Stockholders’ Equity

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Stockholders’ Equity

Stockholders’ Equity

Dividends on our Common Stock

During the first quarter of 2025, the Board of Directors approved the reinstatement of quarterly common stock dividends. The Executive Committee, acting on behalf of the Board of Directors, declared and we paid the following dividends during the period presented:

Declaration Date	Dividend Per Share		Record Date	Total Amount (in millions)		Payment Date
Three Months Ended March 31, 2025
February 4, 2025	$	0.40	March 6, 2025	$	51	March 27, 2025

In addition, in May 2025, the Executive Committee, acting on behalf of the Board of Directors, declared a quarterly cash

dividend of $0.40 per share of outstanding common stock payable on June 18, 2025 to stockholders of record as of the close of business on May 29, 2025. Future declarations of dividends are subject to final determination by our Board of Directors.

Treasury Stock

As of March 31, 2025, the Company’s treasury stock was comprised of approximately 166.2 million shares of common stock and 7.3 million Class B shares. As of December 31, 2024, the Company’s treasury stock was comprised of approximately 164.2 million shares of common stock and 7.3 million Class B shares.

Share Repurchase Programs. In 2023, the Executive Committee of the Board of Directors, pursuant to a delegation of authority from the Board, authorized a program to repurchase up to $5 billion of our common stock (“2023 Share Repurchase Program”). During the three months ended March 31, 2025, we repurchased, through open market transactions, 1.7 million shares under the 2023 Share Repurchase Program for a total cost of $330 million, excluding transaction costs and excise tax due under the Inflation Reduction Act of 2022, representing an average repurchase price of $189.29 per share. As of March 31, 2025, $2.9 billion remains authorized for repurchase under the 2023 Share Repurchase Program. Our 2023 Share Repurchase Program does not have fixed expiration dates and does not obligate the Company to acquire any specific number of shares. Under the program, shares may be repurchased in the open market or in privately negotiated transactions. The timing, manner, price and amount of any repurchases will be subject to the discretion of the Company and depend on a variety of factors, including the market price of Expedia Group’s common stock, general market and economic conditions, regulatory requirements and other business considerations. Subsequent to the end of the first quarter of 2025, we repurchased an additional 1.0 million shares for a total cost of $154 million, excluding transaction costs and excise tax, representing an average purchase price of $154.90 per share.

Stock-based Awards

Stock-based compensation expense relates primarily to expense for restricted stock units (“RSUs”) and performance stock units (“PSUs”). As of March 31, 2025, we had stock-based awards outstanding representing approximately 11 million shares of our common stock, consisting of approximately 8 million RSUs and PSUs and options to purchase approximately 2 million shares of our common stock with an exercise price of $157.18 and a remaining life of 1.5 years.

Annual employee stock-based award grants typically occur during the first quarter of each year and, starting in the first quarter of 2025, generally vest over three years. During the three months ended March 31, 2025, we granted approximately 2.6 million RSUs and PSUs.

Accumulated Other Comprehensive Income (Loss)

The balance of AOCI as of March 31, 2025 and December 31, 2024 was comprised of foreign currency translation adjustments. These translation adjustments include foreign currency transaction gains as of March 31, 2025 of $8 million ($11 million before tax) and $19 million ($25 million before tax) as of December 31, 2024 associated with our cross-currency interest rate swaps as described in Note 3 – Fair Value Measurements. Additionally, translation adjustments include foreign currency transaction losses of $7 million ($10 million before tax) as of both March 31, 2025 and December 31, 2024 associated with previously settled Euro-denominated notes that were designated as net investment hedges.