Expedia Group management check
EXPE · Consumer Discretionary · Hotels, Resorts & Cruise Lines · CEO Ariane Gorin
Filings as of
4 good · 3 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $216, against $138 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.41 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.4% of net income$17.6m of reported pay in fiscal 2025, against $1.3bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 3.1 years of payThe CEO holds 162,018 shares, directly or through trusts (unvested awards not counted): about 3.1 years of pay. 3 insiders sold $5.2m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -6.3% a year over the last three fiscal years. Stock-based pay was 2.7% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 years5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 70 | |
| Pay for performance | 70 | 79 | |
| CEO cost | 39 | 44 | |
| Skin in the game | 39 | 36 | |
| Dilution | 100 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Hotels, Resorts & Cruise Lines, by management score. Expedia Group is 10th of 47 in its sector.
Pay versus performance
From the proxy statement filed April 29, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | — | $17.6m | $70.4m | $5.4m | $216 | $138 | $1.3bn |
| 2024 | — | $24.9m | $37.3m | $7.0m | $141 | $115 | $1.2bn |
| 2023 | — | $1.0m | $159.0m | $5.0m | $115 | $87 | $688.0m |
| 2022 | — | $1.1m | −$235.8m | $7.7m | $66 | $59 | $343.0m |
| 2021 | — | $296.2m | $382.1m | $5.3m | $137 | $98 | $15.0m |
Its other key measures: Revenue Growth, Adjusted EBITDA Margin Growth, Operational Efficiency.
Insiders and the CEO's stake
Ariane Gorin (Chief Executive Officer) held 162,018 shares directly after their latest Form 4 on Aug 15, 2026, roughly $53.9m at that filing's price.
3 insiders sold $5.2m in the last six months and none bought.
- SoldRobert J DzielakChief Legal Officer & Sec'y$3.0mAug 24, 2026
- SoldLance A SolidaySVP & Chief Accounting Officer$1.1mAug 18, 2026
- SoldCraig A JacobsonDirector$1.0mAug 13, 2026
Leadership and governance on file
- Apr 23, 2026Leadership change8-K 5.02
- Dec 19, 2024Leadership change8-K 5.02
- Nov 7, 2024Leadership change8-K 5.02
- Sep 11, 2024Leadership change8-K 5.02
- Feb 8, 2024Leadership change8-K 5.02
- Jun 2, 2023Leadership change8-K 5.02
- Feb 16, 2023Leadership change8-K 5.02
- Oct 31, 2022Leadership change8-K 5.02
- Sep 14, 2022Leadership change8-K 5.02
- Jun 22, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 23, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.9bn returned to owners in buybacks and dividends, 193% of net income, and $2.1bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.6bn | $11.7bn | $12.8bn | $13.7bn | $14.7bn |
| Net income | $15.0m | $343.0m | $688.0m | $1.2bn | $1.3bn |
| Stock-based pay | $418.0m | $374.0m | $413.0m | $458.0m | $398.0m |
| Buybacks | $165.0m | $607.0m | $2.1bn | $1.8bn | $1.9bn |
| Dividends | — | — | $0 | $0 | $200.0m |
| Diluted shares | 150m | 162m | 150m | 138m | 132m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.