Companies /Consumer Cyclical

Expedia Group Inc

NASDAQ: EXPE Travel Services
$326.98
▼ $6.46 (−1.94%) today
Markets open · 12:42pm ET

Q2 2026 Earnings

Reported Aug 5, 2026, 4:00pm ET · SEC source
$5.76
Beat +9.65%
EPS · est. $5.29 Adjusted
$4.3B
Beat +3.41%
Revenue · est. $4.2B
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Aug 5Aug 6report 4:00pm ETearnings−0.3%−9.1%
−8%−4%0+4%Aug 5Aug 6earnings−0.3%−9.1%
EXPE −9.1%S&P 500 −0.3%
−8%−4%0+4%Aug 5Aug 6report 4:00pm ETearnings−0.3%−9.1%
−8%−4%0+4%Aug 5Aug 6earnings−0.3%−9.1%
EXPE −9.1%NASDAQ −0.3%
−6%−3%0Aug 4Aug 13report 4:00pm ETearnings+0.9%−0.2%
−6%−3%0Aug 4Aug 13earnings+0.9%−0.2%
EXPE −0.2%S&P 500 +0.9%
−6%−3%0+3%Aug 4Aug 13report 4:00pm ETearnings+2.1%−0.2%
−6%−3%0+3%Aug 4Aug 13earnings+2.1%−0.2%
EXPE −0.2%NASDAQ +2.1%
−4.09%
Day of report
+1.34%
Next session
+7.09%
One week

Did EXPE Beat Earnings? Q2 2026 Results

Expedia Group posted a standout second quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as resilient travel demand and a surging B2B business propelled results well ahead of estimates. Adjusted EPS came in at $5.76, clearing the $5.25 consensus by 9.65% and extending the company's streak of beating EPS estimates to six consecutive quarters. Revenue of $4.32 billion topped the $4.17 billion consensus by 3.41% and climbed 14.0% year-over-year, with B2B segment growth of 23% serving as the single most powerful engine behind the outperformance. Total Gross Bookings reached $33.93 billion, up 12%, while Adjusted EBITDA expanded 23% to $1.12 billion, pushing margins up nearly two full points. Buoyed by the momentum, management raised its full-year 2026 revenue outlook to $16.05 billion to $16.22 billion, representing growth of 9% to 10%, and lifted its Adjusted EBITDA margin expansion target to 1.5 to 1.75 points, signaling continued confidence that consumers are prioritizing travel despite elevated prices.

Key Takeaways
  • B2B segment revenue grew 23% y/y, driven by double-digit growth across all regions and elevated marketing activity from largest partners
  • B2C marketing discipline and improved returns across channels drove 380 bps of B2C Adjusted EBITDA margin expansion
  • Lodging gross bookings grew 11% driven by 6% room night growth and 5% ADR increase
  • Revenue growth exceeded gross bookings growth primarily due to FX and revenue mix
  • Adjusted overhead expenses flat year-over-year as percentage of revenue declined 203 bps
  • trivago revenue surged 48% y/y

“We exceeded the high end of our guidance in the quarter, driven by growth in our consumer brands, sustained B2B momentum, and disciplined execution.”

Expedia CEO, on the earnings call

Forward Guidance & Outlook

Expedia Group raised its full-year 2026 guidance. Gross Bookings are now expected at $129.5-$130.8B (up 8-9% y/y, previously $127-$129B at +6-8%). Revenue is expected at $16.05-$16.22B (up 9-10%, previously $15.6-$16.0B at +6-9%). Adjusted EBITDA margin expansion is now expected at +1.5 to 1.75 points (previously +1 to 1.25 points). For Q3 2026, the company guides Gross Bookings of $32.2-$32.8B (+5-7%), revenue of $4.65-$4.75B (+5-8%), and Adjusted EBITDA of $1.51-$1.56B.

EXPE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$2.0B$4.0B$3.8B$4.3BRevenue$485.0M$800.0MOperating Income$330.0M$878.0MNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

EXPE Revenue by Segment

Lodging$3.4B+13.0%
B2C$2.7B+8.0%
B2B$1.5B+23.0%
Advertising and Media - EG$206.0M+13.0%
trivago$145.0M+48.0%
Air$91.0M−13.0%
Advertising and Media - trivago

EXPE Revenue by Geography

United States$2.6B+12.0%
Rest of World$1.7B+18.0%

Figures from SEC filings and company reports. Not investment advice.