Exceeded guidance with 12% Gross Bookings and 14% revenue growth y/y
Expanded Adj. EBITDA margins y/y
Increases full year guidance
SEATTLE--(BUSINESS WIRE)--August 05, 2026--
Expedia Group, Inc. $(EXPE)$ announced financial results today for the second quarter ended June 30, 2026.
Second Quarter Highlights (All comparisons year-over-year)
-- Booked Room Nights grew 6%.
-- Total Gross Bookings grew 12%, while B2B Gross Bookings grew 21% and
B2C Gross Bookings grew 8%.
-- Lodging Gross Bookings grew 11%.
-- Revenue grew 14%, driven by B2B, which grew 23%.
-- GAAP net income increased 166% while Adjusted net income grew 29%.
Adjusted EBITDA increased 23% with 196 basis points of margin expansion.
-- Diluted GAAP earnings per share increased 188% while Adjusted earnings
per share increased 36%.
-- Repurchased approximately 880 thousand shares for $200 million in the
second quarter.
-- Paid quarterly dividend of $0.48 per share on June 18, 2026 and
declared quarterly dividend of $0.48 per share on August 5, 2026.
"We exceeded the high end of our guidance in the quarter, driven by growth in our consumer brands, sustained B2B momentum, and disciplined execution," said Ariane Gorin, CEO of Expedia Group. "We continued to strengthen our marketplace through more personalized consumer product experiences and expanded supply across our business, while leveraging AI as a force multiplier to innovate faster and operate more efficiently. Our results reinforce the strength of our strategy and the differentiation of our platform for travelers, partners, and shareholders."
Financial Summary & Operating Metrics (In millions except per share amounts)
Expedia Group, Inc.
Metric Q2 2026 Q2 2025 <DELTA> Y/Y
---------------------------------------------- -------- ------- -----------
Booked Room Nights 111.5 105.5 6%
Gross Bookings $33,928 $30,409 12%
Revenue $4,315 $3,786 14%
Operating income $800 $485 65%
Net income attributable to Expedia Group,
Inc. $878 $330 166%
Diluted Earnings Per Share $7.16 $2.48 188%
Adjusted EBITDA* $1,119 $908 23%
Adjusted EPS* $5.76 $4.24 36%
Net cash provided by operating activities $1,478 $1,121 32%
Free cash flow* $1,279 $921 39%
---------------------------------------------- -------- ------- -----------
* A reconciliation of non-GAAP financial measures to the most comparable GAAP
measures is provided at the end of this release.
Business Outlook
Metric Q3 2026
------------------ --------------
Gross Bookings $32.2 - $32.8B
+5 - 7%
------------------ --------------
Revenue $4.65 - $4.75B
+5 - 8%
------------------ --------------
Adjusted EBITDA** $1.51 - $1.56B
------------------ --------------
Metric Full Year 2026
----------------------------------- -----------------------------------
Previous Guidance Current Guidance
----------------------------------- ----------------- ----------------
Gross Bookings $127 - $129B $129.5 - $130.8B
+6 - 8% +8 - 9%
----------------------------------- ----------------- ----------------
Revenue $15.6 - $16.0B $16.05 - $16.22B
+6 - 9% +9 - 10%
----------------------------------- ----------------- ----------------
Adjusted EBITDA margin expansion** +1 - 1.25pts +1.5 - 1.75pts
----------------------------------- ----------------- ----------------
** A reconciliation for the Adjusted EBITDA and Adjusted EBITDA margin
expansion forecast is not provided because we cannot, without unreasonable
effort, predict certain items, including but not limited to, foreign exchange
rate gains or losses and minority investment gains or losses, and are unable
to address the probable significance of the unavailable information.
Quarterly Dividend
Expedia Group's Executive Committee, acting on behalf of its Board of Directors, has declared a quarterly cash dividend of $0.48 per share of outstanding common stock, payable on September 17, 2026 to stockholders of record as of the close of business on August 27, 2026.
Conference Call
Expedia Group will webcast a conference call to discuss second quarter 2026 financial results and certain forward-looking information on Wednesday, August 5, 2026 at 1:30 p.m. Pacific Time (PT). The webcast will be open to the public and available via ir.expediagroup.com. Expedia Group expects to maintain access to the webcast on the IR website for approximately twelve months subsequent to the initial broadcast. An earnings presentation containing financial and other statistical information supporting the prepared remarks on the call, together with reconciliations of the non-GAAP financial measures used, will be available on the "Investors" section of Expedia Group's website at ir.expediagroup.com beginning at approximately 1:00 p.m. PT on the same date and will remain available following the call.
About Expedia Group
Expedia Group, Inc. is the global travel marketplace with one purpose: to help travelers explore the world, one journey at a time. Expedia Group$(TM)$ connects travelers, partners, and advertisers through its trusted brands, leading technology, and rich first-party data, delivering predictive, personalized experiences that shape the future of travel.
Expedia Group's ecosystem includes three flagship consumer brands -- Expedia$(R)$, Hotels.com(R), and Vrbo(R) -- the largest B2B travel business, and a premier advertising network. Guided by an experienced and passionate global team, Expedia Group helps millions of travelers in more than 70 countries explore the world with confidence and ease.
(c) 2026 Expedia, Inc., an Expedia Group company. All rights reserved. Expedia Group and the Expedia Group logo are trademarks of Expedia, Inc. CST: 2029030-50.
Expedia Group, Inc.
Trended Metrics
(All figures in millions, except ADR booked)
The metrics below are intended to supplement the financial statements in this release and in our filings with the SEC, and do not include adjustments for one-time items, acquisitions, foreign exchange or other adjustments. The definition or methodology of any of our supplemental metrics are subject to change, and such changes could be material. We may also discontinue certain supplemental metrics as our business evolves over time. In the event of any discrepancy between any supplemental metric and our historical financial statements, you should rely on the information included in the financial statements filed with or furnished to the SEC.
2025 2026 Y/Y
---------------------------------- ---------------- ------
Q1 Q2 Q3 Q4 Q1 Q2 Growth
------- ------- ------- ------- ------- ------- ------
Operating
metrics
Booked Room
Nights 107.7 105.5 108.2 94.0 113.9 111.5 6%
Average Daily
Rate ("ADR")
Booked $213.9 $209.3 $209.8 $207.0 $228.1 $220.6 5%
Booked Air
Tickets 14.8 15.0 14.4 12.8 15.7 14.2 (5)%
Gross Bookings
by business
model
Agency $13,239 $12,376 $11,875 $10,517 $14,357 $13,317 8%
Merchant 18,212 18,033 18,852 16,486 21,173 20,611 14%
------- ------- ------- ------- ------- ------- ------
Total $31,451 $30,409 $30,727 $27,003 $35,530 $33,928 12%
Gross Bookings
by product
Lodging $23,032 $22,073 $22,705 $19,455 $25,977 $24,603 11%
Non-lodging 8,419 8,336 8,022 7,548 9,553 9,325 12%
------- ------- ------- ------- ------- ------- ------
Total $31,451 $30,409 $30,727 $27,003 $35,530 $33,928 12%
Revenue by
product
Lodging $2,289 $3,040 $3,604 $2,819 $2,610 $3,429 13%
Air 107 105 101 94 107 91 (13)%
Advertising &
Media -
EG(1) 174 182 194 208 197 206 13%
Advertising &
Media -
trivago(1) 85 98 137 97 125 145 48%
Other(2) 333 361 376 329 387 444 23%
------- ------- ------- ------- ------- ------- ------
Total $2,988 $3,786 $4,412 $3,547 $3,426 $4,315 14%
Revenue by
geography
U.S. points of
sale $1,831 $2,303 $2,537 $2,039 $1,990 $2,570 12%
Non-U.S.
points of
sale 1,157 1,483 1,875 1,508 1,436 1,745 18%
------- ------- ------- ------- ------- ------- ------
Total $2,988 $3,786 $4,412 $3,547 $3,426 $4,315 14%
(1) Our Advertising & Media business consists of Expedia Group ("EG")
Advertising, which is responsible for generating advertising revenue on our
global online travel brands, and third-party revenue for trivago, a leading
hotel metasearch site.
(2) Other revenue primarily includes insurance, car rental, destination
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