# Expedia Group, Inc.

Summary updated: 2026-10-02T10:23:33.631008Z
Canonical: https://finbar.com/research/companies/expedia-group

## Overview

Expedia Group, Inc. is a global travel marketplace operating in the travel and technology sector. It connects travelers with travel providers through consumer brands including Expedia, Hotels.com and Vrbo, and offers lodging, air travel, car rentals, cruises, activities and travel packages. Its businesses also provide travel technology and inventory to partners and advertising services through trivago. [1](https://app.finbar.com/go?id=P99305031)[2](https://app.finbar.com/go?id=P104467683)

The company’s stated mission is “to power global travel for everyone, everywhere.” Its marketplace serves travelers in more than 70 countries; as of December 31, 2025, it employed approximately 16,000 people across nearly 50 countries. [3](https://app.finbar.com/go?id=P28457185)[4](https://www.expediagroup.com/en-us/about-us/our-approach) Expedia Group reported FY2025 revenue of $14.733 billion. [5](https://app.finbar.com/go?id=T318258)
[1](https://app.finbar.com/go?id=P99305031)[2](https://app.finbar.com/go?id=P104467683)[3](https://app.finbar.com/go?id=P28457185)[4](https://www.expediagroup.com/en-us/about-us/our-approach)[5](https://app.finbar.com/go?id=T318258)[4](https://www.expediagroup.com/en-us/about-us/our-approach)

## Products & services

Expedia Group’s consumer products include Expedia, Hotels.com and Vrbo. Expedia offers booking for hotels, vacation rentals, flights, car rentals, vacation packages, cruises and activities, with options to combine trip components through Bundle & Save. Its app includes flight-price tracking, an AI-powered travel advisor, OneKeyCash and trip-management tools; Trip Planner supports saving and comparing stays and activities, organizing bookings and collaborative planning. [2](https://app.finbar.com/go?id=P104467683)[6](https://www.expedia.com/)[7](https://www.expedia.com/product/bundle-and-save/)[8](https://www.expedia.com/app)[9](https://www.expedia.com/why/trip-planning) Hotels.com provides hotel booking, including app-based member offers and itinerary access. Vrbo focuses on whole-home vacation rentals, including houses, cabins and apartments. [10](https://www.hotels.com/app)[11](https://www.vrbo.com/vacation-rentals)[12](https://www.vrbo.com/travel/whole-vacation-homes) One Key is a shared rewards program across Expedia, Hotels.com and Vrbo, with eligible bookings earning or redeeming OneKeyCash and membership tiers from Blue through Platinum. [13](https://partner.expediagroup.com/en-us/solutions/distribute-your-inventory/one-key-travel-rewards)

For business partners, Expedia Group provides travel technology, inventory, rates and availability to organizations such as airlines, travel agents, online retailers, corporate travel managers and financial institutions. Its Rapid API supports integration of lodging shopping, booking and post-booking functions. Trivago’s metasearch sites refer travelers to online travel companies and other travel providers, generating primarily advertising revenue. [2](https://app.finbar.com/go?id=P104467683)[14](https://partner.expediagroup.com/en-us/solutions/build-your-travel-experience/rapid-api)

In FY2025, reported third-party revenue was $9.474 billion for B2C, $4.842 billion for B2B and $417 million for trivago, respectively about 64.3%, 32.9% and 2.8% of the $14.733 billion total. Gross bookings were $119.590 billion: $83.867 billion B2C and $35.723 billion B2B. [15](https://app.finbar.com/go?id=T4238743)[16](https://app.finbar.com/go?id=T3805434) The company reported lodging revenue growth of 7%, air revenue decline of 5%, Expedia Group advertising growth of 19% and trivago advertising growth of 33%; it does not report revenue split among Expedia, Hotels.com and Vrbo individually in these figures. [17](https://app.finbar.com/go?id=P60725465)[15](https://app.finbar.com/go?id=T4238743)
[2](https://app.finbar.com/go?id=P104467683)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[15](https://app.finbar.com/go?id=T4238743)[16](https://app.finbar.com/go?id=T3805434)[16](https://app.finbar.com/go?id=T3805434)[16](https://app.finbar.com/go?id=T3805434)[16](https://app.finbar.com/go?id=T3805434)[16](https://app.finbar.com/go?id=T3805434)[16](https://app.finbar.com/go?id=T3805434)[17](https://app.finbar.com/go?id=P60725465)[6](https://www.expedia.com/)[7](https://www.expedia.com/product/bundle-and-save/)[8](https://www.expedia.com/app)[9](https://www.expedia.com/why/trip-planning)[10](https://www.hotels.com/app)[11](https://www.vrbo.com/vacation-rentals)[12](https://www.vrbo.com/travel/whole-vacation-homes)[13](https://partner.expediagroup.com/en-us/solutions/distribute-your-inventory/one-key-travel-rewards)[14](https://partner.expediagroup.com/en-us/solutions/build-your-travel-experience/rapid-api)[6](https://www.expedia.com/)[7](https://www.expedia.com/product/bundle-and-save/)[8](https://www.expedia.com/app)[9](https://www.expedia.com/why/trip-planning)[10](https://www.hotels.com/app)[11](https://www.vrbo.com/vacation-rentals)[12](https://www.vrbo.com/travel/whole-vacation-homes)[13](https://partner.expediagroup.com/en-us/solutions/distribute-your-inventory/one-key-travel-rewards)[14](https://partner.expediagroup.com/en-us/solutions/build-your-travel-experience/rapid-api)

## Geographic presence

At December 31, 2025, Expedia Group had approximately 16,000 employees across nearly 50 countries; about half worked in technology roles. The company does not disclose employee distribution by country or region. [3](https://app.finbar.com/go?id=P28457185)

Expedia Group’s careers site lists offices in Austin, Bangalore, Chicago, Dallas, Gurgaon, London, Madrid, New York City, Prague, São Paulo, San Francisco, and Seattle; the company has also highlighted offices in Tokyo and Montréal. [18](https://careers.expediagroup.com/locations/)[19](https://careers.expediagroup.com/blog/10-fun-facts-about-our-expedia-group-offices/) Its filing identifies majority-owned trivago as based in Düsseldorf, Germany. [20](https://app.finbar.com/go?id=P89704964)

The 2025 annual report does not provide revenue by country or region; its reported segments are organized by business line rather than geography. [21](https://app.finbar.com/go?id=T11128355)
[3](https://app.finbar.com/go?id=P28457185)[20](https://app.finbar.com/go?id=P89704964)[21](https://app.finbar.com/go?id=T11128355)[18](https://careers.expediagroup.com/locations/)[19](https://careers.expediagroup.com/blog/10-fun-facts-about-our-expedia-group-offices/)

## Business segments

Expedia Group reports three business segments. **B2C** serves travelers through consumer brands including Expedia, Hotels.com and Vrbo, and includes advertising services; it generated $9.474 billion, approximately **64.3%** of 2025 consolidated revenue. **B2B** provides travel technology, supply and rates to partners such as airlines, travel agents, online retailers, corporate travel-management firms and financial institutions; it generated $4.842 billion, approximately **32.9%**. [22](https://app.finbar.com/go?id=P50487333)[21](https://app.finbar.com/go?id=T11128355)

**trivago** operates hotel metasearch websites that compare prices and refer travelers to online travel companies and other travel providers. It generated $417 million, approximately **2.8%** of consolidated revenue. Segment percentages are calculated from reported third-party revenue against 2025 consolidated revenue of $14.733 billion; figures are rounded. [22](https://app.finbar.com/go?id=P50487333)[21](https://app.finbar.com/go?id=T11128355)
[22](https://app.finbar.com/go?id=P50487333)[21](https://app.finbar.com/go?id=T11128355)[21](https://app.finbar.com/go?id=T11128355)[21](https://app.finbar.com/go?id=T11128355)[21](https://app.finbar.com/go?id=T11128355)

## Company history

Expedia began in October 1996 as an online travel service launched by Microsoft. It went public in 1999, while Microsoft remained its majority owner, and later became part of IAC before spinning off as an independent public company in 2005. [23](https://news.microsoft.com/source/1999/09/23/microsoft-corporation-announces-the-filing-of-registration-statement-for-initial-public-offering-of-expedia-inc/)[24](https://news.microsoft.com/source/1999/11/10/expedia-inc-announces-initial-public-offering/)[25](https://www.sec.gov/Archives/edgar/data/1324424/000119312516569280/d177249d10ka.htm)

The company expanded its portfolio through a series of acquisitions, including a controlling stake in trivago, Wotif, Travelocity, Orbitz and HomeAway between 2012 and 2015. In 2018, Expedia, Inc. changed its name to Expedia Group, Inc.; in 2020 it announced the retirement of the HomeAway U.S. brand in favor of Vrbo. Ariane Gorin became CEO in May 2024, succeeding Peter Kern. [26](https://www.sec.gov/Archives/edgar/data/1324424/000119312512511867/d455840dex991.htm)[27](https://www.expediagroup.com/en-us/about-us)[28](https://www.prnewswire.com/news-releases/expedia-completes-exchange-offer-to-homeaway-stockholders-and-acquires-homeaway-300193036.html)[29](https://www.sec.gov/Archives/edgar/data/1324424/000132442418000013/form8-kwatson.htm)[30](https://www.vrbo.com/media-center/press-releases/2020/expedia-group-retires-homeaway-u-s-brand-to-focus-on-vrbo-and-streamline-its)[31](https://www.expedia.com/newsroom/expedia-group-announces-ceo-transition-plan/)
[32](https://app.finbar.com/go?id=P1667411)[23](https://news.microsoft.com/source/1999/09/23/microsoft-corporation-announces-the-filing-of-registration-statement-for-initial-public-offering-of-expedia-inc/)[24](https://news.microsoft.com/source/1999/11/10/expedia-inc-announces-initial-public-offering/)[25](https://www.sec.gov/Archives/edgar/data/1324424/000119312516569280/d177249d10ka.htm)[26](https://www.sec.gov/Archives/edgar/data/1324424/000119312512511867/d455840dex991.htm)[27](https://www.expediagroup.com/en-us/about-us)[28](https://www.prnewswire.com/news-releases/expedia-completes-exchange-offer-to-homeaway-stockholders-and-acquires-homeaway-300193036.html)[29](https://www.sec.gov/Archives/edgar/data/1324424/000132442418000013/form8-kwatson.htm)[30](https://www.vrbo.com/media-center/press-releases/2020/expedia-group-retires-homeaway-u-s-brand-to-focus-on-vrbo-and-streamline-its)[31](https://www.expedia.com/newsroom/expedia-group-announces-ceo-transition-plan/)

## Sources

1. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99305031)
2. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P104467683)
3. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28457185)
4. [www.expediagroup.com](https://www.expediagroup.com/en-us/about-us/our-approach)
5. [Expedia Group, Inc. — Press release (2025 Y)](https://app.finbar.com/go?id=T318258)
6. [www.expedia.com](https://www.expedia.com/)
7. [www.expedia.com](https://www.expedia.com/product/bundle-and-save/)
8. [www.expedia.com](https://www.expedia.com/app)
9. [www.expedia.com](https://www.expedia.com/why/trip-planning)
10. [www.hotels.com](https://www.hotels.com/app)
11. [www.vrbo.com](https://www.vrbo.com/vacation-rentals)
12. [www.vrbo.com](https://www.vrbo.com/travel/whole-vacation-homes)
13. [partner.expediagroup.com](https://partner.expediagroup.com/en-us/solutions/distribute-your-inventory/one-key-travel-rewards)
14. [partner.expediagroup.com](https://partner.expediagroup.com/en-us/solutions/build-your-travel-experience/rapid-api)
15. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4238743)
16. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T3805434)
17. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P60725465)
18. [careers.expediagroup.com](https://careers.expediagroup.com/locations/)
19. [careers.expediagroup.com](https://careers.expediagroup.com/blog/10-fun-facts-about-our-expedia-group-offices/)
20. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P89704964)
21. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T11128355)
22. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50487333)
23. [news.microsoft.com](https://news.microsoft.com/source/1999/09/23/microsoft-corporation-announces-the-filing-of-registration-statement-for-initial-public-offering-of-expedia-inc/)
24. [news.microsoft.com](https://news.microsoft.com/source/1999/11/10/expedia-inc-announces-initial-public-offering/)
25. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1324424/000119312516569280/d177249d10ka.htm)
26. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1324424/000119312512511867/d455840dex991.htm)
27. [www.expediagroup.com](https://www.expediagroup.com/en-us/about-us)
28. [www.prnewswire.com](https://www.prnewswire.com/news-releases/expedia-completes-exchange-offer-to-homeaway-stockholders-and-acquires-homeaway-300193036.html)
29. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1324424/000132442418000013/form8-kwatson.htm)
30. [www.vrbo.com](https://www.vrbo.com/media-center/press-releases/2020/expedia-group-retires-homeaway-u-s-brand-to-focus-on-vrbo-and-streamline-its)
31. [www.expedia.com](https://www.expedia.com/newsroom/expedia-group-announces-ceo-transition-plan/)
32. [Expedia Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1667411)

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