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Expedia

EXPE Q1 2026 Earnings

Reported May 7, 2026 at 4:02 PM ET · SEC Source

Q1 26 EPS

$1.96

BEAT +42.34%

Est. $1.38

Q1 26 Revenue

$3.43B

BEAT +2.17%

Est. $3.35B

vs S&P Since Q1 26

+6.1%

BEATING MARKET

EXPE +5.5% vs S&P -0.6%

Market Reaction

Did EXPE Beat Earnings? Q1 2026 Results

Expedia Group posted a blowout first quarter of 2026, with adjusted EPS of $1.96 beating the $1.38 consensus estimate by 42.34%, marking the fifth consecutive quarter the online travel giant has topped Wall Street's earnings expectations. Revenue cli… Read more Expedia Group posted a blowout first quarter of 2026, with adjusted EPS of $1.96 beating the $1.38 consensus estimate by 42.34%, marking the fifth consecutive quarter the online travel giant has topped Wall Street's earnings expectations. Revenue climbed 14.7% year over year to $3.43 billion, edging past the $3.35 billion consensus by 2.17%, as the company's fast-growing B2B segment proved to be the primary engine of upside, with that division's revenue jumping 25% to $1.18 billion and gross bookings rising 22% to $10.75 billion. The company swung from an operating loss a year ago to operating income of $251.00 million, while adjusted EBITDA surged 83% to $542.00 million. Subsidiary trivago also contributed momentum, with its revenue rising 47% to $125.00 million, extending a run of double-digit quarterly growth. Expedia repurchased approximately 3.3 million shares for $700.00 million and announced a new $5.00 billion buyback authorization. Looking ahead, management reiterated full-year 2026 guidance for revenue of $15.60 to $16.00 billion and gross bookings of $127.00 to $129.00 billion, expressing confidence in execution despite a dynamic macroeconomic backdrop.

Key Takeaways

  • • B2B segment gross bookings grew 22% and revenue grew 25%, driving overall growth
  • • Lodging gross bookings grew 13% with ADR booked increasing 7% to $228.10
  • • Booked room nights grew 6% to 113.9 million
  • • Non-U.S. points of sale revenue grew 24%, outpacing U.S. growth of 9%
  • • Adjusted EBITDA margin expanded 591 basis points to 15.8%
  • • Merchant gross bookings grew 16%, outpacing agency bookings growth of 8%

EXPE Forward Guidance & Outlook

Expedia Group reiterated its full-year 2026 guidance: gross bookings of $127–$129 billion (6–8% YoY growth), revenue of $15.6–$16.0 billion (6–9% growth), and Adjusted EBITDA margin expansion of 1–1.25 percentage points. For Q2 2026, the company expects gross bookings of $32.5–$33.1 billion (7–9% growth), revenue of $4.11–$4.19 billion (9–11% growth), and Adjusted EBITDA margin expansion of 0.5–1 percentage point. Management expressed confidence in driving increasing value for travelers, partners, and shareholders despite a dynamic macroeconomic environment.

24/7 Wall St

EXPE YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

EXPE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 22 Q1 26
24/7 Wall St

EXPE Revenue by Geography

With YoY comparisons, source: SEC Filings

Q4 22 Q1 26

“Our first quarter results marked a strong start to the year, as we delivered double-digit bookings and revenue growth and drove meaningful margin expansion despite a dynamic macroeconomic environment.”

— Ariane Gorin, Q1 2026 Earnings Press Release

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