Expedia Group, Inc.

For the period ended Dec 31, 2025. Filed Feb 13, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 13, 2026

EXPE$259.16-0.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets F-

CONSOLIDATED BALANCE SHEETS

	December 31,
	2025	2024
(In millions, except per share data)
ASSETS
Current assets:
Cash and cash equivalents	$5,413	$4,183
Restricted cash and cash equivalents	1,563	1,391
Short-term investments	320	300
Accounts receivable, net of allowance of $74 and $55	4,166	3,213
Income taxes receivable	38	39
Prepaid expenses and other current assets	699	689
Total current assets	12,199	9,815
Property and equipment, net	2,447	2,413
Operating lease right-of-use assets	296	305
Long-term investments and other assets	1,387	1,698
Deferred income taxes	432	496
Intangible assets, net	819	817
Goodwill	6,872	6,844
TOTAL ASSETS	$24,452	$22,388
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, merchant	$2,188	$2,031
Accounts payable, other	1,103	1,039
Deferred merchant bookings	10,428	8,517
Deferred revenue	163	164
Income taxes payable	56	51
Accrued expenses and other current liabilities	1,027	766
Current maturities of long-term debt	1,692	1,043
Total current liabilities	16,657	13,611
Long-term debt, excluding current maturities	4,469	5,223
Deferred income taxes	20	19
Operating lease liabilities	254	265
Other long-term liabilities	505	471
Commitments and contingencies
Stockholders’ equity:
Common stock $.0001 par value, Authorized shares: 1,600,000	—	—
Class B common stock $.0001 par value, Authorized shares: 400,000	—	—
Additional paid-in capital	16,565	16,043
Treasury stock — Common stock and Class B, at cost, Shares: 181,749 and 171,515	(16,786)	(14,856)
Retained earnings (deficit)	1,696	602
Accumulated other comprehensive income (loss)	(191)	(232)
Total Expedia Group, Inc. stockholders’ equity	1,284	1,557
Non-redeemable non-controlling interest	1,263	1,242
Total stockholders’ equity	2,547	2,799
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$24,452	$22,388

F- 6

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.