripAdvisor, introduced differentiated features, pricing and content compared with the l…”
Depended on by
“While our priority is to migrate an increasing portion of our customers to our modern, direct distribution channels in lieu of third party channels, we continue to rely on third-party distribution channels, including those provided by or through global distri…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
EXPE is currently a Early Follower in the organic co-movement group Enterprise Tech Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EXPE; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.