Companies /Consumer Cyclical

Expedia Group Inc

NASDAQ: EXPE Travel Services
$318.92
▼ $14.02 (−4.21%) today
Markets closed · 11:23pm ET

Q1 2026 Earnings

Reported May 7, 2026, 4:02pm ET · SEC source
$1.96
Beat +42.34%
EPS · est. $1.38
$3.4B
Beat +2.17%
Revenue · est. $3.4B
−3.2%
Trailing market
EXPE vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%May 7May 8report 4:02pm ETearnings+0.7%−5.1%
−4%0+4%May 7May 8earnings+0.7%−5.1%
EXPE −5.1%S&P 500 +0.7%
−4%0+4%May 7May 8report 4:02pm ETearnings+2.1%−5.1%
−4%0+4%May 7May 8earnings+2.1%−5.1%
EXPE −5.1%NASDAQ +2.1%
−5%0+5%May 6May 15report 4:02pm ETearnings+1.2%−6.6%
−5%0+5%May 6May 15earnings+1.2%−6.6%
EXPE −6.6%S&P 500 +1.2%
−5%0+5%May 6May 15report 4:02pm ETearnings+2.2%−6.6%
−5%0+5%May 6May 15earnings+2.2%−6.6%
EXPE −6.6%NASDAQ +2.2%
−9.02%
Day of report
−3.70%
Next session
−5.33%
One week
−4.80%
30 days

S&P 500 over the same 30 days: −1.65%.

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 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%

“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.”

Expedia CEO, on the earnings call

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.

EXPE YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$1.0B$2.0B$3.0B$3.0B$3.4BRevenue$44.9M$251.0MOperating Income$-3,045,685$-6,000,000Net Income
$0$1.0B$2.0B$3.0BRevenueOperating IncomeNet Income

EXPE Revenue by Segment

Lodging$2.6B+14.0%
B2C$2.1B+8.0%
B2B$1.2B+25.0%
Advertising and Media - EG$197.0M+13.0%
trivago$125.0M+47.0%
Air$107.0M+0.0%
Advertising and Media - trivago

EXPE Revenue by Geography

United States$2.0B+9.0%
Rest of World$1.4B+24.0%

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