Expedia Group Inc. (EXPE)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	4,207,000	3,727,000	2,653,000	1,743,000	-1,205,000
Revenue	US$ in thousands	13,585,000	12,534,000	11,327,000	8,359,000	4,977,000
Gross profit margin		30.97%	29.74%	23.42%	20.85%	-24.21%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,207,000K ÷ $13,585,000K
= 30.97%

Based on the data provided, Expedia Group Inc.'s gross profit margin has demonstrated notable fluctuations over the years. The company's gross profit margin was in negative territory at -24.21% as of December 31, 2020, indicating that the cost of goods sold exceeded the revenue generated.

However, there has been a substantial improvement in the gross profit margin since then. By December 31, 2021, the margin had turned positive at 20.85%, indicating that the company was able to effectively manage its cost of goods sold and enhance profitability. This upward trend continued into December 31, 2022, where the gross profit margin further increased to 23.42%.

In the following years, Expedia Group Inc. continued to strengthen its gross profit margin significantly. By December 31, 2023, the margin reached 29.74%, demonstrating the company's ability to generate more revenue relative to its cost of goods sold. Further improvement was seen by December 31, 2024, with the gross profit margin reaching 30.97%.

Overall, Expedia Group Inc.'s gross profit margin has shown a positive trajectory, reflecting effective cost management strategies and improved operational efficiency over the years. This trend suggests that the company has been successful in enhancing profitability and generating more value from its revenue.