Expedia EXPE Q2 2026: B2B growth fuels double beat and raised outlook
As seen on the 24/7 Wall St. homepage on August 5, 2026.
B2B revenue grew 23% year over year, powering a double beat and a raised full-year revenue outlook of $16.05B to $16.22B. Adjusted EBITDA margin expansion guidance also moved higher, and it is the sixth straight EPS beat.
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Expedia reported Q2 2026 earnings per share of $5.76, beating the $5.29 consensus estimate by nearly 10%. Revenue came in at $4.315 billion, topping expectations of roughly $4.17 billion by about 3.4%. The standout driver was the B2B segment, which grew 23% year over year and provided the clearest sign that Expedia's wholesale and partner-facing business is gaining meaningful momentum.
The strong quarter prompted management to lift its full-year revenue outlook to a range of $16.05 billion to $16.22 billion, while also guiding adjusted EBITDA margin expansion higher than previously indicated. The EPS beat marks the sixth consecutive quarter Expedia has topped analyst estimates, a streak that stretches back through Q3 2024 and includes beats in every intervening period.
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Investors will want to watch whether the B2B growth rate holds through the back half of the year, and whether the raised revenue guidance proves conservative given the trend in recent quarters. The updated EBITDA margin guidance adds another layer of potential upside if cost discipline continues alongside top-line expansion.
Mentioned: EXPE