Expedia Group Inc

Latest Results (30.08.2026):

Expedia Group, Inc.'s second quarter 2026 results (Q2 2026) exceeded guidance: gross bookings grew 12% year‑over‑year to $33.93B, revenue rose 14% to $4.32B, and Adjusted EBITDA increased 23% to $1.12B with 196 basis points of margin expansion versus Q2 2025; GAAP net income and diluted GAAP EPS jumped 166% and 188% respectively.

Top-line

Gross Bookings: $33.93B, +12% y/y. Revenue: $4.315B, +14% y/y. B2B Gross Bookings grew 21% while B2C Gross Bookings grew 8%. Lodging gross bookings +11%.

Profitability & margins

Adjusted EBITDA of $1,119M, up 23% y/y; Adjusted EBITDA margin 25.9% (196 bps expansion). Operating income was $800M, up 65% y/y.

Earnings

GAAP net income attributable to Expedia Group, Inc. $878M (+166% y/y). Diluted GAAP EPS $7.16 (+188% y/y). Adjusted EPS $5.76 (+36% y/y).

Cash flow & capital allocation

Net cash provided by operating activities $1,478M (+32% y/y); Free cash flow $1,279M (+39% y/y). Repurchased ~880k shares for $200M in Q2 and declared/paid a $0.48 quarterly dividend (paid June 18; declared Aug 5; payable Sept 17, 2026).

Guidance update

Raised full‑year 2026 guidance: Gross Bookings now $129.5–130.8B (prior $127–129B), Revenue $16.05–16.22B (prior $15.6–16.0B), and increased expected Adjusted EBITDA margin expansion to +1.5–1.75 pts. Q3 2026 guidance: Gross Bookings $32.2–32.8B (+5–7% y/y), Revenue $4.65–4.75B (+5–8%), Adjusted EBITDA $1.51–1.56B.

Segment performance

B2B revenue grew 23% y/y (B2B gross bookings +21%); B2C revenue grew 8% y/y. Advertising & Media (including trivago) and non‑lodging categories also contributed to revenue growth (trivago revenue +48% y/y).

Operating metrics

Booked room nights: 111.5M, +6% y/y. Booked ADR rose ~5% y/y to $220.6. Booked air tickets were down 5% y/y to 14.2M.

Balance sheet & other items

Cash and cash equivalents $6.68B (as of June 30, 2026); total assets $29.06B. Company highlighted continued product investment and AI use as drivers of efficiency and growth.