FINHUB Insights

Expedia Q4 FY25: where the revenue came from and where it went

The whole income statement of Expedia for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Oct 1 – Dec 31, 2025
Reported
Feb 13, 2026 10-K accession 0001324424-26-000008

Revenue$3.55B +11% year over year
Gross profit$3.20B 90% margin
Operating profit$0.42B 12% margin
Net profit$0.21B 6% margin
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The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 3.55 100% +11%
Lodging 2.82 79% +11%
Other services 0.33 9% +9%
EG advertising 0.21 6% +19%
Trivago advertising 0.10 3% +47%
Air 0.09 3% −4%
Cost of revenue−0.3510%
Gross profit3.2090% margin+1pp
Sales & marketing−1.7048%−1pp
G&A−0.205%−1pp
Other−0.8825%+0pp
Operating profit0.4212% margin+5pp
Interest & other costs−0.17
Tax−0.04
Net profit0.21 6% margin−3pp

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

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