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
+20.2%
BEATING MARKET
EXPE +25.0% vs S&P +4.8%
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 YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
EXPE Revenue by Segment
With YoY comparisons, source: SEC Filings
EXPE Revenue by Geography
With YoY comparisons, source: SEC Filings
“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
EXPE Earnings Trends
EXPE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EXPE EPS Trend
Earnings per share: estimate vs actual
EXPE Revenue Trend
Quarterly revenue: estimate vs actual
EXPE Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $5.29 | $5.76 | +8.92% | $4.32B | +3.41% |
| Q1 26 BEAT | $1.38 | $1.96 | +42.34% | $3.43B | +2.17% |
| Q4 25 BEAT FY | $3.37 | $3.78 | +12.21% | $3.55B | +4.00% |
| FY Full Year | $15.34 | $15.86 | +3.37% | $14.73B | +0.93% |
| Q3 25 BEAT | $6.95 | $7.57 | +8.99% | $4.41B | +3.52% |
| Q2 25 BEAT | $4.13 | $4.24 | +2.74% | $3.79B | +2.05% |
| Q1 25 BEAT | $0.36 | $0.40 | +11.48% | $2.99B | -0.85% |
| Q4 24 BEAT FY | $2.10 | $2.39 | +13.89% | $3.18B | +3.71% |
| FY Full Year | — | $12.11 | — | $13.69B | — |
| Q1 23 MISS | $-0.04 | $-0.20 | -400.00% | $2.67B | +0.23% |
| Q4 22 MISS FY | $1.67 | $1.26 | -24.55% | $2.62B | -2.97% |
| FY Full Year | — | $6.79 | — | $11.67B | — |