EXPEDIA GROUP, INC., 10-K filed on 2/7/2025
Annual Report
v3.25.0.1
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2024
Jan. 24, 2025
Jun. 30, 2024
Entity Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2024    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-37429    
Entity Registrant Name EXPEDIA GROUP, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 20-2705720    
Entity Address, Address Line One 1111 Expedia Group Way W    
Entity Address, City or Town Seattle    
Entity Address, State or Province WA    
Entity Address, Postal Zip Code 98119    
City Area Code 206    
Local Phone Number 481-7200    
Title of 12(b) Security Common stock, $0.0001 par value    
Trading Symbol EXPE    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Smaller Reporting Company false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 15,649,026,000
Documents Incorporated by Reference
  Parts Into Which Incorporated
Portions of the registrant's definitive Proxy Statement relating to its 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual report on Form 10-K where indicated.  Part III
    
Amendment Flag false    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001324424    
Common Stock      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   123,333,622  
Class B Common Stock      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   5,523,452  
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Audit Information
 12 Months Ended
Dec. 31, 2024
Audit Information [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location Seattle, Washington
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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenue $ 13,691 $ 12,839 $ 11,667
Costs and expenses:      
Cost of revenue (exclusive of depreciation and amortization shown separately below) [1] 1,443 1,573 1,657
Selling and marketing - direct 6,846 6,107 5,428
Selling and marketing - indirect [1] 781 756 672
Technology and content [1] 1,314 1,358 1,181
General and administrative [1] 805 771 748
Depreciation and amortization 838 807 792
Impairment of goodwill 0 297 0
Impairment of intangible assets 147 129 81
Legal reserves, occupancy tax and other 118 8 23
Restructuring and related reorganization charges [1] 80 0 0
Operating income 1,319 1,033 1,085
Other income (expense):      
Interest income 235 207 60
Interest expense (246) (245) (277)
Gain on debt extinguishment, net 0 0 49
Other, net 234 23 (379)
Total other income (expense), net 223 (15) (547)
Income before income taxes 1,542 1,018 538
Provision for income taxes (318) (330) (195)
Net income 1,224 688 343
Net loss attributable to non-controlling interests 10 109 9
Net income attributable to Expedia Group, Inc. $ 1,234 $ 797 $ 352
Earnings per share attributable to Expedia Group, Inc. available to common stockholders:      
Basic (in dollars per share) $ 9.39 $ 5.50 $ 2.24
Diluted (in dollars per share) $ 8.95 $ 5.31 $ 2.17
Shares used in computing earnings per share (000's):      
Basic (in shares) 131,432 144,967 156,672
Diluted (in shares) 137,919 150,228 161,751
[1]
 (1) Includes stock-based compensation as follows:
Cost of revenue$12 $14 $14 
Selling and marketing81 79 67 
Technology and content154 138 111 
General and administrative203 182 182 
Restructuring and related reorganization charges8 — — 
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CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Stock-based compensation $ 458 $ 413 $ 374
Cost of revenue      
Stock-based compensation 12 14 14
Selling and marketing      
Stock-based compensation 81 79 67
Technology and content      
Stock-based compensation 154 138 111
General and administrative      
Stock-based compensation 203 182 182
Restructuring and related reorganization charges      
Stock-based compensation $ 8 $ 0 $ 0
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income $ 1,224 $ 688 $ 343
Other comprehensive income (loss), net of tax      
Currency translation adjustments, net of taxes (28) 27 (106)
Other comprehensive income (loss), net of tax (28) 27 (106)
Comprehensive income 1,196 715 237
Less: Comprehensive loss attributable to non-controlling interests (15) (107) (30)
Comprehensive income attributable to Expedia Group, Inc. common stockholders $ 1,211 $ 822 $ 267
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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,183 $ 4,225
Restricted cash and cash equivalents 1,391 1,436
Short-term investments 300 28
Accounts receivable, net of allowance of $55 and $46 3,213 2,786
Income taxes receivable 39 47
Prepaid expenses and other current assets 689 708
Total current assets 9,815 9,230
Property and equipment, net 2,413 2,359
Operating lease right-of-use assets 305 357
Long-term investments and other assets 1,698 1,238
Deferred income taxes 496 586
Intangible assets, net 817 1,023
Goodwill 6,844 6,849
TOTAL ASSETS 22,388 21,642
Current liabilities:    
Accounts payable, merchant 2,031 2,041
Accounts payable, other 1,039 1,077
Deferred merchant bookings 8,517 7,723
Deferred revenue 164 164
Income taxes payable 51 26
Accrued expenses and other current liabilities 766 752
Current maturities of long-term debt 1,043 0
Total current liabilities 13,611 11,783
Long-term debt, excluding current maturities 5,223 6,253
Deferred income taxes 19 33
Operating lease liabilities 265 314
Other long-term liabilities 471 473
Commitments and contingencies
Stockholders’ equity:    
Common stock 0 0
Additional paid-in capital 16,043 15,398
Treasury stock — Common stock and Class B, at cost, Shares: 171,515 and 157,903 (14,856) (13,023)
Retained earnings (deficit) 602 (632)
Accumulated other comprehensive income (loss) (232) (209)
Total Expedia Group, Inc. stockholders’ equity 1,557 1,534
Non-redeemable non-controlling interest 1,242 1,252
Total stockholders’ equity 2,799 2,786
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 22,388 21,642
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Accounts receivable, allowance $ 55 $ 46
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 1,600,000,000 1,600,000,000
Common stock, shares, issued (in shares) 287,509,000 282,149,000
Common stock, shares, outstanding (in shares) 123,271,000 131,522,000
Treasury stock (in shares) 171,515,000 157,903,000
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, shares, issued (in shares) 12,800,000 12,800,000
Common stock, shares, outstanding (in shares) 5,523,000 5,523,000
Treasury stock (in shares) 7,300,000 7,300,000
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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Class B common stock
Common stock
Common stock
Class B common stock
Additional paid-in capital
Treasury stock - Common and Class B
Retained earnings (deficit)
Accumulated other comprehensive income (loss)
Non-redeemable non-controlling interest
Beginning balance (in shares) at Dec. 31, 2021     274,660,725 12,799,999          
Beginning balance at Dec. 31, 2021 $ 3,552   $ 0 $ 0 $ 14,229 $ (10,262) $ (1,761) $ (149) $ 1,495
Beginning balance (in shares) at Dec. 31, 2021           131,812,764      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 343           352   (9)
Other comprehensive income (loss), net of taxes (106)             (85) (21)
Proceeds from exercise of equity instruments and employee stock purchase plans (in shares)     3,603,510            
Proceeds from exercise of equity instruments and employee stock purchase plans 131       131        
Treasury stock activity related to vesting of equity instruments (in shares)           768,173      
Treasury stock activity related to vesting of equity instruments $ (107)         $ (107)      
Common stock repurchases (in shares) 5,200,000         5,202,492      
Common stock repurchases $ (500)         $ (500)      
Other changes in ownership of non-controlling interests 4       24       (20)
Stock-based compensation expense 411       411        
Ending balance (in shares) at Dec. 31, 2022     278,264,235 12,799,999          
Ending balance at Dec. 31, 2022 3,728   $ 0 $ 0 14,795 $ (10,869) (1,409) (234) 1,445
Ending balance (in shares) at Dec. 31, 2022           137,783,429      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 688           797   (109)
Other comprehensive income (loss), net of taxes 27             25 2
Proceeds from exercise of equity instruments and employee stock purchase plans (in shares)     3,884,341            
Proceeds from exercise of equity instruments and employee stock purchase plans 101       101        
Withholding taxes for stock options (7)       (7)        
Treasury stock activity related to vesting of equity instruments (in shares)           973,946      
Treasury stock activity related to vesting of equity instruments $ (106)         $ (106)      
Common stock repurchases (in shares) 19,100,000         19,145,610      
Common stock repurchases $ (2,031)         $ (2,031)      
Other changes in ownership of non-controlling interests (70)       16       (86)
Stock-based compensation expense 474       474        
Other $ (18)       19 (17) (20)    
Ending balance (in shares) at Dec. 31, 2023 131,522,000 5,523,000 282,148,576 12,799,999          
Ending balance at Dec. 31, 2023 $ 2,786   $ 0 $ 0 15,398 $ (13,023) (632) (209) 1,252
Ending balance (in shares) at Dec. 31, 2023 157,903,000 7,300,000       157,902,985      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) $ 1,224           1,234   (10)
Other comprehensive income (loss), net of taxes (28)             (23) (5)
Proceeds from exercise of equity instruments and employee stock purchase plans (in shares)     5,360,219            
Proceeds from exercise of equity instruments and employee stock purchase plans 116       116        
Withholding taxes for stock options (2)       (2)        
Treasury stock activity related to vesting of equity instruments (in shares)           1,539,783      
Treasury stock activity related to vesting of equity instruments $ (206)         $ (206)      
Common stock repurchases (in shares) 12,100,000         12,071,915      
Common stock repurchases $ (1,616)         $ (1,616)      
Other changes in ownership of non-controlling interests 5               5
Stock-based compensation expense 531       531        
Other $ (11)         (11)      
Ending balance (in shares) at Dec. 31, 2024 123,271,000 5,523,000 287,508,795 12,799,999          
Ending balance at Dec. 31, 2024 $ 2,799   $ 0 $ 0 $ 16,043 $ (14,856) $ 602 $ (232) $ 1,242
Ending balance (in shares) at Dec. 31, 2024 171,515,000 7,300,000       171,514,683      
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net income $ 1,224 $ 688 $ 343
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment, including internal-use software and website development 781 748 704
Amortization of stock-based compensation 458 413 374
Amortization of intangible assets 57 59 88
Impairment of goodwill and intangible assets 147 426 81
Deferred income taxes 74 62 70
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net 95 (16) 128
Realized (gain) loss on foreign currency forwards, net 40 0 78
(Gain) loss on minority equity investments, net (289) (16) 345
(Gain) loss on debt extinguishment, net 0 0 (49)
Other 79 55 17
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:      
Accounts receivable (467) (741) (838)
Prepaid expenses and other assets 67 98 55
Accounts payable, merchant (10) 332 375
Accounts payable, other, accrued expenses and other liabilities (11) 101 194
Tax payable/receivable, net 46 (91) 11
Deferred merchant bookings 794 572 1,464
Net cash provided by operating activities 3,085 2,690 3,440
Investing activities:      
Capital expenditures, including internal-use software and website development (756) (846) (662)
Purchases of investments (549) (28) (60)
Sales and maturities of investments 78 49 205
Proceeds from initial exchange of cross-currency interest rate swaps 0 0 337
Payments for initial exchange of cross-currency interest rate swaps 0 0 (337)
Other, net (35) 25 (63)
Net cash used in investing activities (1,262) (800) (580)
Financing activities:      
Payment of long-term debt 0 0 (2,141)
Debt extinguishment costs 0 0 (22)
Purchases of treasury stock (1,839) (2,137) (607)
Proceeds from exercise of equity awards and employee stock purchase plan 116 101 131
Other, net (22) (60) 15
Net cash used in financing activities (1,745) (2,096) (2,624)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents (165) 16 (190)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (87) (190) 46
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year 5,661 5,851 5,805
Cash, cash equivalents and restricted cash and cash equivalents at end of year 5,574 5,661 5,851
Supplemental cash flow information      
Cash paid for interest 231 231 291
Income tax payments, net $ 184 $ 281 $ 102
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Organization and Basis of Presentation
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Organization and Basis of Presentation Organization and Basis of Presentation
Description of Business
Expedia Group, Inc. and its subsidiaries provide travel products and services to leisure and corporate travelers in the United States and abroad as well as various media and advertising offerings to travel and non-travel advertisers. We leverage our supply portfolio, platform and technology capabilities across an extensive portfolio of consumer brands, including our three core consumer brands of Expedia®, Hotels.com®, and Vrbo® as well as trivago®, and provide solutions to our business partners, to empower travelers to efficiently research, plan, book and experience travel. We refer to Expedia Group, Inc. and its subsidiaries collectively as “Expedia Group,” the “Company,” “us,” “we” and “our” in these consolidated financial statements.
Basis of Presentation
The accompanying consolidated financial statements include Expedia Group, Inc., our wholly-owned subsidiaries, and entities we control, or in which we have a variable interest and are the primary beneficiary of expected cash profits or losses. We record our investments in entities that we do not control, but over which we have the ability to exercise significant influence, using the equity method or at fair value. We have eliminated significant intercompany transactions and accounts.
We believe that the assumptions underlying our consolidated financial statements are reasonable. However, these consolidated financial statements do not present our future financial position, the results of our future operations and cash flows.
Seasonality
We generally experience seasonal fluctuations in the demand for our travel services. For example, traditional leisure travel bookings are generally the highest in the first three quarters as travelers plan and book their spring, summer and winter holiday travel. The number of bookings typically decreases in the fourth quarter. Since revenue for most of our travel services, including merchant and agency hotel, is recognized as the travel takes place rather than when it is booked, revenue typically lags bookings by several weeks for our hotel business and can be several months or more for our alternative accommodations business. Historically, Vrbo has seen seasonally stronger bookings in the first quarter of the year, with the relevant stays occurring during the peak summer travel months. The seasonal revenue impact is exacerbated with respect to income by the nature of our variable cost of revenue and direct sales and marketing costs, which we typically realize in closer alignment to booking volumes, and the more stable nature of our fixed costs. As a result on a consolidated basis, revenue and income are typically the lowest in the first quarter and highest in the third quarter.
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Significant Accounting Policies
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Significant Accounting Policies Significant Accounting Policies
Consolidation
Our consolidated financial statements include the accounts of Expedia Group, Inc., our wholly-owned subsidiaries, and entities for which we control a majority of the entity’s outstanding common stock. We record non-controlling interest in our consolidated financial statements to recognize the minority ownership interest in our consolidated subsidiaries. Non-controlling interest in the earnings and losses of consolidated subsidiaries represent the share of net income or loss allocated to members or partners in our consolidated entities. trivago is a separately listed company on the Nasdaq Global Select Market and, therefore, is subject to its own reporting and filing requirements, which could result in possible differences that are not expected to be material to Expedia Group, Inc.
We have eliminated significant intercompany transactions and accounts in our consolidated financial statements.
Accounting Estimates
We use estimates and assumptions in the preparation of our consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our consolidated financial statements include revenue recognition; recoverability of current and long-lived assets, intangible assets and goodwill; income and transactional taxes, such as potential settlements related to occupancy and excise taxes; loss contingencies; deferred loyalty rewards; stock-based compensation; accounting for derivative instruments and provisions for credit losses, and chargebacks.
Reclassifications
We have reclassified prior period financial statements to conform to the current period presentation.
Revenue Recognition
We recognize revenue upon transfer of control of our promised services in an amount that reflects the consideration we expect to be entitled to in exchange for those services.
For our primary transaction-based revenue sources, discussed below, we have determined net presentation (that is, the amount billed to a traveler less the amount paid to a supplier) is appropriate for the majority of our revenue transactions as the supplier is primarily responsible for providing the underlying travel services and we do not control the service provided by the supplier to the traveler. We exclude all taxes assessed by a government authority, if any, from the measurement of transaction prices that are imposed on our travel related services or collected by the Company from customers (which are therefore excluded from revenue).
We offer traditional travel services on a stand-alone and package basis generally either through the merchant or the agency business model.
Under the merchant model, we facilitate the booking of hotel rooms, alternative accommodations, airline seats, car rentals and destination services from our travel suppliers and we are the merchant of record for such bookings.
Under the agency model, we pass reservations booked by the traveler to the relevant travel supplier and the travel supplier serves as the merchant of record for such bookings. We receive commissions or ticketing fees from the travel supplier and/or traveler. For certain agency airline, hotel and car transactions, we also receive fees through global distribution systems (“GDS”) that provide the computer systems through which the travel supplier inventory is made available and through which reservations are booked.
Under the advertising model, we offer travel and non-travel advertisers access to a potential source of incremental traffic and transactions through our various media and advertising offerings on trivago and our transaction-based websites.
In addition, Vrbo also provides subscription-based listing and other ancillary services to property owners and managers.
The nature of our travel booking service performance obligations vary based on the travel service with differences primarily related to the degree to which we provide post booking services to the traveler and the timing when rights and obligations are triggered in our underlying supplier agreements. We consider both the traveler and travel supplier as our customers.
Refer to NOTE 17 — Segment Information for revenue by business model and service type.
Lodging. Our lodging revenue is comprised of revenue recognized under the merchant, agency and Vrbo subscription-based listing services model.
Merchant Hotel. We provide travelers access to book hotel room reservations through our contracts with lodging suppliers, which provide us with rates and availability information for rooms but for which we have no control over the rooms and do not bear inventory risk. Our travelers pay us for merchant hotel transactions prior to departing on their trip, generally when they book the reservation. We record the payment in deferred merchant bookings until the stayed night occurs, at which point we recognize the revenue, net of amounts paid to suppliers, as this is when our performance obligation is satisfied. Payments to suppliers are generally due within 30 days of check-in or stay. In certain instances when a supplier invoices us for less than the cost we accrued, we generally reduce our merchant accounts payable and the supplier costs within net revenue six months in arrears, net of an allowance, when we determine it is not probable that we will be required to pay the supplier, based on historical experience. Cancellation fees are collected and remitted to the supplier, if applicable.
Agency Hotel. We generally record agency revenue from the hotel when the stayed night occurs as we provide post booking services to the traveler and, thus consider the stay as when our performance obligation is satisfied. We record an allowance for cancellations on this revenue based on historical experience.
Merchant and Agency Vrbo Alternative Accommodations. Vrbo's lodging revenue is generally earned on a pay-per-booking basis, which can be either merchant or agency bookings depending on the nature of the payment processor. Pay-per-booking arrangements are commission-based where rental property owners and managers bear the inventory risk, have latitude in setting the price and compensate Vrbo for facilitating bookings with travelers. Under pay-per-booking arrangements, each booking is a separate contract as listings are typically cancelable at any time and the related revenue, net of amounts paid to property owners, is recognized at check in, which is the point in time when our service to the traveler is complete. Vrbo also charges a traveler service fee at the time of booking. The service fee charged to travelers provides compensation for Vrbo's services, including but not limited to the use of Vrbo's website and a “Book with Confidence Guarantee” providing travelers with comprehensive payment protection and 24/7 traveler support. The performance obligation is to facilitate the booking of a property and assist travelers up to their check in process and, as such, the traveler service fee revenue is recognized at check-in.
Subscription-based Listing Services. To a lesser extent, Vrbo's lodging revenue is also earned on a pay-per-subscription basis. In pay-per-subscription contracts, property owners or managers purchase in advance online advertising services related to the listing of their properties for rent over a fixed term (typically one year). As the performance obligation is the listing service and is provided to the property owner or manager over the life of the listing period, the pay-per-subscription revenue is recognized on a straight-line basis over the listing period.
Merchant and Agency Air. We record revenue on air transactions when the traveler books the transaction, as we do not typically provide significant post booking services to the traveler and payments due to and from air carriers are typically due at the time of ticketing. We record a reserve for chargebacks and cancellations at the time of the transaction based on historical experience. In certain transactions, the GDS collects commissions from our suppliers and passes these commissions to us, net of their fees. Therefore, we view payments through the GDS as commissions from suppliers and record these commissions in net revenue. Fees paid to the GDS as compensation for their role in processing transactions are recorded as cost of revenue.
Advertising and Media. We record revenue from click-through fees charged to our travel partners for leads sent to the travel partners’ websites. We record revenue from click-through fees after the traveler makes the click-through to the related travel partners’ websites. We record revenue for advertising placements ratably over the advertising period or upon delivery of advertising impressions, depending on the terms of the contract. Payments from advertisers are generally due within 30 days of invoicing.
Other. Other primarily includes transaction revenue for booking services related to products such as car, cruise and destination services under the agency business model. We generally record the related revenue when the travel occurs, as in most cases we provide post booking services and this is when our performance obligation is complete. Additionally, no rights or obligations are triggered in our supplier agreements until the travel occurs. We record an allowance for cancellations on this revenue based on historical experience. Revenue from other ancillary alternative accommodation services or products are recorded either upon delivery or when we provide the service. In addition, other also includes travel insurance products primarily under the merchant model, for which revenue is recorded at the time the transaction is booked.
Packages. Packages assembled by travelers through the packaging functionality on our websites generally include a merchant hotel component and some combination of an air, car or destination services component. The individual package components are accounted for as separate performance obligations and recognized in accordance with our revenue recognition policies stated above.
Prepaid Merchant Bookings. We classify payments made to suppliers in advance of Vrbo performance obligations as prepaid merchant bookings included within prepaid and other current assets. Prepaid merchant bookings was $319 million as of December 31, 2024 and $365 million as of December 31, 2023.
Deferred Merchant Bookings. We classify cash payments received in advance of our performance obligations as deferred merchant bookings. At December 31, 2023, $6.9 billion of advance cash payments was reported within deferred merchant bookings, $5.8 billion of which was recognized resulting in $917 million of revenue during the year ended December 31, 2024 with the remainder primarily consisting of cancellations during the year. At December 31, 2024, the related balance was $7.6 billion.
Travelers enrolled in our internally administered traveler loyalty rewards programs earn rewards for each eligible booking made which can be redeemed for free or discounted future bookings. One Key allows members to earn OneKeyCash, the currency of the One Key program, on eligible hotels, alternative accommodations, activities, packages, car rentals, flights and cruises made on the U.S. and U.K. points of sale on Brand Expedia, Hotels.com and Vrbo. Hotels.com Rewards continues to be offered outside the U.S. and U.K. and offers travelers one free night at any Hotels.com partner property after that traveler stays 10 nights, subject to certain restrictions. Expedia Rewards also continues to be offered outside the U.S. and U.K. and enables participating travelers to earn points on all hotel, flight, package and activities made on various international Brand Expedia websites. As travelers accumulate rewards towards free travel products, we defer the relative standalone selling price of earned rewards, net of expected breakage, as deferred loyalty rewards within deferred merchant bookings on the consolidated balance sheet. In order to estimate the standalone selling price of the underlying services on which rewards can be redeemed for all loyalty programs, we use an adjusted market assessment approach and consider the redemption values expected from the traveler. We then estimate the number of rewards that will not be redeemed based on historical activity in our members' accounts as well as statistical modeling techniques. Revenue is recognized when we have satisfied our performance obligation relating to the rewards, that is when the travel service purchased with the loyalty award is satisfied. The majority of rewards expected to be redeemed are recognized within one to two years of being earned. At December 31, 2023, $871 million of deferred loyalty rewards was reported within deferred merchant bookings, all of which was recognized as revenue during the year ended December 31, 2024. At December 31, 2024, the related balance was $937 million.
Deferred Revenue. Deferred revenue primarily consists of unearned subscription revenue as well as deferred advertising revenue. At December 31, 2023, $164 million was recorded as deferred revenue, $131 million of which was recognized as revenue during the year ended December 31, 2024. At December 31, 2024, the related balance was $164 million.
Practical Expedients and Exemptions. We have used the portfolio approach to account for our loyalty points as the rewards programs share similar characteristics within each program in relation to the value provided to the traveler and their breakage patterns. Using this portfolio approach is not expected to differ materially from applying the guidance to individual contracts. However, we will continue to assess and refine, if necessary, how a portfolio within each rewards program is defined.
We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.
Cash, Restricted Cash, and Cash Equivalents
Our cash and cash equivalents include cash and liquid financial instruments, including term deposit investments, certificates of deposits, and money market funds with maturities of three months or less when purchased. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to certain traveler deposits and, to a lesser extent, collateral for office leases. The following table reconciles cash, cash equivalents and restricted cash reported in our consolidated balance sheets to the total amount presented in our consolidated statements of cash flows:
December 31,
20242023
(in millions)
Cash and cash equivalents$4,183 $4,225 
Restricted cash and cash equivalents1,391 1,436 
Total cash, cash equivalents and restricted cash and cash equivalents in the consolidated statements of cash flows$5,574 $5,661 
Short-term and Long-term Investments
We determine the appropriate classification of our investments in marketable securities at the time of purchase and reevaluate such designation at each balance sheet date. Investments, other than minority equity investments, classified as available-for-sale are recorded at fair value with unrealized holding gains and losses recorded, net of tax, as a component of accumulated other comprehensive income ("OCI"). Realized gains and losses from the sale of available-for-sale investments, if any, are determined on a specific identification basis. We review our available-for-sale securities on a regular basis for impairment. For available-for-sale securities in unrealized loss positions, we determine whether any portion of the decline in fair value below the amortized cost basis is due to credit-related factors if we neither intend to sell nor anticipate that it is more likely than not that we will be required to sell prior to recovery of the amortized cost basis. We consider factors such as the extent to which the market value has been less than the cost, any noted failure of the issuer to make scheduled payments, changes to the rating of the security and other relevant credit-related factors in determining whether or not a credit loss exists. Investments with remaining maturities of less than one year are classified within short-term investments. All other investments are classified within long-term investments and other assets.
Minority equity investments with either readily determinable fair values, or for which we have elected to apply the fair value option, are measured at fair value on a recurring basis with changes in fair value recorded through net income or loss. Minority investments without readily determinable fair values, for which we have not elected to measure at fair value, are measured using the equity method, or measured at cost with observable price changes reflected through net income or loss. We perform a qualitative assessment on a quarterly basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. Changes in value of minority equity investments are recorded in other income (expense), net.
Accounts Receivable
Accounts receivable are generally due within thirty days and are recorded net of an allowance for expected uncollectible amounts. We consider accounts outstanding longer than the contractual payment terms as past due. The risk characteristics we generally review when analyzing our accounts receivable pools primarily include the type of receivable (for example, credit card vs hotel collect), collection terms and historical or expected credit loss patterns. For each pool, we make estimates of expected credit losses for our allowance by considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history continually updated for new collections data, the credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions and other factors that may affect our ability to collect from customers. The provision for estimated credit losses is recorded as cost of revenue in our consolidated statements of operations.
Property and Equipment
We record property and equipment at cost, net of accumulated depreciation and amortization. We also capitalize certain costs incurred related to the development of internal use software. We capitalize costs incurred during the application development stage related to the development of internal use software. We expense costs incurred related to the planning and post-implementation phases of development as incurred.
We compute depreciation using the straight-line method over the estimated useful lives of the assets, which is three to five years for computer equipment, capitalized software development and furniture and other equipment, 15 years for land improvements, and 40 years for buildings, which includes our corporate headquarters. Land is not depreciated. We amortize leasehold improvement using the straight-line method, over the shorter of the estimated useful life of the improvement or the remaining term of the lease.
We establish assets and liabilities for the present value of estimated future costs to return certain of our leased facilities to their original condition under the authoritative accounting guidance for asset retirement obligations. Such assets are depreciated over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated restoration costs.
Leases
We determine if an arrangement is a lease at inception. Operating leases are primarily for office space and data centers and are included in operating lease right-of-use ("ROU") assets, accrued expenses and other current liabilities, and operating lease liabilities on our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
For operating leases with a term of one year or less, we have elected to not recognize a lease liability or ROU asset on our consolidated balance sheet. Instead, we recognize the lease payments as expense on a straight-line basis over the lease term. Short-term lease costs are immaterial to our consolidated statements of operations and cash flows.
We have office space and data center lease agreements with insignificant non-lease components and have elected the practical expedient to combine and account for lease and non-lease components as a single lease component.
Business Combinations
We assign the value of the consideration transferred to acquire a business to the tangible assets and identifiable intangible assets acquired and liabilities assumed on the basis of their fair values at the date of acquisition. Any excess purchase price over the fair value of the net tangible and intangible assets acquired is allocated to goodwill. When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Critical estimates in valuing certain intangible assets include but are not limited to future expected cash flows from customer relationships and trade names, and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Any changes to provisional amounts identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined.
Recoverability of Goodwill and Indefinite-Lived Intangible Assets
Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination as of the acquisition date. We assess goodwill and indefinite-lived intangible assets, neither of which is amortized, for impairment annually as of October 1, or more frequently, if events and circumstances indicate impairment may have occurred. In the evaluation of goodwill for impairment, we typically perform a quantitative assessment and compare the fair value of the reporting unit to the carrying value. An impairment charge is recorded based on the excess of the reporting unit's carrying amount over its fair value. Periodically, we may choose to perform a qualitative assessment, prior to performing the quantitative analysis, to determine whether the fair value of the goodwill is more likely than not impaired.
We generally base our measurement of fair value of reporting units on a blended analysis of the present value of future discounted cash flows and market valuation approach. The discounted cash flows model indicates the fair value of the reporting units based on the present value of the cash flows that we expect the reporting units to generate in the future. Our significant
estimates in the discounted cash flows model include: our weighted average cost of capital; long-term rate of growth and profitability of our business; and working capital effects. The market valuation approach indicates the fair value of the business based on a comparison of the Company to comparable publicly traded firms in similar lines of business. Our significant estimates in the market approach model include identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and operating income multiples in estimating the fair value of the reporting units.
We believe the weighted use of discounted cash flows and market approach is the best method for determining the fair value of our reporting units because these are the most common valuation methodologies used within the travel and internet industries; and the blended use of both models compensates for the inherent risks associated with either model if used on a stand-alone basis.
In addition to measuring the fair value of our reporting units as described above, we consider the combined carrying and fair values of our reporting units in relation to the Company’s total fair value of equity plus debt as of the assessment date. Our equity value assumes our fully diluted market capitalization, using either the stock price on the valuation date or the average stock price over a range of dates around the valuation date, plus an estimated acquisition premium which is based on observable transactions of comparable companies. The debt value is based on the highest value expected to be paid to repurchase the debt, which can be fair value, principal or principal plus a premium depending on the terms of each debt instrument.
In our evaluation of our indefinite-lived intangible assets, we typically first perform a quantitative assessment and an impairment charge is recorded for the excess of the carrying value of indefinite-lived intangible assets over their fair value, if necessary. We base our measurement of fair value of indefinite-lived intangible assets, which primarily consist of trade name and trademarks, using the relief-from-royalty method. This method assumes that the trade name and trademarks have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them. As with goodwill, periodically, we may choose to perform a qualitative assessment, prior to performing the quantitative analysis, to determine whether the fair value of the indefinite-lived intangible asset is more likely than not impaired.
Recoverability of Intangible Assets with Definite Lives and Other Long-Lived Assets
Intangible assets with definite lives and other long-lived assets are carried at cost and are amortized on a straight-line basis over their estimated useful lives of one to ten years. We review the carrying value of long-lived assets or asset groups, including property and equipment, to be used in operations whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Factors that would necessitate an impairment assessment include a significant adverse change in the extent or manner in which an asset is used, a significant adverse change in legal factors or the business climate that could affect the value of the asset, or a significant decline in the observable market value of an asset, among others. If such facts indicate a potential impairment, we would assess the recoverability of an asset group by determining if the carrying value of the asset group exceeds the sum of the projected undiscounted cash flows expected to result from the use and eventual disposition of the assets over the remaining economic life of the primary asset in the asset group. If the recoverability test indicates that the carrying value of the asset group is not recoverable, we will estimate the fair value of the asset group using appropriate valuation methodologies which would typically include an estimate of discounted cash flows. Any impairment would be measured as the difference between the asset groups carrying amount and its estimated fair value.
Assets held for sale, to the extent we have any, are reported at the lower of cost or fair value less costs to sell.
Income Taxes
We record income taxes under the liability method. Deferred tax assets and liabilities reflect our estimation of the future tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. Deferred tax assets and liabilities for each temporary difference are recorded based on the enacted tax rates expected to be in effect when we realize the underlying items of income and expense.
We consider many factors when assessing the likelihood of future realization of our deferred tax assets, including recent earnings by jurisdiction, expectations of future taxable income, the tax attribute carryforward periods, as well as other relevant factors. We may record a valuation allowance to reduce deferred tax assets to the amount we believe is more likely than not to be realized. Due to inherent complexities arising from the nature of our businesses, future changes in income tax law, tax sharing agreements or variances between our actual and anticipated operating results, we must make certain judgments and estimates. Therefore, actual income taxes could materially vary from these estimates. All deferred income taxes are classified as long-term on our consolidated balance sheets.
We account for uncertain tax positions based on a two-step process of evaluating recognition and measurement criteria. The first step assesses whether the tax position is more likely than not to be sustained upon examination by the tax authority, including resolution of any appeals or litigation, based on the technical merits of the position. If the tax position meets the more
likely than not criteria, the tax benefit greater than 50% likely to be realized upon settlement with the tax authority is recognized in the financial statements.
We recognize interest and penalties related to unrecognized tax benefits in the income tax expense line in our consolidated statement of operations. Accrued interest and penalties are included in other long-term liabilities on the consolidated balance sheet.
In relation to tax effects for accumulated OCI, our policy is to release the tax effects of amounts reclassified from accumulated OCI to pre-tax income (loss) from continuing operations. Any remaining tax effect in accumulated OCI is released following a portfolio approach.
We account for the global intangible low-tax income earned by our foreign subsidiaries included in gross U.S. taxable income in the period incurred.
Derivative Instruments
Derivative instruments are carried at fair value on our consolidated balance sheets. The fair values of the derivative financial instruments generally represent the estimated amounts we would expect to receive or pay upon termination of the contracts as of the reporting date.
At December 31, 2024 and 2023, our derivative instruments primarily consisted of foreign currency forward contracts. We use foreign currency forward contracts to economically hedge certain merchant revenue exposures, foreign denominated liabilities related to certain of our loyalty programs and our other foreign currency-denominated operating liabilities. Our goal in managing our foreign exchange risk is to reduce, to the extent practicable, our potential exposure to the changes that exchange rates might have on our earnings, cash flows and financial position. Our foreign currency forward contracts are typically short-term and, as they do not qualify for hedge accounting treatment, we classify the changes in their fair value in other, net and present associated cash flows within investing activities on the statement of cash flows. We do not hold or issue financial instruments for speculative or trading purposes.
Until their redemption in March 2022, the aggregate principal value of our €650 million of registered senior unsecured notes that bore interest at 2.5% (the “2.5% Notes”) was designated as a hedge of our net investment in certain Euro-functional currency subsidiaries. In March 2022, we redeemed the 2.5% Notes and terminated the related hedging relationship. The currency translation adjustment amounts associated with the net investment hedge of the 2.5% Notes will remain in accumulated OCI until realized upon a full or partial sale or liquidation of applicable Euro-functional currency subsidiaries.
In March 2022, we entered into two fixed-to-fixed cross-currency interest rate swaps (the “swaps”) with an aggregate notional amount of €300 million. During the term of each contract, we receive interest payments in U.S. dollars at a fixed rate of 5% and make interest payments in Euros at an average fixed rate of 3.38% based on a notional amount and fixed interest rates determined at contract inception. The swaps were designated as a hedge of our net investment in certain Euro functional currency subsidiaries. Hedge effectiveness is assessed each quarter based on the net investment in the foreign subsidiaries designated as the hedged item and the changes in the fair value of the designated interest rate swaps based on spot rates. For hedges that meet the effectiveness requirements, changes in fair value are recorded as accumulated OCI within the foreign currency translation adjustment. Amounts excluded from hedge effectiveness at inception are recognized as interest accrues within interest expense. The maturity date of both swaps is February 2026, whereby, we will receive U.S. dollars from and pay Euros to the contract counterparties.
Foreign Currency Translation and Transaction Gains and Losses
Certain of our operations outside of the United States use the related local currency as their functional currency. We translate revenue and expense at average rates of exchange during the period. We translate assets and liabilities at the rates of exchange as of the consolidated balance sheet dates and include foreign currency translation gains and losses as a component of accumulated OCI. Due to the nature of our operations and our corporate structure, we also have subsidiaries that have significant transactions in foreign currencies other than their functional currency. We record transaction gains and losses in our consolidated statements of operations related to the recurring remeasurement and settlement of such transactions.
To the extent practicable, we attempt to minimize this exposure by maintaining natural hedges between our current assets and current liabilities of similarly denominated foreign currencies. Additionally, as discussed above, we use foreign currency forward contracts to economically hedge certain merchant revenue exposures and in lieu of holding certain foreign currency cash for the purpose of economically hedging our foreign currency-denominated operating liabilities.
Debt Issuance Costs
We defer costs we incur to issue debt, which are presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, and amortize these costs to interest expense over the term of the debt or in circumstances where the debt can be redeemed at the option of the holders, over the term of the redemption option.
Marketing Promotions
We periodically provide incentive offers to our customers to encourage booking of travel products and services. Generally, our incentive offers are as follows:
Current Discount Offers. These promotions include dollar or percent off discounts to be applied against current purchases. We record the discounts as reduction in revenue at the date we record the corresponding revenue transaction.
Inducement Offers. These promotions include discounts granted at the time of a current purchase to be applied against a future qualifying purchase. We treat inducement offers as a reduction to revenue based on estimated future redemption rates. We allocate the discount amount at the time of the offer between the current performance obligation and the potential future performance obligations based on our expected relative value of the transactions. We estimate our redemption rates using our historical experience for similar inducement offers.
Concession Offers. These promotions include discounts to be applied against a future purchase to maintain customer satisfaction. Upon issuance, we record these concession offers as a reduction to revenue based on estimated future redemption rates. We estimate our redemption rates using our historical experience for concession offers.
Advertising Expense
We incur advertising expense consisting of offline costs, including television and print advertising, and online advertising expense to promote our brands. We expense the production costs associated with advertisements in the period in which the advertisement first takes place. We expense the costs of communicating the advertisement (e.g., television airtime) as incurred each time the advertisement is shown. For the years ended December 31, 2024, 2023 and 2022, our advertising expense was $4.0 billion, $3.8 billion and $3.9 billion.

Stock-Based Compensation
We measure and amortize the fair value of restricted stock units (“RSUs”) and stock options as follows:
Restricted Stock Units. RSUs are stock awards that are granted to employees entitling the holder to shares of common stock as the award vests, typically over a four-year period, but may accelerate in certain circumstances. We measure the value of RSUs at fair value based on the number of shares granted and the quoted price of our common stock at the date of grant. We amortize the fair value, net of actual forfeitures, as stock-based compensation expense over the vesting term generally on a straight-line basis, but at least equal to the portion of the grant-date fair value of the award that is vested at that date. In addition, we have a limited number of market-based stock units and performance-based stock units (collectively referred to as "PSUs"). For market-based awards, we calculated the fair value using a Monte Carlo valuation model. For performance-based awards, we determine the grant-date fair value to be the quoted price of our common stock at the date of grant. The fair value, net of actual forfeitures, is amortized as stock-based compensation over the vesting term, generally a two or three year period, on an accelerated basis. The number of shares that ultimately vest depends on achieving certain performance metrics or performance goals, as applicable, by the end of the performance period, assuming there is no accelerated vesting for, among other things, a termination of employment under certain circumstances. We record RSUs that may be settled by the holder in cash, rather than shares, as a liability and we remeasure these instruments at fair value at the end of each reporting period. Upon settlement of these awards, our total compensation expense recorded over the vesting period of the awards will equal the settlement amount, which is based on our stock price on the settlement date.
Stock Options. Our employee stock options consist of service based awards. We measure the value of stock options issued or modified, including unvested options assumed in acquisitions, on the grant date (or modification or acquisition dates, if applicable) at fair value, using appropriate valuation techniques, including the Black-Scholes. We amortize the fair value, net of actual forfeitures, over the remaining explicit vesting term in the case of service-based awards and the longer of the derived service period or the explicit service period for awards with market conditions on a straight-line basis. In addition, we classify certain employee option awards as liabilities when we deem it not probable that the employees holding the awards will bear the risk and rewards of stock ownership for a reasonable period of time. Such options are revalued at the end of each reporting period and upon settlement our total compensation expense recorded from grant date to settlement date will equal the settlement amount. All outstanding options are fully vested as of December 31, 2024.
Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive these awards, and subsequent events are not indicative of the reasonableness of our original estimates of fair value.
Earnings Per Share
We compute basic earnings per share by taking net income or loss attributable to Expedia Group, Inc. available to common stockholders divided by the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. Diluted earnings per share include the potential dilution that could occur from stock-based awards and other stock-based commitments (which includes our Convertible Notes) using the treasury stock or the if converted method, as applicable. For additional information on how we compute earnings per share, see NOTE 12 — Earnings Per Share.
Fair Value Recognition, Measurement and Disclosure
The carrying amounts of cash and cash equivalents and restricted cash and cash equivalents reported on our consolidated balance sheets approximate fair value as we maintain them with various high-quality financial institutions. The accounts receivable are short-term in nature and are generally settled shortly after the sale.
We disclose the fair value of our financial instruments based on the fair value hierarchy using the following three categories:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
Certain Risks and Concentrations
Our business is subject to certain risks and concentrations including dependence on relationships with travel suppliers, primarily airlines and hotels, dependence on third-party technology providers, exposure to risks associated with online commerce security and payment related fraud. We also rely on global distribution system partners and third-party service providers for certain fulfillment services.
Financial instruments, which potentially subject us to concentration of credit risk, consist primarily of cash and cash equivalents. We maintain some cash and cash equivalents balances with financial institutions that are in excess of Federal Deposit Insurance Corporation insurance limits. Our cash and cash equivalents are primarily composed of term deposits as well as bank (both interest and non-interest bearing) account balances denominated in U.S. dollars, Canadian dollar, Euros, British pound, Indian Rupee, Brazilian real, South Korean Won, Australian dollar and Japanese Yen.
Contingent Liabilities
We have a number of regulatory and legal matters outstanding, as discussed further in NOTE 15 — Commitments and Contingencies. Periodically, we review the status of all significant outstanding matters to assess the potential financial exposure. When (i) it is probable that an asset has been impaired or a liability has been incurred and (ii) the amount of the loss can be reasonably estimated, we record the estimated loss in our consolidated statements of operations. We provide disclosure in the notes to the consolidated financial statements for loss contingencies that do not meet both of these conditions if there is a reasonable possibility that a loss may have been incurred that would be material to the financial statements. Significant judgment is required to determine the probability that a liability has been incurred and whether such liability is reasonably estimable. We base accruals made on the best information available at the time which can be highly subjective. The final outcome of these matters could vary significantly from the amounts included in the accompanying consolidated financial statements.
Occupancy and Other Taxes
Some states and localities impose taxes (e.g. transient occupancy, accommodation tax, sales tax, and/or business privilege tax) on the use or occupancy of hotel accommodations or other traveler services. Generally, hotels collect taxes based on the room rate paid to the hotel and remit these taxes to the various tax authorities. When a customer books a room through one of our travel services, we collect a tax recovery charge from the customer which we pay to the hotel. We calculate the tax recovery charge by applying the applicable tax rate supplied to us by the hotels to the amount that the hotel has agreed to receive for the
rental of the room by the consumer. In most jurisdictions, we do not collect or remit taxes, nor do we pay taxes to the hotel operator on the portion of the customer payment we retain. Some jurisdictions have questioned our practice in this regard. While the applicable tax provisions vary among the jurisdictions, we generally believe that we are not required to collect and remit such taxes. A limited number of taxing jurisdictions have made similar claims against certain of our companies for tax amounts due on the rental amounts charged by owners of alternative accommodations properties or for taxes on our services. We are an intermediary between a traveler and a party renting a vacation property and we believe is similarly not liable for such taxes. We are engaged in discussions with tax authorities in various jurisdictions to resolve these issues. Some tax authorities have brought lawsuits or have levied assessments asserting that we are required to collect and remit tax. The ultimate resolution in all jurisdictions cannot be determined at this time. We have established a reserve for the potential settlement of issues related to hotel occupancy and other taxes when determined to be probable and estimable. See NOTE 15 — Commitments and Contingencies for further discussion.
Recently Adopted Accounting Policies
As of January 1, 2024, we adopted the new guidance related to the disclosure and presentation requirements of reportable segments. The new guidance requires the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit and loss. In addition, the new guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. See NOTE 17 — Segment Information for the added disclosures.
Recent Accounting Policies Not Yet Adopted
In December 2023, the Financial Accounting Standards Board ("FASB") issued new guidance to improve its income tax disclosure requirements. Under the new guidance, public business entities must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income (loss) by the applicable statutory income tax rate). The new guidance is effective for public business entities for annual periods beginning after December 15, 2024. We will incorporate the new guidance in our tax disclosures in our consolidated financial statements for the fiscal year ended December 31, 2025.
In November 2024, the FASB issued new guidance expanding disclosure requirements related to certain income statement expenses. The guidance requires tabular footnote disclosure of certain operating expenses disaggregated into categories, such as employee compensation, depreciation, and intangible asset amortization, included within each interim and annual income statement’s expense caption, as applicable. The effective date is for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. We are in the process of evaluating the impact of adopting this new guidance on our consolidated financial statement disclosures.
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Fair Value Measurements
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$113 $113 $— 
Term deposits and certificates of deposit163 — 163 
Commercial paper2 — 2 
Derivatives:
Cross-currency interest rate swaps25 — 25 
Investments:
Equity investments895 895 — 
Corporate debt securities354 — 354 
U.S. treasury securities70 — 70 
Asset-backed securities62 — 62 
Term deposits and certificates of deposit3 — 3 
U.S. agency securities8 — 8 
Non-U.S. government securities3 — 3 
Commercial paper2 — 2 
Total assets$1,700 $1,008 $692 
Liabilities
Derivatives:
Foreign currency forward contracts$2 $— $2 

Financial assets measured at fair value on a recurring basis as of December 31, 2023 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$168 $168 $— 
Term deposits71 — 71 
Derivatives:
Cross-currency interest rate swaps8 — 8 
Investments:
Term deposits28 — 28 
Equity investments584 584 — 
Total assets$859 $752 $107 
Liabilities
Derivatives:
Foreign currency forward contracts$9 $— $9 
We classify our cash equivalents and investments within Level 1 and Level 2 as we value our cash equivalents and investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Valuation of the foreign currency forward contracts is based on foreign currency exchange rates in active markets, a Level 2 input. Valuation of the cross-currency interest rate swaps is based on foreign currency exchange rates and the current interest rate curve, Level 2 inputs.
We hold term deposit investments with financial institutions. Term deposits with original maturities of less than three
months are classified as cash equivalents. Those with remaining maturities of less than one year are classified within short-term investments and those with remaining maturities of greater than one year are classified within long-term investments and other assets.
As of December 31, 2024 and 2023, our cash and cash equivalents consisted primarily of term deposits, certificates of deposits, and money market funds with maturities of three months or less and bank account balances.
We primarily invest in investment grade corporate debt securities, U.S. treasury securities, and asset-backed securities, all of which are classified as available-for-sale. As of December 31, 2024, we had $300 million of short-term and $202 million of long-term available-for-sale investments, which generally mature within four years. The amortized cost basis of the investments approximated their fair value with gross unrealized gains and gross unrealized losses of less than $1 million. We review our debt securities on a regular basis for impairment. During 2024, we did not recognize an allowance for credit-related losses on any of our investments.
We use foreign currency forward contracts to economically hedge certain merchant revenue exposures, foreign denominated liabilities related to certain of our loyalty programs and our other foreign currency-denominated operating liabilities. As of December 31, 2024, we were party to outstanding forward contracts hedging our liability exposures with a total net notional value of $3.9 billion. As of December 31, 2024 and 2023, we had net forward liability of $2 million ($42 million gross forward liability) and $9 million ($28 million gross forward liability) recorded in accrued expenses and other current liabilities. We recorded $33 million, $24 million and $66 million in net losses from foreign currency forward contracts in 2024, 2023 and 2022.
On March 2, 2022, we entered into two fixed-to-fixed cross-currency interest rate swaps with an aggregate notional amount of €300 million, and maturity dates of February 2026. The swaps were designated as net investment hedges of Euro assets with the objective to protect the U.S. dollar value of our net investments in the Euro foreign operations due to movements in foreign currency. The fair value of the cross-currency interest rate swaps was an $25 million asset as of December 31, 2024 and a $8 million asset as of December 31, 2023, recorded in long-term investments and other assets. The gain recognized in interest expense was $5 million during the years ended December 31, 2024, 2023 and 2022.
Our equity investments include our marketable equity investment in Despegar, a publicly traded company, which is included in long-term investments and other assets in our consolidated balance sheets. During the years ended December 31, 2024, 2023, and 2022, we recognized gains (losses) of approximately $94 million, $42 million and $(45) million, respectively, within other, net in our consolidated statements of operations related to the fair value changes of this equity investments.
In connection with our disposition of Egencia (our former corporate travel arm) in 2021, we became an indirect holder of minority interest in GBT JerseyCo Ltd. (“GBT”), doing business as American Express Global Business Travel, and entered into a 10-year lodging supply agreement. In May 2022, GBT completed a deSPAC business combination with Apollo Strategic Growth Capital. This combination resulted in a newly publicly traded company, Global Business Travel Group, Inc. (“GBTG”), which together with GBT’s pre-combination shareholders owned all of GBT. Post combination, we had minority ownership interest in GBT and a commensurate voting interest in GBTG. In July 2023, GBTG simplified its organizational structure, and we exchanged our previously held GBT shares for an equal number of GBTG shares with no change to our ownership interest. Our previous GBT shares were exchangeable on a 1:1 basis for GBTG shares, and as such, we valued our investment based on the GBTG’s share price. As of December 31, 2024 and 2023, we have an approximately 16% ownership interest in GBTG. During the years ended December 31, 2024, 2023, and 2022, we recognized gains (losses) of approximately $217 million, $(26) million and $(300) million within other, net in our consolidated statements of operations related to the fair value changes of this equity investment.
Assets Measured at Fair Value on a Non-recurring Basis
Our non-financial assets, such as goodwill, intangible assets and property and equipment, are adjusted to fair value when an impairment charge is recognized or the underlying investment is sold. Such fair value measurements are based predominately on Level 3 inputs. We measure our minority investments that do not have readily determinable fair values at cost less impairment, adjusted by observable price changes with changes recorded within other, net on our consolidated statements of operations.
Goodwill. During 2023, we recognized a goodwill impairment charge of $297 million related to our trivago segment. This impairment charge resulted from trivago’s strategic shift which included intensifying its brand marketing investments with an anticipated decrease in profitability. As a result, we concluded that sufficient indicators existed that to require us to perform an interim quantitative assessment of goodwill for our trivago segment as of September 30, 2023, in which we compared the fair value of the reporting unit to its carrying value. The fair value estimate for the reporting unit was based on a blended analysis of the present value of future discounted cash flows and market value approach, Level 3 inputs. The significant estimates used in the discounted cash flows model included our weighted average cost of capital, projected cash flows and the long-term rate of growth. Our assumptions were based on the actual historical performance of the reporting unit and considered the weakening of
operating results, and implied risk premiums based on market prices of our equity and debt as of the assessment date. Our significant estimates in the market approach model included identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and earnings multiples in estimating the fair value of the reporting unit. The excess of the reporting unit's carrying value over our estimate of the fair value was recorded as the goodwill impairment charge in the third quarter of 2023. As of December 31, 2023, our trivago segment had no goodwill remaining.
Intangible Assets. During 2024, we recognized intangible asset impairment charges of $147 million related to indefinite-lived trade names, of which $114 million related to our B2C segment and $33 million related to our trivago segment. The B2C indefinite-lived trade name impairment charges were recorded during the fourth quarter of 2024 as part of our annual impairment test and resulted from changes in estimated future revenues of one of our B2C brands. The trivago indefinite-lived trade name impairment charge was recognized during the third quarter of 2024 and resulted from a decline in trivago revenue in the current year as well as trivago’s share price decline, which reduced its total market capitalization relative to its net assets. These indefinite-lived trade name assets were classified as Level 3 measurements and valued using the relief-from-royalty method, which included unobservable inputs, including projected revenues, weighted average cost of capital and royalty rates. The royalty rates for our impairments in 2024 ranged from 2.5% to 4%.
During 2023, we recognized intangible asset impairment charges of $129 million related to indefinite-lived trade names that resulted from changes in estimated future revenues of the related brands, of which $114 million related to our B2C segment and $15 million related to our trivago segment. The royalty rates for our impairments ranged from 3% to 4%. During 2022, we recognized intangible impairment charges of $81 million related to an indefinite-lived trade name within our trivago segment that resulted from changes in the weighted average cost of capital.
Minority Investments without Readily Determinable Fair Values. As of December 31, 2024 and 2023, the carrying values of our minority investments without readily determinable fair values totaled $293 million and $330 million. During 2024, we sold a minority investment for $15 million and recognized an immaterial gain on the transaction. In addition, during 2024, we recorded $22 million of losses related to a minority investment, resulting from a valuation using an option pricing model that utilizes judgmental inputs such as discounts for lack of marketability and estimated exit event timing. During 2023 and 2022, we had no material gains or losses recognized related to these minority investments. As of December 31, 2024, total cumulative adjustments made to the initial cost basis of these investments included $127 million in unrealized downward adjustments (including impairments).
v3.25.0.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Our property and equipment consists of the following:
 December 31,
 20242023
 (In millions)
Capitalized software development$3,373 $3,290 
Computer equipment170 202 
Furniture and other equipment115 113 
Buildings and leasehold improvements1,227 1,222 
Land146 146 
5,031 4,973 
Less: accumulated depreciation(2,814)(2,765)
Projects in progress196 151 
Property and equipment, net$2,413 $2,359 
As of December 31, 2024 and 2023, our recorded capitalized software development costs, net of accumulated amortization, which have been placed in service were $1.1 billion and $999 million. For the years ended December 31, 2024, 2023 and 2022, we recorded amortization of capitalized software development costs of $671 million, $642 million and $597 million included in depreciation and amortization expense.
As of December 31, 2024, 2023 and 2022, we had $2 million, $5 million and $26 million, respectively, included in accounts payable for the acquisition of property and equipment, which is considered a non-cash investing activity in the consolidated statements of cash flows.
v3.25.0.1
Leases
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Leases Leases
We have operating leases for office space and data centers. Our leases have remaining lease terms of one year to 13 years, some of which include options to extend the leases for up to ten years, and some of which include options to terminate the leases within one year.
Operating lease costs were $85 million, $97 million and $99 million for the years ended December 31, 2024, 2023 and 2022, respectively.
Supplemental cash flow information related to leases were as follows:
Year ended
December 31,
202420232022
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows for operating lease payments$80 $92 $96 
Right-of-use assets obtained in exchange for lease obligations:
   Operating leases22 86 75 
Supplemental consolidated balance sheet information related to leases were as follows:
December 31, 2024December 31, 2023
(in millions)
Operating lease right-of-use assets$305 $357 
Current lease liabilities, included within Accrued expenses and other current liabilities$63 $66 
Long-term lease liabilities, included within Operating lease liabilities 265 314 
   Total operating lease liabilities$328 $380 
Weighted average remaining lease term6.2 years6.9 years
Weighted average discount rate4.2 %4.1 %
Maturities of lease liabilities are as follows:
Operating Leases
(in millions)
Year ending December 31,
2025$74 
202668 
202763 
202856 
202947 
2030 and thereafter63 
Total lease payments371 
Less: imputed interest(43)
Total$328 
v3.25.0.1
Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
The following table presents our goodwill and intangible assets as of December 31, 2024 and 2023:
 December 31,
 20242023
 (In millions)
Goodwill$6,844 $6,849 
Intangible assets with indefinite lives763 912 
Intangible assets with definite lives, net54 111 
$7,661 $7,872 
Impairment Assessments. We perform our annual assessment of possible impairment of goodwill and indefinite-lived intangible assets as of October 1, or more frequently if events and circumstances indicate that an impairment may have occurred.
During the third quarter of 2024, we recognized intangible impairment charges of $33 million related to an indefinite-lived trade name within our trivago segment that resulted from a decline in revenue in the current year as well as trivago's share price decline, which reduced its total market capitalization relative to its net assets. In addition, during our annual assessment of goodwill and intangible assets during the fourth quarter of 2024, we recognized intangible impairment charges of $114 million related to an indefinite-lived trade name within our B2C segment.
During 2023, due to a strategic shift at trivago, which included intensifying its brand marketing investments with an anticipated decrease in profitability, in addition to our annual assessment, we deemed it necessary to perform an interim assessment of goodwill and intangible assets. As a result of the assessment during the third quarter of 2023, we recognized a goodwill impairment charge of $297 million related to our trivago segment as well as intangible impairment charges of $15 million related to indefinite-lived trade name within our trivago segment. In addition, during the fourth quarter of 2023, we recognized intangible impairment charges of $114 million related to indefinite-lived trade names within our B2C segment.
During 2022, we recognized intangible impairment charges of $81 million related to an indefinite-lived trade name within our trivago segment.
Goodwill. The following table presents the changes in goodwill by reportable segment:
B2CB2BtrivagoTotal
 (In millions)
Balance as of December 31, 2022$6,433 $412 $298 $7,143 
Impairment charges— — (297)(297)
Foreign exchange translation and other3 1 (1)3 
Balance as of December 31, 20236,436 413 — 6,849 
Foreign exchange translation and other(3)(2)— (5)
Balance as of December 31, 2024$6,433 $411 $— $6,844 
As of December 31, 2024 and 2023, accumulated goodwill impairment losses in total were $3.6 billion, of which $3.0 billion was associated with our B2C segment, $537 million was associated with our trivago segment and $14 million was associated with our B2B segment.
Indefinite-lived Intangible Assets. Our indefinite-lived intangible assets relate principally to trade names and trademarks acquired in various acquisitions.
Intangible Assets with Definite Lives. The following table presents the components of our intangible assets with definite lives as of December 31, 2024 and 2023:
 December 31, 2024December 31, 2023
 CostAccumulated
Amortization		NetCostAccumulated
Amortization		Net
 (In millions)
Customer relationships$380 $(369)$11 $382 $(353)$29 
Supplier relationships475 (474)1 480 (471)9 
Domain names166 (145)21 167 (131)36 
Other648 (627)21 689 (652)37 
Total$1,669 $(1,615)$54 $1,718 $(1,607)$111 
Amortization expense was $57 million, $59 million and $88 million for the years ended December 31, 2024, 2023 and 2022. The estimated future amortization expense related to intangible assets with definite lives as of December 31, 2024, assuming no subsequent impairment of the underlying assets, is as follows, in millions:
2025$38 
202612 
20274 
Total$54 
v3.25.0.1
Debt
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt Debt
The following table sets forth our outstanding debt:
 December 31,
 20242023
 (In millions)
6.25% senior notes due 2025
$1,043 $1,039 
5.0% senior notes due 2026
749 748 
0% convertible senior notes due 2026
996 993 
4.625% senior notes due 2027
747 746 
3.8% senior notes due 2028
997 996 
3.25% senior notes due 2030
1,240 1,238 
2.95% senior notes due 2031
494 493 
         Total debt(1)
$6,266 $6,253 
Current maturities of long-term debt(1,043)— 
        Long-term debt, excluding current maturities$5,223 $6,253 
___________________________________
(1)Net of applicable discounts and debt issuance costs.
Outstanding Debt
Senior Notes Outstanding. In prior years, we issued the following senior notes, which are still outstanding as of December 31, 2024:
•Approximately $1 billion of senior unsecured notes that are due in May 2025 that bear interest at 6.25% (the “6.25% Notes”). The 6.25% Notes were issued at a price of 100% of the aggregate principal amount. Interest is payable semi-annually in arrears in May and November of each year. We may redeem some or all of the 6.25% Notes at any time prior to February 1, 2025 by paying a “make-whole” premium plus accrued and unpaid interest, if any. We may redeem some or all of the 6.25% Notes on or after February 1, 2025 at par plus accrued and unpaid interest, if any.
•$750 million of registered senior unsecured notes that are due in February 2026 that bear interest at 5.0% (the “5.0% Notes”). The 5.0% Notes were issued at 99.535% of par resulting in a discount, which is being amortized over their life. Interest is payable semi-annually in arrears in February and August of each year. We may redeem the 5.0% Notes at our option at any time in whole or from time to time in part. If we elect to redeem the 5.0% Notes prior to November 12, 2025, we may redeem them at a redemption price of 100% of the principal plus accrued interest, plus a “make-
whole” premium. If we elect to redeem the 5.0% Notes on or after November 12, 2025, we may redeem them at a redemption price of 100% of the principal plus accrued interest.
•$750 million of registered senior unsecured notes that are due in August 2027 that bear interest at 4.625% (the “4.625% Notes”). The 4.625% Notes were issued at a price of 99.997% of the aggregate principal amount. Interest is payable semi-annually in arrears in February and August of each year. We may redeem some or all of the 4.625% Notes at any time prior to May 1, 2027 by paying a “make-whole” premium plus accrued and unpaid interest, if any. We may redeem some or all of the 4.625% Notes on or after May 1, 2027 at par plus accrued and unpaid interest, if any.
•$1 billion of registered senior unsecured notes that are due in February 2028 that bear interest at 3.8% (the “3.8% Notes”). The 3.8% Notes were issued at 99.747% of par resulting in a discount, which is being amortized over their life. Interest is payable semi-annually in arrears in February and August of each year. We may redeem the 3.8% Notes at our option at any time in whole or from time to time in part. If we elect to redeem the 3.8% Notes prior to November 15, 2027, we may redeem them at a redemption price of 100% of the principal plus accrued interest, plus a “make-whole” premium. If we elect to redeem the 3.8% Notes on or after November 15, 2027, we may redeem them at a redemption price of 100% of the principal plus accrued interest.
•$1.25 billion of registered senior unsecured notes that are due in February 2030 and bear interest at 3.25% (the “3.25% Notes”). The 3.25% Notes were issued at 99.225% of par resulting in a discount, which is being amortized over their life. Interest is payable semi-annually in arrears in February and August of each year. We may redeem the 3.25% Notes at our option at any time in whole or from time to time in part. If we elect to redeem the 3.25% Notes prior to November 15, 2029, we may redeem them at a redemption price of 100% of the principal plus accrued interest, plus a “make-whole” premium. If we elect to redeem the 3.25% Notes on or after November 15, 2029, we may redeem them at a redemption price of 100% of the principal plus accrued interest.
•$500 million of senior unsecured notes that are due in March 2031 and bear interest at 2.95% (the "2.95% Notes"). The 2.95% Notes were issued at a price of 99.081% of the aggregate principal amount. Interest is payable semi-annually in arrears in March and September of each year and the interest rate is subject to adjustment based on certain ratings events. We may redeem some or all of the 2.95% Notes at any time prior to December 15, 2030 by paying a “make-whole” premium plus accrued and unpaid interest, if any. We may redeem some or all of the 2.95% Notes on or after December 15, 2030 at par plus accrued and unpaid interest, if any.
All of our outstanding senior notes (collectively the "Senior Notes") are senior unsecured obligations issued by Expedia Group and guaranteed by certain domestic Expedia Group subsidiaries. The Senior Notes rank equally in right of payment with all of our existing and future unsecured and unsubordinated obligations of Expedia Group and the guarantor subsidiaries. In addition, the Senior Notes include covenants that limit our ability to (i) create certain liens, (ii) enter into sale/leaseback transactions and (iii) merge or consolidate with or into another entity or transfer substantially all of our assets. The Senior Notes are redeemable in whole or in part, at the option of the holders thereof, upon the occurrence of certain change of control triggering events at a purchase price in cash equal to 101% of the principal plus accrued and unpaid interest. Accrued interest related to the Senior Notes was $73 million as of both December 31, 2024 and 2023.
Convertible Notes Outstanding. The net carrying amount of the Convertible Notes as of December 31, 2024 and 2023 was $996 million and $993 million, respectively, which reflects the $1 billion in principal less unamortized debt issuance costs of $4 million and $7 million, respectively. Interest expense related to the amortization of the debt issuance costs for the Convertible Notes was $3 million during both of the years ended December 31, 2024 and 2023.
The Convertible Notes are unsecured, unsubordinated obligations and rank equally in right of payment with each other and with all of our existing and future unsecured and unsubordinated obligations, including our existing senior notes. The Convertible Notes are fully and unconditionally guaranteed by the subsidiary guarantors, which include each domestic subsidiary that is a borrower under or guarantees the obligations under our existing senior secured credit agreement. So long as the guarantees are in effect, each subsidiary guarantor’s guarantee will be the unsecured, unsubordinated obligation of such subsidiary guarantor and will rank equally in right of payment with each other and with all of such subsidiary guarantor’s existing and future unsecured and unsubordinated obligations, including such subsidiary guarantor’s guarantees of our existing senior notes.
The Convertible Notes will mature on February 15, 2026, unless earlier converted, redeemed or repurchased. The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete.
The Convertible Notes have an initial conversion rate of 3.9212 shares of common stock of Expedia Group with a par value $0.0001 per share (referred to as “our common stock” herein), per $1,000 principal amount of Convertible Notes, which is equal to an initial conversion price of approximately $255.02 per share of our common stock. The conversion rate is subject to adjustment from time to time upon the occurrence of certain events, including, but not limited to, the issuance of stock
dividends and payment of cash dividends. At any time prior to the close of business on the business day immediately preceding November 15, 2025, holders may convert their Convertible Notes at their option only under the following circumstances:
• during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is equal to or greater than 130% of the conversion price then in effect on each applicable trading day;
• during the five business day period immediately after any five consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of Convertible Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day;
• if the Company calls any or all of the Convertible Notes for redemption, at any time prior to the close of business on the business day immediately prior to the redemption date, but only with respect to the Convertible Notes called for redemption (or deemed called for redemption); or
• upon the occurrence of specified corporate events.
Irrespective of the foregoing conditions, holders may convert their Convertible Notes on or after November 15, 2025 and prior to the close of business on the second scheduled trading day immediately preceding the maturity date. Additionally, upon the occurrence of a corporate event that constitutes a “make-whole fundamental change” per the indenture, or if we call the Convertible Notes for redemption, and a holder elects to convert its Convertible Notes in connection with such make-whole fundamental change or during the related redemption period, as the case may be, such holder may be entitled to an increase in the conversion rate in certain circumstances as described in the indenture. Upon conversion, holders will receive cash, shares of our common stock or a combination of cash and shares of our common stock, at our election.
Prior to the 41st scheduled trading day immediately preceding the maturity date, if the last reported sale price per share of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption, we may redeem for cash all or part of the Convertible Notes at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date, except as otherwise described in the indenture.
Estimated Fair Value. The total estimated fair value of our Senior Notes was approximately $5.1 billion as of both December 31, 2024 and 2023. Additionally, the estimated fair value of the Convertible Notes was $997 million and $953 million as of December 31, 2024 and 2023. The fair value was determined based on quoted market prices in less active markets and is categorized accordingly as Level 2 in the fair value hierarchy.
Redemption of Senior Notes
During 2022, we early redeemed all of our €650 million registered senior unsecured notes that were due June 2022 and bore interest at 2.5% (the “2.5% Notes”), all of our $500 million registered senior unsecured notes that were due December 2023 and bore interest at 3.6% (the “3.6% Notes”), and all of our $500 million registered senior unsecured notes that were due August 2024 and bore interest at 4.5% (the “4.5% Notes”), which resulted in the recognition of a loss on debt extinguishment of $24 million during the year ended December 31, 2022. This loss primarily reflected the payment of "make-whole" premiums of $20 million for the 3.6% and 4.5% Notes as well as the write-off of unamortized debt issuance costs and discounts of $4 million.
In addition, during 2022, we settled a tender offer to purchase $500 million in aggregate principal of our 2.95% Senior Notes due 2031 (the “2.95% Notes”) for an aggregate cash repurchase price of approximately $418 million, which resulted in the recognition of a net gain on debt extinguishment of $73 million. The net gain included the write-off of debt issuance costs and discounts of $8 million as well as fees of $1 million.
Credit Facility
As of December 31, 2024 and 2023, Expedia Group maintained a $2.5 billion revolving credit facility that matures in April 2027. As of December 31, 2024 and 2023, we had no revolving credit facility borrowings outstanding. Loans under the revolving credit facility bear interest at a rate equal to an index rate plus a margin (a) in the case of term benchmark loans, ranging from 1.00% to 1.75% per annum, depending on Expedia Group's credit ratings, and (b) in the case of base rate loans, ranging from 0.00% to 0.75% per annum, depending on Expedia Group's credit ratings. A fee is payable quarterly in respect of undrawn commitments under the revolving credit facility at a rate ranging from 0.10% to 0.25% per annum, depending on
Expedia Group's credit ratings. The terms of the revolving credit facility require Expedia Group to not exceed a specified maximum consolidated leverage ratio as of the end of each fiscal quarter.
The revolving credit facility has a $120 million letter of credit (“LOC”) sublimit, and the amount of LOCs issued under the facility reduced the credit amount available. As of December 31, 2024 and 2023, there was $45 million and $40 million of outstanding stand-by LOCs issued under the facility.
v3.25.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2024
Postemployment Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Our U.S. employees are generally eligible to participate in a retirement and savings plan that qualifies under Section 401(k) of the Internal Revenue Code. Participating employees may contribute up to 50% of their eligible compensation on a pre-tax and/or Roth basis. Employees may also contribute up to 10% after-tax, not to exceed 60% of pay and not more than statutory limits. Expedia Group makes matching contributions in an amount equal to 50% of participant 401(k) contributions up to the first 6% of their compensation each payroll period. Our contribution vests with the employee after the employee completes two years of service. Participating employees have the option to invest in our common stock, but there is no requirement for participating employees to invest their contribution or our matching contribution in our common stock. We also have various defined contribution plans for our international employees. Our contributions to these benefit plans were $69 million, $72 million and $63 million for the years ended December 31, 2024, 2023 and 2022.
v3.25.0.1
Stock-Based Awards and Other Equity Instruments
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Awards and Other Equity Instruments Stock-Based Awards and Other Equity Instruments
Pursuant to the Amended and Restated Expedia Group, Inc. 2005 Stock and Annual Incentive Plan, we may grant restricted stock, restricted stock awards, RSUs, stock options and other stock-based awards, such as PSUs, to directors, officers, employees and consultants. As of December 31, 2024, we had approximately nine million shares of common stock reserved for new stock-based awards under the 2005 Stock and Annual Incentive Plan. We issue new shares to satisfy the exercise or release of stock-based awards.
The following table presents a summary of RSU activity:
RSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Balance as of December 31, 20238,073 $123.24 
Granted3,927 137.27 
Vested(4,268)134.85 
Cancelled(1,020)121.65 
Balance as of December 31, 20246,712 124.31 
The following table presents a summary of PSU activity:
PSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Shares probable to be issued as of December 31, 2023277 $99.84 
Granted285 133.33 
Performance Shares Adjustment(1)
10 118.53 
Vested(37)192.05 
Cancelled(189)125.05 
Shares probable to be issued as of December 31, 2024(1)
346 99.88 
___________________________________
(1)Outcome for vested market-based awards is updated based upon achievement of certain stock price growth rate targets of the Company’s common stock. Probable outcome for unvested market-based awards is based upon achievement of certain stock price growth rate targets of the Company’s common stock as of December 31, 2024. Probable outcome for unvested performance-based awards is updated based upon changes in actual and forecasted operating results or expected achievement of performance goals, as applicable, and the impact of modifications.
The total market value of RSU and PSU shares vested during the years ended December 31, 2024, 2023 and 2022 was $578 million, $316 million and $336 million.
The following table summarizes the estimated vesting, as of December 31, 2024, of PSUs granted in 2024, 2023 and 2022,
net of forfeiture and vesting since the respective grant dates:
By Grant Year
Performance Stock Units202420232022Total Weighted Average
Grant-Date Fair
Value
(In thousands)
Shares probable to be issued— 346 — 346 $99.88 
Shares that could be issued if maximum performance thresholds are met494 346 153 993 135.45
The following table presents a summary of our stock option activity:
OptionsWeighted Average
Exercise Price		Remaining
Contractual Life		Aggregate
Intrinsic Value
 (In thousands) (In years)(In millions)
Balance as of December 31, 20233,211 $143.42 
Exercised(781)109.14 
Cancelled(38)126.34 
Balance as of December 31, 20242,392 154.61 1.6$76 
Exercisable as of December 31, 20242,392 154.61 1.676 
The aggregate intrinsic value of outstanding options shown in the stock option activity table above represents the total pretax intrinsic value at December 31, 2024, based on our closing stock price of $186.33 as of the last trading date in 2024. The total intrinsic value of stock options exercised was $33 million, $9 million and $89 million for the years ended December 31, 2024, 2023 and 2022.
There were no options granted during 2024, 2023 or 2022.
In 2024, 2023 and 2022, we recognized total stock-based compensation expense of $458 million, $413 million and $374 million. The total income tax benefit related to stock-based compensation expense was $152 million, $88 million and $106 million for 2024, 2023 and 2022. We capitalized $81 million, $71 million and $54 million of stock-based compensation expense associated with the cost of developing internal-use software in 2024, 2023 and 2022.
Cash received from stock-based award exercises for the years ended December 31, 2024, 2023 and 2022 was $67 million, $60 million and $98 million, respectively. Total current income tax benefits during the years ended December 31, 2024, 2023 and 2022 associated with the exercise of stock-based awards held by our employees were $24 million, $17 million and $17 million, respectively.
As of December 31, 2024, there was approximately $795 million of unrecognized stock-based compensation expense related to unvested stock-based awards, which is expected to be recognized in expense over a weighted-average period of 1.38 years.
Employee Stock Purchase Plan
We have an Employee Stock Purchase Plan (“ESPP”), which allows shares of our common stock to be purchased by eligible employees at three-month intervals at 85% of the fair market value of the stock on the last day of each three-month period. Eligible employees were allowed to contribute up to 15% of their base compensation. During 2024, 2023 and 2022, approximately 415,000, 442,000, and 305,000 shares were purchased under this plan for an average price of $116.91, $92.56 and $109.36 per share. As of December 31, 2024, we have reserved approximately 1.0 million shares of our common stock for issuance under the ESPP.
v3.25.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The following table summarizes our U.S. and foreign income (loss) before income taxes:
 Year Ended December 31,
 202420232022
 (In millions)
U.S.$1,280 $935 $67 
Foreign262 83 471 
Total$1,542 $1,018 $538 
Provision for Income Taxes
The following table summarizes our provision for income taxes:
 Year Ended December 31,
 202420232022
  (In millions) 
Current income tax expense:
U.S. federal$123 $128 $17 
State30 36 6 
Foreign91 104 102 
Current income tax expense244 268 125 
Deferred income tax (benefit) expense:
U.S. federal77 75 (4)
State18 (4)(2)
Foreign(21)(9)76 
Deferred income tax (benefit) expense74 62 70 
Income tax expense$318 $330 $195 

We reduced our current income tax payable by $24 million, $17 million, and $17 million for the years ended December 31, 2024, 2023 and 2022 for tax deductions attributable to stock-based compensation.
Deferred Income Taxes
As of December 31, 2024 and 2023, the significant components of our deferred tax assets and deferred tax liabilities were as follows:
 December 31,
 20242023
 (In millions)
Deferred tax assets:
Provision for accrued expenses$47 $42 
Deferred loyalty rewards217 204 
Net operating loss and tax credit carryforwards130 314 
Property and equipment25 23 
Capitalized research and development391 325 
Operating lease liabilities118 130 
Long-term investments108 168 
Other59 79 
Total deferred tax assets1,095 1,285 
Less valuation allowance(176)(244)
Net deferred tax assets$919 $1,041 
Deferred tax liabilities:
Goodwill and intangible assets(308)(345)
Anticipatory foreign tax credits(17)(16)
Operating lease ROU assets(115)(127)
Other(2)— 
Total deferred tax liabilities$(442)$(488)
Net deferred tax assets$477 $553 
As of December 31, 2024, we had state net operating loss carryforwards (“NOLs”) of approximately $229 million and foreign NOLs of approximately $272 million. State NOLs of $68 million may be carried forward indefinitely, and state NOLs of $161 million expire at various times starting from 2025. Foreign NOLs of $175 million may be carried forward indefinitely, and foreign NOLs of $97 million expire at various times starting from 2026. As of December 31, 2024, we had tax credit carryforwards of approximately $103 million, which expire at various times starting from 2038.
As of December 31, 2024, we had a valuation allowance of approximately $176 million related to capital loss carryforwards and unrealized losses on minority investments for which it is more likely than not the tax benefits will not be realized. The valuation allowance decreased by $68 million from the amount recorded as of December 31, 2023, primarily due to a decrease in the unrealized losses on minority investments. The amount of the deferred tax asset considered realizable may be adjusted if capital gains are realized or if, in certain jurisdictions, objective negative evidence in the form of cumulative GAAP losses is no longer applicable and additional weight may be given to subjective evidence such as our projections for growth.
Most of our foreign undistributed earnings have already been subject to U.S. federal income tax. We do not assert indefinite reinvestment on the undistributed earnings of our foreign subsidiaries.
Reconciliation of U.S. Federal Statutory Income Tax Rate to Effective Income Tax Rate
A reconciliation of amounts computed by applying the U.S. federal statutory income tax rate to income before income taxes to total income tax expense is as follows:
 Year Ended December 31,
 202420232022
  (In millions) 
Income tax expense at the U.S. federal statutory rate of 21%$324 $214 $113 
Foreign tax rate differential— (27)(75)
U.S. federal research and development credit(48)(52)(40)
Excess tax benefits related to stock-based compensation(7)9 (17)
Nondeductible compensation34 28 37 
Unrecognized tax benefits and related interest37 39 27 
Change in valuation allowances(67)— 77 
Return to provision true-ups2 (44)(11)
State taxes32 22 3 
Non-creditable foreign withholding tax2 3 21 
Non-deductible goodwill impairment— 92 — 
Divestitures and entity restructuring— 67 65 
Foreign-derived intangible income(28)(25)(15)
Other, net37 4 10 
Income tax expense$318 $330 $195 
Our effective tax rate for 2024 was broadly in line with the 21% U.S. federal statutory income tax rate. Our effective tax rate for 2023 was higher than the 21% U.S. federal statutory income tax rate due to a non-deductible goodwill impairment and the TripAdvisor audit assessment discussed below, partially offset by research and experimentation credits. Our effective tax rate for 2022 was higher than the 21% U.S. federal statutory income tax rate due to valuation allowances on minority investments and nondeductible compensation, partially offset by research and experimentation credits.
Unrecognized Tax Benefits and Interest
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits and interest is as follows:
202420232022
  (In millions) 
Balance, beginning of year$425 $379 $349 
Increases to tax positions related to the current year18 19 23 
Increases to tax positions related to prior years4 4 5 
Decreases to tax positions related to prior years(3)— — 
Settlements during current year(3)(1)(8)
Interest and penalties27 24 10 
Balance, end of year$468 $425 $379 
As of December 31, 2024, we had $468 million of gross unrecognized tax benefits, $239 million of which, if recognized, would affect the effective tax rate. As of December 31, 2023, we had $425 million of gross unrecognized tax benefits, $223 million of which, if recognized, would affect the effective tax rate. As of December 31, 2022, we had $379 million of gross unrecognized tax benefits, $213 million of which, if recognized, would affect the effective tax rate.
We recognize interest and penalties related to unrecognized tax benefits in the provision for income taxes in our consolidated statement of operations. Accrued interest and penalties of $117 million and $90 million were reflected in our consolidated balance sheets as of December 31, 2024 and 2023.
The Company is routinely audited by U.S. federal, state, local and foreign income tax authorities. These audits include questioning the timing and amount of income and deductions, and the allocation of income and deductions among various tax jurisdictions. The IRS is currently examining Expedia Group’s U.S. consolidated federal income tax returns for the periods ended December 31, 2011 through December 31, 2020. The Company has consented to an extension of the statute of
limitations, until June 30, 2026 for the 2011 through 2020 tax years. As of December 31, 2024, for the Expedia Group, Inc. and Subsidiaries group, statutes of limitations for tax years 2011 through 2023 remain open to examination in the U.S. federal jurisdiction and most state jurisdictions. For the HomeAway and Orbitz groups, statutes of limitations for tax years 2007 through 2015 remain open to examination in the U.S. federal and most state jurisdictions due to NOL carryforwards.
For tax years 2011 to 2013 and 2014 to 2016, the IRS issued final adjustments related to transfer pricing with our foreign subsidiaries. The 2011 to 2013 adjustments would result in federal income tax of approximately $244 million, subject to interest. The 2014 to 2016 adjustments would result in federal income tax of approximately $431 million, subject to interest. We do not agree with these adjustments and will continue to vigorously defend our position through administrative procedures. We are also under examination by the IRS for our 2017 to 2020 tax years.
On December 20, 2011, we completed a spin-off of TripAdvisor into a separate publicly-traded corporation. Pursuant to the tax sharing agreement between Expedia Group and TripAdvisor, TripAdvisor is responsible for its potential income tax liabilities in connection with any consolidated income tax returns filed as a part of Expedia Group’s consolidated income tax return prior to or in connection with the spin-off. TripAdvisor is required to indemnify Expedia Group for any such taxes, including interest, penalties, legal, and professional fees.
In 2023, TripAdvisor agreed in principle with the IRS to an assessed amount of $120 million, inclusive of interest and state tax effects, for transfer pricing adjustments with its foreign subsidiaries for the 2009 to 2011 tax years. The assessment is a tax liability for tax years when TripAdvisor was part of Expedia Group's consolidated income tax return and is covered by the indemnification pursuant to the tax sharing agreement. In May 2023, Expedia Group received from the IRS the final assessment for the 2009 through 2011 tax years related to the TripAdvisor matter. Expedia Group remitted $113 million in settlement payments to the IRS, as the primary obligor for this assessment, and received the reimbursement required from TripAdvisor in settlement of the indemnification receivable for this matter. During 2023, we recorded $67 million of additional income tax expense and a corresponding tax indemnification adjustment in other, net in our consolidated statements of operations representing the estimate of the incremental assessed payment to the IRS, including state tax effects. During 2024, we recorded an additional $6 million of income tax expense related to interest adjustments for the 2010-2011 tax years.
v3.25.0.1
Capital Stock
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Capital Stock Capital Stock
Common Stock and Class B Common Stock
Our authorized common stock consists of 1.6 billion shares of common stock with par value of $0.0001 per share, and 400 million shares of Class B common stock with par value of $0.0001 per share. Both classes of common stock qualify for and share equally in dividends, if declared by our Board of Directors, and generally vote together on all matters. Common stock is entitled to 1 vote per share and Class B common stock is entitled to 10 votes per share. Holders of common stock, voting as a single, separate class are entitled to elect 25% of the total number of directors. Class B common stockholders may, at any time, convert their shares into common stock, on a one for one share basis. Upon conversion, the Class B common stock is retired and is not available for reissue. In the event of liquidation, dissolution, distribution of assets or winding-up of Expedia Group, Inc., the holders of both classes of common stock have equal rights to receive all the assets of Expedia Group, Inc. after the rights of the holders of the preferred stock, if any, have been satisfied.
Treasury Stock
As of December 31, 2024, the Company's treasury stock was comprised of approximately 164.2 million shares of common stock and 7.3 million Class B shares. As of December 31, 2023, the Company's treasury stock was comprised of approximately 150.6 million shares of common stock and 7.3 million Class B shares.
Share Repurchases. In 2018 and 2019, the Board of Directors and the Executive Committee of the Board, pursuant to a delegation of authority from the Board, authorized a program to repurchase up to 15 million shares and 20 million shares of our common stock (the “2018 Share Repurchase Program” and the “2019 Share Repurchase Program”). In October 2023, the Executive Committee of the Board of Directors, pursuant to a delegation of authority from the Board, authorized an additional program to repurchase up to $5 billion of our common stock (“2023 Share Repurchase Program”). The 2018 and 2019 Share Repurchase Programs have been completed. Our 2023 Share Repurchase Program does not have fixed expiration dates and does not obligate the Company to acquire any specific number of shares. Under the program, shares may be repurchased in the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will be subject to the discretion of the Company and depend on a variety of factors, including the market price of Expedia Group’s common stock, general market and economic conditions, regulatory requirements and other business considerations.
Shares repurchased under the authorized programs were as follows:
 Year Ended December 31,
 202420232022
Number of shares repurchased12.1 million19.1 million5.2 million
Average price per share$133.85 $106.07 $96.09 
Total cost of repurchases (in millions)(1)
$1,616 $2,031 $500 
___________________________________
(1)Amount excludes transaction costs and the excise tax due under the Inflation Reduction Act of 2022.
As of December 31, 2024, $3.2 billion remains authorized for repurchase with no fixed termination date for the repurchases.
Accumulated Other Comprehensive Income (Loss)
The balance of accumulated OCI as of December 31, 2024 and 2023 was comprised of foreign currency translation adjustments. These translation adjustments include foreign currency transaction gains at December 31, 2024 and 2023 of $19 million ($25 million before tax) and $6 million ($8 million before tax) associated with our cross-currency interest rate swaps. Additionally, translation adjustments include foreign currency transaction losses of $7 million ($10 million before tax) as of both December 31, 2024 and 2023 associated with previously settled Euro-denominated notes that were designated as net investment hedges. See NOTE 2 — Significant Accounting Policies for more information.
Non-redeemable Non-controlling Interests
As of December 31, 2024 and 2023, our ownership interest in trivago was approximately 59.5% and 60.0%.
During 2023, trivago paid a one-time extraordinary dividend totaling approximately EUR 184 million (or approximately EUR 0.53 per share), which included intercompany payments to Expedia Group as well as $78 million to third-parties included in other, net in financing activities on the consolidated statement of cash flows.
v3.25.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic Earnings Per Share
Basic earnings per share was calculated for the years ended December 31, 2024, 2023 and 2022 using the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow.
Diluted Earnings Per Share
For the years ended December 31, 2024, 2023 and 2022, we computed diluted earnings per share using (i) the number of shares of common stock and Class B common stock used in the basic earnings per share calculation as indicated above, (ii) if dilutive, the incremental common stock that we would issue upon the assumed exercise or vesting of stock-based awards and common stock warrants using the treasury stock method, (iii) if dilutive, our Convertible Notes using the if-converted method, and (iv) other stock-based commitments.
The following table presents our basic and diluted earnings (loss) per share:
 Year Ended December 31,
 202420232022
 (In millions, except share and per share data)
Net income attributable to Expedia Group, Inc.$1,234 $797 $352 
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders:
Basic$9.39 $5.50 $2.24 
Diluted8.95 5.31 2.17 
Weighted average number of shares outstanding (000's):
Basic131,432 144,967 156,672 
Dilutive effect of:
Convertible Notes3,921 3,921 3,921 
Stock-based awards2,566 1,340 1,158 
Diluted137,919 150,228 161,751 
For the years ended December 31, 2024, 2023 and 2022, approximately 1 million, approximately 4 million and approximately 9 million of outstanding stock-based awards have been excluded from the calculations of diluted earnings per share attributable to common stockholders because their effect would have been antidilutive.
The earnings per share amounts are the same for common stock and Class B common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation.
v3.25.0.1
Restructuring and Related Reorganization Charges
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Related Reorganization Charges Restructuring and Related Reorganization Charges In February 2024, we committed to restructuring actions to recalibrate resources as most of the Company’s organizational and technological transformation is now completed, which have resulted in headcount reductions. As a result, we recognized $80 million in restructuring and related reorganization charges during 2024. The charges were predominately related to employee severance, stock-based compensation and benefit costs and approximately $10 million was included in accrued expenses and other current liabilities on our consolidated balance sheet as of December 31, 2024. Based on current plans which are subject to change, we expect reorganization charges could continue under our previously announced $80 million to $100 million plan into 2025. These costs could be higher or lower should we make additional decisions in future periods that impact our reorganization efforts.
v3.25.0.1
Other Income (Expense)
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Income (Expense) Other Income (Expense)
Other, net
The following table presents the components of other, net:
 For the Year Ended December 31,
 202420232022
 (In millions)
Foreign exchange rate losses, net$(66)$(85)$(40)
Gains (losses) on minority equity investments, net289 16 (345)
TripAdvisor tax indemnification adjustment6 67 — 
Gain on sale of businesses and investments, net5 25 6 
Total$234 $23 $(379)
During 2024, 2023 and 2022, we had no business dispositions, but we recognized miscellaneous gains related to sales of businesses in a prior year as well as a immaterial gain on the sale of a cost method investment during 2024.
v3.25.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Letters of Credit, Purchase Obligations and Guarantees
We have commitments and obligations that include purchase obligations, guarantees and LOCs, which could potentially require our payment in the event of demands by third parties or contingent events. The following table presents these commitments and obligations as of December 31, 2024:
  By Period
 TotalLess than
1  year		1 to 3
years		3 to 5
years		More than
5  years
 (In millions)
Purchase obligations$495 $252 $228 $15 $— 
Guarantees36 29 7 — — 
Letters of credit50 44 6 — — 
$581 $325 $241 $15 $— 
Our purchase obligations represent the minimum obligations we have under agreements with certain of our vendors. These minimum obligations are less than our projected use for those periods. Payments may be more than the minimum obligations based on actual use.
We have guarantees which consist primarily of bonds relating to tax assessments that we are contesting as well as bonds required by certain foreign countries’ aviation authorities for the potential non-delivery, by us, of packaged travel sold in those countries. The authorities also require that a portion of the total amount of packaged travel sold be bonded. Our guarantees also include certain surety bonds related to various company performance obligations. 
Our LOCs consist of stand-by LOCs, underwritten by a group of lenders, which we primarily issue for certain regulatory purposes as well as to certain hotel properties to secure our payment for hotel room transactions. The contractual expiration dates of these LOCs are shown in the table above. There were no material claims made against any stand-by LOCs during the years ended December 31, 2024, 2023 and 2022.
Legal Proceedings
In the ordinary course of business, we are a party to various lawsuits. Management does not expect these lawsuits to have a material impact on the liquidity, results of operations, or financial condition of Expedia Group. We also evaluate other potential contingent matters, including value-added tax, excise tax, sales tax, transient occupancy or accommodation tax and similar matters. We do not believe that the aggregate amount of liability that could be reasonably possible with respect to these matters would have a material adverse effect on our financial results; however, litigation is inherently uncertain and the actual losses incurred in the event that our legal proceedings were to result in unfavorable outcomes could have a material adverse effect on our business and financial performance.
Litigation Relating to Occupancy Taxes. One hundred three lawsuits have been filed by or against cities, counties and states involving hotel occupancy and other taxes. Two lawsuits are currently active. These lawsuits are in various stages and we continue to defend against the claims made in them vigorously. With respect to the principal claims in these matters, we believe that the statutes or ordinances at issue do not apply to us or the services we provide and, therefore, that we do not owe the taxes that are claimed to be owed. We believe that the statutes or ordinances at issue generally impose occupancy and other taxes on entities that own, operate or control hotels (or similar businesses) or furnish or provide hotel rooms or similar accommodations. To date, forty-nine of these lawsuits have been dismissed. Some of these dismissals have been without prejudice and, generally, allow the governmental entity or entities to seek administrative remedies prior to pursuing further litigation. Thirty-four dismissals were based on a finding that we and the other defendants were not subject to the local tax ordinance or that the local government lacked standing to pursue its claims. As a result of this litigation and other attempts by certain jurisdictions to levy such taxes, we have established a reserve for the potential settlement of issues related to hotel occupancy and other taxes, consistent with applicable accounting principles and in light of all current facts and circumstances, in the amount of $3 million and $46 million as of December 31, 2024 and 2023. The reserve balance decreased $43 million as of December 31, 2024 due to the favorable resolution of two cases during the year. Our settlement reserve is based on our best estimate of probable losses and the ultimate resolution of these contingencies may be greater or less than the liabilities recorded. An estimate for a reasonably possible loss or range of loss in excess of the amount reserved cannot be made. Changes to the settlement reserve are included within legal reserves, occupancy tax and other in the consolidated statements of operations.
Pay-to-Play. Certain jurisdictions may assert that we are required to pay any assessed taxes prior to being allowed to contest or litigate the applicability of the ordinances. This prepayment of contested taxes is referred to as “pay-to-play.” Payment of these amounts is not an admission that we believe we are subject to such taxes and, even when such payments are
made, we continue to defend our position vigorously. If we prevail in the litigation, for which a pay-to-play payment was made, the jurisdiction collecting the payment will be required to repay such amounts and also may be required to pay interest.
We are in various stages of inquiry or audit with various tax authorities, some of which may impose a pay-to-play requirement to challenge an adverse inquiry or audit result in court.
Matters Relating to International VAT. We are in various stages of inquiry or audit in multiple European Union jurisdictions regarding the application of VAT to our European Union related transactions. While we believe we comply with applicable VAT laws, rules and regulations in the relevant jurisdictions, the tax authorities may determine that we owe additional taxes.
During the third quarter of 2024, we entered into discussions with Italian tax authorities to resolve matters raised in an audit of the 2016 to 2022 tax years regarding the Company’s purported Italian VAT obligations. In the third quarter of 2024, we recorded a reserve for the potential settlement of these matters, consistent with applicable accounting principles and in light of facts and circumstances at that time, in the amount of $92 million. While we continue to believe Expedia Group is compliant with Italian tax laws, on November 21, 2024, we reached an agreement with the Italian tax authorities and paid $71 million for tax years 2016 to 2022. We are in ongoing discussions with the Italian tax authorities to resolve VAT claims related to subsequent years. In the fourth quarter of 2024, we increased the legal reserve by $15 million. Our settlement reserve is based on our best estimate and the ultimate resolution of these contingencies may be greater or less than the liabilities recorded. Changes to this settlement reserve are included within legal reserves, occupancy tax and other in the consolidated statements of operations.
In certain jurisdictions, including the United Kingdom and Italy, we may be required to “pay-to-play” any VAT assessment prior to contesting its validity. While we believe that we will be successful based on the merits of our positions with regard to audits in pay-to-play jurisdictions, it is nevertheless reasonably possible that we could be required to pay any assessed amounts in order to contest or litigate the applicability of any assessments and an estimate for a reasonably possible amount of any such payments cannot be made.
Competition and Consumer Matters. On August 23, 2018, the Australian Competition and Consumer Commission, or "ACCC", instituted proceedings in the Australian Federal Court against trivago. The ACCC alleged breaches of Australian Consumer Law, or "ACL," relating to trivago’s advertisements in Australia concerning the hotel prices available on trivago’s Australian site, trivago’s strike-through pricing practice and other aspects of the way offers for accommodation were displayed on trivago's Australian website. On January 20, 2020, the Australian Federal Court issued a judgment finding trivago had engaged in conduct in breach of the ACL. On October 18 and 19, 2021, the court heard submissions from the parties regarding penalties and other orders. On April 22, 2022, the Australian Federal Court issued a judgment ordering trivago to pay a penalty of AU$44.7 million, which was paid in the second quarter of 2022, and to cover the ACCC’s costs arising from the proceedings. The court also enjoined trivago from engaging in misleading conduct of the type found by the Australian Federal Court to be in contravention of the ACL. We recorded an estimated loss of approximately $11 million with respect to these proceedings in a previous period and an additional loss of approximately $23 million during the first quarter of 2022, for a total of approximately $34 million previously included in accrued expenses and other current liabilities as of March 31, 2022.
v3.25.0.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
IAC Inc.
The Company and IAC are related parties because Mr. Diller serves as Chairman and Senior Executive of both Expedia Group and IAC. At December 31, 2024, each of Expedia Group and IAC has a 50% ownership interest in two aircraft that may be used by both companies. Members of the aircraft flight crews are employed by an entity in which the Company and IAC each have a 50% ownership interest. The Company and IAC have agreed to share costs relating to flight crew compensation and benefits pro-rata according to each company’s respective usage of the aircraft, for which they are separately billed by the entity described above. We share equally in fixed and nonrecurring costs for the aircraft; direct operating costs are pro-rated based on actual usage. Another aircraft that had previously been jointly-owned by the companies was sold in November 2022, with each company receiving 50% of the $19 million in net sale proceeds.
In addition, we have agreements pursuant to which we may use additional aircraft owned by a subsidiary of IAC on a cost basis. Total payments made to this entity by the Company were not material.
As of December 31, 2024 and 2023, the net basis in our ownership interest in the aircrafts then jointly-owned was $40 million and $43 million, respectively, recorded in long-term investments and other assets. In 2024, 2023 and 2022, operating and maintenance costs paid directly to the jointly-owned subsidiary for the aircraft were not material.
v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We have the following reportable segments: B2C, B2B, and trivago. Our B2C segment provides a full range of travel and advertising services to our worldwide customers through a variety of consumer brands including: Expedia.com, Hotels.com, Vrbo, Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com. Our B2B segment fuels a wide range of travel and non-travel companies including airlines, offline travel agents, online retailers, corporate travel management and financial institutions, who leverage our leading travel technology and tap into our diverse supply to augment their offerings and market Expedia Group rates and availabilities to their travelers. Our trivago segment generates advertising revenue primarily from sending referrals to online travel companies and travel service providers from its hotel metasearch websites.
Our chief operating decision makers ("CODMs") are our Chief Executive Officer and our Chairman. We determined our operating segments based on how our chief operating decision makers manage our business, make operating decisions and evaluate operating performance. Our primary operating metric is Adjusted EBITDA. Adjusted EBITDA for our B2C and B2B segments includes allocations of certain expenses, primarily related to our global travel supply organization and the majority of costs from our product and technology platform, as well as facility costs and the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant lodging revenue. We base the allocations primarily on transaction volumes and other usage metrics. We do not allocate certain shared expenses such as accounting, human resources, certain information technology and legal to our reportable segments. We include these expenses in Corporate and Eliminations. Our allocation methodology is periodically evaluated and may change.
Our CODMs use Adjusted EBITDA to allocate resources for each segment predominantly in the annual budget and forecasting process. The CODMs consider budget-to-actual variances on a monthly basis using Adjusted EBITDA when making decisions about allocating capital and personnel to the segments. The CODMs also use Adjusted EBITDA to assess the performance for each segment and in the compensation of certain employees.
Our segment disclosure includes intersegment revenues, which primarily consist of advertising and media services provided by our trivago segment to our B2C segment. These intersegment transactions are recorded by each segment at amounts that approximate fair value as if the transactions were between third parties, and therefore, impact segment performance. However, the revenue and corresponding expense are eliminated in consolidation. The elimination of such intersegment transactions is included within Corporate and Eliminations in the table below.
Corporate and Eliminations also includes unallocated corporate functions and expenses. In addition, we record amortization of intangible assets and any related impairment, as well as stock-based compensation expense, restructuring and related reorganization charges, legal reserves, occupancy tax and other, and other items excluded from segment operating performance in Corporate and Eliminations. Such amounts are detailed in our segment reconciliation below.
The following tables present our segment information for 2024, 2023 and 2022. As a significant portion of our property and equipment is not allocated to our operating segments and depreciation is not included in our segment measure, we do not report the assets by segment as it would not be meaningful. We do not regularly provide such information to our chief operating decision makers.
 Year ended December 31, 2024
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$9,274 $4,102 $315 $— $13,691 
Intersegment revenue— — 184 (184)— 
Revenue$9,274 $4,102 $499 $(184)$13,691 
Less: (1)
Cost of revenue1,296 117 16 
Selling and marketing - direct4,157 2,489 384 (184)
Other segment items (2)
1,387 468 88 539 
Adjusted EBITDA$2,434 $1,028 $11 $(539)$2,934 
Depreciation(526)(145)(5)(105)(781)
Amortization of intangible assets— — — (57)(57)
Impairment of intangible assets— — — (147)(147)
Stock-based compensation— — — (458)(458)
Legal reserves, occupancy tax and other— — — (118)(118)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (72)(72)
Realized (gain) loss on revenue hedges22 (4)— — 18 
Operating income (loss)$1,930 $879 $6 $(1,496)1,319 
Other income, net223 
Income before income taxes1,542 
Provision for income taxes(318)
Net income1,224 
Net loss attributable to non-controlling interests10 
Net income attributable to Expedia Group, Inc.$1,234 
 Year ended December 31, 2023
 B2CB2BtrivagoCorporate & EliminationsTotal
 (In millions)
Third-party revenue$9,113 $3,388 $338 $— $12,839 
Intersegment revenue— — 187 (187)— 
Revenue$9,113 $3,388 $525 $(187)$12,839 
Less: (1)
Cost of revenue1,375 163 17 
Selling and marketing - direct3,944 1,990 360 (187)
Other segment items (2)
1,469 437 92 499 
Adjusted EBITDA$2,325 $798 $56 $(499)$2,680 
Depreciation(526)(113)(5)(104)(748)
Amortization of intangible assets— — — (59)(59)
Impairment of goodwill— — — (297)(297)
Impairment of intangible assets— — — (129)(129)
Stock-based compensation— — — (413)(413)
Legal reserves, occupancy tax and other— — — (8)(8)
Realized (gain) loss on revenue hedges11 (4)— — 7 
Operating income (loss)$1,810 $681 $51 $(1,509)1,033 
Other expense, net(15)
Income before income taxes1,018 
Provision for income taxes(330)
Net income688 
Net loss attributable to non-controlling interests109 
Net income attributable to Expedia Group, Inc.$797 
 Year ended December 31, 2022
 B2CB2BtrivagoCorporate & EliminationsTotal
 (In millions)
Third-party revenue$8,741 $2,546 $380 $— $11,667 
Intersegment revenue— — 181 (181)— 
Revenue$8,741 $2,546 $561 $(181)$11,667 
Less: (1)
Cost of revenue1,381 243 17 
Selling and marketing - direct3,886 1,381 342 (181)
Other segment items (2)
1,350 323 89 487 
Adjusted EBITDA$2,124 $599 $113 $(487)$2,349 
Depreciation(509)(85)(8)(102)(704)
Amortization of intangible assets— — — (88)(88)
Impairment of intangible assets— — — (81)(81)
Stock-based compensation— — — (374)(374)
Legal reserves, occupancy tax and other— — — (23)(23)
Realized (gain) loss on revenue hedges2 4 — — 6 
Operating income (loss)$1,617 $518 $105 $(1,155)1,085 
Other expense, net(547)
Income before income taxes538 
Provision for income taxes(195)
Net income343 
Net loss attributable to non-controlling interests9 
Net income attributable to Expedia Group, Inc.$352 
___________________________________

(1)     The significant expense categories and amounts align with the segment-level information that is regularly provided to    the CODMs, exclusive of stock-based compensation. Intersegment expenses are included within the amounts shown.
(2)     Other segment items for each reportable segment primarily includes selling and marketing - indirect, technology and content and general and administrative expenses as well as the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant lodging revenue for our B2C and B2B segments.
Revenue by Business Model and Service Type
The following table presents revenue by business model and service type for the years ended December 31, 2024, 2023 and 2022:
Year Ended December 31,
202420232022
(In millions)
Business Model
Merchant$9,439 $8,818 $7,762 
Agency3,169 3,075 2,994 
Advertising, media and other1,083 946 911 
Total revenue
$13,691 $12,839 $11,667 
Service Type
Lodging$10,950 $10,264 $8,905 
Air428 410 362 
Advertising and media954 821 777 
Other(1)
1,359 1,344 1,623 
Total revenue
$13,691 $12,839 $11,667 
___________________________________

(1)Other includes car rental, insurance, activities, and cruise, among other revenue streams, none of which are individually material.
Our B2C and B2B segments generate revenue from the merchant, agency and advertising, media and other business models as well as all service types. trivago segment revenue is generated through advertising and media.

Geographic Information
The following table presents revenue by geographic area, the United States and all other countries, based on the geographic location of our websites or points of sale with the exception of trivago, which has all been allocated to Germany, the location of its corporate headquarters, for the years ended December 31, 2024, 2023 and 2022. No sales to an individual country other than the United States accounted for more than 10% of revenue for the presented years.
 Year Ended December 31,
 202420232022
 (In millions)
Revenue
United States$8,372 $8,147 $7,939 
All other countries5,319 4,692 3,728 
$13,691 $12,839 $11,667 
The following table presents property and equipment, net for the United States and all other countries, as of December 31, 2024 and 2023:
 As of December 31,
 20242023
 (In millions)
Property and equipment, net
United States$2,355 $2,289 
All other countries58 70 
$2,413 $2,359 
v3.25.0.1
Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts Valuation and Qualifying Accounts
The following table presents the changes in our valuation and qualifying accounts. Other reserves primarily include our accrual of the cost associated with purchases made on our website related to the use of fraudulent credit cards “charged-back” due to payment disputes and cancellation fees as well as refund reserves in 2022 primarily due to COVID impacts.
DescriptionBalance at
Beginning of
Period		Charges to
Earnings
Charges to
Other
Accounts(1)
DeductionsBalance at End
of Period
 (In millions)
2024
Allowance for expected credit losses$46 $36 $(27)$— $55 
Other reserves22 5 (6)— 21 
2023
Allowance for expected credit losses$40 $33 $(27)$— $46 
Other reserves29 1 (8)— 22 
2022
Allowance for expected credit losses$65 $20 $(3)$(42)$40 
Other reserves64 (28)(4)(3)29 
___________________________________
(1)Charges to other accounts primarily relates to amounts acquired through acquisitions or disposed of through sales of businesses, net translation adjustments and reclassifications.
v3.25.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events
NOTE 19 — Subsequent Events
On January 24, 2025, Expedia Group provided notice that we would redeem all of our approximately $1.0 billion in 6.25% Senior Notes due 2025 with a stated redemption date of February 8, 2025.
On February 3, 2025, the Board of Directors approved the reinstatement of quarterly common stock dividends, and on February 4, 2025, the Executive Committee, acting on behalf of the Board of Directors, declared a quarterly cash dividend of $0.40 per share of outstanding common stock payable on March 27, 2025 to stockholders of record as of the close of business on March 6, 2025.
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net income attributable to Expedia Group, Inc. $ 1,234 $ 797 $ 352
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.0.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.0.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] Risk Assessment and Management. The Company’s cybersecurity risk management program is based on industry standard information security principles and best practices, specifically the NIST Cybersecurity Framework and the Payment Card Industry Data Security Standard ("PCI DSS"). The program encompasses all Company directly-managed brands, entities, and internal organizations other than its publicly-traded trivago subsidiary, which has its own standalone cybersecurity risk management program, and uses a proactive approach to regularly identify and assess cybersecurity threats, vulnerabilities and risks, and to evaluate the effectiveness of implemented security controls through internal audits, external threat intelligence, and periodic external independent assessments. Risks identified and assessed through the cybersecurity risk management program are then communicated to the Company’s senior leadership team and used to prioritize risks based on their potential impact and likelihood as part of the Company’s dynamic risk response strategy.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The Company’s Board of Directors (the “Board”) recognizes that safeguarding the Company’s data, information systems, and technology assets is critical to maintaining the trust and confidence of the Company’s travelers, business partners and employees. The Board actively exercises oversight of the Company’s technological infrastructure, information security and its cybersecurity, which are key components of the Company’s risk management program. The Company’s cybersecurity policies, standards, processes and programs are integrated into its risk management program and are based on industry standard frameworks established by the National Institute of Standards and Technology ("NIST") and the International Organization for Standardization, among others, as well as on evolving best practices.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Board, in coordination with the Audit Committee, oversees the Company’s risk management program, which includes risks arising from cybersecurity threats. The Audit Committee regularly receives presentations and reports from both Company management and third-parties, as appropriate, that address a wide range of topics related to cybersecurity risks, including evolving standards, third-party and independent reviews, threat environment updates, technology trends and information security considerations arising with respect to the Company’s peers and partners. The Company’s CSO and/or the Company’s CTO regularly meet with the Audit Committee (and, where appropriate, the full Board) to discuss technology, information security and cybersecurity programs, progress updates on the Company's key cybersecurity initiatives and related priorities and controls. At least annually, the Audit Committee and the full Board receive a comprehensive written report covering the Company's cybersecurity program and associated risks, and any changes made to the program since the previous report. Additionally, the Audit Committee is promptly apprised of any cybersecurity incident that meets established reporting thresholds, and receives ongoing updates regarding any such incident until it has been resolved. At each regularly scheduled Board meeting, the Audit Committee Chair provides the full Board with an update on all significant matters discussed, reviewed, considered and approved by the committee since the last regularly scheduled Board meeting.
The Company’s CSO, in coordination with the Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), CTO, and Chief Legal Officer (“CLO”), works collaboratively across the Company to implement and monitor a program designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s cybersecurity incident response plan and its security policy. To facilitate the success of the Company’s cybersecurity risk management program, multidisciplinary teams throughout the Company are deployed to address cybersecurity threats and to respond to cybersecurity incidents. Through ongoing communications with these teams, the CSO, the CTO and other executive leadership team members are informed about and monitor the prevention, detection, mitigation and remediation of cybersecurity threats and incidents in real time, and report risks from cybersecurity threats and cybersecurity incidents to the Audit Committee when appropriate.
The Company’s prior Chief Security Officer departed in late 2024 and the CSO function is currently overseen by two co-CSOs on an interim basis until a permanent successor is appointed. Each of the co-CSOs has over 30 years of relevant experience in a variety of sectors, including travel, fintech, and e-commerce. One co-CSO has held Chief Information Security Officer, Chief Information Officer and Chief Security Officer roles at multiple multinational public companies, leading enterprise-wide cybersecurity strategies and risk management programs; he holds a Master's degree in Security and Risk Management. The other co-CSO has served as Chief Technology Officer and Chief Information Officer at several multinational public companies, where he has driven digital transformation initiatives, technology modernization efforts, and secure platform development; he holds a Bachelor's degree in Computer Information Systems. The Company’s CTO has over 20 years of experience, including leading global technology teams focused on developing secure, large-scale platforms, implementing advanced data security measures, and mitigating risks across complex technological ecosystems. He holds a Bachelor’s degree in Technology and a Master’s degree in Technology. The Company’s CEO, CFO and CLO each hold undergraduate and graduate degrees in their respective fields, and each have extensive experience managing risks at the Company and at similar companies, including risks arising from cybersecurity threats.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Board, in coordination with the Audit Committee, oversees the Company’s risk management program, which includes risks arising from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee regularly receives presentations and reports from both Company management and third-parties, as appropriate, that address a wide range of topics related to cybersecurity risks, including evolving standards, third-party and independent reviews, threat environment updates, technology trends and information security considerations arising with respect to the Company’s peers and partners. The Company’s CSO and/or the Company’s CTO regularly meet with the Audit Committee (and, where appropriate, the full Board) to discuss technology, information security and cybersecurity programs, progress updates on the Company's key cybersecurity initiatives and related priorities and controls. At least annually, the Audit Committee and the full Board receive a comprehensive written report covering the Company's cybersecurity program and associated risks, and any changes made to the program since the previous report. Additionally, the Audit Committee is promptly apprised of any cybersecurity incident that meets established reporting thresholds, and receives ongoing updates regarding any such incident until it has been resolved. At each regularly scheduled Board meeting, the Audit Committee Chair provides the full Board with an update on all significant matters discussed, reviewed, considered and approved by the committee since the last regularly scheduled Board meeting.
Cybersecurity Risk Role of Management [Text Block] The Company’s CSO, in coordination with the Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), CTO, and Chief Legal Officer (“CLO”), works collaboratively across the Company to implement and monitor a program designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s cybersecurity incident response plan and its security policy
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]
The Company’s CSO, in coordination with the Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”), CTO, and Chief Legal Officer (“CLO”), works collaboratively across the Company to implement and monitor a program designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s cybersecurity incident response plan and its security policy. To facilitate the success of the Company’s cybersecurity risk management program, multidisciplinary teams throughout the Company are deployed to address cybersecurity threats and to respond to cybersecurity incidents. Through ongoing communications with these teams, the CSO, the CTO and other executive leadership team members are informed about and monitor the prevention, detection, mitigation and remediation of cybersecurity threats and incidents in real time, and report risks from cybersecurity threats and cybersecurity incidents to the Audit Committee when appropriate.
The Company’s prior Chief Security Officer departed in late 2024 and the CSO function is currently overseen by two co-CSOs on an interim basis until a permanent successor is appointed. Each of the co-CSOs has over 30 years of relevant experience in a variety of sectors, including travel, fintech, and e-commerce. One co-CSO has held Chief Information Security Officer, Chief Information Officer and Chief Security Officer roles at multiple multinational public companies, leading enterprise-wide cybersecurity strategies and risk management programs; he holds a Master's degree in Security and Risk Management. The other co-CSO has served as Chief Technology Officer and Chief Information Officer at several multinational public companies, where he has driven digital transformation initiatives, technology modernization efforts, and secure platform development; he holds a Bachelor's degree in Computer Information Systems. The Company’s CTO has over 20 years of experience, including leading global technology teams focused on developing secure, large-scale platforms, implementing advanced data security measures, and mitigating risks across complex technological ecosystems. He holds a Bachelor’s degree in Technology and a Master’s degree in Technology.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Each of the co-CSOs has over 30 years of relevant experience in a variety of sectors, including travel, fintech, and e-commerce. One co-CSO has held Chief Information Security Officer, Chief Information Officer and Chief Security Officer roles at multiple multinational public companies, leading enterprise-wide cybersecurity strategies and risk management programs; he holds a Master's degree in Security and Risk Management. The other co-CSO has served as Chief Technology Officer and Chief Information Officer at several multinational public companies, where he has driven digital transformation initiatives, technology modernization efforts, and secure platform development; he holds a Bachelor's degree in Computer Information Systems. The Company’s CTO has over 20 years of experience, including leading global technology teams focused on developing secure, large-scale platforms, implementing advanced data security measures, and mitigating risks across complex technological ecosystems. He holds a Bachelor’s degree in Technology and a Master’s degree in Technology. The Company’s CEO, CFO and CLO each hold undergraduate and graduate degrees in their respective fields, and each have extensive experience managing risks at the Company and at similar companies, including risks arising from cybersecurity threats.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Audit Committee regularly receives presentations and reports from both Company management and third-parties, as appropriate, that address a wide range of topics related to cybersecurity risks, including evolving standards, third-party and independent reviews, threat environment updates, technology trends and information security considerations arising with respect to the Company’s peers and partners. The Company’s CSO and/or the Company’s CTO regularly meet with the Audit Committee (and, where appropriate, the full Board) to discuss technology, information security and cybersecurity programs, progress updates on the Company's key cybersecurity initiatives and related priorities and controls. At least annually, the Audit Committee and the full Board receive a comprehensive written report covering the Company's cybersecurity program and associated risks, and any changes made to the program since the previous report. Additionally, the Audit Committee is promptly apprised of any cybersecurity incident that meets established reporting thresholds, and receives ongoing updates regarding any such incident until it has been resolved. At each regularly scheduled Board meeting, the Audit Committee Chair provides the full Board with an update on all significant matters discussed, reviewed, considered and approved by the committee since the last regularly scheduled Board meeting.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying consolidated financial statements include Expedia Group, Inc., our wholly-owned subsidiaries, and entities we control, or in which we have a variable interest and are the primary beneficiary of expected cash profits or losses. We record our investments in entities that we do not control, but over which we have the ability to exercise significant influence, using the equity method or at fair value. We have eliminated significant intercompany transactions and accounts.
We believe that the assumptions underlying our consolidated financial statements are reasonable. However, these consolidated financial statements do not present our future financial position, the results of our future operations and cash flows.
Seasonality
Seasonality
We generally experience seasonal fluctuations in the demand for our travel services. For example, traditional leisure travel bookings are generally the highest in the first three quarters as travelers plan and book their spring, summer and winter holiday travel. The number of bookings typically decreases in the fourth quarter. Since revenue for most of our travel services, including merchant and agency hotel, is recognized as the travel takes place rather than when it is booked, revenue typically lags bookings by several weeks for our hotel business and can be several months or more for our alternative accommodations business. Historically, Vrbo has seen seasonally stronger bookings in the first quarter of the year, with the relevant stays occurring during the peak summer travel months. The seasonal revenue impact is exacerbated with respect to income by the nature of our variable cost of revenue and direct sales and marketing costs, which we typically realize in closer alignment to booking volumes, and the more stable nature of our fixed costs. As a result on a consolidated basis, revenue and income are typically the lowest in the first quarter and highest in the third quarter.
Consolidation
Consolidation
Our consolidated financial statements include the accounts of Expedia Group, Inc., our wholly-owned subsidiaries, and entities for which we control a majority of the entity’s outstanding common stock. We record non-controlling interest in our consolidated financial statements to recognize the minority ownership interest in our consolidated subsidiaries. Non-controlling interest in the earnings and losses of consolidated subsidiaries represent the share of net income or loss allocated to members or partners in our consolidated entities. trivago is a separately listed company on the Nasdaq Global Select Market and, therefore, is subject to its own reporting and filing requirements, which could result in possible differences that are not expected to be material to Expedia Group, Inc.
We have eliminated significant intercompany transactions and accounts in our consolidated financial statements.
Accounting Estimates
Accounting Estimates
We use estimates and assumptions in the preparation of our consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”). Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our consolidated financial statements include revenue recognition; recoverability of current and long-lived assets, intangible assets and goodwill; income and transactional taxes, such as potential settlements related to occupancy and excise taxes; loss contingencies; deferred loyalty rewards; stock-based compensation; accounting for derivative instruments and provisions for credit losses, and chargebacks.
Reclassifications
Reclassifications
We have reclassified prior period financial statements to conform to the current period presentation.
Revenue Recognition
Revenue Recognition
We recognize revenue upon transfer of control of our promised services in an amount that reflects the consideration we expect to be entitled to in exchange for those services.
For our primary transaction-based revenue sources, discussed below, we have determined net presentation (that is, the amount billed to a traveler less the amount paid to a supplier) is appropriate for the majority of our revenue transactions as the supplier is primarily responsible for providing the underlying travel services and we do not control the service provided by the supplier to the traveler. We exclude all taxes assessed by a government authority, if any, from the measurement of transaction prices that are imposed on our travel related services or collected by the Company from customers (which are therefore excluded from revenue).
We offer traditional travel services on a stand-alone and package basis generally either through the merchant or the agency business model.
Under the merchant model, we facilitate the booking of hotel rooms, alternative accommodations, airline seats, car rentals and destination services from our travel suppliers and we are the merchant of record for such bookings.
Under the agency model, we pass reservations booked by the traveler to the relevant travel supplier and the travel supplier serves as the merchant of record for such bookings. We receive commissions or ticketing fees from the travel supplier and/or traveler. For certain agency airline, hotel and car transactions, we also receive fees through global distribution systems (“GDS”) that provide the computer systems through which the travel supplier inventory is made available and through which reservations are booked.
Under the advertising model, we offer travel and non-travel advertisers access to a potential source of incremental traffic and transactions through our various media and advertising offerings on trivago and our transaction-based websites.
In addition, Vrbo also provides subscription-based listing and other ancillary services to property owners and managers.
The nature of our travel booking service performance obligations vary based on the travel service with differences primarily related to the degree to which we provide post booking services to the traveler and the timing when rights and obligations are triggered in our underlying supplier agreements. We consider both the traveler and travel supplier as our customers.
Refer to NOTE 17 — Segment Information for revenue by business model and service type.
Lodging. Our lodging revenue is comprised of revenue recognized under the merchant, agency and Vrbo subscription-based listing services model.
Merchant Hotel. We provide travelers access to book hotel room reservations through our contracts with lodging suppliers, which provide us with rates and availability information for rooms but for which we have no control over the rooms and do not bear inventory risk. Our travelers pay us for merchant hotel transactions prior to departing on their trip, generally when they book the reservation. We record the payment in deferred merchant bookings until the stayed night occurs, at which point we recognize the revenue, net of amounts paid to suppliers, as this is when our performance obligation is satisfied. Payments to suppliers are generally due within 30 days of check-in or stay. In certain instances when a supplier invoices us for less than the cost we accrued, we generally reduce our merchant accounts payable and the supplier costs within net revenue six months in arrears, net of an allowance, when we determine it is not probable that we will be required to pay the supplier, based on historical experience. Cancellation fees are collected and remitted to the supplier, if applicable.
Agency Hotel. We generally record agency revenue from the hotel when the stayed night occurs as we provide post booking services to the traveler and, thus consider the stay as when our performance obligation is satisfied. We record an allowance for cancellations on this revenue based on historical experience.
Merchant and Agency Vrbo Alternative Accommodations. Vrbo's lodging revenue is generally earned on a pay-per-booking basis, which can be either merchant or agency bookings depending on the nature of the payment processor. Pay-per-booking arrangements are commission-based where rental property owners and managers bear the inventory risk, have latitude in setting the price and compensate Vrbo for facilitating bookings with travelers. Under pay-per-booking arrangements, each booking is a separate contract as listings are typically cancelable at any time and the related revenue, net of amounts paid to property owners, is recognized at check in, which is the point in time when our service to the traveler is complete. Vrbo also charges a traveler service fee at the time of booking. The service fee charged to travelers provides compensation for Vrbo's services, including but not limited to the use of Vrbo's website and a “Book with Confidence Guarantee” providing travelers with comprehensive payment protection and 24/7 traveler support. The performance obligation is to facilitate the booking of a property and assist travelers up to their check in process and, as such, the traveler service fee revenue is recognized at check-in.
Subscription-based Listing Services. To a lesser extent, Vrbo's lodging revenue is also earned on a pay-per-subscription basis. In pay-per-subscription contracts, property owners or managers purchase in advance online advertising services related to the listing of their properties for rent over a fixed term (typically one year). As the performance obligation is the listing service and is provided to the property owner or manager over the life of the listing period, the pay-per-subscription revenue is recognized on a straight-line basis over the listing period.
Merchant and Agency Air. We record revenue on air transactions when the traveler books the transaction, as we do not typically provide significant post booking services to the traveler and payments due to and from air carriers are typically due at the time of ticketing. We record a reserve for chargebacks and cancellations at the time of the transaction based on historical experience. In certain transactions, the GDS collects commissions from our suppliers and passes these commissions to us, net of their fees. Therefore, we view payments through the GDS as commissions from suppliers and record these commissions in net revenue. Fees paid to the GDS as compensation for their role in processing transactions are recorded as cost of revenue.
Advertising and Media. We record revenue from click-through fees charged to our travel partners for leads sent to the travel partners’ websites. We record revenue from click-through fees after the traveler makes the click-through to the related travel partners’ websites. We record revenue for advertising placements ratably over the advertising period or upon delivery of advertising impressions, depending on the terms of the contract. Payments from advertisers are generally due within 30 days of invoicing.
Other. Other primarily includes transaction revenue for booking services related to products such as car, cruise and destination services under the agency business model. We generally record the related revenue when the travel occurs, as in most cases we provide post booking services and this is when our performance obligation is complete. Additionally, no rights or obligations are triggered in our supplier agreements until the travel occurs. We record an allowance for cancellations on this revenue based on historical experience. Revenue from other ancillary alternative accommodation services or products are recorded either upon delivery or when we provide the service. In addition, other also includes travel insurance products primarily under the merchant model, for which revenue is recorded at the time the transaction is booked.
Packages. Packages assembled by travelers through the packaging functionality on our websites generally include a merchant hotel component and some combination of an air, car or destination services component. The individual package components are accounted for as separate performance obligations and recognized in accordance with our revenue recognition policies stated above.
Prepaid Merchant Bookings. We classify payments made to suppliers in advance of Vrbo performance obligations as prepaid merchant bookings included within prepaid and other current assets.Deferred Merchant Bookings. We classify cash payments received in advance of our performance obligations as deferred merchant bookings. Travelers enrolled in our internally administered traveler loyalty rewards programs earn rewards for each eligible booking made which can be redeemed for free or discounted future bookings. One Key allows members to earn OneKeyCash, the currency of the One Key program, on eligible hotels, alternative accommodations, activities, packages, car rentals, flights and cruises made on the U.S. and U.K. points of sale on Brand Expedia, Hotels.com and Vrbo. Hotels.com Rewards continues to be offered outside the U.S. and U.K. and offers travelers one free night at any Hotels.com partner property after that traveler stays 10 nights, subject to certain restrictions. Expedia Rewards also continues to be offered outside the U.S. and U.K. and enables participating travelers to earn points on all hotel, flight, package and activities made on various international Brand Expedia websites. As travelers accumulate rewards towards free travel products, we defer the relative standalone selling price of earned rewards, net of expected breakage, as deferred loyalty rewards within deferred merchant bookings on the consolidated balance sheet. In order to estimate the standalone selling price of the underlying services on which rewards can be redeemed for all loyalty programs, we use an adjusted market assessment approach and consider the redemption values expected from the traveler. We then estimate the number of rewards that will not be redeemed based on historical activity in our members' accounts as well as statistical modeling techniques. Revenue is recognized when we have satisfied our performance obligation relating to the rewards, that is when the travel service purchased with the loyalty award is satisfied. The majority of rewards expected to be redeemed are recognized within one to two years of being earned.Deferred Revenue. Deferred revenue primarily consists of unearned subscription revenue as well as deferred advertising revenue.
Practical Expedients and Exemptions. We have used the portfolio approach to account for our loyalty points as the rewards programs share similar characteristics within each program in relation to the value provided to the traveler and their breakage patterns. Using this portfolio approach is not expected to differ materially from applying the guidance to individual contracts. However, we will continue to assess and refine, if necessary, how a portfolio within each rewards program is defined.
We do not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed.
Cash, Restricted Cash, and Cash Equivalents
Cash, Restricted Cash, and Cash Equivalents
Our cash and cash equivalents include cash and liquid financial instruments, including term deposit investments, certificates of deposits, and money market funds with maturities of three months or less when purchased. Restricted cash includes cash and cash equivalents that is restricted through legal contracts, regulations or our intention to use the cash for a specific purpose. Our restricted cash primarily relates to certain traveler deposits and, to a lesser extent, collateral for office leases.
Short-term and Long-term Investments
Short-term and Long-term Investments
We determine the appropriate classification of our investments in marketable securities at the time of purchase and reevaluate such designation at each balance sheet date. Investments, other than minority equity investments, classified as available-for-sale are recorded at fair value with unrealized holding gains and losses recorded, net of tax, as a component of accumulated other comprehensive income ("OCI"). Realized gains and losses from the sale of available-for-sale investments, if any, are determined on a specific identification basis. We review our available-for-sale securities on a regular basis for impairment. For available-for-sale securities in unrealized loss positions, we determine whether any portion of the decline in fair value below the amortized cost basis is due to credit-related factors if we neither intend to sell nor anticipate that it is more likely than not that we will be required to sell prior to recovery of the amortized cost basis. We consider factors such as the extent to which the market value has been less than the cost, any noted failure of the issuer to make scheduled payments, changes to the rating of the security and other relevant credit-related factors in determining whether or not a credit loss exists. Investments with remaining maturities of less than one year are classified within short-term investments. All other investments are classified within long-term investments and other assets.
Minority equity investments with either readily determinable fair values, or for which we have elected to apply the fair value option, are measured at fair value on a recurring basis with changes in fair value recorded through net income or loss. Minority investments without readily determinable fair values, for which we have not elected to measure at fair value, are measured using the equity method, or measured at cost with observable price changes reflected through net income or loss. We perform a qualitative assessment on a quarterly basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. Changes in value of minority equity investments are recorded in other income (expense), net.
Accounts Receivable
Accounts Receivable
Accounts receivable are generally due within thirty days and are recorded net of an allowance for expected uncollectible amounts. We consider accounts outstanding longer than the contractual payment terms as past due. The risk characteristics we generally review when analyzing our accounts receivable pools primarily include the type of receivable (for example, credit card vs hotel collect), collection terms and historical or expected credit loss patterns. For each pool, we make estimates of expected credit losses for our allowance by considering a number of factors, including the length of time trade accounts receivable are past due, previous loss history continually updated for new collections data, the credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions and other factors that may affect our ability to collect from customers. The provision for estimated credit losses is recorded as cost of revenue in our consolidated statements of operations.
Property and Equipment
Property and Equipment
We record property and equipment at cost, net of accumulated depreciation and amortization. We also capitalize certain costs incurred related to the development of internal use software. We capitalize costs incurred during the application development stage related to the development of internal use software. We expense costs incurred related to the planning and post-implementation phases of development as incurred.
We compute depreciation using the straight-line method over the estimated useful lives of the assets, which is three to five years for computer equipment, capitalized software development and furniture and other equipment, 15 years for land improvements, and 40 years for buildings, which includes our corporate headquarters. Land is not depreciated. We amortize leasehold improvement using the straight-line method, over the shorter of the estimated useful life of the improvement or the remaining term of the lease.
We establish assets and liabilities for the present value of estimated future costs to return certain of our leased facilities to their original condition under the authoritative accounting guidance for asset retirement obligations. Such assets are depreciated over the lease period into operating expense, and the recorded liabilities are accreted to the future value of the estimated restoration costs.
Leases
Leases
We determine if an arrangement is a lease at inception. Operating leases are primarily for office space and data centers and are included in operating lease right-of-use ("ROU") assets, accrued expenses and other current liabilities, and operating lease liabilities on our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
For operating leases with a term of one year or less, we have elected to not recognize a lease liability or ROU asset on our consolidated balance sheet. Instead, we recognize the lease payments as expense on a straight-line basis over the lease term. Short-term lease costs are immaterial to our consolidated statements of operations and cash flows.
We have office space and data center lease agreements with insignificant non-lease components and have elected the practical expedient to combine and account for lease and non-lease components as a single lease component.
Business Combinations
Business Combinations
We assign the value of the consideration transferred to acquire a business to the tangible assets and identifiable intangible assets acquired and liabilities assumed on the basis of their fair values at the date of acquisition. Any excess purchase price over the fair value of the net tangible and intangible assets acquired is allocated to goodwill. When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Critical estimates in valuing certain intangible assets include but are not limited to future expected cash flows from customer relationships and trade names, and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Any changes to provisional amounts identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined.
Recoverability of Goodwill and Indefinite-Lived Intangible Assets
Recoverability of Goodwill and Indefinite-Lived Intangible Assets
Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination as of the acquisition date. We assess goodwill and indefinite-lived intangible assets, neither of which is amortized, for impairment annually as of October 1, or more frequently, if events and circumstances indicate impairment may have occurred. In the evaluation of goodwill for impairment, we typically perform a quantitative assessment and compare the fair value of the reporting unit to the carrying value. An impairment charge is recorded based on the excess of the reporting unit's carrying amount over its fair value. Periodically, we may choose to perform a qualitative assessment, prior to performing the quantitative analysis, to determine whether the fair value of the goodwill is more likely than not impaired.
We generally base our measurement of fair value of reporting units on a blended analysis of the present value of future discounted cash flows and market valuation approach. The discounted cash flows model indicates the fair value of the reporting units based on the present value of the cash flows that we expect the reporting units to generate in the future. Our significant
estimates in the discounted cash flows model include: our weighted average cost of capital; long-term rate of growth and profitability of our business; and working capital effects. The market valuation approach indicates the fair value of the business based on a comparison of the Company to comparable publicly traded firms in similar lines of business. Our significant estimates in the market approach model include identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and operating income multiples in estimating the fair value of the reporting units.
We believe the weighted use of discounted cash flows and market approach is the best method for determining the fair value of our reporting units because these are the most common valuation methodologies used within the travel and internet industries; and the blended use of both models compensates for the inherent risks associated with either model if used on a stand-alone basis.
In addition to measuring the fair value of our reporting units as described above, we consider the combined carrying and fair values of our reporting units in relation to the Company’s total fair value of equity plus debt as of the assessment date. Our equity value assumes our fully diluted market capitalization, using either the stock price on the valuation date or the average stock price over a range of dates around the valuation date, plus an estimated acquisition premium which is based on observable transactions of comparable companies. The debt value is based on the highest value expected to be paid to repurchase the debt, which can be fair value, principal or principal plus a premium depending on the terms of each debt instrument.
In our evaluation of our indefinite-lived intangible assets, we typically first perform a quantitative assessment and an impairment charge is recorded for the excess of the carrying value of indefinite-lived intangible assets over their fair value, if necessary. We base our measurement of fair value of indefinite-lived intangible assets, which primarily consist of trade name and trademarks, using the relief-from-royalty method. This method assumes that the trade name and trademarks have value to the extent that their owner is relieved of the obligation to pay royalties for the benefits received from them. As with goodwill, periodically, we may choose to perform a qualitative assessment, prior to performing the quantitative analysis, to determine whether the fair value of the indefinite-lived intangible asset is more likely than not impaired.
Recoverability of Intangible Assets with Definite Lives and Other Long-Lived Assets
Recoverability of Intangible Assets with Definite Lives and Other Long-Lived Assets
Intangible assets with definite lives and other long-lived assets are carried at cost and are amortized on a straight-line basis over their estimated useful lives of one to ten years. We review the carrying value of long-lived assets or asset groups, including property and equipment, to be used in operations whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Factors that would necessitate an impairment assessment include a significant adverse change in the extent or manner in which an asset is used, a significant adverse change in legal factors or the business climate that could affect the value of the asset, or a significant decline in the observable market value of an asset, among others. If such facts indicate a potential impairment, we would assess the recoverability of an asset group by determining if the carrying value of the asset group exceeds the sum of the projected undiscounted cash flows expected to result from the use and eventual disposition of the assets over the remaining economic life of the primary asset in the asset group. If the recoverability test indicates that the carrying value of the asset group is not recoverable, we will estimate the fair value of the asset group using appropriate valuation methodologies which would typically include an estimate of discounted cash flows. Any impairment would be measured as the difference between the asset groups carrying amount and its estimated fair value.
Assets held for sale, to the extent we have any, are reported at the lower of cost or fair value less costs to sell.
Income Taxes
Income Taxes
We record income taxes under the liability method. Deferred tax assets and liabilities reflect our estimation of the future tax consequences of temporary differences between the financial statement carrying amounts and the tax bases of assets and liabilities. Deferred tax assets and liabilities for each temporary difference are recorded based on the enacted tax rates expected to be in effect when we realize the underlying items of income and expense.
We consider many factors when assessing the likelihood of future realization of our deferred tax assets, including recent earnings by jurisdiction, expectations of future taxable income, the tax attribute carryforward periods, as well as other relevant factors. We may record a valuation allowance to reduce deferred tax assets to the amount we believe is more likely than not to be realized. Due to inherent complexities arising from the nature of our businesses, future changes in income tax law, tax sharing agreements or variances between our actual and anticipated operating results, we must make certain judgments and estimates. Therefore, actual income taxes could materially vary from these estimates. All deferred income taxes are classified as long-term on our consolidated balance sheets.
We account for uncertain tax positions based on a two-step process of evaluating recognition and measurement criteria. The first step assesses whether the tax position is more likely than not to be sustained upon examination by the tax authority, including resolution of any appeals or litigation, based on the technical merits of the position. If the tax position meets the more
likely than not criteria, the tax benefit greater than 50% likely to be realized upon settlement with the tax authority is recognized in the financial statements.
We recognize interest and penalties related to unrecognized tax benefits in the income tax expense line in our consolidated statement of operations. Accrued interest and penalties are included in other long-term liabilities on the consolidated balance sheet.
In relation to tax effects for accumulated OCI, our policy is to release the tax effects of amounts reclassified from accumulated OCI to pre-tax income (loss) from continuing operations. Any remaining tax effect in accumulated OCI is released following a portfolio approach.
We account for the global intangible low-tax income earned by our foreign subsidiaries included in gross U.S. taxable income in the period incurred.
Derivative Instruments
Derivative Instruments
Derivative instruments are carried at fair value on our consolidated balance sheets. The fair values of the derivative financial instruments generally represent the estimated amounts we would expect to receive or pay upon termination of the contracts as of the reporting date.
At December 31, 2024 and 2023, our derivative instruments primarily consisted of foreign currency forward contracts. We use foreign currency forward contracts to economically hedge certain merchant revenue exposures, foreign denominated liabilities related to certain of our loyalty programs and our other foreign currency-denominated operating liabilities. Our goal in managing our foreign exchange risk is to reduce, to the extent practicable, our potential exposure to the changes that exchange rates might have on our earnings, cash flows and financial position. Our foreign currency forward contracts are typically short-term and, as they do not qualify for hedge accounting treatment, we classify the changes in their fair value in other, net and present associated cash flows within investing activities on the statement of cash flows. We do not hold or issue financial instruments for speculative or trading purposes.
Until their redemption in March 2022, the aggregate principal value of our €650 million of registered senior unsecured notes that bore interest at 2.5% (the “2.5% Notes”) was designated as a hedge of our net investment in certain Euro-functional currency subsidiaries. In March 2022, we redeemed the 2.5% Notes and terminated the related hedging relationship. The currency translation adjustment amounts associated with the net investment hedge of the 2.5% Notes will remain in accumulated OCI until realized upon a full or partial sale or liquidation of applicable Euro-functional currency subsidiaries.
In March 2022, we entered into two fixed-to-fixed cross-currency interest rate swaps (the “swaps”) with an aggregate notional amount of €300 million. During the term of each contract, we receive interest payments in U.S. dollars at a fixed rate of 5% and make interest payments in Euros at an average fixed rate of 3.38% based on a notional amount and fixed interest rates determined at contract inception. The swaps were designated as a hedge of our net investment in certain Euro functional currency subsidiaries. Hedge effectiveness is assessed each quarter based on the net investment in the foreign subsidiaries designated as the hedged item and the changes in the fair value of the designated interest rate swaps based on spot rates. For hedges that meet the effectiveness requirements, changes in fair value are recorded as accumulated OCI within the foreign currency translation adjustment. Amounts excluded from hedge effectiveness at inception are recognized as interest accrues within interest expense. The maturity date of both swaps is February 2026, whereby, we will receive U.S. dollars from and pay Euros to the contract counterparties.
Foreign Currency Translation and Transaction Gains and Losses
Foreign Currency Translation and Transaction Gains and Losses
Certain of our operations outside of the United States use the related local currency as their functional currency. We translate revenue and expense at average rates of exchange during the period. We translate assets and liabilities at the rates of exchange as of the consolidated balance sheet dates and include foreign currency translation gains and losses as a component of accumulated OCI. Due to the nature of our operations and our corporate structure, we also have subsidiaries that have significant transactions in foreign currencies other than their functional currency. We record transaction gains and losses in our consolidated statements of operations related to the recurring remeasurement and settlement of such transactions.
To the extent practicable, we attempt to minimize this exposure by maintaining natural hedges between our current assets and current liabilities of similarly denominated foreign currencies. Additionally, as discussed above, we use foreign currency forward contracts to economically hedge certain merchant revenue exposures and in lieu of holding certain foreign currency cash for the purpose of economically hedging our foreign currency-denominated operating liabilities.
Debt Issuance Costs
Debt Issuance Costs
We defer costs we incur to issue debt, which are presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, and amortize these costs to interest expense over the term of the debt or in circumstances where the debt can be redeemed at the option of the holders, over the term of the redemption option.
Marketing Promotions
Marketing Promotions
We periodically provide incentive offers to our customers to encourage booking of travel products and services. Generally, our incentive offers are as follows:
Current Discount Offers. These promotions include dollar or percent off discounts to be applied against current purchases. We record the discounts as reduction in revenue at the date we record the corresponding revenue transaction.
Inducement Offers. These promotions include discounts granted at the time of a current purchase to be applied against a future qualifying purchase. We treat inducement offers as a reduction to revenue based on estimated future redemption rates. We allocate the discount amount at the time of the offer between the current performance obligation and the potential future performance obligations based on our expected relative value of the transactions. We estimate our redemption rates using our historical experience for similar inducement offers.
Concession Offers. These promotions include discounts to be applied against a future purchase to maintain customer satisfaction. Upon issuance, we record these concession offers as a reduction to revenue based on estimated future redemption rates. We estimate our redemption rates using our historical experience for concession offers.
Advertising Expense
Advertising Expense
We incur advertising expense consisting of offline costs, including television and print advertising, and online advertising expense to promote our brands. We expense the production costs associated with advertisements in the period in which the advertisement first takes place. We expense the costs of communicating the advertisement (e.g., television airtime) as incurred each time the advertisement is shown.
Stock-Based Compensation
Stock-Based Compensation
We measure and amortize the fair value of restricted stock units (“RSUs”) and stock options as follows:
Restricted Stock Units. RSUs are stock awards that are granted to employees entitling the holder to shares of common stock as the award vests, typically over a four-year period, but may accelerate in certain circumstances. We measure the value of RSUs at fair value based on the number of shares granted and the quoted price of our common stock at the date of grant. We amortize the fair value, net of actual forfeitures, as stock-based compensation expense over the vesting term generally on a straight-line basis, but at least equal to the portion of the grant-date fair value of the award that is vested at that date. In addition, we have a limited number of market-based stock units and performance-based stock units (collectively referred to as "PSUs"). For market-based awards, we calculated the fair value using a Monte Carlo valuation model. For performance-based awards, we determine the grant-date fair value to be the quoted price of our common stock at the date of grant. The fair value, net of actual forfeitures, is amortized as stock-based compensation over the vesting term, generally a two or three year period, on an accelerated basis. The number of shares that ultimately vest depends on achieving certain performance metrics or performance goals, as applicable, by the end of the performance period, assuming there is no accelerated vesting for, among other things, a termination of employment under certain circumstances. We record RSUs that may be settled by the holder in cash, rather than shares, as a liability and we remeasure these instruments at fair value at the end of each reporting period. Upon settlement of these awards, our total compensation expense recorded over the vesting period of the awards will equal the settlement amount, which is based on our stock price on the settlement date.
Stock Options. Our employee stock options consist of service based awards. We measure the value of stock options issued or modified, including unvested options assumed in acquisitions, on the grant date (or modification or acquisition dates, if applicable) at fair value, using appropriate valuation techniques, including the Black-Scholes. We amortize the fair value, net of actual forfeitures, over the remaining explicit vesting term in the case of service-based awards and the longer of the derived service period or the explicit service period for awards with market conditions on a straight-line basis. In addition, we classify certain employee option awards as liabilities when we deem it not probable that the employees holding the awards will bear the risk and rewards of stock ownership for a reasonable period of time. Such options are revalued at the end of each reporting period and upon settlement our total compensation expense recorded from grant date to settlement date will equal the settlement amount. All outstanding options are fully vested as of December 31, 2024.
Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive these awards, and subsequent events are not indicative of the reasonableness of our original estimates of fair value.
Earnings Per Share
Earnings Per Share
We compute basic earnings per share by taking net income or loss attributable to Expedia Group, Inc. available to common stockholders divided by the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. Diluted earnings per share include the potential dilution that could occur from stock-based awards and other stock-based commitments (which includes our Convertible Notes) using the treasury stock or the if converted method, as applicable. For additional information on how we compute earnings per share, see NOTE 12 — Earnings Per Share.
Fair Value Recognition, Measurement and Disclosure
Fair Value Recognition, Measurement and Disclosure
The carrying amounts of cash and cash equivalents and restricted cash and cash equivalents reported on our consolidated balance sheets approximate fair value as we maintain them with various high-quality financial institutions. The accounts receivable are short-term in nature and are generally settled shortly after the sale.
We disclose the fair value of our financial instruments based on the fair value hierarchy using the following three categories:
Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.
Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
Level 3 — Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.
Certain Risks and Concentrations
Certain Risks and Concentrations
Our business is subject to certain risks and concentrations including dependence on relationships with travel suppliers, primarily airlines and hotels, dependence on third-party technology providers, exposure to risks associated with online commerce security and payment related fraud. We also rely on global distribution system partners and third-party service providers for certain fulfillment services.
Financial instruments, which potentially subject us to concentration of credit risk, consist primarily of cash and cash equivalents. We maintain some cash and cash equivalents balances with financial institutions that are in excess of Federal Deposit Insurance Corporation insurance limits. Our cash and cash equivalents are primarily composed of term deposits as well as bank (both interest and non-interest bearing) account balances denominated in U.S. dollars, Canadian dollar, Euros, British pound, Indian Rupee, Brazilian real, South Korean Won, Australian dollar and Japanese Yen.
Contingent Liabilities
Contingent Liabilities
We have a number of regulatory and legal matters outstanding, as discussed further in NOTE 15 — Commitments and Contingencies. Periodically, we review the status of all significant outstanding matters to assess the potential financial exposure. When (i) it is probable that an asset has been impaired or a liability has been incurred and (ii) the amount of the loss can be reasonably estimated, we record the estimated loss in our consolidated statements of operations. We provide disclosure in the notes to the consolidated financial statements for loss contingencies that do not meet both of these conditions if there is a reasonable possibility that a loss may have been incurred that would be material to the financial statements. Significant judgment is required to determine the probability that a liability has been incurred and whether such liability is reasonably estimable. We base accruals made on the best information available at the time which can be highly subjective. The final outcome of these matters could vary significantly from the amounts included in the accompanying consolidated financial statements.
Occupancy and Other Taxes
Occupancy and Other Taxes
Some states and localities impose taxes (e.g. transient occupancy, accommodation tax, sales tax, and/or business privilege tax) on the use or occupancy of hotel accommodations or other traveler services. Generally, hotels collect taxes based on the room rate paid to the hotel and remit these taxes to the various tax authorities. When a customer books a room through one of our travel services, we collect a tax recovery charge from the customer which we pay to the hotel. We calculate the tax recovery charge by applying the applicable tax rate supplied to us by the hotels to the amount that the hotel has agreed to receive for the
rental of the room by the consumer. In most jurisdictions, we do not collect or remit taxes, nor do we pay taxes to the hotel operator on the portion of the customer payment we retain. Some jurisdictions have questioned our practice in this regard. While the applicable tax provisions vary among the jurisdictions, we generally believe that we are not required to collect and remit such taxes. A limited number of taxing jurisdictions have made similar claims against certain of our companies for tax amounts due on the rental amounts charged by owners of alternative accommodations properties or for taxes on our services. We are an intermediary between a traveler and a party renting a vacation property and we believe is similarly not liable for such taxes. We are engaged in discussions with tax authorities in various jurisdictions to resolve these issues. Some tax authorities have brought lawsuits or have levied assessments asserting that we are required to collect and remit tax. The ultimate resolution in all jurisdictions cannot be determined at this time. We have established a reserve for the potential settlement of issues related to hotel occupancy and other taxes when determined to be probable and estimable. See NOTE 15 — Commitments and Contingencies for further discussion.
Recently Adopted Accounting Policies and Recent Accounting Policies Not Yet Adopted
Recently Adopted Accounting Policies
As of January 1, 2024, we adopted the new guidance related to the disclosure and presentation requirements of reportable segments. The new guidance requires the disclosure of significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit and loss. In addition, the new guidance enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment, and contains other disclosure requirements. See NOTE 17 — Segment Information for the added disclosures.
Recent Accounting Policies Not Yet Adopted
In December 2023, the Financial Accounting Standards Board ("FASB") issued new guidance to improve its income tax disclosure requirements. Under the new guidance, public business entities must annually (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income (loss) by the applicable statutory income tax rate). The new guidance is effective for public business entities for annual periods beginning after December 15, 2024. We will incorporate the new guidance in our tax disclosures in our consolidated financial statements for the fiscal year ended December 31, 2025.
In November 2024, the FASB issued new guidance expanding disclosure requirements related to certain income statement expenses. The guidance requires tabular footnote disclosure of certain operating expenses disaggregated into categories, such as employee compensation, depreciation, and intangible asset amortization, included within each interim and annual income statement’s expense caption, as applicable. The effective date is for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. We are in the process of evaluating the impact of adopting this new guidance on our consolidated financial statement disclosures.
Fair Value Measurements
We classify our cash equivalents and investments within Level 1 and Level 2 as we value our cash equivalents and investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Valuation of the foreign currency forward contracts is based on foreign currency exchange rates in active markets, a Level 2 input. Valuation of the cross-currency interest rate swaps is based on foreign currency exchange rates and the current interest rate curve, Level 2 inputs.
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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents The following table reconciles cash, cash equivalents and restricted cash reported in our consolidated balance sheets to the total amount presented in our consolidated statements of cash flows:
December 31,
20242023
(in millions)
Cash and cash equivalents$4,183 $4,225 
Restricted cash and cash equivalents1,391 1,436 
Total cash, cash equivalents and restricted cash and cash equivalents in the consolidated statements of cash flows$5,574 $5,661 
Schedule of Restrictions on Cash and Cash Equivalents The following table reconciles cash, cash equivalents and restricted cash reported in our consolidated balance sheets to the total amount presented in our consolidated statements of cash flows:
December 31,
20242023
(in millions)
Cash and cash equivalents$4,183 $4,225 
Restricted cash and cash equivalents1,391 1,436 
Total cash, cash equivalents and restricted cash and cash equivalents in the consolidated statements of cash flows$5,574 $5,661 
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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$113 $113 $— 
Term deposits and certificates of deposit163 — 163 
Commercial paper2 — 2 
Derivatives:
Cross-currency interest rate swaps25 — 25 
Investments:
Equity investments895 895 — 
Corporate debt securities354 — 354 
U.S. treasury securities70 — 70 
Asset-backed securities62 — 62 
Term deposits and certificates of deposit3 — 3 
U.S. agency securities8 — 8 
Non-U.S. government securities3 — 3 
Commercial paper2 — 2 
Total assets$1,700 $1,008 $692 
Liabilities
Derivatives:
Foreign currency forward contracts$2 $— $2 

Financial assets measured at fair value on a recurring basis as of December 31, 2023 are classified using the fair value hierarchy in the table below:
TotalLevel 1Level 2
 (In millions)
Assets
Cash equivalents:
Money market funds$168 $168 $— 
Term deposits71 — 71 
Derivatives:
Cross-currency interest rate swaps8 — 8 
Investments:
Term deposits28 — 28 
Equity investments584 584 — 
Total assets$859 $752 $107 
Liabilities
Derivatives:
Foreign currency forward contracts$9 $— $9 
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Property and Equipment, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net
Our property and equipment consists of the following:
 December 31,
 20242023
 (In millions)
Capitalized software development$3,373 $3,290 
Computer equipment170 202 
Furniture and other equipment115 113 
Buildings and leasehold improvements1,227 1,222 
Land146 146 
5,031 4,973 
Less: accumulated depreciation(2,814)(2,765)
Projects in progress196 151 
Property and equipment, net$2,413 $2,359 
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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Supplemental Cash Flow Information
Supplemental cash flow information related to leases were as follows:
Year ended
December 31,
202420232022
(In millions)
Cash paid for amounts included in the measurement of lease liabilities:
   Operating cash flows for operating lease payments$80 $92 $96 
Right-of-use assets obtained in exchange for lease obligations:
   Operating leases22 86 75 
Schedule of Supplemental Consolidated Balance Sheet Information
Supplemental consolidated balance sheet information related to leases were as follows:
December 31, 2024December 31, 2023
(in millions)
Operating lease right-of-use assets$305 $357 
Current lease liabilities, included within Accrued expenses and other current liabilities$63 $66 
Long-term lease liabilities, included within Operating lease liabilities 265 314 
   Total operating lease liabilities$328 $380 
Weighted average remaining lease term6.2 years6.9 years
Weighted average discount rate4.2 %4.1 %
Schedule of Maturities of Lease Liabilities
Maturities of lease liabilities are as follows:
Operating Leases
(in millions)
Year ending December 31,
2025$74 
202668 
202763 
202856 
202947 
2030 and thereafter63 
Total lease payments371 
Less: imputed interest(43)
Total$328 
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Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets
The following table presents our goodwill and intangible assets as of December 31, 2024 and 2023:
 December 31,
 20242023
 (In millions)
Goodwill$6,844 $6,849 
Intangible assets with indefinite lives763 912 
Intangible assets with definite lives, net54 111 
$7,661 $7,872 
Schedule of Changes in Goodwill by Reportable Segment The following table presents the changes in goodwill by reportable segment:
B2CB2BtrivagoTotal
 (In millions)
Balance as of December 31, 2022$6,433 $412 $298 $7,143 
Impairment charges— — (297)(297)
Foreign exchange translation and other3 1 (1)3 
Balance as of December 31, 20236,436 413 — 6,849 
Foreign exchange translation and other(3)(2)— (5)
Balance as of December 31, 2024$6,433 $411 $— $6,844 
Schedule of Intangible Assets with Definite Lives The following table presents the components of our intangible assets with definite lives as of December 31, 2024 and 2023:
 December 31, 2024December 31, 2023
 CostAccumulated
Amortization		NetCostAccumulated
Amortization		Net
 (In millions)
Customer relationships$380 $(369)$11 $382 $(353)$29 
Supplier relationships475 (474)1 480 (471)9 
Domain names166 (145)21 167 (131)36 
Other648 (627)21 689 (652)37 
Total$1,669 $(1,615)$54 $1,718 $(1,607)$111 
Schedule of Estimated Future Amortization Expense Related to Intangible Assets The estimated future amortization expense related to intangible assets with definite lives as of December 31, 2024, assuming no subsequent impairment of the underlying assets, is as follows, in millions:
2025$38 
202612 
20274 
Total$54 
v3.25.0.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long Term Debt Outstanding
The following table sets forth our outstanding debt:
 December 31,
 20242023
 (In millions)
6.25% senior notes due 2025
$1,043 $1,039 
5.0% senior notes due 2026
749 748 
0% convertible senior notes due 2026
996 993 
4.625% senior notes due 2027
747 746 
3.8% senior notes due 2028
997 996 
3.25% senior notes due 2030
1,240 1,238 
2.95% senior notes due 2031
494 493 
         Total debt(1)
$6,266 $6,253 
Current maturities of long-term debt(1,043)— 
        Long-term debt, excluding current maturities$5,223 $6,253 
___________________________________
(1)Net of applicable discounts and debt issuance costs.
v3.25.0.1
Stock-Based Awards and Other Equity Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The following table presents a summary of RSU activity:
RSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Balance as of December 31, 20238,073 $123.24 
Granted3,927 137.27 
Vested(4,268)134.85 
Cancelled(1,020)121.65 
Balance as of December 31, 20246,712 124.31 
The following table presents a summary of PSU activity:
PSUsWeighted Average
Grant-Date Fair
Value
 (In thousands) 
Shares probable to be issued as of December 31, 2023277 $99.84 
Granted285 133.33 
Performance Shares Adjustment(1)
10 118.53 
Vested(37)192.05 
Cancelled(189)125.05 
Shares probable to be issued as of December 31, 2024(1)
346 99.88 
___________________________________
(1)Outcome for vested market-based awards is updated based upon achievement of certain stock price growth rate targets of the Company’s common stock. Probable outcome for unvested market-based awards is based upon achievement of certain stock price growth rate targets of the Company’s common stock as of December 31, 2024. Probable outcome for unvested performance-based awards is updated based upon changes in actual and forecasted operating results or expected achievement of performance goals, as applicable, and the impact of modifications.
The following table summarizes the estimated vesting, as of December 31, 2024, of PSUs granted in 2024, 2023 and 2022,
net of forfeiture and vesting since the respective grant dates:
By Grant Year
Performance Stock Units202420232022Total Weighted Average
Grant-Date Fair
Value
(In thousands)
Shares probable to be issued— 346 — 346 $99.88 
Shares that could be issued if maximum performance thresholds are met494 346 153 993 135.45
Schedule of Stock Option Activity
The following table presents a summary of our stock option activity:
OptionsWeighted Average
Exercise Price		Remaining
Contractual Life		Aggregate
Intrinsic Value
 (In thousands) (In years)(In millions)
Balance as of December 31, 20233,211 $143.42 
Exercised(781)109.14 
Cancelled(38)126.34 
Balance as of December 31, 20242,392 154.61 1.6$76 
Exercisable as of December 31, 20242,392 154.61 1.676 
v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Income (Loss) Before Income Taxes
The following table summarizes our U.S. and foreign income (loss) before income taxes:
 Year Ended December 31,
 202420232022
 (In millions)
U.S.$1,280 $935 $67 
Foreign262 83 471 
Total$1,542 $1,018 $538 
Schedule of Income Tax Expense
The following table summarizes our provision for income taxes:
 Year Ended December 31,
 202420232022
  (In millions) 
Current income tax expense:
U.S. federal$123 $128 $17 
State30 36 6 
Foreign91 104 102 
Current income tax expense244 268 125 
Deferred income tax (benefit) expense:
U.S. federal77 75 (4)
State18 (4)(2)
Foreign(21)(9)76 
Deferred income tax (benefit) expense74 62 70 
Income tax expense$318 $330 $195 
Schedule of Deferred Tax Assets and Deferred Tax Liabilities
As of December 31, 2024 and 2023, the significant components of our deferred tax assets and deferred tax liabilities were as follows:
 December 31,
 20242023
 (In millions)
Deferred tax assets:
Provision for accrued expenses$47 $42 
Deferred loyalty rewards217 204 
Net operating loss and tax credit carryforwards130 314 
Property and equipment25 23 
Capitalized research and development391 325 
Operating lease liabilities118 130 
Long-term investments108 168 
Other59 79 
Total deferred tax assets1,095 1,285 
Less valuation allowance(176)(244)
Net deferred tax assets$919 $1,041 
Deferred tax liabilities:
Goodwill and intangible assets(308)(345)
Anticipatory foreign tax credits(17)(16)
Operating lease ROU assets(115)(127)
Other(2)— 
Total deferred tax liabilities$(442)$(488)
Net deferred tax assets$477 $553 
Schedule of Statutory Federal Income Tax Rate to Income from Continuing Operations before Income Taxes
A reconciliation of amounts computed by applying the U.S. federal statutory income tax rate to income before income taxes to total income tax expense is as follows:
 Year Ended December 31,
 202420232022
  (In millions) 
Income tax expense at the U.S. federal statutory rate of 21%$324 $214 $113 
Foreign tax rate differential— (27)(75)
U.S. federal research and development credit(48)(52)(40)
Excess tax benefits related to stock-based compensation(7)9 (17)
Nondeductible compensation34 28 37 
Unrecognized tax benefits and related interest37 39 27 
Change in valuation allowances(67)— 77 
Return to provision true-ups2 (44)(11)
State taxes32 22 3 
Non-creditable foreign withholding tax2 3 21 
Non-deductible goodwill impairment— 92 — 
Divestitures and entity restructuring— 67 65 
Foreign-derived intangible income(28)(25)(15)
Other, net37 4 10 
Income tax expense$318 $330 $195 
Schedule of Income Tax Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits and interest is as follows:
202420232022
  (In millions) 
Balance, beginning of year$425 $379 $349 
Increases to tax positions related to the current year18 19 23 
Increases to tax positions related to prior years4 4 5 
Decreases to tax positions related to prior years(3)— — 
Settlements during current year(3)(1)(8)
Interest and penalties27 24 10 
Balance, end of year$468 $425 $379 
v3.25.0.1
Capital Stock (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Share Repurchases
Shares repurchased under the authorized programs were as follows:
 Year Ended December 31,
 202420232022
Number of shares repurchased12.1 million19.1 million5.2 million
Average price per share$133.85 $106.07 $96.09 
Total cost of repurchases (in millions)(1)
$1,616 $2,031 $500 
___________________________________
(1)Amount excludes transaction costs and the excise tax due under the Inflation Reduction Act of 2022.
v3.25.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings (Loss) Per Share
The following table presents our basic and diluted earnings (loss) per share:
 Year Ended December 31,
 202420232022
 (In millions, except share and per share data)
Net income attributable to Expedia Group, Inc.$1,234 $797 $352 
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders:
Basic$9.39 $5.50 $2.24 
Diluted8.95 5.31 2.17 
Weighted average number of shares outstanding (000's):
Basic131,432 144,967 156,672 
Dilutive effect of:
Convertible Notes3,921 3,921 3,921 
Stock-based awards2,566 1,340 1,158 
Diluted137,919 150,228 161,751 
v3.25.0.1
Other Income (Expense) (Tables)
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Schedule of Components of Other Income (Expense)
The following table presents the components of other, net:
 For the Year Ended December 31,
 202420232022
 (In millions)
Foreign exchange rate losses, net$(66)$(85)$(40)
Gains (losses) on minority equity investments, net289 16 (345)
TripAdvisor tax indemnification adjustment6 67 — 
Gain on sale of businesses and investments, net5 25 6 
Total$234 $23 $(379)
v3.25.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Commitments and Obligations The following table presents these commitments and obligations as of December 31, 2024:
  By Period
 TotalLess than
1  year		1 to 3
years		3 to 5
years		More than
5  years
 (In millions)
Purchase obligations$495 $252 $228 $15 $— 
Guarantees36 29 7 — — 
Letters of credit50 44 6 — — 
$581 $325 $241 $15 $— 
v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Operating Segment Information
The following tables present our segment information for 2024, 2023 and 2022. As a significant portion of our property and equipment is not allocated to our operating segments and depreciation is not included in our segment measure, we do not report the assets by segment as it would not be meaningful. We do not regularly provide such information to our chief operating decision makers.
 Year ended December 31, 2024
 B2CB2BtrivagoCorporate &
Eliminations		Total
 (In millions)
Third-party revenue$9,274 $4,102 $315 $— $13,691 
Intersegment revenue— — 184 (184)— 
Revenue$9,274 $4,102 $499 $(184)$13,691 
Less: (1)
Cost of revenue1,296 117 16 
Selling and marketing - direct4,157 2,489 384 (184)
Other segment items (2)
1,387 468 88 539 
Adjusted EBITDA$2,434 $1,028 $11 $(539)$2,934 
Depreciation(526)(145)(5)(105)(781)
Amortization of intangible assets— — — (57)(57)
Impairment of intangible assets— — — (147)(147)
Stock-based compensation— — — (458)(458)
Legal reserves, occupancy tax and other— — — (118)(118)
Restructuring and related reorganization charges, excluding stock-based compensation— — — (72)(72)
Realized (gain) loss on revenue hedges22 (4)— — 18 
Operating income (loss)$1,930 $879 $6 $(1,496)1,319 
Other income, net223 
Income before income taxes1,542 
Provision for income taxes(318)
Net income1,224 
Net loss attributable to non-controlling interests10 
Net income attributable to Expedia Group, Inc.$1,234 
 Year ended December 31, 2023
 B2CB2BtrivagoCorporate & EliminationsTotal
 (In millions)
Third-party revenue$9,113 $3,388 $338 $— $12,839 
Intersegment revenue— — 187 (187)— 
Revenue$9,113 $3,388 $525 $(187)$12,839 
Less: (1)
Cost of revenue1,375 163 17 
Selling and marketing - direct3,944 1,990 360 (187)
Other segment items (2)
1,469 437 92 499 
Adjusted EBITDA$2,325 $798 $56 $(499)$2,680 
Depreciation(526)(113)(5)(104)(748)
Amortization of intangible assets— — — (59)(59)
Impairment of goodwill— — — (297)(297)
Impairment of intangible assets— — — (129)(129)
Stock-based compensation— — — (413)(413)
Legal reserves, occupancy tax and other— — — (8)(8)
Realized (gain) loss on revenue hedges11 (4)— — 7 
Operating income (loss)$1,810 $681 $51 $(1,509)1,033 
Other expense, net(15)
Income before income taxes1,018 
Provision for income taxes(330)
Net income688 
Net loss attributable to non-controlling interests109 
Net income attributable to Expedia Group, Inc.$797 
 Year ended December 31, 2022
 B2CB2BtrivagoCorporate & EliminationsTotal
 (In millions)
Third-party revenue$8,741 $2,546 $380 $— $11,667 
Intersegment revenue— — 181 (181)— 
Revenue$8,741 $2,546 $561 $(181)$11,667 
Less: (1)
Cost of revenue1,381 243 17 
Selling and marketing - direct3,886 1,381 342 (181)
Other segment items (2)
1,350 323 89 487 
Adjusted EBITDA$2,124 $599 $113 $(487)$2,349 
Depreciation(509)(85)(8)(102)(704)
Amortization of intangible assets— — — (88)(88)
Impairment of intangible assets— — — (81)(81)
Stock-based compensation— — — (374)(374)
Legal reserves, occupancy tax and other— — — (23)(23)
Realized (gain) loss on revenue hedges2 4 — — 6 
Operating income (loss)$1,617 $518 $105 $(1,155)1,085 
Other expense, net(547)
Income before income taxes538 
Provision for income taxes(195)
Net income343 
Net loss attributable to non-controlling interests9 
Net income attributable to Expedia Group, Inc.$352 
___________________________________

(1)     The significant expense categories and amounts align with the segment-level information that is regularly provided to    the CODMs, exclusive of stock-based compensation. Intersegment expenses are included within the amounts shown.
(2)     Other segment items for each reportable segment primarily includes selling and marketing - indirect, technology and content and general and administrative expenses as well as the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant lodging revenue for our B2C and B2B segments.
Schedule of Revenue by Services
Revenue by Business Model and Service Type
The following table presents revenue by business model and service type for the years ended December 31, 2024, 2023 and 2022:
Year Ended December 31,
202420232022
(In millions)
Business Model
Merchant$9,439 $8,818 $7,762 
Agency3,169 3,075 2,994 
Advertising, media and other1,083 946 911 
Total revenue
$13,691 $12,839 $11,667 
Service Type
Lodging$10,950 $10,264 $8,905 
Air428 410 362 
Advertising and media954 821 777 
Other(1)
1,359 1,344 1,623 
Total revenue
$13,691 $12,839 $11,667 
___________________________________
(1)Other includes car rental, insurance, activities, and cruise, among other revenue streams, none of which are individually material.
Schedule of Revenue by Geographic Area
Geographic Information
The following table presents revenue by geographic area, the United States and all other countries, based on the geographic location of our websites or points of sale with the exception of trivago, which has all been allocated to Germany, the location of its corporate headquarters, for the years ended December 31, 2024, 2023 and 2022. No sales to an individual country other than the United States accounted for more than 10% of revenue for the presented years.
 Year Ended December 31,
 202420232022
 (In millions)
Revenue
United States$8,372 $8,147 $7,939 
All other countries5,319 4,692 3,728 
$13,691 $12,839 $11,667 
Schedule of Property and Equipment by Geographic Area
The following table presents property and equipment, net for the United States and all other countries, as of December 31, 2024 and 2023:
 As of December 31,
 20242023
 (In millions)
Property and equipment, net
United States$2,355 $2,289 
All other countries58 70 
$2,413 $2,359 
v3.25.0.1
Valuation and Qualifying Accounts (Tables)
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule of Changes in Valuation and Qualifying Accounts
The following table presents the changes in our valuation and qualifying accounts. Other reserves primarily include our accrual of the cost associated with purchases made on our website related to the use of fraudulent credit cards “charged-back” due to payment disputes and cancellation fees as well as refund reserves in 2022 primarily due to COVID impacts.
DescriptionBalance at
Beginning of
Period		Charges to
Earnings
Charges to
Other
Accounts(1)
DeductionsBalance at End
of Period
 (In millions)
2024
Allowance for expected credit losses$46 $36 $(27)$— $55 
Other reserves22 5 (6)— 21 
2023
Allowance for expected credit losses$40 $33 $(27)$— $46 
Other reserves29 1 (8)— 22 
2022
Allowance for expected credit losses$65 $20 $(3)$(42)$40 
Other reserves64 (28)(4)(3)29 
___________________________________
(1)Charges to other accounts primarily relates to amounts acquired through acquisitions or disposed of through sales of businesses, net translation adjustments and reclassifications.
v3.25.0.1
Significant Accounting Policies - Additional Information (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
EUR (€)
Mar. 31, 2022
EUR (€)
Mar. 02, 2022
EUR (€)
instrument
Significant Accounting Policies [Line Items]            
Prepaid merchant bookings $ 319 $ 365        
Deferred merchant bookings 8,517 7,723        
Deferred revenue 164 164        
Advertising expense $ 4,000 3,800 $ 3,900      
RSUs            
Significant Accounting Policies [Line Items]            
Vesting period 4 years          
2.5% (€650 million) Senior Notes Due 2022 | Senior notes            
Significant Accounting Policies [Line Items]            
Debt instrument, redeemed amount | €       € 650,000,000 € 650,000,000  
Debt, interest rate       2.50% 2.50%  
2.5% (€650 million) Senior Notes Due 2022 | Senior notes            
Significant Accounting Policies [Line Items]            
Debt, interest rate         2.50%  
Cross-currency interest rate swaps | Designated as Hedging Instrument            
Significant Accounting Policies [Line Items]            
Fixed-to fixed cross currency interest rate swaps entered into | instrument           2
Notional amount of derivatives | €           € 300,000,000
Derivative, fixed interest rate (in percent)         5.00%  
Derivative, average fixed interest rate (in percent)         3.38%  
Land Improvements            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 15 years          
Buildings            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 40 years          
Minimum            
Significant Accounting Policies [Line Items]            
Definite lived intangible assets, estimated useful life 1 year          
Minimum | Performance stock units ("PSUs")            
Significant Accounting Policies [Line Items]            
Vesting period 2 years          
Minimum | Computer Equipment            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 3 years          
Minimum | Capitalized Software Development            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 3 years          
Minimum | Furniture and Other Equipment            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 3 years          
Maximum            
Significant Accounting Policies [Line Items]            
Definite lived intangible assets, estimated useful life 10 years          
Maximum | Performance stock units ("PSUs")            
Significant Accounting Policies [Line Items]            
Vesting period 3 years          
Maximum | Computer Equipment            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 5 years          
Maximum | Capitalized Software Development            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 5 years          
Maximum | Furniture and Other Equipment            
Significant Accounting Policies [Line Items]            
Property and equipment, estimated useful lives 5 years          
Deferred Merchant Bookings            
Significant Accounting Policies [Line Items]            
Deferred merchant bookings $ 7,600 6,900        
Deferred merchant bookings recognized during period 5,800          
Revenue recognized during period 917          
Deferred Loyalty Rewards            
Significant Accounting Policies [Line Items]            
Deferred merchant bookings $ 937 871        
Deferred Loyalty Rewards | Minimum            
Significant Accounting Policies [Line Items]            
Customer loyalty program, period of recognition 1 year          
Deferred Loyalty Rewards | Maximum            
Significant Accounting Policies [Line Items]            
Customer loyalty program, period of recognition 2 years          
Deferred Revenue            
Significant Accounting Policies [Line Items]            
Revenue recognized during period $ 131          
Deferred revenue $ 164 $ 164        
v3.25.0.1
Significant Accounting Policies - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Accounting Policies [Abstract]        
Cash and cash equivalents $ 4,183 $ 4,225    
Restricted cash and cash equivalents 1,391 1,436    
Total cash, cash equivalents and restricted cash and cash equivalents in the consolidated statements of cash flows $ 5,574 $ 5,661 $ 5,851 $ 5,805
v3.25.0.1
Fair Value Measurements - Financial Instruments Measured at Fair Value (Details) - Recurring Basis - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Total assets $ 1,700 $ 859
Foreign currency forward contracts    
Derivatives:    
Foreign currency forward contracts 2 9
Cross-currency interest rate swaps    
Derivatives:    
Derivatives 25 8
Money market funds    
Cash equivalents:    
Cash equivalents 113 168
Term deposits and certificates of deposit    
Cash equivalents:    
Cash equivalents 163  
Investments:    
Investments 3  
Term deposits    
Cash equivalents:    
Cash equivalents   71
Investments:    
Investments   28
Commercial paper    
Cash equivalents:    
Cash equivalents 2  
Investments:    
Investments 2  
Equity investments    
Investments:    
Investments 895 584
Corporate debt securities    
Investments:    
Investments 354  
Asset-backed securities    
Investments:    
Investments 62  
U.S. treasury securities    
Investments:    
Investments 70  
U.S. agency securities    
Investments:    
Investments 8  
Non-U.S. government securities    
Investments:    
Investments 3  
Level 1    
Investments:    
Total assets 1,008 752
Level 1 | Foreign currency forward contracts    
Derivatives:    
Foreign currency forward contracts 0 0
Level 1 | Cross-currency interest rate swaps    
Derivatives:    
Derivatives 0 0
Level 1 | Money market funds    
Cash equivalents:    
Cash equivalents 113 168
Level 1 | Term deposits and certificates of deposit    
Cash equivalents:    
Cash equivalents 0  
Investments:    
Investments 0  
Level 1 | Term deposits    
Cash equivalents:    
Cash equivalents   0
Investments:    
Investments   0
Level 1 | Commercial paper    
Cash equivalents:    
Cash equivalents 0  
Investments:    
Investments 0  
Level 1 | Equity investments    
Investments:    
Investments 895 584
Level 1 | Corporate debt securities    
Investments:    
Investments 0  
Level 1 | Asset-backed securities    
Investments:    
Investments 0  
Level 1 | U.S. treasury securities    
Investments:    
Investments 0  
Level 1 | U.S. agency securities    
Investments:    
Investments 0  
Level 1 | Non-U.S. government securities    
Investments:    
Investments 0  
Level 2    
Investments:    
Total assets 692 107
Level 2 | Foreign currency forward contracts    
Derivatives:    
Foreign currency forward contracts 2 9
Level 2 | Cross-currency interest rate swaps    
Derivatives:    
Derivatives 25 8
Level 2 | Money market funds    
Cash equivalents:    
Cash equivalents 0 0
Level 2 | Term deposits and certificates of deposit    
Cash equivalents:    
Cash equivalents 163  
Investments:    
Investments 3  
Level 2 | Term deposits    
Cash equivalents:    
Cash equivalents   71
Investments:    
Investments   28
Level 2 | Commercial paper    
Cash equivalents:    
Cash equivalents 2  
Investments:    
Investments 2  
Level 2 | Equity investments    
Investments:    
Investments 0 $ 0
Level 2 | Corporate debt securities    
Investments:    
Investments 354  
Level 2 | Asset-backed securities    
Investments:    
Investments 62  
Level 2 | U.S. treasury securities    
Investments:    
Investments 70  
Level 2 | U.S. agency securities    
Investments:    
Investments 8  
Level 2 | Non-U.S. government securities    
Investments:    
Investments $ 3  
v3.25.0.1
Fair Value Measurements - Additional Information (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Mar. 02, 2022
EUR (€)
instrument
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Short-term investments $ 300   $ 28   $ 300 $ 28    
Long term investments available for sale $ 202       $ 202      
Maturity term 4 years       4 years      
Unrealized gain (loss) on investments         $ 1      
Net gains (losses) from foreign currency forward contracts         (33) (24) $ (66)  
Gains (losses) on minority equity investments, net         289 16 (345)  
Impairment of goodwill         $ 0 $ 297 0  
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]         Impairment of intangible assets Impairment of intangible assets    
Impairment of intangible assets         $ 147 $ 129 81  
Carrying value of cost method investments $ 293   $ 330   293 $ 330    
Proceeds from minority investment         15      
Gain on the transaction         0      
Cumulative unrealized downward adjustments $ 127       $ 127      
Measurement Input, Projected Revenues And Royalty Rates | Fair Value, Inputs, Level 3 | Minimum                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Intangible assets, indefinite-lived (excluding goodwill), measurement input 0.025   0.03   0.025 0.03    
Measurement Input, Projected Revenues And Royalty Rates | Fair Value, Inputs, Level 3 | Maximum                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Intangible assets, indefinite-lived (excluding goodwill), measurement input 0.04   0.04   0.04 0.04    
Trade Names                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of indefinite-lived intangible assets         $ 147 $ 129    
Trivago                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of goodwill           297    
Trivago | Trade Names                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of indefinite-lived intangible assets   $ 33   $ 15   15 81  
B2C                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of goodwill           0    
B2C | Trade Names                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment of indefinite-lived intangible assets $ 114   $ 114     114    
Nonrecurring Basis                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Impairment losses related to a minority investment         $ 22 $ 0 0  
Global Business Travel Group                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Equity interest maintained         16.00% 16.00%    
Despegar.com Corp.                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Gains (losses) on minority equity investments, net         $ 94 $ 42 (45)  
Global Business Travel Group | Equity investments                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Gains (losses) on minority equity investments, net         217 (26) $ (300)  
Foreign currency forward contracts                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Notional amount of derivatives 3,900       3,900      
Foreign currency forward contracts, liability 2   9   2 9    
Gross forward liability 42   28   42 28    
Cross-currency interest rate swaps | Designated as Hedging Instrument                
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]                
Notional amount of derivatives | €               € 300,000,000
Fixed-to fixed cross currency interest rate swaps entered into | instrument               2
Fair value of derivative, asset $ 25   $ 8   25 8    
Gain on derivative recognized in interest expense         $ 5 $ 5    
v3.25.0.1
Property and Equipment, Net - Components of Property and Equipment, Net (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross $ 5,031 $ 4,973
Less: accumulated depreciation (2,814) (2,765)
Projects in progress 196 151
Property and equipment, net 2,413 2,359
Capitalized software development    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 3,373 3,290
Computer equipment    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 170 202
Furniture and other equipment    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 115 113
Buildings and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross 1,227 1,222
Land    
Property, Plant and Equipment [Line Items]    
Total property and equipment, gross $ 146 $ 146
v3.25.0.1
Property and Equipment, Net - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment [Abstract]      
Capitalized software development costs, net of accumulated amortization $ 1,100 $ 999  
Amortization of capitalized software development costs 671 642 $ 597
Acquisition of property and equipment, non-cash investing activity $ 2 $ 5 $ 26
v3.25.0.1
Leases - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Lessee, Lease, Description [Line Items]      
Lessor, operating lease, renewal term 10 years    
Lessor, operating lease, option to terminate 1 year    
Operating lease costs $ 85 $ 97 $ 99
Minimum      
Lessee, Lease, Description [Line Items]      
Lessee, operating lease, term of contract 1 year    
Maximum      
Lessee, Lease, Description [Line Items]      
Lessee, operating lease, term of contract 13 years    
v3.25.0.1
Leases - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows for operating lease payments $ 80 $ 92 $ 96
Right-of-use assets obtained in exchange for lease obligations:      
Operating leases $ 22 $ 86 $ 75
v3.25.0.1
Leases - Supplemental Consolidated Balance Sheet Information (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]    
Operating lease right-of-use assets $ 305 $ 357
Current lease liabilities, included within Accrued expenses and other current liabilities $ 63 $ 66
Operating lease, liability, current, statement of financial position [Extensible List] Accrued expenses and other current liabilities Accrued expenses and other current liabilities
Long-term lease liabilities, included within Operating lease liabilities $ 265 $ 314
Total operating lease liabilities $ 328 $ 380
Weighted average remaining lease term 6 years 2 months 12 days 6 years 10 months 24 days
Weighted average discount rate 4.20% 4.10%
v3.25.0.1
Leases - Maturities of Lease Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Operating Leases    
2025 $ 74  
2026 68  
2027 63  
2028 56  
2029 47  
2030 and thereafter 63  
Total lease payments 371  
Less: imputed interest (43)  
Total $ 328 $ 380
v3.25.0.1
Goodwill and Intangible Assets, Net - Goodwill and Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]      
Goodwill $ 6,844 $ 6,849 $ 7,143
Intangible assets with indefinite lives 763 912  
Intangible assets with definite lives, net 54 111  
Goodwill and intangible assets $ 7,661 $ 7,872  
v3.25.0.1
Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Goodwill [Line Items]              
Impairment of goodwill         $ 0 $ 297 $ 0
Accumulated goodwill impairment loss $ 3,600   $ 3,600   3,600 3,600  
Amortization of intangible assets         57 59 88
Trade Names              
Goodwill [Line Items]              
Impairment of indefinite-lived intangible assets         147 129  
Trivago              
Goodwill [Line Items]              
Impairment of goodwill           297  
Accumulated goodwill impairment loss 537   537   537 537  
Trivago | Trade Names              
Goodwill [Line Items]              
Impairment of indefinite-lived intangible assets   $ 33   $ 15   15 $ 81
B2C              
Goodwill [Line Items]              
Impairment of goodwill           0  
Accumulated goodwill impairment loss 3,000   3,000   3,000 3,000  
B2C | Trade Names              
Goodwill [Line Items]              
Impairment of indefinite-lived intangible assets 114   114     114  
B2B              
Goodwill [Line Items]              
Impairment of goodwill           0  
Accumulated goodwill impairment loss $ 14   $ 14   $ 14 $ 14  
v3.25.0.1
Goodwill and Intangible Assets, Net - Changes in Goodwill by Reportable Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Goodwill [Roll Forward]      
Goodwill, Beginning Balance $ 6,849 $ 7,143  
Impairment charges 0 (297) $ 0
Foreign exchange translation and other (5) 3  
Goodwill, Ending Balance 6,844 6,849 7,143
B2C      
Goodwill [Roll Forward]      
Goodwill, Beginning Balance 6,436 6,433  
Impairment charges   0  
Foreign exchange translation and other (3) 3  
Goodwill, Ending Balance 6,433 6,436 6,433
B2B      
Goodwill [Roll Forward]      
Goodwill, Beginning Balance 413 412  
Impairment charges   0  
Foreign exchange translation and other (2) 1  
Goodwill, Ending Balance 411 413 412
trivago      
Goodwill [Roll Forward]      
Goodwill, Beginning Balance 0 298  
Impairment charges   (297)  
Foreign exchange translation and other 0 (1)  
Goodwill, Ending Balance $ 0 $ 0 $ 298
v3.25.0.1
Goodwill and Intangible Assets, Net - Components of Intangible Assets with Definite Lives (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]    
Cost $ 1,669 $ 1,718
Accumulated Amortization (1,615) (1,607)
Net 54 111
Customer relationships    
Finite-Lived Intangible Assets [Line Items]    
Cost 380 382
Accumulated Amortization (369) (353)
Net 11 29
Supplier relationships    
Finite-Lived Intangible Assets [Line Items]    
Cost 475 480
Accumulated Amortization (474) (471)
Net 1 9
Domain names    
Finite-Lived Intangible Assets [Line Items]    
Cost 166 167
Accumulated Amortization (145) (131)
Net 21 36
Other    
Finite-Lived Intangible Assets [Line Items]    
Cost 648 689
Accumulated Amortization (627) (652)
Net $ 21 $ 37
v3.25.0.1
Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense Related to Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]    
2025 $ 38  
2026 12  
2027 4  
Net $ 54 $ 111
v3.25.0.1
Debt - Long Term Debt Outstanding (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]      
Long-term debt $ 6,266 $ 6,253  
Current maturities of long-term debt (1,043) 0  
Long-term debt, excluding current maturities $ 5,223 $ 6,253  
6.25% senior notes due 2025 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 6.25% 6.25%  
Long-term debt $ 1,043 $ 1,039  
5.0% senior notes due 2026      
Debt Instrument [Line Items]      
Debt, interest rate 5.00%    
5.0% senior notes due 2026 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 5.00% 5.00%  
Long-term debt $ 749 $ 748  
0% convertible senior notes due 2026 | Convertible Debt      
Debt Instrument [Line Items]      
Debt, interest rate 0.00% 0.00%  
Long-term debt $ 996 $ 993  
4.625% senior notes due 2027 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 4.625% 4.625%  
Long-term debt $ 747 $ 746  
3.8% senior notes due 2028 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 3.80% 3.80%  
Long-term debt $ 997 $ 996  
3.25% senior notes due 2030 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 3.25% 3.25%  
Long-term debt $ 1,240 $ 1,238  
2.95% senior notes due 2031 | Senior notes      
Debt Instrument [Line Items]      
Debt, interest rate 2.95%   2.95%
v3.25.0.1
Debt - Additional Information (Details)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
day
Dec. 31, 2024
USD ($)
day
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
Dec. 31, 2022
EUR (€)
Mar. 31, 2022
EUR (€)
Debt Instrument [Line Items]            
Long-term debt   $ 6,266,000,000 $ 6,253,000,000      
Common stock, par value (in dollars per share) | $ / shares   $ 0.0001 $ 0.0001      
Gain on debt extinguishment, net   $ 0 $ 0 $ 49,000,000    
Payments of debt extinguishment costs   $ 0 0 22,000,000    
Common stock            
Debt Instrument [Line Items]            
Common stock, par value (in dollars per share) | $ / shares   $ 0.0001        
Senior notes            
Debt Instrument [Line Items]            
Debt instrument redemption price percentage   101.00%        
Accrued interest related to senior notes   $ 73,000,000 73,000,000      
Gain on debt extinguishment, net       (24,000,000)    
Payments of debt extinguishment costs       20,000,000    
Write off of deferred debt issuance cost       $ 4,000,000    
Senior notes | Estimate of Fair Value Measurement            
Debt Instrument [Line Items]            
Fair value of senior notes   5,100,000,000 5,100,000,000      
Convertible Debt | Estimate of Fair Value Measurement            
Debt Instrument [Line Items]            
Fair value of senior notes   997,000,000 $ 953,000,000      
2.5% (€650 million) Senior Notes Due 2022 | Senior notes            
Debt Instrument [Line Items]            
Debt, interest rate       2.50% 2.50% 2.50%
Debt instrument, redeemed amount | €         € 650,000,000 € 650,000,000
3.6% ($500 million) Senior Notes Due 2023 | Senior notes            
Debt Instrument [Line Items]            
Debt, interest rate       3.60% 3.60%  
Debt instrument, redeemed amount       $ 500,000,000    
4.5% senior notes due 2024 | Senior notes            
Debt Instrument [Line Items]            
Debt, interest rate       4.50% 4.50%  
Debt instrument, redeemed amount       $ 500,000,000    
2.95% senior notes due 2031 | Senior notes            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 500,000,000        
Debt, interest rate   2.95%   2.95% 2.95%  
Senior notes issued price percentage   99.081%        
Debt instrument, redeemed amount       $ 500,000,000    
Gain on debt extinguishment, net       73,000,000    
Payments of debt extinguishment costs       1,000,000    
Write off of deferred debt issuance cost       8,000,000    
Repayments of senior debt       $ 418,000,000    
6.25% senior notes due 2025 | Senior notes            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 1,000,000,000        
Debt, interest rate   6.25% 6.25%      
Debt instrument redemption price percentage   100.00%        
Long-term debt   $ 1,043,000,000 $ 1,039,000,000      
5.0% senior notes due 2026            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 750,000,000        
Debt, interest rate   5.00%        
Debt instrument redemption price percentage   100.00%        
Senior notes issued price percentage   99.535%        
5.0% senior notes due 2026 | Senior notes            
Debt Instrument [Line Items]            
Debt, interest rate   5.00% 5.00%      
Long-term debt   $ 749,000,000 $ 748,000,000      
4.625% senior notes due 2027 | Senior notes            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 750,000,000        
Debt, interest rate   4.625% 4.625%      
Senior notes issued price percentage   99.997%        
Long-term debt   $ 747,000,000 $ 746,000,000      
3.8% senior notes due 2028 | Senior notes            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 1,000,000,000        
Debt, interest rate   3.80% 3.80%      
Debt instrument redemption price percentage   100.00%        
Senior notes issued price percentage   99.747%        
Long-term debt   $ 997,000,000 $ 996,000,000      
3.25% senior notes due 2030 | Senior notes            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 1,250,000,000        
Debt, interest rate   3.25% 3.25%      
Debt instrument redemption price percentage   100.00%        
Senior notes issued price percentage   99.225%        
Long-term debt   $ 1,240,000,000 $ 1,238,000,000      
0% convertible senior notes due 2026 | Convertible Debt            
Debt Instrument [Line Items]            
Senior unsecured notes principal amount   $ 1,000,000,000        
Debt, interest rate   0.00% 0.00%      
Long-term debt   $ 996,000,000 $ 993,000,000      
Debt issuance costs, net   4,000,000 7,000,000      
Amortization of debt issuance costs   $ 3,000,000 $ 3,000,000      
Debt instrument, convertible, conversion ratio   0.0039212        
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares   $ 255.02        
0% convertible senior notes due 2026 | Convertible Debt | Upon the occurrence of certain change of control triggering events            
Debt Instrument [Line Items]            
Threshold trading days (at least) | day 20          
Consecutive trading days | day 30          
Threshold percentage of stock price trigger (equal to or greater than) 130.00%          
0% convertible senior notes due 2026 | Convertible Debt | Debt instrument, redemption, period two            
Debt Instrument [Line Items]            
Number of business days   5 days        
Consecutive business days   5 days        
Percentage of product of the last reported sale price of common stock and the conversion rate on each such trading day (less than)   98.00%        
0% convertible senior notes due 2026 | Convertible Debt | Debt instrument, redemption, period three            
Debt Instrument [Line Items]            
Debt instrument redemption price percentage   100.00%        
Threshold trading days (at least) | day   20        
Consecutive trading days | day   30        
Threshold percentage of stock price trigger (equal to or greater than)   130.00%        
2.95% senior notes due 2031 | Senior notes            
Debt Instrument [Line Items]            
Debt, interest rate   2.95% 2.95%      
Long-term debt   $ 494,000,000 $ 493,000,000      
New Revolving Credit Facility | Line of Credit            
Debt Instrument [Line Items]            
Letters of credit issued under the credit facility   45,000,000 40,000,000      
New Revolving Credit Facility | Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Credit facility   2,500,000,000 2,500,000,000      
Credit facility borrowings outstanding   $ 0 $ 0      
New Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Minimum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate   1.00%        
Commitment fee on undrawn amounts   0.10%        
New Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Minimum | Base rate            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate   0.00%        
New Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Maximum            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate   1.75%        
Commitment fee on undrawn amounts   0.25%        
New Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Maximum | Base rate            
Debt Instrument [Line Items]            
Debt instrument, basis spread on variable rate   0.75%        
New Revolving Credit Facility | Line of Credit | Letter of Credit            
Debt Instrument [Line Items]            
Credit facility   $ 120,000,000        
v3.25.0.1
Employee Benefit Plans (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Postemployment Benefits [Abstract]      
Percentage of employees contributions maximum 50.00%    
Percentage of employees contributions maximum after tax 10.00%    
Percentage of employees contributions maximum pre-tax and after tax 60.00%    
Percentage of company matches of employees contributions maximum 6.00%    
Employee vesting period 2 years    
Employer contributions for benefit plans $ 69 $ 72 $ 63
v3.25.0.1
Stock-Based Awards and Other Equity Instruments - Additional Information (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock reserved for new stock-based awards, shares 9,000    
Market value of shares vested in period $ 578 $ 316 $ 336
Stock-based compensation 458 413 374
Stock-based compensation tax benefit 152 88 106
Capitalized stock-based compensation expense 81 71 54
Cash received from stock-based award exercises 67 60 98
Income tax benefit associated with employees exercise of stock-based awards 24 $ 17 $ 17
Unrecognized stock-based compensation expense $ 795    
Unrecognized stock-based compensation expense expected recognition period 1 year 4 months 17 days    
Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock purchase price as percentage of fair market value 85.00%    
Eligible employees contribution of base compensation 15.00%    
Employee stock purchase plan, shares purchased 415 442 305
Employee stock ownership plan, average purchase price of shares purchased $ 116.91 $ 92.56 $ 109.36
Number of shares available for issuance (in shares) 1,000    
Stock Options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock price, as of year end (in dollars per share) $ 186.33    
Total intrinsic value of stock options exercised, value $ 33 $ 9 $ 89
Options granted (in shares) 0 0 0
v3.25.0.1
Stock-Based Awards and Other Equity Instruments - Schedule of Restricted Stock Units Activity (Details)
shares in Thousands
 12 Months Ended
Dec. 31, 2024
$ / shares
shares
RSUs  
Number of Shares  
Beginning balance (in shares) | shares 8,073
Granted (in shares) | shares 3,927
Vested (in shares) | shares (4,268)
Cancelled (in shares) | shares (1,020)
Ending balance (in shares) | shares 6,712
Weighted Average Grant-Date Fair Value  
Beginning balance (in dollars per share) | $ / shares $ 123.24
Granted (in dollars per share) | $ / shares 137.27
Vested (in dollars per share) | $ / shares 134.85
Cancelled (in dollars per share) | $ / shares 121.65
Ending balance (in dollars per share) | $ / shares $ 124.31
PSUs  
Number of Shares  
Beginning balance (in shares) | shares 277
Granted (in shares) | shares 285
Performance Shares Adjustment (in shares) | shares 10
Vested (in shares) | shares (37)
Cancelled (in shares) | shares (189)
Ending balance (in shares) | shares 346
Weighted Average Grant-Date Fair Value  
Beginning balance (in dollars per share) | $ / shares $ 99.84
Granted (in dollars per share) | $ / shares 133.33
Performance Shares Adjustment (in dollars per share) | $ / shares 118.53
Vested (in dollars per share) | $ / shares 192.05
Cancelled (in dollars per share) | $ / shares 125.05
Ending balance (in dollars per share) | $ / shares $ 99.88
v3.25.0.1
Stock-Based Awards and Other Equity Instruments - Performance Share Units (Details) - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
By Grant Year      
Shares probable to be issued (in shares) 346    
Shares that could be issued if maximum performance thresholds are met (in shares) 993    
Weighted Average Grant-Date Fair Value      
Shares probable to be issued (in usd per share) $ 99.88    
Shares that could be issued if maximum performance thresholds are met (in usd per share) $ 135.45    
PSUs      
By Grant Year      
Shares probable to be issued (in shares) 0 346 0
Shares that could be issued if maximum performance thresholds are met (in shares) 494 346 153
v3.25.0.1
Stock-Based Awards and Other Equity Instruments - Schedule of Stock Option Activity (Details) - Stock Options
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
shares
Options  
Beginning balance (in shares) | shares 3,211
Exercised (in shares) | shares (781)
Cancelled (in shares) | shares (38)
Ending balance (in shares) | shares 2,392
Options, Exercisable as of end of the period (in shares) | shares 2,392
Weighted Average Exercise Price  
Beginning balance (in dollars per share) | $ / shares $ 143.42
Exercised (in dollars per share) | $ / shares 109.14
Cancelled (in dollars per share) | $ / shares 126.34
Ending balance (in dollars per share) | $ / shares 154.61
Weighted Average Exercise Price, Exercisable as of end of the period (in dollars per share) | $ / shares $ 154.61
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]  
Remaining Contractual Life 1 year 7 months 6 days
Remaining Contractual Life , Exercisable as of end of the period 1 year 7 months 6 days
Aggregate Intrinsic Value | $ $ 76
Aggregate intrinsic value, Exercisable as of end of the period | $ $ 76
v3.25.0.1
Income Taxes - Domestic and Foreign Income Loss Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
U.S. $ 1,280 $ 935 $ 67
Foreign 262 83 471
Income before income taxes $ 1,542 $ 1,018 $ 538
v3.25.0.1
Income Taxes - Summary of Provision for Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current income tax expense:      
U.S. federal $ 123 $ 128 $ 17
State 30 36 6
Foreign 91 104 102
Current income tax expense 244 268 125
Deferred income tax (benefit) expense:      
U.S. federal 77 75 (4)
State 18 (4) (2)
Foreign (21) (9) 76
Deferred income tax (benefit) expense 74 62 70
Income tax expense $ 318 $ 330 $ 195
v3.25.0.1
Income Taxes - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Taxes [Line Items]        
Reduction in current income tax payable attributable to stock-based compensation $ 24 $ 17 $ 17  
Tax credit carryforwards 103      
Valuation allowance 176 244    
Increase in NOL valuation allowance   68    
Unrecognized tax benefits 468 425 379 $ 349
Unrecognized tax benefits that would impact effective tax rate 239 223 $ 213  
Uncertain tax positions, interest and penalties 117 90    
State        
Income Taxes [Line Items]        
Net operating loss carryforwards 229      
Indefinitely carried forward net operating loss carryforwards 68      
Net operating loss carryforwards subject to expiration 161      
Foreign        
Income Taxes [Line Items]        
Net operating loss carryforwards 272      
Indefinitely carried forward net operating loss carryforwards 175      
Net operating loss carryforwards subject to expiration 97      
IRS        
Income Taxes [Line Items]        
Liability adjustment for tax expense   120    
Payments for legal settlements   113    
Tax provision 6 $ 67    
IRS | Tax Years 2011 to 2013        
Income Taxes [Line Items]        
Additional federal tax expense due to tax examination 244      
IRS | Tax Years 2014 to 2016        
Income Taxes [Line Items]        
Additional federal tax expense due to tax examination $ 431      
v3.25.0.1
Income Taxes - Components of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Deferred tax assets:    
Provision for accrued expenses $ 47 $ 42
Deferred loyalty rewards 217 204
Net operating loss and tax credit carryforwards 130 314
Property and equipment 25 23
Capitalized research and development 391 325
Operating lease liabilities 118 130
Long-term investments 108 168
Other 59 79
Total deferred tax assets 1,095 1,285
Less valuation allowance (176) (244)
Net deferred tax assets 919 1,041
Deferred tax liabilities:    
Goodwill and intangible assets (308) (345)
Anticipatory foreign tax credits (17) (16)
Operating lease ROU assets (115) (127)
Other (2) 0
Total deferred tax liabilities (442) (488)
Net deferred tax assets $ 477 $ 553
v3.25.0.1
Income Taxes - Schedule of Statutory Federal Income Tax Rate to Income from Continuing Operations Before Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Income tax expense at the U.S. federal statutory rate of 21% $ 324 $ 214 $ 113
Foreign tax rate differential 0 (27) (75)
U.S. federal research and development credit (48) (52) (40)
Excess tax benefits related to stock-based compensation (7) 9 (17)
Nondeductible compensation 34 28 37
Unrecognized tax benefits and related interest 37 39 27
Change in valuation allowances (67) 0 77
Return to provision true-ups 2 (44) (11)
State taxes 32 22 3
Non-creditable foreign withholding tax 2 3 21
Non-deductible goodwill impairment 0 92 0
Divestitures and entity restructuring 0 67 65
Foreign-derived intangible income (28) (25) (15)
Other, net 37 4 10
Income tax expense $ 318 $ 330 $ 195
v3.25.0.1
Income Taxes - Uncertain Tax Positions (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]      
Beginning balance $ 425 $ 379 $ 349
Increases to tax positions related to the current year 18 19 23
Increases to tax positions related to prior years 4 4 5
Decreases to tax positions related to prior years (3) 0 0
Settlements during current year (3) (1) (8)
Interest and penalties 27 24 10
Ending balance $ 468 $ 425 $ 379
v3.25.0.1
Capital Stock - Common Stock and Class B Common Stock and Preferred Stock and Warrants and Treasury Stock (Details)
 12 Months Ended
Dec. 31, 2024
USD ($)
vote
$ / shares
shares
Dec. 31, 2023
$ / shares
shares
Oct. 31, 2023
USD ($)
Dec. 31, 2019
shares
Dec. 31, 2018
shares
Class of Stock [Line Items]          
Common stock, shares authorized (in shares) 1,600,000,000 1,600,000,000      
Common stock, par value (in dollars per share) | $ / shares $ 0.0001 $ 0.0001      
Treasury stock (in shares) 171,515,000 157,903,000      
Authorized share repurchase (up to)       20,000,000 15,000,000
Stock repurchase program, authorized amount (up to) | $     $ 5,000,000,000    
Remaining authorized repurchase amount | $ $ 3,200,000,000        
Common Stock          
Class of Stock [Line Items]          
Treasury stock (in shares) 164,200,000 150,600,000      
Class B Common Stock          
Class of Stock [Line Items]          
Common stock, shares authorized (in shares) 400,000,000 400,000,000      
Common stock, par value (in dollars per share) | $ / shares $ 0.0001 $ 0.0001      
Number of voting rights to each shareholder, per share | vote 10        
Common stock, conversion basis one        
Treasury stock (in shares) 7,300,000 7,300,000      
Common Stock          
Class of Stock [Line Items]          
Common stock, shares authorized (in shares) 1,600,000,000        
Common stock, par value (in dollars per share) | $ / shares $ 0.0001        
Number of voting rights to each shareholder, per share | vote 1        
Total number of directors elected by holders of common stock, voting as single class, percentage 25.00%        
v3.25.0.1
Capital Stock - Shares Repurchased (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Equity [Abstract]      
Number of shares repurchased (in shares) 12.1 19.1 5.2
Average price per share (in dollars per share) $ 133.85 $ 106.07 $ 96.09
Total cost of repurchases $ 1,616 $ 2,031 $ 500
v3.25.0.1
Capital Stock - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cross-currency interest rate swaps    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Foreign currency translation gains (losses), net of tax $ 19 $ 6
Foreign currency translation gains (losses), before tax 25 8
2.5% (€650 million) Senior Notes Due 2022    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Foreign currency translation gains (losses), net of tax (7) (7)
Foreign currency translation gains (losses), before tax $ (10) $ (10)
v3.25.0.1
Capital Stock - Non-redeemable Non-controlling Interests (Details)
€ / shares in Units, € in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
EUR (€)
€ / shares
Dec. 31, 2023
USD ($)
Dec. 31, 2024
Trivago      
Noncontrolling Interest [Line Items]      
Payments of capital distribution | € € 184    
Dividends payable (in dollars per share) | € / shares € 0.53    
Third-Party | Trivago      
Noncontrolling Interest [Line Items]      
Payments of capital distribution | $   $ 78  
Trivago      
Noncontrolling Interest [Line Items]      
Ownership interest percentage 60.00%   59.50%
v3.25.0.1
Earnings Per Share - Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share [Abstract]      
Net income attributable to Expedia Group, Inc. $ 1,234 $ 797 $ 352
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders:      
Basic (in dollars per share) $ 9.39 $ 5.50 $ 2.24
Diluted (in dollars per share) $ 8.95 $ 5.31 $ 2.17
Weighted average number of shares outstanding (000's):      
Basic (in shares) 131,432 144,967 156,672
Dilutive effect of:      
Convertible Notes (in shares) 3,921 3,921 3,921
Stock-based awards (in shares) 2,566 1,340 1,158
Diluted (in shares) 137,919 150,228 161,751
v3.25.0.1
Earnings Per Share - Additional Information (Details) - shares
shares in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Outstanding stock awards excluded from calculation of diluted earnings per share 1 4  
Share-Based Payment Arrangement And Warrants      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Outstanding stock awards excluded from calculation of diluted earnings per share     9
v3.25.0.1
Restructuring and Related Reorganization Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]      
Restructuring and related reorganization charges [1] $ 80 $ 0 $ 0
Employee Severance      
Restructuring Cost and Reserve [Line Items]      
Restructuring reserve 10    
Minimum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related cost, expected cost 80    
Maximum      
Restructuring Cost and Reserve [Line Items]      
Restructuring and related cost, expected cost $ 100    
[1]
 (1) Includes stock-based compensation as follows:
Cost of revenue$12 $14 $14 
Selling and marketing81 79 67 
Technology and content154 138 111 
General and administrative203 182 182 
Restructuring and related reorganization charges8 — — 
v3.25.0.1
Other Income (Expense) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Other Income and Expenses [Abstract]      
Foreign exchange rate losses, net $ (66) $ (85) $ (40)
Gains (losses) on minority equity investments, net 289 16 (345)
TripAdvisor tax indemnification adjustment 6 67 0
Gain on sale of businesses and investments, net 5 25 6
Total $ 234 $ 23 $ (379)
v3.25.0.1
Commitments and Contingencies - Schedule of Commitments and Obligations (Details)
$ in Millions
Dec. 31, 2024
USD ($)
Purchase obligations  
Total $ 495
Less than 1  year 252
1 to 3 years 228
3 to 5 years 15
More than 5  years 0
Guarantees  
Total 36
Less than 1  year 29
1 to 3 years 7
3 to 5 years 0
More than 5  years 0
Letters of credit  
Total 581
Less than 1  year 325
1 to 3 years 241
3 to 5 years 15
More than 5  years 0
Letters of Credit  
Letters of credit  
Total 50
Less than 1  year 44
1 to 3 years 6
3 to 5 years 0
More than 5  years $ 0
v3.25.0.1
Commitments and Contingencies - Additional Information (Details)
$ in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Nov. 21, 2024
USD ($)
Apr. 22, 2022
AUD ($)
Dec. 31, 2024
USD ($)
lawsuit
Mar. 31, 2022
USD ($)
Dec. 31, 2024
USD ($)
lawsuit
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Litigation Relating to Occupancy Tax                
Loss Contingencies [Line Items]                
Number of lawsuits filed | lawsuit     103   103      
Number of lawsuits currently active | lawsuit     2   2      
Number of lawsuits dismissed to date | lawsuit         49      
Number of dismissals based on finding that defendant was not subject to local hotel occupancy tax or the local government lacked standing to pursue claims | lawsuit         34      
Reserve for legal contingencies     $ 3   $ 3   $ 46  
Reverse balance increase (decrease)         $ (43)      
Matters Relating to International VAT                
Loss Contingencies [Line Items]                
Reserve for legal contingencies           $ 92    
VAT Claims Relating From Fiscal Years 2016 to 2022                
Loss Contingencies [Line Items]                
Payments for legal contingencies $ 71              
VAT Claims Related From 2023 and 2024                
Loss Contingencies [Line Items]                
Reverse balance increase (decrease)     $ 15          
Breach Of Australian Consumer Law | Affiliated Entity                
Loss Contingencies [Line Items]                
Trivago to pay penalty   $ 44.7            
Estimated probable loss       $ 34       $ 11
Estimate of possible loss, additions       $ 23        
v3.25.0.1
Related Party Transactions (Details)
$ in Millions
 1 Months Ended 12 Months Ended
Nov. 30, 2022
USD ($)
Dec. 31, 2024
USD ($)
aircraft
Dec. 31, 2023
USD ($)
Related Party Transaction [Line Items]      
Long-term investments and other assets   $ 1,698 $ 1,238
Two Airplanes | Related Party | Expedia, Inc      
Related Party Transaction [Line Items]      
Airplane ownership interest   50.00%  
Number of aircrafts | aircraft   2  
Two Airplanes | Related Party | Iac      
Related Party Transaction [Line Items]      
Airplane ownership interest   50.00%  
Number of aircrafts | aircraft   2  
Airplane Three      
Related Party Transaction [Line Items]      
Proceeds received from divestiture, percent 50.00%    
Net sale proceeds $ 19    
Aircraft      
Related Party Transaction [Line Items]      
Long-term investments and other assets   $ 40 $ 43
v3.25.0.1
Segment Information - Operating Segment Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]      
Revenue $ 13,691 $ 12,839 $ 11,667
Selling and marketing - direct 6,846 6,107 5,428
Adjusted EBITDA 2,934 2,680 2,349
Depreciation (781) (748) (704)
Amortization of intangible assets (57) (59) (88)
Impairment of goodwill 0 (297) 0
Impairment of intangible assets (147) (129) (81)
Stock-based compensation (458) (413) (374)
Legal reserves, occupancy tax and other (118) (8) (23)
Restructuring and related reorganization charges, excluding stock-based compensation 72    
Realized (gain) loss on revenue hedges 18 7 6
Operating income (loss) 1,319 1,033 1,085
Other expense, net 223 (15) (547)
Income before income taxes 1,542 1,018 538
Provision for income taxes (318) (330) (195)
Net income 1,224 688 343
Net loss attributable to non-controlling interests 10 109 9
Net income attributable to Expedia Group, Inc. 1,234 797 352
Corporate      
Segment Reporting Information [Line Items]      
Revenue 0 0 0
Intersegment revenue      
Segment Reporting Information [Line Items]      
Revenue (184) (187) (181)
Corporate & Eliminations      
Segment Reporting Information [Line Items]      
Revenue (184) (187) (181)
Selling and marketing - direct (184) (187) (181)
Other segment items 539 499 487
Adjusted EBITDA (539) (499) (487)
Depreciation (105) (104) (102)
Amortization of intangible assets (57) (59) (88)
Impairment of goodwill   (297)  
Impairment of intangible assets (147) (129) (81)
Stock-based compensation (458) (413) (374)
Legal reserves, occupancy tax and other (118) (8) (23)
Restructuring and related reorganization charges, excluding stock-based compensation 72    
Realized (gain) loss on revenue hedges 0 0 0
Operating income (loss) (1,496) (1,509) (1,155)
B2C      
Segment Reporting Information [Line Items]      
Revenue 9,274 9,113 8,741
Impairment of goodwill   0  
B2C | Intersegment revenue      
Segment Reporting Information [Line Items]      
Revenue 0 0 0
B2C | Reportable Segments      
Segment Reporting Information [Line Items]      
Revenue 9,274 9,113 8,741
Cost of revenue 1,296 1,375 1,381
Selling and marketing - direct 4,157 3,944 3,886
Other segment items 1,387 1,469 1,350
Adjusted EBITDA 2,434 2,325 2,124
Depreciation (526) (526) (509)
Amortization of intangible assets 0 0 0
Impairment of goodwill   0  
Impairment of intangible assets 0 0 0
Stock-based compensation 0 0 0
Legal reserves, occupancy tax and other 0 0 0
Restructuring and related reorganization charges, excluding stock-based compensation 0    
Realized (gain) loss on revenue hedges 22 11 2
Operating income (loss) 1,930 1,810 1,617
B2B      
Segment Reporting Information [Line Items]      
Revenue 4,102 3,388 2,546
Impairment of goodwill   0  
B2B | Intersegment revenue      
Segment Reporting Information [Line Items]      
Revenue 0 0 0
B2B | Reportable Segments      
Segment Reporting Information [Line Items]      
Revenue 4,102 3,388 2,546
Cost of revenue 117 163 243
Selling and marketing - direct 2,489 1,990 1,381
Other segment items 468 437 323
Adjusted EBITDA 1,028 798 599
Depreciation (145) (113) (85)
Amortization of intangible assets 0 0 0
Impairment of goodwill   0  
Impairment of intangible assets 0 0 0
Stock-based compensation 0 0 0
Legal reserves, occupancy tax and other 0 0 0
Restructuring and related reorganization charges, excluding stock-based compensation 0    
Realized (gain) loss on revenue hedges (4) (4) 4
Operating income (loss) 879 681 518
trivago      
Segment Reporting Information [Line Items]      
Revenue 315 338 380
Impairment of goodwill   (297)  
trivago | Intersegment revenue      
Segment Reporting Information [Line Items]      
Revenue 184 187 181
trivago | Reportable Segments      
Segment Reporting Information [Line Items]      
Revenue 499 525 561
Cost of revenue 16 17 17
Selling and marketing - direct 384 360 342
Other segment items 88 92 89
Adjusted EBITDA 11 56 113
Depreciation (5) (5) (8)
Amortization of intangible assets 0 0 0
Impairment of goodwill   0  
Impairment of intangible assets 0 0 0
Stock-based compensation 0 0 0
Legal reserves, occupancy tax and other 0 0 0
Restructuring and related reorganization charges, excluding stock-based compensation 0    
Realized (gain) loss on revenue hedges 0 0 0
Operating income (loss) $ 6 $ 51 $ 105
v3.25.0.1
Segment Information - Revenue by Services and Geographic Area (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue $ 13,691 $ 12,839 $ 11,667
United States      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 8,372 8,147 7,939
All other countries      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 5,319 4,692 3,728
Lodging      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 10,950 10,264 8,905
Air      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 428 410 362
Advertising and media      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 954 821 777
Other      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 1,359 1,344 1,623
Sales Channel, Through Intermediary | Merchant      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 9,439 8,818 7,762
Sales Channel, Through Intermediary | Agency      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue 3,169 3,075 2,994
Sales Channel, Through Intermediary | Advertising, media and other      
Segment Reporting, Revenue Reconciling Item [Line Items]      
Revenue $ 1,083 $ 946 $ 911
v3.25.0.1
Segment Information - Property Plant and Equipment by Geographic Area (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]    
Property and equipment, net $ 2,413 $ 2,359
United States    
Segment Reporting, Asset Reconciling Item [Line Items]    
Property and equipment, net 2,355 2,289
All other countries    
Segment Reporting, Asset Reconciling Item [Line Items]    
Property and equipment, net $ 58 $ 70
v3.25.0.1
Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Allowance for expected credit losses      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Period $ 46 $ 40 $ 65
Charges to Earnings 36 33 20
Charges to Other Accounts (27) (27) (3)
Deductions 0 0 (42)
Balance at End of Period 55 46 40
Other reserves      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at Beginning of Period 22 29 64
Charges to Earnings 5 1 (28)
Charges to Other Accounts (6) (8) (4)
Deductions 0 0 (3)
Balance at End of Period $ 21 $ 22 $ 29
v3.25.0.1
Subsequent Events (Details) - USD ($)
Feb. 04, 2025
Jan. 24, 2025
Dec. 31, 2024
Dec. 31, 2023
Subsequent Event        
Subsequent Event [Line Items]        
Dividends declared per common share (in dollars per share) $ 0.40      
6.25% senior notes due 2025 | Senior notes        
Subsequent Event [Line Items]        
Senior unsecured notes principal amount     $ 1,000,000,000  
Debt, interest rate (percentage)     6.25% 6.25%
6.25% senior notes due 2025 | Senior notes | Subsequent Event        
Subsequent Event [Line Items]        
Senior unsecured notes principal amount   $ 1,000,000,000.0    
Debt, interest rate (percentage)   6.25%