Expedia Group Inc

Latest Results (08.06.2026):

Expedia Group Inc: first quarter of 2026 results show a strong start to the year with double‑digit top‑line growth, materially improved profitability on both GAAP and non‑GAAP bases, and robust cash generation. The company delivered $35.53 billion in gross bookings and $3.43 billion in revenue for Q1 2026, while expanding margins and returning capital to shareholders.

Top‑line performance

Gross bookings up 13% year‑over‑year to $35,530 million; booked room nights up 6% to 113.9 million. Lodging gross bookings grew 13%; B2B gross bookings rose 22% and B2C grew 10%. Revenue increased 15% y/y to $3,426 million, driven largely by a 25% increase in B2B revenue.

Profitability and margins

Adjusted EBITDA was $542 million, up 83% y/y, with adjusted EBITDA margin expanding 591 basis points to 15.8% — the highest first‑quarter profitability in company history per management. Adjusted net income rose ~361% to $245 million and Adjusted EPS was $1.96 (up ~386%).

GAAP results

GAAP net loss attributable to Expedia Group Inc. narrowed 97% to $6 million in Q1 2026 (diluted loss per share $(0.05)), and operating income turned positive at $251 million versus an operating loss of $70 million a year earlier.

Cash flow and balance sheet

Net cash provided by operating activities was $3,931 million (up 33% y/y) and Free Cash Flow was $3,747 million (up 36% y/y). Cash, cash equivalents and restricted cash totaled $7,789 million at quarter end.

Capital return and dividends

The company repurchased approximately 3.3 million shares for $700 million in Q1 2026 and paid a quarterly dividend of $0.48 per share on March 26, 2026; the Board declared another $0.48 quarterly dividend on May 7, 2026.

Share repurchase authorization

Expedia Group Inc. announced a new $5 billion share repurchase authorization following the Q1 buyback activity.

Outlook

Company maintained its Fiscal 2026 and Q2 2026 guidance ranges (FY gross bookings $127–$129B; Q2 gross bookings +6–8%; Q2 revenue +9–11% and Q2 adjusted EBITDA margin expansion of 0.5–1.0 point). Full‑year adjusted EBITDA margin expansion guidance remains +1–1.25 points.