greeksoup/ stock research
Stock research / United States / EXPE / Q4 FY2021

Expedia Group (EXPE) Q4 FY2021 earnings: revenue $2.3 billion, up 147.7% on the year

Expedia Group, Inc. (EXPE) reported revenue of $2.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 147.7% on the same quarter a year earlier. Net income was $386 million, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.

Revenue
$2.3 billion
+147.7% on the year · -23.1% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
7.2%
-50.3% a year earlier
Q1 FY2020Q4 FY2021
Net income
$386 million
+2.7% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$2.13
-5.8% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue2,2792,962920-23.1%+147.7%
Cost of revenue395n/an/a
Gross profit1,884n/an/a
Gross margin82.7%n/an/a
Operating income163524-463-68.9%
Operating margin7.2%17.7%-50.3%
Interest expense84.0n/an/a
Pre-tax income471n/an/a
Income tax76.0n/an/a
Effective tax rate16.1%n/an/a
Net income386376-383+2.7%
Net margin16.9%n/an/a
Diluted EPS$2.13$2.26-$2.89-5.8%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow285n/an/a
Capital expenditure143n/an/a
Free cash flow142n/an/a
Free cash flow margin6.2%n/an/a
Cash from investing-425n/an/a
Cash from financing-622n/an/a
Depreciation and amortisation199201212-1.0%-6.1%
Share-based compensation99.0n/an/a
Buybacks57.0n/an/a
Dividends paid0.0n/an/a
Diluted shares, weighted150m160mn/a-6.7%
Shares outstanding at period end150m146m138m+2.9%+8.7%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity2,0571,6031,510+28.3%+36.2%
Non-controlling interest1,495n/an/a
Redeemable equity0.0n/an/a
Debt8,4508,4658,216-0.2%+2.8%
Operating lease liabilities360n/an/a
Other liabilities9,186n/an/a
Total liabilities and equity21,548n/an/a
Fixed assets2,180n/an/a
Goodwill7,171n/an/a
Intangible assets1,393n/an/a
Investments200n/an/a
Cash and equivalents4,1115,0313,363-18.3%+22.2%
Receivables1,264n/an/a
Other assets5,229n/an/a
Total assets21,548n/an/a

Questions

What was Expedia Group's revenue in Q4 FY2021?

Expedia Group (EXPE) reported revenue of $2.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 147.7% on the same quarter a year earlier.

How much did Expedia Group earn in Q4 FY2021?

Net income for Q4 FY2021 was $386 million, and diluted earnings per share $2.13.

When did Expedia Group report Q4 FY2021 results?

Expedia Group filed its 10-K for the year that ended with the quarter on 11 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,2792,2493,1813,6192,6182,6653,3583,9292,8872,8893,5584,0603,1842,9883,7864,4123,5473,4264,3154,938
Cost of revenue395371419455412414407412340358362388335357377376346377403419
Gross profit1,8841,8782,7623,1642,2062,2512,9513,5172,5472,5313,1963,6722,8492,6313,4094,0363,2013,0493,9124,519
Gross margin83%84%87%87%84%84%88%90%88%88%90%90%89%88%90%91%90%89%91%92%
Operating income163-135345747128-121443607104-110451762216-70.04851,0364202518001,326
Operating margin7%-6%11%21%5%-5%13%15%4%-4%13%19%7%-2%13%23%12%7%19%27%
Interest expense84.081.073.063.060.061.061.062.061.062.061.061.062.058.058.062.012111161.063.0
Pre-tax income471-208-127690183-61.0464444171-155488874335-2174231,13125425.01,0271,303
Tax rate16%n/an/a31%4%n/a17%31%20%n/a23%22%10%n/a24%15%17%148%15%20%
Net income386-122-185482177-145385425132-135386684299-200330959205-6.08781,030
Net margin17%-5%-6%13%7%-5%11%11%5%-5%11%17%9%-7%9%22%6%-0%20%21%
Diluted EPS$2.13-$0.78-$1.17$2.98$1.11-$0.95$2.54$2.87$0.92-$0.99$2.80$5.04$2.20-$1.56$2.48$7.33$1.60-$0.05$7.16$8.42
Operating cash flow2852,9911,628-997-1823,1571,146-1,375-2382,8791,501-1,4931982,9521,121-4973043,9311,478-1,157
Capital expenditure143156159170177233223213177177194194191196200189185184199242
Free cash flow1422,8351,469-1,167-3592,924923-1,588-4152,7021,307-1,6877.02,756921-6861193,7471,279-1,399
Buybacks57.047.022.0172366469593607468643529469198384688531327788270669
Dividends paid0.00.00.00.00.00.00.00.00.00.00.00.00.051.051.049.049.058.058.057.0
Shares outstanding150m152m152m151m148m144m139m134m132m128m125m123m123m122m119m118m117m114m114m113m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 11 February 2022: the filing.