Expedia Group Inc. (EXPE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,727,000 | 2,653,000 | 1,743,000 | -1,205,000 | 9,719,000 |
| Revenue | US$ in thousands | 12,534,000 | 11,327,000 | 8,359,000 | 4,977,000 | 11,882,000 |
| Gross profit margin | 29.74% | 23.42% | 20.85% | -24.21% | 81.80% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,727,000K ÷ $12,534,000K
= 29.74%
Expedia Group Inc's gross profit margin has shown a fluctuating trend over the past five years. The margin increased from 82.08% in 2019 to 87.75% in 2023, indicating an improvement in the company's ability to generate profit from its core operations. However, there was a noticeable drop in 2020 to 67.69%, possibly due to the impact of external factors such as the COVID-19 pandemic on the travel industry. Subsequently, the margin rebounded in 2021 to 82.30% and continued to increase in 2022 and 2023.
The overall trend suggests that Expedia Group Inc has been able to strengthen its gross profit margin over the years, reflecting improved efficiency in managing its cost of goods sold and pricing strategies. This financial metric is crucial for evaluating the company's operational performance and competitiveness within the industry.
Peer comparison
Dec 31, 2023