Expedia Group reported three-month revenue of 4,938 million and net income attributable to it of 1,030 million for the quarter ended September 30, 2026, versus 4,412 million and 959 million a year earlier. Diluted EPS was 8.42.
EXPE · Expedia Group, Inc.
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Expedia Group reported third-quarter Gross Bookings of $34,008 million and revenue of $4,938 million, up 11% and 12% year over year, and raised 2026 Gross Bookings guidance to $131.4 - $131.9B.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Expedia exceeded Q3 guidance as bookings grew 11%, revenue grew 12%, adjusted EBITDA grew 17%, and adjusted EPS grew 24%; it also delivered strong B2B growth, raised full-year bookings, revenue, and margin guidance, and generated cash for capital returns. Q4 bookings and revenue growth and margins are moderating amid a softer operating environment and B2B investment pressure, while advertising growth slowed and booked air tickets fell 6%.
- + Q3 bookings grew 11% and revenue grew 12%, exceeding the high end of guidance. new
- + Adjusted EBITDA increased 17%, with 135 basis points of year-over-year margin expansion. new
- + Adjusted EPS grew 24%, supported by adjusted net income growth and share repurchases. new
- + Trailing-12-month free cash flow rose 25% to $3.7 billion, supporting shareholder capital returns.
- − Q4 demand faces softer conditions from the U.S. election cycle and geopolitical disruptions in the Middle East and Europe. new
- − Q4 adjusted EBITDA is guided to $830-$880 million, implying a 22.5%-23.5% margin, as slower revenue growth and strategic investments weigh on margins. new
- − Advertising growth decelerated in Q3, although it continued to grow. new
- − Q4 gross bookings are guided to grow 3.3%-5.2% and revenue to grow 4.0%-5.7%. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this companyEquibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Advertising revenue from EG Advertising | $206M | FY2026 Q3 | +6.2% |
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| Third-party revenue from trivago | $165M | FY2026 Q3 | +20.4% |
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| Total Segment Adjusted EBITDA | $1.82B | FY2026 Q3 | +14.2% |
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| Advertising and media as a percentage of total worldwide revenue | 8% | the second quarter of 2026 filing | — |
| Air as a percentage of total worldwide revenue | 2% | the second quarter of 2026 filing | — |
| Average Daily Rates ("ADRs") booked for Expedia Group | 5% | the second quarter of 2026 filing | — |
| Booked air tickets change | 5% | the second quarter of 2026 filing | — |
| Booked room nights increase (lodging business) | 6% | the three months ended June 30, 2026 filing | — |
| Lodging as a percentage of total worldwide revenue | 79% | the second quarter of 2026 filing | — |
| Room nights booked growth | 6% | the second quarter of 2026 filing | — |
| Segment Adjusted EBITDA (trivago) non-GAAP | -$6M | Three months ended June 30, 2025 filing | — |
| Total revenue margin | 12.7% | the three months ended June 30, 2026 filing | — |
| Adjusted EBITDA non-GAAP | $1.12B | Q2 2026 | — |
| Adjusted EBITDA Margin non-GAAP | 25.9% | Q2-26 | — |
| Adjusted EPS non-GAAP | $5.76 | Q2-26 | — |
| Adjusted Overhead non-GAAP | $638M | Q2-26 | — |
| Average Daily Rate | $221 | Q2-26 | — |
| Average Daily Rate ("ADR") Booked | $220.6 | Q2 2026 | — |
| B2B Adjusted EBITDA non-GAAP | $369M | Q2 2026 | +11.5% |
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| B2B Gross Bookings | $10.74B | Q2 2026 | — |
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| B2C Adjusted EBITDA non-GAAP | $889M | Q2 2026 | +22.1% |
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| B2C Gross Bookings | $23.19B | Q2 2026 | — |
| Booked Room Nights | 111.5M | Q2 2026 | +5.7% |
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| Direct Marketing non-GAAP | $399M | Q2-26 | — |
| Gross Bookings | $33.93B | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Travel Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EXPE
this stock
Expedia Group, Inc.
|
$30.59B | -8.9% | +7.6% | 15.1 | 6.0% |
|
BKNG
Booking Holdings Inc.
|
$118.68B | — | +13.4% | 17.3 | 2.3% |
|
ABNB
Airbnb, Inc.
|
$111.46B | +37.6% | +10.3% | 34.8 | 2.2% |
|
RCL
Royal Caribbean Cruises Ltd
|
$86.47B | +15.9% | +3.3% | 19.1 | 4.3% |
|
VIK
Viking Holdings Ltd
|
$40.14B | +25.9% | — | — | 2.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 18
Expedia Group reported three-month revenue of 4,938 million and net income attributable to it of 1,030 million for the quarter ended September 30, 2026, versus 4,412 million and 959 million a year earlier. Diluted EPS was 8.42.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EXPE | -0.5% | -10.7% | +15.7% | -9.8% | -8.9% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.1% | -9.6% | +15.2% | -9.6% | -19.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.