Expedia Group
Expedia Group returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 129.36% | 31.2% | — | 199.12% | 7.27% | 121.7 pp |
| FY 2026 Q1 | Mar 31, 2026 | 99.19% | 29.95% | — | 180.58% | 5.66% | 91.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 37.42% | 22.58% | — | 91.09% | 5.53% | 29.7 pp |
| FY 2025 Q3 | Sep 30, 2025 | 39.09% | 20.25% | — | 104.4% | 5.72% | 31.4 pp |
| FY 2025 Q2 | Jun 30, 2025 | 52.81% | 17.98% | — | 129.04% | 4.21% | 45.1 pp |
| FY 2025 Q1 | Mar 31, 2025 | 38.67% | 16.24% | 257.7% | 119.16% | 4.6% | 31 pp |
| FY 2024 Q4 | Dec 31, 2024 | 21.6% | 14.16% | 513.02% | 79.84% | 5.61% | 13.9 pp |
| FY 2024 Q3 | Sep 30, 2024 | 22.55% | 12.99% | — | 71.25% | 4.65% | 14.8 pp |
| FY 2024 Q2 | Jun 30, 2024 | 28.3% | 11.44% | — | 61.03% | 3.13% | 20.6 pp |
| FY 2024 Q1 | Mar 31, 2024 | 24.68% | 10.67% | — | 59.29% | 3.24% | 17 pp |
| FY 2023 Q4 | Dec 31, 2023 | 13.07% | 10.01% | — | 41.76% | 3.69% | 5.4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 15.74% | 10.2% | — | 42.73% | 3.79% | 8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 21.8% | 11.32% | — | 49.01% | 3.57% | 14.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 11.17% | 9.78% | — | 16.83% | 1.33% | 3.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 10.05% | 9.48% | — | 16.22% | 1.63% | 2.4 pp |
| FY 2022 Q3 | Sep 30, 2022 | 12.84% | 9.76% | — | 23.3% | 2.56% | 5.1 pp |
| FY 2022 Q2 | Jun 30, 2022 | 13.69% | 7.67% | — | 22.02% | 1.86% | 6 pp |
| FY 2022 Q1 | Mar 31, 2022 | 6.26% | 3.33% | — | 13.08% | 2.02% | -1.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | — | 1.47% | — | -15.08% | 0.06% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | -3.35% | — | -59.17% | -3.64% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | -8.13% | — | -108.83% | -5.75% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -15.01% | — | -114.52% | -8.94% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -22.67% | — | -98.12% | -13.03% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | -16.87% | — | -75.62% | -10.49% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | -11.19% | — | -51.65% | -7.04% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -2.47% | — | -19.93% | -3.06% | — |
| FY 2019 Q4 | Dec 31, 2019 | 9.46% | 8.74% | 34.42% | 14% | 2.86% | 1.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 9.01% | 7.92% | -3.58% | 11.81% | 2.5% | 1.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 12.61% | 8.76% | — | 14.97% | 2.91% | 4.9 pp |
| FY 2019 Q1 | Mar 31, 2019 | 10.61% | 7.24% | — | 10.63% | 2.13% | 2.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 8.11% | 6.93% | — | 9.41% | 2.22% | 0.4 pp |
| FY 2018 Q3 | Sep 30, 2018 | 8.85% | 6.92% | — | 9.88% | 2.33% | 1.1 pp |
| FY 2018 Q2 | Jun 30, 2018 | — | 5.43% | — | 6.63% | 1.39% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 5.31% | — | 7.9% | 1.72% | — |
| FY 2017 Q4 | Dec 31, 2017 | 7.64% | 6.16% | 25.44% | 8.73% | 2.2% | -0.1 pp |
| FY 2017 Q3 | Sep 30, 2017 | — | 6.5% | — | 9.48% | 2.29% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 5.88% | — | 7.82% | 1.86% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 5.1% | — | 6.98% | 1.79% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 4.8% | — | 6.27% | 1.8% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 4.24% | — | 5.58% | 1.24% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 3.93% | — | 5.72% | 1.26% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 5.11% | — | 19.01% | 4.51% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 5.74% | — | 23% | 6.23% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 8.44% | — | 38.97% | 7.72% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 8.41% | — | 40.98% | 7.75% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 10.22% | — | 24.96% | 4.8% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 11.16% | — | 20.26% | 4.75% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 12% | — | 20.92% | 4.84% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 11.3% | — | 16.6% | 3.79% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 10.55% | — | 15.54% | 3.73% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 8.56% | — | 10.52% | 3.14% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 5.27% | — | 6.35% | 1.84% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 5.06% | — | 6.52% | 1.79% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 6.71% | — | 8.52% | 2.35% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 10.72% | — | 12.51% | 4.12% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 11.26% | — | 13.06% | 4.53% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 12.83% | — | 14.93% | 4.91% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 15.23% | — | 17.55% | 5.84% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 11.01% | — | 19.39% | 7.18% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 15.03% | — | 16.88% | 6.39% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 15.96% | — | 16.05% | 6% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · EXPE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.