Expedia Group Inc. (EXPE)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	768,000	698,000	741,000	506,000
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
Pretax margin		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%	6.42%	5.93%	6.46%	4.52%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,127,000K ÷ $12,581,000K
= 8.96%

Expedia Group Inc's pretax margin has shown variability over the past eight quarters. In Q2 2023, the pretax margin was the highest at 10.41%, indicating that the company was able to generate more profit before taxes relative to its revenue during that period. This improvement was a significant rise compared to the previous quarter's 8.19%. However, in Q1 2023, the pretax margin dropped to 5.67%, showing a decrease in profitability compared to the preceding quarter.

The trend over the past quarters suggests some fluctuations in Expedia Group's operational efficiency in generating profits before taxes. Investors and analysts may want to monitor these fluctuations closely to understand the factors driving these changes and assess the company's financial performance and potential future profitability.