PerpEquities

Equity

Expedia Group, Inc. (EXPE) perpetual futures

EXPE perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade EXPEUSDT.

Expedia Group is an online travel company operating retail brands such as Brand Expedia, Hotels.com and Vrbo, plus B2B services and the Trivago metasearch site.

$259.56-7.1%NASDAQ closed
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venue perp mark · MEXC (EXPE/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$91.6K
Open interest
$278.4K
Best liquidity
$45K
MEXC
Tightest spread
+30.1 bps
MEXC
Highest volume
$91.6K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $1.3B
OI / float
0.00%
Float $29.5B
Spot performance
1D-7.72%
5D-8.93%
1M-19.46%
6M+9.46%
YTD-8.57%
1Y+17.10%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeEXPE/USDTTrading$259.56-14.7% APR
-0.013% every 8h
+30.1 bps$45K$91.6K$278.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +48.9 bps

Cheapest execution: MEXC · +48.9 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

EXPE

Tightest spread

EXPE

Highest volume

EXPE

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$29.7B
Updated 2h ago
Revenue
$15.7B
Trailing 12 months
Revenue growth
+10%
Next fiscal year
Profit margin
+13.0%
P/E
15.6
Peer P/E 10.8
Free cash flow
$5B
Trailing 12 months
More metrics
Net income
$2B
Trailing 12 months
P/S
1.9
Peer P/E
10.8
Similar listed perps
Revenue estimate
$16.2B
Next fiscal year
Earnings
2026-11-05
Revenue est. $4.7B · Updated 2h ago
Dividend
$0.48
2026-08-27

Fundamental detail

Annual + quarterly
Latest revenue$14.7B
Net margin+8.8%
Free cash flow$3.1B
Net debt-$307M
2020$5.2B
2021$8.6B
2022$11.7B
2023$12.8B
2024$13.7B
2025$14.7B
PeriodRevenueGrowthNet incomeFCF
2020$5.2B-57%-$2.6B-$4.6B
2021$8.6B+65%$12M$3.1B
2022$11.7B+36%$352M$2.8B
2023$12.8B+10%$797M$1.8B
2024$13.7B+7%$1.2B$2.3B
2025$14.7B+8%$1.3B$3.1B
PeriodGross marginOperating marginNet marginROEROA
2020+67.7%-29.4%-50.2%-103.2%-14.0%
2021+82.3%+2.2%+0.1%+0.6%+0.1%
2022+85.8%+9.3%+3.0%+15.4%+1.6%
2023+87.7%+8.0%+6.2%+52.0%+3.7%
2024+89.5%+9.6%+9.0%+79.3%+5.5%
2025+90.1%+14.7%+8.8%+100.8%+5.3%
PeriodCashDebtNet debtCurrent ratio
2020$3.4B$8.7B$5.4B1.04
2021$4.1B$8.8B$4.7B0.87
2022$4.1B$6.6B$2.5B0.82
2023$4.2B$6.6B$2.3B0.78
2024$4.2B$6.5B$2.3B0.72
2025$7B$6.7B-$307M0.73
PeriodMarket capEnterprise valueP/SP/E
2020$18.7B$24.1B3.6-7.0
2021$27.1B$31.8B3.1-100.4
2022$13.7B$16.2B1.238.9
2023$22B$24.3B1.727.6
2024$24.5B$26.8B1.819.8
2025$35.5B$35.2B2.427.5
Q3 2024$4.1B
Q4 2024$3.2B
Q1 2025$3B
Q2 2025$3.8B
Q3 2025$4.4B
Q4 2025$3.5B
Q1 2026$3.4B
Q2 2026$4.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$4.1B+3%$684M-$1.1B
Q4 2024$3.2B+10%$299M$7M
Q1 2025$3B+3%-$200M$2.8B
Q2 2025$3.8B+6%$330M$921M
Q3 2025$4.4B+9%$959M-$101M
Q4 2025$3.5B+11%$205M$119M
Q1 2026$3.4B+15%-$6M$3.7B
Q2 2026$4.3B+14%$878M$1.3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+90.4%+18.8%+16.8%+51.7%+2.9%
Q4 2024+89.5%+6.8%+9.4%+19.2%+1.3%
Q1 2025+88.1%-1.5%-6.7%-18.7%-0.8%
Q2 2025+90.0%+14.0%+8.7%+39.5%+1.2%
Q3 2025+91.5%+25.6%+21.7%+71.7%+3.8%
Q4 2025+90.2%+15.4%+5.8%+16.0%+0.8%
Q1 2026+89.0%+7.1%-0.2%-1.0%0.0%
Q2 2026+90.7%+23.9%+20.3%+72.6%+3.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$4.7B$6.6B$1.8B0.73
Q4 2024$4.2B$6.5B$2.3B0.72
Q1 2025$5.7B$6.5B$752M0.73
Q2 2025$6.3B$6.5B$178M0.75
Q3 2025$7.3B$6.5B-$784M0.74
Q4 2025$7B$6.7B-$307M0.73
Q1 2026$7.8B$4.7B-$3.1B0.73
Q2 2026$6.7B$5.7B-$997M0.80
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$19.2B$21B4.77.0
Q4 2024$24.5B$26.8B7.720.0
Q1 2025$21.6B$22.4B7.2-26.9
Q2 2025$21.3B$21.5B5.616.2
Q3 2025$26.4B$25.7B6.06.9
Q4 2025$34.8B$34.5B9.842.4
Q1 2026$28.1B$25B8.2-1,173.2
Q2 2026$31B$30B7.28.8

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.3BQ2 2026
$1.1B$2.2B$3.3B$4.4BQ3 2023: $3.9BQ4 2023: $2.9BQ1 2024: $2.9BQ2 2024: $3.6BQ3 2024: $4.1BQ4 2024: $3.2BQ1 2025: $3BQ2 2025: $3.8BQ3 2025: $4.4BQ4 2025: $3.5BQ1 2026: $3.4BQ2 2026: $4.3BQ3 2023Q2 2026
Net income$878MQ2 2026
$89.8M$379.5M$669.3M$959MQ3 2023: $425MQ4 2023: $132MQ1 2024: -$135MQ2 2024: $386MQ3 2024: $684MQ4 2024: $299MQ1 2025: -$200MQ2 2025: $330MQ3 2025: $959MQ4 2025: $205MQ1 2026: -$6MQ2 2026: $878MQ3 2023Q2 2026
EBITDA$1.5BQ2 2026
$386.8M$773.5M$1.2B$1.5BQ3 2023: $714MQ4 2023: $440MQ1 2024: $117MQ2 2024: $754MQ3 2024: $1.1BQ4 2024: $609MQ1 2025: $60MQ2 2025: $704MQ3 2025: $1.4BQ4 2025: $595MQ1 2026: $364MQ2 2026: $1.5BQ3 2023Q2 2026
Free cash flow$1.3BQ2 2026
-$254.3M$1.1B$2.4B$3.7BQ3 2023: -$1.6BQ4 2023: -$415MQ1 2024: $2.7BQ2 2024: $1.3BQ3 2024: -$1.1BQ4 2024: $7MQ1 2025: $2.8BQ2 2025: $921MQ3 2025: -$101MQ4 2025: $119MQ1 2026: $3.7BQ2 2026: $1.3BQ3 2023Q2 2026
EPS$7.16Q2 2026
$0.66$2.89$5.11$7.33Q3 2023: $2.88Q4 2023: $0.91Q1 2024: -$1Q2 2024: $2.8Q3 2024: $5.04Q4 2024: $2.2Q1 2025: -$1.56Q2 2025: $2.48Q3 2025: $7.33Q4 2025: $1.6Q1 2026: -$0.05Q2 2026: $7.16Q3 2023Q2 2026
Cash / Debt$6.7BQ2 2026
$1.9B$3.9B$5.8B$7.8BQ3 2023 · Cash: $5.1BQ3 2023 · Debt: $6.5BQ4 2023 · Cash: $4.2BQ4 2023 · Debt: $6.6BQ1 2024 · Cash: $5.7BQ1 2024 · Debt: $6.6BQ2 2024 · Cash: $6.2BQ2 2024 · Debt: $6.6BQ3 2024 · Cash: $4.7BQ3 2024 · Debt: $6.6BQ4 2024 · Cash: $4.2BQ4 2024 · Debt: $6.5BQ1 2025 · Cash: $5.7BQ1 2025 · Debt: $6.5BQ2 2025 · Cash: $6.3BQ2 2025 · Debt: $6.5BQ3 2025 · Cash: $7.3BQ3 2025 · Debt: $6.5BQ4 2025 · Cash: $7BQ4 2025 · Debt: $6.7BQ1 2026 · Cash: $7.8BQ1 2026 · Debt: $4.7BQ2 2026 · Cash: $6.7BQ2 2026 · Debt: $5.7BQ3 2023Q2 2026
CashDebt
Profitability+90.7%Q2 2026
+17.8%+42.4%+66.9%+91.5%Q3 2023 · Gross margin: +89.5%Q4 2023 · Gross margin: +88.2%Q1 2024 · Gross margin: +87.6%Q2 2024 · Gross margin: +89.8%Q3 2024 · Gross margin: +90.4%Q4 2024 · Gross margin: +89.5%Q1 2025 · Gross margin: +88.1%Q2 2025 · Gross margin: +90.0%Q3 2025 · Gross margin: +91.5%Q4 2025 · Gross margin: +90.2%Q1 2026 · Gross margin: +89.0%Q2 2026 · Gross margin: +90.7%Q3 2023 · Operating margin: +15.4%Q4 2023 · Operating margin: +3.6%Q1 2024 · Operating margin: -3.8%Q2 2024 · Operating margin: +12.7%Q3 2024 · Operating margin: +18.8%Q4 2024 · Operating margin: +6.8%Q1 2025 · Operating margin: -1.5%Q2 2025 · Operating margin: +14.0%Q3 2025 · Operating margin: +25.6%Q4 2025 · Operating margin: +15.4%Q1 2026 · Operating margin: +7.1%Q2 2026 · Operating margin: +23.9%Q3 2023 · Net margin: +10.8%Q4 2023 · Net margin: +4.6%Q1 2024 · Net margin: -4.7%Q2 2024 · Net margin: +10.8%Q3 2024 · Net margin: +16.8%Q4 2024 · Net margin: +9.4%Q1 2025 · Net margin: -6.7%Q2 2025 · Net margin: +8.7%Q3 2025 · Net margin: +21.7%Q4 2025 · Net margin: +5.8%Q1 2026 · Net margin: -0.2%Q2 2026 · Net margin: +20.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+14.0%Q2 2026
+3.7%+7.3%+11.0%+14.7%Q3 2024: +3.3%Q4 2024: +10.3%Q1 2025: +3.4%Q2 2025: +6.4%Q3 2025: +8.7%Q4 2025: +11.4%Q1 2026: +14.7%Q2 2026: +14.0%Q3 2023Q2 2026
Shares outstanding123.8MQ2 2026
36.9M73.9M110.8M147.7MQ3 2023: 147.7MQ4 2023: 144.5MQ1 2024: 135.5MQ2 2024: 137.8MQ3 2024: 135.7MQ4 2024: 137.9MQ1 2025: 128.6MQ2 2025: 132.8MQ3 2025: 131MQ4 2025: 128.2MQ1 2026: 121.8MQ2 2026: 123.8MQ3 2023Q2 2026
Valuation8.8Q2 2026
-869.3-565.4-261.542.4Q3 2023 · P/E: 8.6Q4 2023 · P/E: 39.5Q1 2024 · P/E: -33.3Q2 2024 · P/E: 10.5Q3 2024 · P/E: 7.0Q4 2024 · P/E: 20.0Q1 2025 · P/E: -26.9Q2 2025 · P/E: 16.2Q3 2025 · P/E: 6.9Q4 2025 · P/E: 42.4Q1 2026 · P/E: -1,173.2Q2 2026 · P/E: 8.8Q3 2023 · P/S: 3.7Q4 2023 · P/S: 7.3Q1 2024 · P/S: 6.2Q2 2024 · P/S: 4.5Q3 2024 · P/S: 4.7Q4 2024 · P/S: 7.7Q1 2025 · P/S: 7.2Q2 2025 · P/S: 5.6Q3 2025 · P/S: 6.0Q4 2025 · P/S: 9.8Q1 2026 · P/S: 8.2Q2 2026 · P/S: 7.2Q3 2023Q2 2026
P/EP/S
Revenue$14.7B2025
$3.7B$7.4B$11B$14.7B2018: $11.2B2019: $12.1B2020: $5.2B2021: $8.6B2022: $11.7B2023: $12.8B2024: $13.7B2025: $14.7B20182025
Net income$1.3B2025
-$1.6B-$659M$317.5M$1.3B2018: $406M2019: $565M2020: -$2.6B2021: $12M2022: $352M2023: $797M2024: $1.2B2025: $1.3B20182025
EBITDA$2.8B2025
-$729.3M$439.5M$1.6B$2.8B2018: $1.6B2019: $1.9B2020: -$1.9B2021: $1.1B2022: $1.6B2023: $2.1B2024: $2.6B2025: $2.8B20182025
Free cash flow$3.1B2025
-$2.7B-$760.5M$1.2B$3.1B2018: $1.1B2019: $1.6B2020: -$4.6B2021: $3.1B2022: $2.8B2023: $1.8B2024: $2.3B2025: $3.1B20182025
EPS$9.812025
-$11.8-$4.59$2.61$9.812018: $2.662019: $3.772020: -$192021: -$1.82022: $2.182023: $5.312024: $8.952025: $9.8120182025
Cash / Debt$7B2025
$2.2B$4.4B$6.6B$8.8B2018 · Cash: $2.4B2018 · Debt: $3.7B2019 · Cash: $3.3B2019 · Debt: $5.5B2020 · Cash: $3.4B2020 · Debt: $8.7B2021 · Cash: $4.1B2021 · Debt: $8.8B2022 · Cash: $4.1B2022 · Debt: $6.6B2023 · Cash: $4.2B2023 · Debt: $6.6B2024 · Cash: $4.2B2024 · Debt: $6.5B2025 · Cash: $7B2025 · Debt: $6.7B20182025
CashDebt
Profitability+90.1%2025
-15.2%+19.9%+55.0%+90.1%2018 · Gross margin: +82.5%2019 · Gross margin: +82.9%2020 · Gross margin: +67.7%2021 · Gross margin: +82.3%2022 · Gross margin: +85.8%2023 · Gross margin: +87.7%2024 · Gross margin: +89.5%2025 · Gross margin: +90.1%2018 · Operating margin: +6.4%2019 · Operating margin: +7.5%2020 · Operating margin: -29.4%2021 · Operating margin: +2.2%2022 · Operating margin: +9.3%2023 · Operating margin: +8.0%2024 · Operating margin: +9.6%2025 · Operating margin: +14.7%2018 · Net margin: +3.6%2019 · Net margin: +4.7%2020 · Net margin: -50.2%2021 · Net margin: +0.1%2022 · Net margin: +3.0%2023 · Net margin: +6.2%2024 · Net margin: +9.0%2025 · Net margin: +8.8%20182025
Gross marginOperating marginNet margin
Revenue growth+7.6%2025
-26.3%+4.2%+34.8%+65.4%2019: +7.5%2020: -56.9%2021: +65.4%2022: +35.7%2023: +10.0%2024: +6.6%2025: +7.6%20182025
Shares outstanding131.9M2025
40.4M80.9M121.3M161.8M2018: 152.9M2019: 149.9M2020: 141.4M2021: 149.7M2022: 161.8M2023: 150.2M2024: 137.9M2025: 131.9M20182025
Valuation27.52025
-64.9-29.46.141.62018 · P/E: 41.62019 · P/E: 28.22020 · P/E: -7.02021 · P/E: -100.42022 · P/E: 38.92023 · P/E: 27.62024 · P/E: 19.82025 · P/E: 27.52018 · P/S: 1.52019 · P/S: 1.32020 · P/S: 3.62021 · P/S: 3.12022 · P/S: 1.22023 · P/S: 1.72024 · P/S: 1.82025 · P/S: 2.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $4.7B · Updated 2h ago
Dividend
$0.48
2026-08-27

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202620.87$16.2B+10%20
FY 202724.47$17.4B+18%22
FY 202828.01$18.7B+27%16
FY 202930.33$19.9B+35%13
FY 203032.96$20.8B+41%13
Q1 20272.48$3.6B+6%8

Company events

6
2026-11-05EarningsActual - / Estimate 8.76-
2026-08-27Dividend$0.48-
2026-08-05EarningsActual 5.76 / Estimate 5.22Beat
2026-05-28Dividend$0.48-
2026-05-07EarningsActual 1.96 / Estimate 1.41Beat
2026-03-05Dividend$0.48-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering EXPE have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings187513
Analysts3643
Buy / hold / sell68 / 117 / 2196 / 312 / 5
Upgrades / downgrades / initiations3 / 2 / 58 / 9 / 10
Price targets hit / missed56 / 115 (33%)356 / 118 (75%)
Avg. return after a rating (TipRanks)-8.2%+33.5%
Best / worst call+27.2% / -39.4%+186.6% / -39.4%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 22, 2026Richard ClarkeBernsteinHoldMaintained$310
Sep 16, 2026Matthew CostMorgan StanleySellDowngraded$235
Sep 16, 2026Brian NowakMorgan StanleySellDowngraded$235
Sep 15, 2026Richard ClarkeBernsteinHoldMaintained$310
Sep 14, 2026Justin PostBank of America SecuritiesBuyMaintained$358

TipRanks data via FMP · computed Sep 23, 2026 · 187 ratings

Frequently asked questions

Where can I trade EXPE perpetual futures?

Expedia Group, Inc. (EXPE) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade EXPE around the clock?

Yes. Unlike the underlying stock, EXPE perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on EXPE perpetuals?

Right now the EXPE perp funding rate is -14.7% annualized (venue median), ranging from -14.7% to -14.7% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the EXPE perp price compare to the Expedia Group, Inc. stock?

The venue-median EXPE perp mark is $259.6 versus a reference stock price of $259.6, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a EXPE perpetual future?

A EXPE perpetual is a derivative that tracks the price of Expedia Group, Inc. with no expiry date. It lets you take long or short exposure to Expedia Group, Inc. on crypto venues, around the clock.

What is EXPEUSDT perpetual?

EXPEUSDT is the symbol most crypto exchanges use for the Expedia Group, Inc. perpetual settled in USDT (Tether). It tracks the EXPE share price through an index, trades 24/7 with leverage and never expires.

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