How Expedia Group Makes Money (2026)
Expedia Group makes money mainly from Lodging. Its FY2025 total revenue was $14,733 million ($14.7 billion), with Lodging the biggest disclosed revenue line at $11,752 million ($11.8 billion) and 79.8% of total revenue (computed from the 10-K FY2025). Expedia earns lodging revenue through merchant, agency, and subscription listing models.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Lodging | $11,752 million ($11.8 billion) | 79.8% | 10-K FY2025 ↗ |
| Air | $407 million | 2.8% | 10-K FY2025 ↗ |
| EG Advertising | $758 million | 5.1% | 10-K FY2025 ↗ |
| Trivago Advertising | $417 million | 2.8% | 10-K FY2025 ↗ |
| Other Services | $1,399 million ($1.4 billion) | 9.5% | 10-K FY2025 ↗ |
| Total revenue | $14,733 million ($14.7 billion) | — | 10-K FY2025 ↗ |
The hidden model
Expedia earns lodging revenue through merchant, agency, and subscription listing models.
Expedia earns lodging revenue through merchant, agency, and subscription listing models. verified
Our lodging revenue is comprised of revenue recognized under the merchant, agency and Vrbo subscription-based listing services model.
Business models
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Business model comparisons
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Frequently asked questions
How does Expedia Group make money?
Expedia Group makes money mainly from Lodging. Its FY2025 total revenue was $14,733 million ($14.7 billion), with Lodging the biggest disclosed revenue line at $11,752 million ($11.8 billion) and 79.8% of total revenue (computed from the 10-K FY2025). Expedia earns lodging revenue through merchant, agency, and subscription listing models.
What is Expedia Group’s business model?
Expedia Group’s business model is Marketplace. A platform attracts supply and demand, supports discovery and trust, and earns commissions, listing fees, or service fees when participants transact. Expedia earns lodging revenue through merchant, agency, and subscription listing models.
What is Expedia Group’s hidden model?
Expedia earns lodging revenue through merchant, agency, and subscription listing models.