Expedia Group Inc. (EXPE)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,127,000 | 547,000 | -41,000 | -3,035,000 | 768,000 |
| Revenue | US$ in thousands | 12,534,000 | 11,327,000 | 8,359,000 | 4,977,000 | 11,882,000 |
| Pretax margin | 8.99% | 4.83% | -0.49% | -60.98% | 6.46% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,127,000K ÷ $12,534,000K
= 8.99%
The pretax margin of Expedia Group Inc has fluctuated over the past five years. In 2023, the pretax margin improved significantly to 7.93%, compared to 4.61% in 2022. This indicates that the company's ability to generate profits before taxes relative to its total revenues strengthened during the most recent fiscal year. However, it is essential to note that the pretax margin was negative in 2021 at -0.44% and extremely low at -60.61% in 2020, reflecting challenges and losses incurred during those years. The positive trend in 2023 suggests that Expedia Group Inc may have implemented strategic initiatives to enhance operational efficiency and profitability. Further analysis of the company's financial performance and future prospects would provide a more comprehensive understanding of its progress and potential sustainability of improved pretax margins.
Peer comparison
Dec 31, 2023