The Business Study

Home/Compare/Booking.com vs Expedia

Booking.com vs Expedia: who makes more money?

Booking.com is bigger: $26.9 billion in revenue against $14.7 billion for Expedia, about 1.8 times as much. It also keeps more of each sale: $20.08 of every $100 versus $8.78. Across 5 rounds from their latest annual reports, Booking.com wins 5.

From each company's latest Form 10-K: Booking.com (year ended December 31, 2025) and Expedia (year ended December 31, 2025). Page updated November 8, 2026.

5Booking.com
–
0Expedia

Revenue Money coming in

Booking.comWins
$26.9 billion
Expedia
$14.7 billion

Net profit After every cost and tax

Booking.comWins
$5.4 billion
Expedia
$1.3 billion

Kept per $100 of sales Profit margin

Booking.comWins
$20.08
Expedia
$8.78

Employees As each 10-K states it

Booking.comMore
24,300
Expedia
16,000

Revenue per employee Revenue ÷ employees

Booking.comWins
$1.11 million
Expedia
$920,812

Growth over 5 years Revenue, first to latest year shown

Booking.comWins
+296%
Expedia
+183%

How each one makes its money.

Booking.com

Booking Holdings (Booking.com, Priceline, Kayak) earns commissions on hotel and travel bookings.

Merchant bookings$17.8B66% of total
Agency commissions$8.0B30% of total
Ads and other$1.2B4% of total
How Booking.com makes money
Expedia

Expedia earns commissions and markups on hotel, flight and travel bookings, plus ads.

Hotels and rentals$11.8B80% of total
Other$1.4B9% of total
Ads$758M5% of total
Trivago$417M3% of total
Flights$407M3% of total
How Expedia makes money

Quick answers.

Who makes more money, Booking.com or Expedia?

Booking.com: $26.9 billion in revenue against $14.7 billion.

Which is more profitable, Booking.com or Expedia?

Booking.com keeps more of each dollar ($20.08 of every $100). In total profit, Booking.com made more: $5.4 billion.

Which has more employees, Booking.com or Expedia?

Booking.com, with about 24,300 against 16,000.

Swap in another company

Sources: Booking Holdings Inc. Form 10-K and Expedia Group, Inc. Form 10-K on SEC EDGAR. Fiscal years can end in different months, so each side uses its own latest year. Profit means net income.