Expedia Group earnings date and guidance
Expedia Group's next results are scheduled for November 4, 2026. Watch whether Expedia Group turns improved profits into durable financial flexibility.
What has Expedia Group guided for the year?
The weighted forecast puts EXPE near today’s price by October 2029, if earnings growth and cash conversion prove durable. Management’s August 5, 2026 outlook calls for gross-bookings growth of 8.0%–9.0%. It calls for revenue growth of 9.0%–10.0% and Adjusted EBITDA margin expansion of 1.5–1.75 percentage points. For Q3 2026, guidance is gross-bookings growth of 5.0%–7.0% and revenue growth of 5.0%–8.0%. Adjusted EBITDA is guided to $1,510–$1,560 million.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Gross Bookings | Year to Dec 2026 | 129,500 | 130,800 | August 5, 2026 |
| Gross Bookings growth | Year to Dec 2026 | 8.0% | 9.0% | August 5, 2026 |
| Revenue | Year to Dec 2026 | 16,050 | 16,220 | August 5, 2026 |
| Revenue growth | Year to Dec 2026 | 9.0% | 10.0% | August 5, 2026 |
| Adjusted EBITDA margin expansion (percentage points) | Year to Dec 2026 | 1.5 | 1.75 | August 5, 2026 |
| Gross Bookings (Q3 2026) | Quarter to Sep 2026 | 32,200 | 32,800 | August 5, 2026 |
Has Expedia Group kept its past promises?
Revenue promises look cautious, with six beats and no quarterly misses; operating margin/EPS and capital spending are omitted because fewer than four comparable quarterly forecasts were located, and adjusted EBITDA margin is a different measure. No revisions or withdrawals of the listed quarterly revenue forecasts were located, but management cut its full-year 2025 revenue forecast from 4–6% to 2–4% on May 8, citing US demand uncertainty and currency headwinds, which prevents a perfect score (initial outlook, revised outlook). No one-off is needed to explain a quarterly revenue miss because none occurred, including Q3 2024 when reported growth absorbed a two-percentage-point currency headwind (results).
| Metric | Record, last 8 quarters | Typical gap |
|---|---|---|
| Revenue | 8 of 8 inside or above the first forecast: 6 above, 2 inside, 0 below; no subsequent revisions to these quarterly forecasts located. | Median revenue gap versus the upper bound: +2.1% across all eight quarters; +2.8% among the six beats. Comparisons use reported USD revenue, including currency effects; growth forecasts are converted to USD millions using the reported prior-year quarter. |
What have Expedia Group's last eight quarters shown?
Revenue grew 14% in Q2 2026, while operating margin reached 18.5%. Gross margin changed only modestly, so most of the improvement came further down the cost structure. Adjusted EBITDA rose 23%, supported by cost discipline, revenue mix and more efficient B2C marketing. Overhead stayed broadly flat as revenue increased.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,315 | 3,426 | 3,547 | 4,412 | 3,786 | 2,988 | 3,184 | 4,060 |
| Gross margin | 90.7% | 89.0% | 90.2% | 91.5% | 90.0% | 88.1% | 89.5% | 90.4% |
| Operating income | 800 | 251 | 420 | 1,036 | 485 | -70 | 216 | 762 |
| Net income | 878 | -6 | 205 | 959 | 330 | -200 | 299 | 684 |
| EPS, diluted | 7.16 | -0.05 | 1.60 | 7.33 | 2.48 | -1.56 | 2.20 | 5.04 |
| = Free cash flow | 1,279 | 3,747 | 119 | -686 | 921 | 2,756 | 7 | -1,687 |
What this means. Free cash flow can be negative even when net income is positive because profit is recorded when earned, while free cash flow shows when cash actually comes in and goes out.
What should you watch in Expedia Group's next results?
Expedia’s next scheduled checkpoint is November 4, 2026, when it reports Q3 2026. Watch the full-year outlook and operating margin, which is the share of revenue left after operating costs such as marketing, technology and overhead. Net margin shows what remains after interest, taxes and other items. Segment performance and marketing efficiency should explain whether progress comes from stronger demand, better execution or simply lower spending.