Expedia Group, Inc. EXPE

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
66/100
Moderate

About Expedia Group, Inc.

Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. The B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; and Orbitz, Travelocity, ebookers, and Wotif Group. … Full EXPE analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.94), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 88.2th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
82

Where EXPE ranks in Travel Services

Expedia Group, Inc. ranks #5 of 20 scored companies in Travel Services by moat score — the top 25%. The widest moat in the group is Booking Holdings Inc. Common St (BKNG) at 76/100.

Moat scores for companies ranked near EXPE in Travel Services
# Company Moat score Rating
1 Booking Holdings Inc. Common St BKNG 76/100 Strong
2 Trip.com Group Limited TCOM 70/100 Moderate
3 Travel Leisure Co. TNL 69/100 Moderate
4 Airbnb, Inc. ABNB 68/100 Moderate
5 Expedia Group, Inc. EXPE 66/100 Moderate
6 Viking Holdings Ltd VIK 62/100 Moderate
7 Royal Caribbean Cruises Ltd. RCL 59/100 Moderate
8 MakeMyTrip Limited MMYT 58/100 Moderate
9 Carnival Plc CUK 54/100 Moderate

See every General Corporate company ranked by moat score →

How EXPE scores on the Corporate Default defenses

Pricing Power

Score 82 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 32 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 80 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 77 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 60 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 47 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding EXPE's moat

What is Expedia Group, Inc.'s moat score?

Expedia Group, Inc. (EXPE) scores 66 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 20 scored companies in Travel Services, the top 25%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Travel Services. Its strongest defense is Pricing Power (82/100) and its weakest is Cost Advantage (32/100).

How does Expedia Group, Inc. compare with other Travel Services companies?

Expedia Group, Inc. ranks #5 of 20 scored companies in Travel Services by moat score. The widest moat in Travel Services is Booking Holdings Inc. Common St (BKNG) at 76/100. The companies ranked closest are Airbnb, Inc. (ABNB) at 68 just above it and Viking Holdings Ltd (VIK) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Travel Services. The defenses are then weighted to produce the overall score out of 100.

Why is Expedia Group, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Expedia Group, Inc.?

The Corporate Default template measures 6 defenses, and EXPE scores: Pricing Power (82), Cost Advantage (32), Customer Stickiness (80), Capital Efficiency (77), Resilience (60), Scale & Market Position (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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