Expedia Group Posts Strong Q3 2026 Results, Boosts Full-Year Guidance and Declares Dividend

Financial Summary & Operating Results

Expedia Group, Inc. reported third-quarter 2026 results that exceeded internal guidance across core metrics:

• Gross Bookings: Rose 11% year-over-year to $34.01 billion, propelled by 19% growth in B2B gross bookings and 10% growth in lodging.
• Revenue: Increased 12% year-over-year to $4.94 billion, led by a 23% expansion in B2B revenue.
• Profitability: GAAP operating income reached $1.33 billion (+28% YoY), and GAAP net income attributable to Expedia Group rose 7% YoY to $1.03 billion ($8.42 per diluted share).
• Adjusted EBITDA: Expanded 17% YoY to $1.69 billion, reflecting 135 basis points of margin expansion.
• Adjusted EPS: Grew 24% YoY to $9.39 per diluted share.
• Booked Room Nights: Increased 7% YoY to 115.7 million.

Upgraded Full-Year 2026 Guidance

Management raised expectations across the board for full-year 2026:

• Gross Bookings: Lifted to $131.4B – $131.9B (approx. +10% YoY), up from previous guidance of $129.5B – $130.8B (+8–9%).
• Revenue: Raised to $16.37B – $16.43B (+11–12% YoY), up from $16.05B – $16.22B (+9–10%).
• Adjusted EBITDA Margin Expansion: Increased to +1.8 to 2.0 percentage points (vs. +1.5 to 1.75 points previously).

Fourth Quarter 2026 Outlook

• Gross Bookings: Expected between $27.9 billion and $28.4 billion (+3.3% to +5.2% YoY).
• Revenue: Projected between $3.69 billion and $3.75 billion (+4.0% to +5.7% YoY).
• Adjusted EBITDA: Forecasted between $830 million and $880 million.

Capital Allocation & Shareholder Returns

• Share Repurchases: Expedia repurchased approximately 2 million shares for $576 million during Q3 2026.
• Cash Dividend: The Board's Executive Committee declared a regular quarterly dividend of $0.48 per common share, payable on December 10, 2026, to shareholders of record as of November 18, 2026.