$EXPE · Expedia Group, Inc.
Expedia Group filed its 10-Q for the quarter ended September 30, 2026. Revenue grew 12% YoY to $4.94B, driven by lodging growth in both B2B and B2C segments. Net income attributable to Expedia was $1.03B, up from $959M a year earlier, with diluted EPS of $8.42 versus $7.33. Operating income rose to $1.33B from $1.04B. Gross bookings increased 11% for the quarter.
- Revenue rose 12% YoY to $4.94B, with nine-month revenue up 13% to $12.68B.
- B2B segment revenue grew 23% YoY to $1.71B; B2C grew 6% to $3.07B.
- Net income attributable to Expedia was $1.03B, up from $959M a year earlier.
- Diluted EPS was $8.42 versus $7.33; operating income rose to $1.33B from $1.04B.
- Company repurchased 1.97M shares for $576M in the quarter; $1.48B over nine months.
Extended-hours trading shows EXPE at $299.42, down 5.21% from the $315.88 regular close, despite the strong earnings print — suggesting the +10.5% regular-session run-up already priced in results.
Expedia delivered double-digit revenue and profit growth with B2B as the standout, but the after-hours fade suggests the market had already priced in the beat.
B2B (23% growth) and trivago advertising (20% growth) are the standout drivers, while air revenue declined 7% — a mixed picture versus peers leaning on lodging strength.
Air revenue fell 7% for both the three and nine months on fewer tickets sold and lower revenue per ticket. Restructuring charges rose to $35M from $6M a year earlier.