Expedia Group Inc. (EXPE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,552,000 | 1,386,000 | 1,076,000 | 1,039,000 | 1,127,000 | 1,145,000 | 1,277,000 | 688,000 | 547,000 | 824,000 | 591,000 | 499,000 | -41,000 | -990,000 | -1,669,000 | -2,399,000 | -3,035,000 | -2,430,000 | -1,651,000 | -471,000 |
| Revenue (ttm) | US$ in thousands | 13,461,000 | 13,205,000 | 13,012,000 | 12,751,000 | 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 |
| Pretax margin | 11.53% | 10.50% | 8.27% | 8.15% | 8.96% | 9.24% | 10.50% | 5.76% | 4.77% | 7.19% | 5.52% | 5.17% | -0.49% | -14.81% | -32.10% | -65.85% | -61.19% | -35.80% | -18.52% | -4.08% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,552,000K ÷ $13,461,000K
= 11.53%
Expedia Group Inc.'s pretax margin has shown a significant improvement over the past few years. The margin started at a negative level, deteriorating from -4.08% in March 2020 to a low of -65.85% in March 2021. However, the company managed to turnaround its performance, gradually recovering and entering positive territory by March 2022 with a 5.17% pretax margin. This positive trend continued with successive increases, reaching 11.53% by December 31, 2024. The steady improvement in pretax margin indicates that Expedia Group Inc. implemented effective cost management strategies and revenue optimization measures, leading to enhanced profitability over the period under review.
Peer comparison
Dec 31, 2024