With Expedia Stock Surging, Have You Considered The Downside?
Expedia (EXPE) stock is up 15.7% in 5 trading days. The rally reflects renewed optimism around its PredictHQ partnership, dividend hike, and B2B growth, but big moves like this often invite a tougher question: is the stock truly resilient when markets reverse?
Before judging its downturn reslience, let’s look at where Expedia stands today.
- Size: Expedia is a $31 Bil company with $15 Bil in revenue currently trading at $249.62.
- Fundamentals: Last 12 month revenue growth of 7.6% and operating margin of 14.7%.
- Liquidity: Has Debt to Equity ratio of 0.21 and Cash to Assets ratio of 0.23
- Valuation: Expedia stock is currently trading at P/E multiple of 23.7 and P/EBIT multiple of 16.2
- Has returned (median) 27.1% within a year following sharp dips since 2010. See EXPE Dip Buy Analysis.
These metrics point to a Moderate operational performance, alongside Moderate valuation – making the stock Fairly Priced. For details, see Buy or Sell EXPE Stock
That brings us to the key consideration for investors chasing this rally: how resilient is EXPE stock if markets turn south? This is where our downturn resilience framework comes in. Suppose EXPE stock falls 20-30% to $175 – can investors comfortably hold on? Turns out, the stock has fared much worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
2022 Inflation Shock
- EXPE stock fell 60.9% from a high of $213.80 on 16 February 2022 to $83.69 on 28 December 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 22 August 2025
- Since then, the stock increased to a high of $301.31 on 8 January 2026 , and currently trades at $249.62
| EXPE | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -60.9% | -25.4% |
| Time to Full Recovery | 968 days | 464 days |
2020 Covid Pandemic
- EXPE stock fell 62.8% from a high of $122.80 on 14 February 2020 to $45.65 on 18 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 9 November 2020
| EXPE | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -62.8% | -33.9% |
| Time to Full Recovery | 236 days | 148 days |
2018 Correction
- EXPE stock fell 40.9% from a high of $159.50 on 28 July 2017 to $94.31 on 20 November 2019 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 22 February 2021
| EXPE | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -40.9% | -19.8% |
| Time to Full Recovery | 460 days | 120 days |
2008 Global Financial Crisis
- EXPE stock fell 82.7% from a high of $70.08 on 5 October 2007 to $12.10 on 20 November 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 7 January 2014
| EXPE | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -82.7% | -56.8% |
| Time to Full Recovery | 1,874 days | 1,480 days |
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