Expedia Group revenue by business model 2025| ��ƽ��

Revenue of Expedia Group from 2007 to 2025, by business model (in million U.S. dollars)

Characteristic	Merchant	Agency	Advertising, media, and other
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Sources

Release date

February 2026

More information

Region

Worldwide, United States

Survey time period

2007 to 2025

Special properties

fiscal years ending December 31

Supplementary notes

The merchant model facilitates the booking of hotel rooms and other accommodation establishments, airline seats, car rentals, and destination services from Expedia’s travel suppliers. Expedia is the merchant of record for such bookings.

The agency model facilitates travel bookings by acting as the agent in the transaction, passing reservations booked by the customer to the relevant travel portal. Expedia receives commissions or ticketing fees from the travel suppliers and/or traveler.

The advertising and media model offers travel and non-travel advertisers access to a potential source of incremental traffic and transactions via media and advertising offerings on trivago or Expedia’s other transaction-based websites.

Data prior to 2022 were previously published by the source.

Citation formats

Expedia Group's global revenue increased by *** percent in 2025 over the previous year. Overall, the merchant business model, which facilitates travel bookings from travel suppliers, generated over **** billion U.S. dollars in 2025, the highest figure reported over the period considered. In contrast, the company's revenue based on the agency business model remained below pre-pandemic levels in 2025, reaching around *** billion U.S. dollars.