Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Profitability Ratios (Summary)
Expedia Group Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Gross Profit Margin
- The gross profit margin remained consistently around 82% from early 2017 through early 2019, indicating stable cost management relative to revenue. However, a noticeable decline began in the first quarter of 2020, with the margin dropping progressively to 67.69% by the end of 2020. This decline corresponds to a period of operational challenges. A gradual recovery is observed starting from the first quarter of 2021, with the margin improving significantly and reaching approximately 83.52% by the first quarter of 2022, slightly surpassing previous levels.
- Operating Profit Margin
- The operating profit margin displayed moderate fluctuations around 5% to 8% from early 2017 to late 2019, reflecting consistent operating efficiency. Beginning in the first quarter of 2020, a sharp deterioration occurred, with margins turning negative and reaching a low point of -52.3% at the end of 2020, indicating substantial operating losses. Although the margin remained negative through much of 2021, a progressive improvement ensued, turning positive again in the first quarter of 2022, where it stood at 4.37%. This signifies a recovery in core operational profitability.
- Net Profit Margin
- Similar to operating margins, net profit margins were positive and relatively stable from 2017 through 2019, with values mostly between 2.5% and 5.4%. Beginning in early 2020, net margins turned negative, reaching a nadir of -50.24% in the final quarter of that year which implies significant bottom-line losses. Recovery followed throughout 2021, with margins approaching break-even and ultimately returning to a positive 4.87% by the first quarter of 2022. This trend suggests efforts to restore overall profitability are yielding results.
- Return on Equity (ROE)
- Return on equity showed growth from 2017 through 2019, reaching a peak of over 14% late in 2019, indicative of strong shareholder returns. However, beginning in 2020, ROE sharply declined into deeply negative territory, bottoming at -103.16% at the end of 2020, reflecting significant equity losses and diminished investor value. Despite this, the ROE improved considerably over 2021 and early 2022, recovering to positive levels of 22.52% by the first quarter of 2022, thus demonstrating a strong rebound in generating returns for equity holders.
- Return on Assets (ROA)
- The return on assets followed a pattern similar to other profitability metrics, with low but positive values around 2% prior to 2020, showing moderate efficiency in asset utilization. ROA turned negative starting in the first quarter of 2020, reaching a low of nearly -14% at the end of that year, reflecting asset impairments or poor asset-driven profitability. Improvement was recorded throughout 2021 and early 2022, returning to a positive 1.9% by the first quarter of 2022, signaling a gradual restoration in overall asset profitability.
Overall, the data reveals a period of relative stability and profitability up to the end of 2019, followed by a significant decline in all examined profitability metrics during 2020. This decline likely results from external challenges impacting operational and financial results. Beginning in 2021, a recovery trend is evident, with key margins and returns progressively improving and, by early 2022, returning to or exceeding previous levels, suggesting effective corrective measures and resilience in financial performance.
Return on Sales
Return on Investment
Gross Profit Margin
Expedia Group Inc., gross profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | ||||||||||||||||||||||||||||
| Home Depot Inc. | ||||||||||||||||||||||||||||
| Lowe’s Cos. Inc. | ||||||||||||||||||||||||||||
| TJX Cos. Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Gross profit margin = 100
× (Gross profitQ1 2022
+ Gross profitQ4 2021
+ Gross profitQ3 2021
+ Gross profitQ2 2021)
÷ (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
An analysis of the quarterly financial data reveals several notable trends and fluctuations over the examined periods.
- Gross Profit
- Gross profit demonstrates a consistent seasonal pattern with higher values typically occurring in the third quarter of each year, followed by declines in the fourth quarter and first quarter of the subsequent year. From early 2017 through 2019, gross profit exhibits steady growth both year-over-year and across quarters within the same year, peaking in the third quarter of 2019 at approximately US$3.01 billion. Starting from the first quarter of 2020, a sharp decline is observed, with gross profit plunging to as low as US$177 million in the second quarter of 2020, consistent with significant external disruptions during this period. A gradual recovery is evident thereafter, with gross profit improving each subsequent quarter through the end of 2021, reaching US$2.52 billion in the third quarter of 2021, although it does not fully return to pre-2020 peak levels. The first quarter of 2022 again shows a decrease to US$1.88 billion.
- Revenue
- Revenue trends align closely with those of gross profit, indicating parallel movement in sales and associated costs. Early years, from 2017 to 2019, reflect growth with revenues peaking in the third quarter of 2019 at approximately US$3.56 billion. The onset of 2020 marks a sharp downturn, with revenue dropping to US$566 million in the second quarter of 2020, mirroring the significant decline in gross profit, indicative of reduced business activity. Subsequent quarters show a recovery trajectory, though revenue remains below previous highs by the end of 2021. Seasonal variations are also visible, with higher revenues typically recorded in the third quarters of each year. The first quarter of 2022 sees revenue dip slightly compared to the fourth quarter of 2021.
- Gross Profit Margin
- The gross profit margin maintains a relatively stable level throughout most of the periods observed, generally hovering around the low 80% range. This indicates consistent profitability relative to revenue during normal operational periods. However, starting in 2020, coinciding with the significant decline in revenue and gross profit, the margin contracts notably, reaching a low of 67.69% in the fourth quarter of 2020. From there, it progressively increases again, returning to above 80% by early 2021 and maintaining levels close to or exceeding 82% by the end of 2021 and into early 2022. This recovery suggests improved cost control or changes in business mix as operations normalize post-disruption.
Overall, the data reflects significant impacts during 2020, with steep decreases in revenue and gross profit accompanied by a decline in gross profit margin. Recovery trends are apparent starting mid-2020 and continuing through 2021, although full pre-2020 financial health was not completely restored by early 2022. Seasonal patterns persist throughout, with consistent spikes in the third quarters each year.
Operating Profit Margin
Expedia Group Inc., operating profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income (loss) | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | ||||||||||||||||||||||||||||
| Home Depot Inc. | ||||||||||||||||||||||||||||
| Lowe’s Cos. Inc. | ||||||||||||||||||||||||||||
| TJX Cos. Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Operating profit margin = 100
× (Operating income (loss)Q1 2022
+ Operating income (loss)Q4 2021
+ Operating income (loss)Q3 2021
+ Operating income (loss)Q2 2021)
÷ (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue Trends
- Revenue exhibited a general upward trend from the first quarter of 2017 through the end of 2019, increasing from 2,189 million US$ in March 2017 to a peak of 3,558 million US$ in September 2019. This steady rise was punctuated by a seasonal pattern, with third quarters typically showing higher revenue than first and fourth quarters. However, in 2020, there was a significant decline correlated with possibly external disruptive factors, hitting a low of 566 million US$ in the second quarter. A gradual recovery phase began in the second half of 2020, though revenue remained below pre-2020 peaks into early 2022, with figures around 2,249 million US$ in March 2022.
- Operating Income (Loss) Patterns
- Operating income fluctuated considerably over the analyzed period. Positive operating income was generally reported between 2017 and 2019, with notable quarterly peaks such as 672 million US$ in September 2018 and 609 million US$ in September 2019, indicating strong operational performance in these periods. Losses were recorded sporadically before 2020 but intensified significantly beginning in the first quarter of 2020, reaching a maximum loss of -1,294 million US$ in March 2020. This level of negative operating income continued throughout 2020, reflecting heightened operating challenges. Improvement signs were evident in 2021 with operating income returning to positive figures in multiple quarters, including 524 million US$ in March 2021, before reverting back to a slight loss in the first quarter of 2022.
- Operating Profit Margin Insights
- The operating profit margin, not specified for every quarter but available for key periods, revealed consistent profitability from mid-2017 through 2019, generally ranging between 5% and 8%, with a high of 7.78% in September 2019. The margin turned negative in 2020, reflecting the large operating losses, with a downturn to as low as -52.3% in the fourth quarter of 2020. This substantial decline in profitability aligns with the sharp decreases in revenue and operating income during the same period. Margins displayed improvement in 2021, rebounding to positive figures above 2%, suggesting operational recovery, although volatility remained evident.
- Overall Observations
- The data outlines a growth trajectory in revenue and profitability sustained through 2019, followed by a pronounced impact that severely affected operating performance and earnings starting in early 2020. The subsequent recovery was gradual and partial, with key operating and financial metrics improving through 2021 but still subject to variability. The trends suggest that the period experienced significant operational and market challenges, adversely affecting financial stability and efficiency, with ongoing efforts required to return fully to previous performance levels.
Net Profit Margin
Expedia Group Inc., net profit margin calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Expedia Group, Inc. | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | ||||||||||||||||||||||||||||
| Home Depot Inc. | ||||||||||||||||||||||||||||
| Lowe’s Cos. Inc. | ||||||||||||||||||||||||||||
| TJX Cos. Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
Net profit margin = 100
× (Net income (loss) attributable to Expedia Group, Inc.Q1 2022
+ Net income (loss) attributable to Expedia Group, Inc.Q4 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q3 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q2 2021)
÷ (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals several notable trends in the quarterly performance over the examined periods.
- Net income (loss) attributable to the company (US$ in millions)
- Net income values display considerable volatility across quarters. Initial periods showed variability ranging from negative to positive, with significant positive spikes notably in late 2017 and 2019. However, from early 2020 onward, a pronounced decline is evident, with substantial losses recorded, particularly in the early quarters of 2020. The trend recovers somewhat from mid to late 2021 with returns to profitability but declines again in the first quarter of 2022.
- Revenue (US$ in millions)
- Revenue figures indicate a general growth trend from 2017 through 2019, with quarterly revenues rising steadily from approximately $2,189 million to peaks exceeding $3,500 million. A sharp and notable decrease occurs in 2020, coinciding with the period of global market disruptions, where revenues dropped significantly, reaching lows under $1,000 million in some quarters. From mid-2021 onward, there is a recovery trend, with revenues progressively increasing though not always returning to pre-2020 levels by the first quarter of 2022.
- Net profit margin (%)
- Net profit margin data, available for selected periods, reflects an initial low but positive profitability with margins generally between 2.5% and 5.4% from late 2017 through 2019. Starting in early 2020, the margin plunges sharply into negative territory, reflecting the significant net losses during that period. The margins reach their lowest at nearly -50% in late 2020, followed by a gradual improvement through 2021, eventually recovering to near break-even and low positive margins by early 2022.
Overall, the data suggests the company experienced strong pre-2020 revenue growth and profitability. The onset of 2020 brought severe financial challenges, with steep declines in both revenue and profitability. By 2021, signs of recovery are clear, although fluctuations continue, and performance remains below pre-pandemic highs in some respects as of early 2022.
Return on Equity (ROE)
Expedia Group Inc., ROE calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Expedia Group, Inc. | ||||||||||||||||||||||||||||
| Total Expedia Group, Inc. stockholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | ||||||||||||||||||||||||||||
| Home Depot Inc. | ||||||||||||||||||||||||||||
| Lowe’s Cos. Inc. | ||||||||||||||||||||||||||||
| TJX Cos. Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
ROE = 100
× (Net income (loss) attributable to Expedia Group, Inc.Q1 2022
+ Net income (loss) attributable to Expedia Group, Inc.Q4 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q3 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q2 2021)
÷ Total Expedia Group, Inc. stockholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data reveals several notable trends over the observed quarters. The net income attributable to the company exhibits significant volatility, with positive peaks interspersed with considerable losses. From the first quarter of 2017 through 2019, net income generally trends positively, reaching highs above 400 million US dollars, indicating periods of strong profitability. However, starting in early 2020, there is a pronounced and sustained decline in net income, with large negative results reaching beyond -1.3 billion US dollars in the first quarter of 2020. Although losses diminish towards the end of 2020 and into 2021, net income continues to fluctuate, including a return to positive territory in several quarters of 2021, before again declining in the first quarter of 2022.
Total stockholders’ equity shows a gradual decreasing trend over time. In the early periods, equity values fluctuate modestly around a range of approximately 4,000 to 4,600 million US dollars. Beginning in 2020, however, equity sharply decreases to levels near 2,300 million US dollars and continues to hover around this reduced range through early 2022. This decline in equity corresponds chronologically with the sustained negative net income periods, suggesting accumulated losses have adversely impacted the equity base.
Return on Equity (ROE) data, available from late 2017 onward, highlights a similar trajectory. Initial ROE values are positive, generally ranging from around 6.8% to over 14%, reflecting effective use of equity to generate net income. This positive performance deteriorates rapidly in 2020, with ROE turning deeply negative, reaching levels beyond -100%, signifying severe losses relative to shareholders’ equity during this period. Although ROE improves somewhat in 2021, evidenced by movement towards positive territory and ultimately achieving 22.52% in the first quarter of 2022, the overall period reflects substantial financial stress and recovery challenges.
In summary, the analyzed data illustrates a period of initial operational profitability disrupted by a significant downturn beginning in early 2020, reflecting major financial losses and erosion of shareholder equity. This downturn greatly affected profitability measures, including ROE, though early 2021 shows initial signs of recovery. The patterns suggest substantial external or internal challenges severely impacting financial performance and capital structure, with tentative improvements emerging only in the most recent quarters.
Return on Assets (ROA)
Expedia Group Inc., ROA calculation (quarterly data)
| Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Expedia Group, Inc. | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Amazon.com Inc. | ||||||||||||||||||||||||||||
| Home Depot Inc. | ||||||||||||||||||||||||||||
| Lowe’s Cos. Inc. | ||||||||||||||||||||||||||||
| TJX Cos. Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q1 2022 Calculation
ROA = 100
× (Net income (loss) attributable to Expedia Group, Inc.Q1 2022
+ Net income (loss) attributable to Expedia Group, Inc.Q4 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q3 2021
+ Net income (loss) attributable to Expedia Group, Inc.Q2 2021)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income (Loss) Trends
- The net income attributable to the company experienced significant volatility over the observed quarters. Initially, net income showed positive spikes, notably in the third quarter of 2017 with 352 million USD and again in the third quarter of 2019 reaching 409 million USD. These positive results, however, were interspersed with losses in several quarters, such as the first quarter of 2017 (-86 million USD), the first quarter of 2018 (-137 million USD), and the fourth quarter of 2018 (-103 million USD). The onset of 2020 marked a challenging period, with steep declines culminating in a substantial loss of -1301 million USD in the first quarter of 2020. Losses persisted through 2020, although some recovery signs emerged by the end of 2021 with positive net income reported (e.g., 386 million USD in the fourth quarter of 2021). The first quarter of 2022 again showed a return to a net loss of -122 million USD.
- Total Assets Trends
- Total assets displayed a generally increasing trend across the timeframe. Starting from 17,669 million USD in the first quarter of 2017, assets rose with periods of fluctuation, reaching a peak of 24,577 million USD in the first quarter of 2022. Notable increases occurred mainly from 2020 onward, indicating asset growth despite the company's net income volatility. Some intermediate decreases were observed, such as between the fourth quarter of 2018 and the third quarter of 2020; however, the overall trajectory remains upward.
- Return on Assets (ROA) Trends
- Return on assets data show a clear shift from positive to negative values starting in 2020. In 2017 and 2018, ROA fluctuated in the positive range between approximately 1.3% and 2.8%, reflecting moderate profitability. However, starting from the first quarter of 2020, ROA turned negative and deepened significantly, reaching its nadir at -13.98% in the fourth quarter of 2020. This negative performance persisted throughout 2020 and into early 2021. From the third quarter of 2021 onwards, ROA began to improve, moving back toward zero and briefly turning positive again at 1.9% by the first quarter of 2022, signaling a gradual recovery in asset profitability.
- Overall Insights
- The financial patterns demonstrate a company experiencing substantial operational and market challenges, particularly evident during 2020, with large net losses and negative returns on assets coinciding with the broader economic disruptions of that period. Despite these challenges, the steady increase in total assets suggests ongoing investment or acquisition activity. The recent return to positive ROA and net income figures indicates a recovery phase, though fluctuations in early 2022 highlight continued uncertainty or transitional dynamics in profitability. These insights emphasize the importance of monitoring both operational performance and asset utilization to assess financial health in future periods.