Expedia Group
Online travel · United States
Expedia Group runs an online travel marketplace of consumer brands such as Expedia, Hotels.com and Vrbo and sells its travel supply and technology to business partners, earning a share of each booking.
What makes it different
Most of its listings are vacation homes, not hotels.
2.4MVacation rentals on VrboFY2025 (Dec 31, 2025)
About 2.4 million of its 3.6 million lodging properties are Vrbo vacation rentals, which widens what it can sell.
How big it is
How big is Expedia Group?
$14.7BRevenueFY2025
$119.6BGross bookingsFY2025
16,000EmployeesFY2025
How it makes money FY2025
Mostly merchant bookings, plus agency and ads.
- Merchant$10.3B
- Agency$3.2B
- Advertising, media and other$1.3B
How the business works
Stock travel supply. Sell through every door.
- 1Hotels, homes, flights
- 2Own brands and partners
- 3Cut of each booking
Partners reselling its supply add bookings without more consumer marketing.
Who owns it
- The Vanguard Group13.3%
- BlackRock, Inc.8.7%
- Barry Diller (with family foundation)4.7%
CEO: Ariane Gorin
Who it competes with
Key moments
- 1996Expedia.com launches inside Microsoft
- 1999Goes public
- 2005Spun off from IAC as Expedia, Inc.
- 2015Completes acquisition of Orbitz
- 2015Acquires HomeAway, home of Vrbo
Sources
Every number on this page comes from Expedia Group's own reports.
Full profile
The rest of the story is in the app.
What Expedia Group tracks20 metrics
Booked room nights
Gross bookings
Lodging properties available
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from2 regions
United States
All other countries
The full timeline17 moments
2020
2025
2026
Expedia Group vs Booking Holdingsside by side
Revenue
Profit
People
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