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Expedia vs RXO: revenue, profit, margins and growth compared

Expedia brought in $14.7B of revenue in fiscal 2025, RXO $5.7B in fiscal 2025. Revenue changed by +7.6% at Expedia and +26.2% at RXO on the year before, so RXO grew faster. Expedia kept 8.8% of its revenue as net profit, RXO -1.7%. Free cash flow was $3.1B at Expedia and -$8M at RXO.

Side by side, latest fiscal year

EXPERXO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$14.7B$5.7B
Revenue growth+7.6%+26.2%
Net income$1.3B-$100M
Net margin8.8%-1.7%
Free cash flow$3.1B-$8M
Free cash flow margin21.1%-0.1%
Earnings per share (diluted)$9.81-$0.59
Cash$5.4B$17M
Debt$6.2B$404M
Price to earnings26.9n/a
Market value$30.2B$3.3B
Dividend yield0.61%n/a
Rank by revenue in sector#90 of 778 · Consumer discretionary#184 of 778 · Consumer discretionary

Over the years

Revenue
EXPE FY2018: $11.2BEXPE FY2019: $12.1BEXPE FY2020: $5.2BEXPE FY2021: $8.6BEXPE FY2022: $11.7BEXPE FY2023: $12.8BEXPE FY2024: $13.7BEXPE FY2025: $14.7BRXO FY2020: $3.4BRXO FY2022: $4.7BRXO FY2022: $4.8BRXO FY2023: $3.9BRXO FY2024: $4.6BRXO FY2025: $5.7BFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $14.7BRXO $5.7B
Net income
EXPE FY2018: $406MEXPE FY2019: $565MEXPE FY2020: -$2.6BEXPE FY2021: $12MEXPE FY2022: $352MEXPE FY2023: $797MEXPE FY2024: $1.2BEXPE FY2025: $1.3BRXO FY2020: $43MRXO FY2022: $150MRXO FY2022: $92MRXO FY2023: $4MRXO FY2024: -$290MRXO FY2025: -$100MFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $1.3BRXO -$100M
Net margin
EXPE FY2018: 3.6%EXPE FY2019: 4.7%EXPE FY2020: -50.2%EXPE FY2021: 0.1%EXPE FY2022: 3.0%EXPE FY2023: 6.2%EXPE FY2024: 9.0%EXPE FY2025: 8.8%RXO FY2020: 1.3%RXO FY2022: 3.2%RXO FY2022: 1.9%RXO FY2023: 0.1%RXO FY2024: -6.4%RXO FY2025: -1.7%FY18FY19FY20FY21FY22FY23FY24FY25
EXPE 8.8%RXO -1.7%
Revenue growth
EXPE FY2019: +7.5%EXPE FY2020: -56.9%EXPE FY2021: +65.4%EXPE FY2022: +35.7%EXPE FY2023: +10.0%EXPE FY2024: +6.6%EXPE FY2025: +7.6%RXO FY2022: +39.7%RXO FY2022: +2.3%RXO FY2023: -18.1%RXO FY2024: +15.9%RXO FY2025: +26.2%FY19FY20FY21FY22FY23FY24FY25
EXPE +7.6%RXO +26.2%
Free cash flow
EXPE FY2018: $1.1BEXPE FY2019: $1.6BEXPE FY2020: -$4.6BEXPE FY2021: $3.1BEXPE FY2022: $2.8BEXPE FY2023: $1.8BEXPE FY2024: $2.3BEXPE FY2025: $3.1BRXO FY2020: -$22MRXO FY2022: $116MRXO FY2022: $253MRXO FY2023: $25MRXO FY2024: -$57MRXO FY2025: -$8MFY18FY19FY20FY21FY22FY23FY24FY25
EXPE $3.1BRXO -$8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Expedia and RXO

Which is bigger by revenue, Expedia or RXO?

Expedia is bigger by revenue: $14.7B in fiscal 2025, against $5.7B for RXO in fiscal 2025.

Which keeps more of its revenue as profit, Expedia or RXO?

Expedia had a net margin of 8.8% in fiscal 2025; RXO had -1.7% in fiscal 2025.

Which grew revenue faster, Expedia or RXO?

In their latest fiscal years revenue changed by +7.6% at Expedia and +26.2% at RXO.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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