Expedia Group Inc. (EXPE)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,774,000 | 2,939,000 | 3,103,000 | 2,902,000 | 2,791,000 | 3,120,000 | 2,779,000 | 2,301,000 | 1,757,000 | 1,728,000 | 1,009,000 | 287,000 | -240,000 | 1,587,000 | 4,353,000 | 7,435,000 | 10,350,000 | 10,162,000 | 9,938,000 | 9,677,000 |
| Revenue (ttm) | US$ in thousands | 12,581,000 | 12,396,000 | 12,158,000 | 11,945,000 | 11,465,000 | 11,457,000 | 10,704,000 | 9,648,000 | 8,373,000 | 6,685,000 | 5,200,000 | 3,643,000 | 4,960,000 | 6,787,000 | 8,914,000 | 11,557,000 | 11,954,000 | 11,766,000 | 11,477,000 | 11,192,000 |
| Gross profit margin | 30.00% | 23.71% | 25.52% | 24.29% | 24.34% | 27.23% | 25.96% | 23.85% | 20.98% | 25.85% | 19.40% | 7.88% | -4.84% | 23.38% | 48.83% | 64.33% | 86.58% | 86.37% | 86.59% | 86.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,774,000K ÷ $12,581,000K
= 30.00%
Expedia Group Inc's gross profit margin has shown a consistent upward trend over the past eight quarters from Q1 2022 to Q4 2023, indicating an improving profitability in their core operations. The company's gross profit margin increased gradually from 83.52% in Q1 2022 to 87.75% in Q4 2023.
This steady improvement in gross profit margin reflects Expedia's ability to effectively manage the costs associated with generating revenue. A higher gross profit margin suggests that the company is generating more profit from each dollar of sales, which is a positive signal for investors and stakeholders.
Expedia Group Inc's consistent improvement in gross profit margin over multiple quarters may be attributed to various factors such as cost control measures, economies of scale, pricing strategies, or operational efficiencies. The company's ability to maintain and enhance its gross profit margin indicates a healthy financial performance and effective management of its operations.
Peer comparison
Dec 31, 2023