Franopolis

    Expedia CruiseShipCenters

    Franchise research report · reviewed 2026 disclosure data

    Researching Expedia CruiseShipCenters franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources
    Franchising since
    1987
    Source: franchise.org
    Headquarters
    Vancouver, BC Canada
    Source: franchise.org

    Expedia CruiseShipCenters, now operating as Expedia Cruises, sells cruise vacations and other travel products. Franchise centers and travel advisers assist customers with vacation planning through local locations and online channels.

    Headline figures

    Quick facts

    How much does it cost to open an Expedia CruiseShipCenters franchise?
    The Expedia CruiseShipCenters Franchise Disclosure Document reports separate estimated initial investments by format: $113,800 for preopening costs subtotal range low (2026 FDD, Item 7, PDF p. 19); $149,300 for totalinvestment range low (2026 FDD, Item 7, PDF p. 19). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What ongoing fees does Expedia CruiseShipCenters charge?
    The disclosed ongoing royalty is $9 (2026 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is $1,500 (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
    Does Expedia CruiseShipCenters disclose financial performance (Item 19)?
    Yes. The Expedia CruiseShipCenters FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 44). Figures apply only to the locations and period each one covers. Details
    How many Expedia CruiseShipCenters locations are there?
    The FDD reports 93 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 48). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $113,800 (Preopening costs subtotal range low); $149,300 (Totalinvestment range low); several initial fee options apply.
    2. 2Item 19 covers 17 separate groups: other measures for Franchised locations; revenue for 59 Franchised locations; revenue for 13 Franchised locations; other measures for 59 Franchised commercial storefront locations; revenue for 11 Franchised locations; other measures for 13 Franchised commercial storefront locations; other measures for 11 Franchised commercial storefront locations; other measures for 59 Franchised commercial storefront locations; other measures for 59 Franchised commercial storefront locations; other measures for 6 Franchised commercial storefront locations; other measures for 59 Franchised commercial storefront locations; revenue for 6 Franchised locations; other measures for 59 Franchised locations; other measures and costs and memberships for locations; adjusted operating results for locations; other measures and revenue for locations; revenue for 3 Franchised locations. They are not combined.
    3. 3Outlets declined by 5 in 2025, to 93 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • Preopening costs subtotal range lowPDF p. 19$113,800
    • Totalinvestment range lowPDF p. 19$149,300

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty service monthly supplierpaid grossrevenueMain ongoing fee

    53 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    17 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures

    Who is counted
    Mature USA commercialstorefront franchises
    Excluded
    Competingtravelconversions,nonstorefront,oneatypicalhighcostfranchiseexcluded
    Method
    2025historical commissionable fare/bookings excltax/noncommissionable; highperformer individual75thpercentile.

    Locations counted: not stated in the reviewed record

    Revenue · 59 locations

    Who is counted
    Mature
    Excluded
    Competingtravelconversions,nonstorefront,oneatypicalhighcostfranchiseexcluded
    Method
    Historical actual bookings separate from projectedroundedperformancelevels; commissionablefare excltaxes/noncommissionable except labeledinclusive.

    Locations counted: not stated in the reviewed record

    Revenue · 13 locations

    Who is counted
    Firstyear
    Excluded
    New centers opened by existing franchisees and 3 atypical franchises that did not recruit a minimal number of productive Consultants and did not offset lower Consultant sales with higher Franchise Owner sales were excluded.
    Method
    Historical actual bookings separate from projectedroundedperformancelevels; commissionablefare excltaxes/noncommissionable except labeledinclusive.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Mature USA Medium
    Period
    Consultants average duringyear
    Excluded
    Competing Travel Business conversions, franchises not operated from a commercial storefront, and one franchisee with an atypically high cost base were excluded from the mature-store population.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Revenue · 11 locations

    Who is counted
    Secondyear
    Excluded
    New centers opened by existing franchisees and 3 atypical franchises that did not recruit a minimal number of productive Consultants and did not offset lower Consultant sales with higher Franchise Owner sales were excluded from first-, second-, and third-year projections.
    Method
    Historical actual bookings separate from projectedroundedperformancelevels; commissionablefare excltaxes/noncommissionable except labeledinclusive.

    Locations counted: not stated in the reviewed record

    Other measures · 13 locations

    Who is counted
    Firstyear USA Medium
    Period
    Consultants average duringyear
    Excluded
    New centers opened by existing franchisees and 3 atypical franchises that did not recruit a minimal number of productive Consultants and did not offset lower Consultant sales with higher Franchise Owner sales were excluded from first-, second-, and third-year projections.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Other measures · 11 locations

    Who is counted
    Secondyear USA Medium
    Period
    Consultants average duringyear
    Excluded
    New centers opened by existing franchisees and 3 atypical franchises that did not recruit a minimal number of productive Consultants and did not offset lower Consultant sales with higher Franchise Owner sales were excluded from first-, second-, and third-year projections.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Mature USA Low
    Period
    Total bookings projected
    Excluded
    Competing Travel Business conversions, franchises not operated from a commercial storefront, and one franchisee with an atypically high cost base were excluded from the mature-store population.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Mature USA Upper
    Period
    Total bookings projected
    Excluded
    Competing Travel Business conversions, franchises not operated from a commercial storefront, and one franchisee with an atypically high cost base were excluded from the mature-store population.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Other measures · 6 locations

    Who is counted
    Thirdyear USA Medium
    Period
    Total bookings projected
    Excluded
    New centers opened by existing franchisees and 3 atypical franchises that did not recruit a minimal number of productive Consultants and did not offset lower Consultant sales with higher Franchise Owner sales were excluded from first-, second-, and third-year projections.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Mature USA High
    Period
    Total departed revenue projected
    Excluded
    Competing Travel Business conversions, franchises not operated from a commercial storefront, and one franchisee with an atypically high cost base were excluded from the mature-store population.
    Method
    SOURCE PROJECTIONS based on CruiseDesk unaudited reporting, not agent calculation. Low25thpercentile,Mediummean,High75th,Upper90th. Bookings/departed are commissionablefare exclude taxes/noncommissionable; grossrevenue commission; netrevenue deducts consultantcommission/franchisor fees but not operatingcosts. Ownerdirectsales excludedconsultantpay. Source operatingcostassumptions February2020noinflation.

    Locations counted: not stated in the reviewed record

    Revenue · 6 locations

    Who is counted
    Thirdyear
    Excluded
    (2) Amounts presented for the first , second and third year s of a franchise's operations are projected based upon the historical performance of Expedia Cruises ® franchises that have been operating since 2023 . . These projections are based on franchises that are typical of the type of Travel Business that you will operate. New Centers opened by existing franchisees are not included in these projections, as these franchises typically perform to a higher level than experienced by a new franchisee. For purpose s of these projections, we also excluded 3 franchises with atypical results that did not recruit a minimal number of productive Consultants and did not offset the resultant lower Consultant sales through a high er level of Franchise O wner sales. (However, we did provide historical performance information on these 3 franchises in note 2 below)
    Method
    Historical actual bookings separate from projectedroundedperformancelevels; commissionablefare excltaxes/noncommissionable except labeledinclusive.

    Locations counted: not stated in the reviewed record

    Other measures · 59 locations

    Who is counted
    Mature USA commercial storefront franchises
    Excluded
    Travel Businesses owned by the Franchisor are excluded.
    Method
    Historical actual bookings separate from projectedroundedperformancelevels; commissionablefare excltaxes/noncommissionable except labeledinclusive.

    Locations counted: not stated in the reviewed record

    Costs, memberships and other measures

    Who is counted
    Projected owner-managedretailstore independentcontractorconsultants
    Method
    SOURCE PROJECTIONS; ownerreceivesnoseparatesalary,commissionsonly,noemployees. Excludesincome taxes/equipmentleasepurchase/depreciation/amortization/interest/debtrepayment. Source trailing91300notexplained omitted; no agentreconciliation.

    Locations counted: not stated in the reviewed record

    Adjusted operating results

    Adjusted company-owned results: the franchisor adjusted these centers' expenses to estimate franchisee costs. They are not observed franchisee results or owner take-home income.

    Who is counted
    Projected operating costs
    Method
    February2020conditions no inflationadjustment; owner-manager no salary excludes taxes/equipmentfinancing.

    Locations counted: not stated in the reviewed record

    Revenue and other measures

    Who is counted
    Maturestorehistorical/consultantmethodology as labeled
    Method
    Source economics/thresholds no agentcomputation; suppliercommissions revenue distinctgrossbookings.

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Excluded atypical firstyear franchises
    Excluded
    Excluded atypical first-year franchises that did not recruit enough Consultants and did not offset lower Consultant sales through higher Franchise Owner sales.
    Method
    <=4consultantsaveragingmonthly2000bookingsunlessownersales>=155000annual; not included projectedmeans.

    These groups are never combined. Adjusted company-owned operating results cannot be divided by franchised revenue to calculate a franchisee profit margin.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 48

    Net −6 outlets, 2023–2025

    0992023982024932025−1−5

    Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($113,800 – $149,300) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units decreased from 98 to 93 in 2025. What drove the change?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Item 19 — Locations counted not stated in the reviewed record — Mature USA commercialstorefront franchises · PDF p. 44
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Mature · PDF p. 46
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Firstyear · PDF p. 46
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Mature USA Medium · PDF p. 43; PDF p. 44; PDF p. 45; PDF p. 46
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Secondyear · PDF p. 46
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Firstyear USA Medium · PDF p. 43; PDF p. 45; PDF p. 46; PDF p. 44
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Secondyear USA Medium · PDF p. 43; PDF p. 44; PDF p. 45; PDF p. 46
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Mature USA Low · PDF p. 43; PDF p. 44; PDF p. 45; PDF p. 46
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Mature USA Upper · PDF p. 43; PDF p. 44; PDF p. 45; PDF p. 46
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Thirdyear USA Medium · PDF p. 43; PDF p. 44; PDF p. 45; PDF p. 46
    11. [11]Item 19 — Locations counted not stated in the reviewed record — Mature USA High · PDF p. 43; PDF p. 44; PDF p. 46; PDF p. 45
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Thirdyear · PDF p. 46
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Mature USA commercial storefront franchises · PDF p. 44
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Projected owner-managedretailstore independentcontractorconsultants · PDF p. 47
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Projected operating costs · PDF p. 47
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Maturestorehistorical/consultantmethodology as labeled · PDF p. 45
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Excluded atypical firstyear franchises · PDF p. 46
    18. [18]Outlet counts — Item 20, Table 1 · PDF p. 48

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    95 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025proceeds from exercise of equity awards and employee stock purchase plan$50
    2025technology and content$1,277
    2025legal reserves, occupancy tax and other$185
    2025operating income$1,871
    2025interest income$255
    2025interest expense-$299
    2025total other income-$280
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,301
    2025other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$51
    2025comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$17
    2025common stockholders$1,335
    2025cash and cash equivalents$5,413
    2025restricted cash and cash equivalents$1,563
    2025short-term investments$320
    2025income taxes receivable$38
    2025prepaid expenses and other current assets$699
    2025total current assets$12,199
    2025long-term investments and other assets$1,387
    2025deferred income tax assets$432
    2025goodwill$6,872
    2025total assets$24,452
    2025long-term debt, excluding current maturities$4,469
    2025deferred income tax liabilities$20
    2025other long-term liabilities$505
    2025additional paid-in capital$16,565
    2025treasury stock-$16,786
    2025retained earnings$1,696
    2025accumulated other comprehensive income-$191
    2025total expedia group stockholders equity$1,284
    2025non-redeemable non-controlling interest$1,263
    2025total stockholders equity$2,547
    2025total liabilities stockholders equity$24,452
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,301
    2025amortization of stock-based compensation$398
    2025amortization of intangible assets$40
    2025deferred income taxes$78
    2025foreign exchange-$120
    2025accounts payable, merchantMore than one value recorded for this year — open the FDD source before comparing$155
    2025gain) loss on minority equity investments, net$167
    2025other$124
    2025accounts receivable-$983
    2025prepaid expenses and other assets-$3
    2025tax payable/receivable, net-$17
    2025deferred merchant bookingsMore than one value recorded for this year — open the FDD source before comparing$1,858
    2025purchases of investments-$628
    2025sales and maturities of investments$747
    2025other, netMore than one value recorded for this year — open the FDD source before comparing$120
    2025net cash used in investing activities-$531
    2025payment of long-term debt-$1,044
    2025purchases of treasury stock-$1,930
    2025other, netMore than one value recorded for this year — open the FDD source before comparing$3
    2025net cash used in financing activities-$2,136
    2025effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents$189
    2025net increase$1,402
    2025cash, cash equivalents and restricted cash and cash equivalents at end of year$6,976
    2025supplemental cash flow information cash paid for interest$213
    2025income tax payments, net$218
    2025basiceps$10
    2025basic weightedshares$125,363
    2025income taxes payable$56
    2025deferred revenue$163
    2025current maturities of long-term debt$1,692
    2025deferred merchant bookingsMore than one value recorded for this year — open the FDD source before comparing$10,428
    2025accrued expenses and other current liabilities$1,027
    2025payment of dividends to stockholders-$200
    2025depreciation and amortization$887
    2025other, netMore than one value recorded for this year — open the FDD source before comparing-$236
    2025provision for income taxes-$290
    2025general and administrative$765
    2025cost of revenue$1,456
    2025selling and marketing - indirect$836
    2025revenue$14,733
    2025restructuring and related reorganization charges$107
    2025selling and marketing - direct$7,349
    2025income before income taxes$1,591
    2025net-$7
    2025net incomeMore than one value recorded for this year — open the FDD source before comparing$1,301
    2025other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$51
    2025comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$1,352
    2025accounts payable, other, accrued expenses and other liabilities$163
    2025diluted weightedshares$131,943
    2025realized-$128
    2025cash, cash equivalents and restricted cash and cash equivalents at beginning of year$5,574
    2025dilutedeps$10
    2025capital expenditures, including internal-use software and website development-$770
    2025net cash provided by operating activities$3,880
    2025depreciation of property and equipment, including internal-use software and website development$847
    2025total current liabilities$16,657
    2025operating lease liabilities$254
    2025proceeds from issuance of long-term debt, net of issuance costs$985
    2025accounts receivable, net$4,166
    2025operating lease right-of-use assets$296
    2025property and equipment, net$2,447
    2025accounts payable, merchantMore than one value recorded for this year — open the FDD source before comparing$2,188
    2025accounts payable, other$1,103
    2025intangible assets, net$819
    2024cost of revenue$1,443
    2024selling and marketing - direct$6,846
    2024selling and marketing - indirect$781
    2024impairment of intangible assets$147
    2024legal reserves, occupancy tax and other$118
    2024restructuring and related reorganization charges$80
    2024provision for income taxes-$318
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,224
    2024other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing-$28
    2024comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing-$15
    2024common stockholders$1,211
    2024restricted cash and cash equivalents$1,391
    2024accounts receivable, net$3,213
    2024income taxes receivable$39
    2024prepaid expenses and other current assets$689
    2024total current assets$9,815
    2024property and equipment, net$2,413
    2024operating lease right-of-use assets$305
    2024long-term investments and other assets$1,698
    2024deferred income tax assets$496
    2024intangible assets, net$817
    2024goodwill$6,844
    2024total assets$22,388
    2024long-term debt, excluding current maturities$5,223
    2024deferred income tax liabilities$19
    2024operating lease liabilities$265
    2024other long-term liabilities$471
    2024additional paid-in capital$16,043
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,224
    2024retained earnings$602
    2024accumulated other comprehensive income-$232
    2024non-redeemable non-controlling interest$1,242
    2024total stockholders equity$2,799
    2024total liabilities stockholders equity$22,388
    2024depreciation of property and equipment, including internal-use software and website development$781
    2024amortization of stock-based compensation$458
    2024amortization of intangible assets$57
    2024deferred income taxes$74
    2024foreign exchange$95
    2024gain) loss on minority equity investments, net-$289
    2024other$79
    2024accounts receivable-$467
    2024prepaid expenses and other assets$67
    2024accounts payable, other, accrued expenses and other liabilities-$11
    2024tax payable/receivable, net$46
    2024deferred merchant bookingsMore than one value recorded for this year — open the FDD source before comparing$794
    2024net cash provided by operating activities$3,085
    2024purchases of investments-$549
    2024sales and maturities of investments$78
    2024other, netMore than one value recorded for this year — open the FDD source before comparing-$35
    2024net cash used in investing activities-$1,262
    2024purchases of treasury stock-$1,839
    2024net cash used in financing activities-$1,745
    2024net increase-$87
    2024cash, cash equivalents and restricted cash and cash equivalents at beginning of year$5,661
    2024cash, cash equivalents and restricted cash and cash equivalents at end of year$5,574
    2024supplemental cash flow information cash paid for interest$231
    2024income tax payments, net$184
    2024basiceps$9
    2024dilutedeps$9
    2024basic weightedshares$131,432
    2024diluted weightedshares$137,919
    2024deferred merchant bookingsMore than one value recorded for this year — open the FDD source before comparing$8,517
    2024accrued expenses and other current liabilities$766
    2024current maturities of long-term debt$1,043
    2024accounts payable, other$1,039
    2024income taxes payable$51
    2024deferred revenue$164
    2024technology and content$1,314
    2024interest income$235
    2024depreciation and amortization$838
    2024income before income taxes$1,542
    2024general and administrative$805
    2024interest expense-$246
    2024total other income$223
    2024revenue$13,691
    2024other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing-$28
    2024operating income$1,319
    2024other, netMore than one value recorded for this year — open the FDD source before comparing$234
    2024comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$1,196
    2024net incomeMore than one value recorded for this year — open the FDD source before comparing$1,224
    2024net$10
    2024impairment of goodwill and intangible assets$147
    2024proceeds from exercise of equity awards and employee stock purchase plan$116
    2024treasury stock-$14,856
    2024total expedia group stockholders equity$1,557
    2024accounts payable, merchantMore than one value recorded for this year — open the FDD source before comparing-$10
    2024other, netMore than one value recorded for this year — open the FDD source before comparing-$22
    2024realized$40
    2024total current liabilities$13,611
    2024capital expenditures, including internal-use software and website development-$756
    2024effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents-$165
    2024short-term investments$300
    2024cash and cash equivalents$4,183
    2024accounts payable, merchantMore than one value recorded for this year — open the FDD source before comparing$2,031
    2023revenue$12,839
    2023technology and content$1,358
    2023general and administrative$771
    2023impairment of goodwill$297
    2023legal reserves, occupancy tax and other$8
    2023operating income$1,033
    2023interest expense-$245
    2023total other income-$15
    2023income before income taxes$1,018
    2023net$109
    2023other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$27
    2023comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$715
    2023comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing-$107
    2023common stockholders$822
    2023depreciation of property and equipment, including internal-use software and website development$748
    2023amortization of stock-based compensation$413
    2023amortization of intangible assets$59
    2023deferred income taxes$62
    2023foreign exchange-$16
    2023prepaid expenses and other assets$98
    2023gain) loss on minority equity investments, net-$16
    2023other$55
    2023accounts receivable-$741
    2023accounts payable, merchant$332
    2023accounts payable, other, accrued expenses and other liabilities$101
    2023tax payable/receivable, net-$91
    2023deferred merchant bookings$572
    2023purchases of investments-$28
    2023sales and maturities of investments$49
    2023other, netMore than one value recorded for this year — open the FDD source before comparing$25
    2023proceeds from exercise of equity awards and employee stock purchase plan$101
    2023other, netMore than one value recorded for this year — open the FDD source before comparing-$60
    2023net cash used in financing activities-$2,096
    2023effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents$16
    2023cash, cash equivalents and restricted cash and cash equivalents at beginning of year$5,851
    2023cash, cash equivalents and restricted cash and cash equivalents at end of year$5,661
    2023supplemental cash flow information cash paid for interest$231
    2023basiceps$6
    2023dilutedeps$5
    2023basic weightedshares$144,967
    2023diluted weightedshares$150,228
    2023purchases of treasury stock-$2,137
    2023depreciation and amortization$807
    2023cost of revenue$1,573
    2023selling and marketing - indirect$756
    2023impairment of intangible assets$129
    2023selling and marketing - direct$6,107
    2023interest income$207
    2023other, netMore than one value recorded for this year — open the FDD source before comparing$23
    2023other comprehensive incomeMore than one value recorded for this year — open the FDD source before comparing$27
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$688
    2023provision for income taxes-$330
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$688
    2023net incomeMore than one value recorded for this year — open the FDD source before comparing$688
    2023net cash provided by operating activities$2,690
    2023capital expenditures, including internal-use software and website development-$846
    2023income tax payments, net$281
    2023impairment of goodwill and intangible assets$426
    2023net increase-$190
    2023net cash used in investing activities-$800

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

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    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

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    Agreement term

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    Reader notes on wording

    Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Mature USA High — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Mature USA Low — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Secondyear USA Medium — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Mature USA Medium — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Firstyear USA Medium — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Mature USA Upper — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    • Item 19 · PDF p. 44 · 2026 FDD

      Our summary: Thirdyear USA Medium — Franchises attaining netrevenue

      “Number of franchises attaining each Net Revenue level 4 5 2 0 1 2 5 6 7 3”

      Note: Page 44 lists a flattened sequence of counts without a clear mapping to the separate Item 19 populations; I cannot verify this population-specific value without combining or guessing figures.

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.