Expedia Group, Inc. (EXPE)财务
NASDAQ · Consumer Cyclical · Travel Services · 员工16,000人 · CEO Ariane Gorin
- 股价
- $285.93 +1.13%
- 市值
- $327亿
- 企业价值
- $317亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-04 EPS预期 $8.85
营收(TTM)$157亿+12.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)18.8%+8.3 百分点 对比去年同期营业利润 $29.5亿
净利润(TTM)$20.4亿+82.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$50.4亿+96.9% 对比去年同期资本支出 $1.72亿
稀释EPS(TTM)$16.04+96.6% 对比去年同期最近4个季度之和
净现金$14.4亿+663.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $327亿 EV $317亿
- 营收
- $157亿 过去12个月
- 营收增速
- +10% FY2026年一致预期
- 净利润率
- 13.0% 净利润 / 营收,TTM
- P/E
- 17.1× 预期 13.6×(FY2026)
- P/S
- 2.1× 股价 / 营收,TTM
- EV / EBITDA
- 8.1× TTM
- 自由现金流
- $50.4亿 过去12个月
- 净利润
- $20.4亿 过去12个月
- 营收预期
- $162亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $47.3亿
- 股息
- $1.84 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收超预期3.4%,EPS 超预期10.3%营收$43.2亿,预期$41.7亿(+3.4%);EPS $5.76,预期$5.22(+10.3%)。
- 营收增长加速:同比14.0%Q2 '26营收$43.2亿,此前四个季度的平均值为10.3%。
- 营业利润率18.8%(TTM),较去年同期+8.3 百分点营收增长12.0%,营业利润增长101.4%。
- 税前利润的10.6%被营业外亏损吞噬税前利润$26.7亿,营业利润$29.5亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的1.1%(去年为1.5%)最近4个季度投入$1.72亿(同比-20.4%)。自由现金流$50.4亿,相当于净利润的247.7%。
- 股东回报$19.3亿 = 自由现金流的38.3%回购$19.2亿(去年为$17.4亿),股息$1400万,股权激励$3.07亿(TTM)。
- 稀释股数一年内减少6.8%Q2 '26稀释股数1.24亿,一年前为1.33亿。
- 净现金 $14.4亿现金 + 短期投资 $71.3亿,含租赁债务 $56.9亿;一年前净现金 $1.89亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $43.2亿 | $37.9亿 | +14.0% |
| 毛利率 | 90.7% | 90.0% | +0.6 百分点 |
| 营业利润 | $10.3亿 | $5.31亿 | +94.2% |
| 营业利润率 | 23.9% | 14.0% | +9.9 百分点 |
| 净利润 | $8.78亿 | $3.3亿 | +166.1% |
| 稀释EPS | $7.16 | $2.48 | +188.7% |
| 经营现金流 | $14.8亿 | $11.2亿 | +31.8% |
| 资本支出 | $1.99亿 | $2亿 | -0.5% |
| 自由现金流 | $12.8亿 | $9.21亿 | +38.9% |
| R&D | $3.25亿 | $3.25亿 | 0.0% |
| 股权激励费用 | $2.17亿 | $1.05亿 | +106.7% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $43.2亿 | $41.7亿 | +3.4% |
| EPS(一致预期口径) | $5.76 | $5.22 | +10.3% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Lodging | – | – | – | – | – | |
| B2C | $26.8亿 | – | 62.0% | – | – | |
| B2B | $14.9亿 | – | 34.6% | – | – | |
| trivago | $1.45亿 | – | 3.4% | – | – | |
| Air | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| B2 C | $26.8亿 | +8.0% | – | – | – | 22.9% | – |
| Business To Business | – | – | – | – | – | 21.2% | – |
| Trivago | $1.45亿 | +48.0% | – | – | – | -7.1% | – |
| Corporate And Eliminations | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $52.2亿
- 资本支出
- -$1.72亿
- 股票回购
- -$19.2亿
- 股息
- -$1400万
- 收购
- -$4亿
- 债务净发行
- -$8.42亿
- 股权激励费用
- $3.07亿
- 自由现金流
- $50.4亿
- 股东回报 / FCF
- 38.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.1× | 28.5× 5年中的4年 | 19.8× – 38.9× |
| EV / EBITDA | 8.1× | 15.1× | 10.1× – 28.2× |
| EV / 营收 | 2.0× | 2.3× | 1.4× – 3.7× |
| 股价 / FCF | 6.5× | 9.5× | 4.9× – 11.9× |
| 股价 / 净资产 | 28.6× | 15.4× | 6.0× – 27.7× |
| FCF收益率 | 15.4% | 11.7% | 8.4% – 20.2% |
| 投入资本回报率 | 25.9% | 7.9% | -0.6% – 16.1% |
| 净资产收益率 | 184.8% | 49.6% | 0.6% – 100.8% |
分析师
一致目标价 $336.24 (+17.6%)
区间 $235.00 – $430.00 · 评级 Hold
强烈买入0
买入36
持有38
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $162亿 | +10.1% | $21.05 | +114.6% | 13.6× | 20 |
| FY2027 | $174亿 | +7.0% | $24.73 | +17.4% | 11.6× | 22 |
| FY2028 | $186亿 | +7.1% | $28.43 | +15.0% | 10.1× | 19 |
| FY2029 | $199亿 | +7.2% | $31.13 | +9.5% | 9.2× | 8 |
| FY2030 | $208亿 | +4.5% | $33.99 | +9.2% | 8.4× | 14 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Expedia Group, Inc.在近期10-Q / 10-K文件中标记的全部237项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Other, Current | $13.3亿 | $12亿 | +10.9% | $11亿 | $10.4亿 | +6.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $57.8亿 | $49.5亿 | +16.8% | $41.7亿 | $32.1亿 | +29.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $9500万 | $7500万 | +26.7% | $7400万 | $5500万 | +34.5% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $600万 | $400万 | +50.0% | – | – | – |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1700万 | $2100万 | -19.0% | $8200万2020-12-31 | – | – |
| Accrued Income Taxes, Current | $5500万 | $1600万 | +243.8% | $5600万 | $5100万 | +9.8% |
| Accrued Liabilities, Current | $9.05亿 | $9.23亿 | -2.0% | $10.3亿 | $7.66亿 | +34.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $30.7亿2025-12-31 | $28.1亿 | +9.1% | $30.7亿 | $28.1亿 | +9.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$1.87亿 | -$1.87亿 | 0.0% | -$1.91亿 | -$2.32亿 | +17.7% |
| Additional Paid in Capital, Common Stock | $168亿 | $163亿 | +2.9% | $166亿 | $160亿 | +3.3% |
| Advertising Expense | – | – | – | $39亿 | $40亿 | -2.5% |
| Amortization of Intangible Assets | $1100万 | $1100万 | 0.0% | $4000万 | $5700万 | -29.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.42亿 | $1.32亿 | +7.6% | $4.88亿 | $5.31亿 | -8.1% |
| Assets | $291亿 | $270亿 | +7.7% | $245亿 | $224亿 | +9.2% |
| Assets, Current | $163亿 | $147亿 | +10.6% | $122亿 | $98.2亿 | +24.3% |
| Assets, Fair Value Disclosure | $21.5亿 | – | – | $15.6亿 | $17亿 | -8.0% |
| Capitalized Computer Software, Amortization | – | – | – | $7.49亿 | $6.71亿 | +11.6% |
| Capitalized Computer Software, Net | $13亿2025-12-31 | $11亿 | +18.2% | $13亿 | $11亿 | +18.2% |
| Cash and Cash Equivalents, at Carrying Value | $66.8亿 | $63亿 | +6.0% | $54.1亿 | $41.8亿 | +29.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $90.8亿 | $84.6亿 | +7.4% | $69.8亿 | $55.7亿 | +25.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $13亿 | $7.21亿 | +79.6% | $14亿 | -$8700万 | +1,711.5% |
| Common Stock, Dividends, Per Share, Declared | $0.48 | $0.40 | +20.0% | $1.60 | – | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 16亿 | 16亿 | 0.0% | 16亿 | 16亿 | 0.0% |
| Common Stock, Shares, Issued | 2.94亿 | 2.89亿 | +1.5% | 2.91亿 | 2.88亿 | +1.4% |
| Common Stock, Shares, Outstanding | 1.14亿 | 1.19亿 | -3.8% | 1.17亿 | 1.23亿 | -5.1% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$400万 | -$100万 | -300.0% | $1700万 | -$1500万 | +213.3% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8.75亿 | $3.62亿 | +141.7% | $13.5亿 | $12亿 | +13.0% |
| Construction in Progress Expenditures Incurred but Not yet Paid | – | – | – | $800万 | $200万 | +300.0% |
| Construction in Progress, Gross | $8300万2025-12-31 | $1.96亿 | -57.7% | $8300万 | $1.96亿 | -57.7% |
| Contract with Customer, Liability, Current | $1.75亿 | $1.67亿 | +4.8% | $1.63亿 | $1.64亿 | -0.6% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $4.03亿 | $3.77亿 | +6.9% | $14.6亿 | $14.4亿 | +0.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $700万 | $6800万 | -89.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.77亿 | $1.46亿 | +21.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.12亿 | $2.44亿 | -13.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2800万 | $3000万 | -6.7% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $7800万 | $7700万 | +1.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1000万 | -$2100万 | +52.4% |
| Deferred Income Tax Assets, Net | $3.46亿 | $4.96亿 | -30.2% | $4.32亿 | $4.96亿 | -12.9% |
| Deferred Income Tax Expense (Benefit) | $8200万 | $4700万 | +74.5% | $7800万 | $7400万 | +5.4% |
| Deferred Income Tax Liabilities, Net | $1900万 | $2100万 | -9.5% | $2000万 | $1900万 | +5.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1000万 | $1800万 | -44.4% |
| Deferred Tax Assets, Gross | $10.8亿2025-12-31 | $11亿 | -1.8% | $10.8亿 | $11亿 | -1.8% |
| Deferred Tax Assets, in Process Research and Development | $2.07亿2025-12-31 | $3.91亿 | -47.1% | $2.07亿 | $3.91亿 | -47.1% |
| Deferred Tax Assets, Investments | $1.19亿2025-12-31 | $1.08亿 | +10.2% | $1.19亿 | $1.08亿 | +10.2% |
| Deferred Tax Assets, Net | $4.12亿2025-12-31 | $4.77亿 | -13.6% | $4.12亿 | $4.77亿 | -13.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $8.69亿2025-12-31 | $9.19亿 | -5.4% | $8.69亿 | $9.19亿 | -5.4% |
| Deferred Tax Assets, Other | $1.33亿2025-12-31 | $8400万 | +58.3% | $1.33亿 | $8400万 | +58.3% |
| Deferred Tax Assets, Tax Credit Carryforwards | $1.35亿2025-12-31 | $1.03亿 | +31.1% | $1.35亿 | $1.03亿 | +31.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $5400万2025-12-31 | $4700万 | +14.9% | $5400万 | $4700万 | +14.9% |
| Deferred Tax Assets, Valuation Allowance | $2.06亿2025-12-31 | $1.76亿 | +17.0% | $2.06亿 | $1.76亿 | +17.0% |
| Deferred Tax Liabilities, Goodwill and Intangible Assets | $3.15亿2025-12-31 | $3.08亿 | +2.3% | $3.15亿 | $3.08亿 | +2.3% |
| Deferred Tax Liabilities, Gross | $4.57亿2025-12-31 | $4.42亿 | +3.4% | $4.57亿 | $4.42亿 | +3.4% |
| Deferred Tax Liabilities, Other | $100万2025-12-31 | $200万 | -50.0% | $100万 | $200万 | -50.0% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $7100万 | $6900万 | +2.9% |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | – | – | – | 6.0% | 6.0% | 0.0% |
| Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | – | – | – | 50.0% | 50.0% | 0.0% |
| Depreciation | $2.17亿 | $2.12亿 | +2.4% | $8.47亿 | $7.81亿 | +8.5% |
| Depreciation, Depletion and Amortization | $2.28亿 | $2.23亿 | +2.2% | $8.87亿 | $8.38亿 | +5.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02