Expedia Group, Inc. (EXPE) Earnings
Expedia Group, Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $5.16. EXPE has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +15.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.41 | $1.96 | +39.0% | $3.4B | +2.2% |
| Feb 12, 2026 | $3.46 | $3.78 | +9.2% | $3.5B | +8.5% |
| Nov 6, 2025 | $6.97 | $7.57 | +8.6% | $4.4B | +3.0% |
| Aug 7, 2025 | $3.97 | $4.24 | +6.8% | $3.8B | +2.1% |
| May 8, 2025 | $0.35 | $0.40 | +13.6% | $3.0B | -0.8% |
| Feb 6, 2025 | $2.06 | $1.84 | -10.7% | $3.2B | +3.7% |
| Nov 7, 2024 | $6.07 | $6.13 | +1.0% | $4.1B | -1.3% |
| Aug 8, 2024 | $3.06 | $3.51 | +14.7% | $3.6B | +0.7% |
| May 2, 2024 | $-0.14 | $0.21 | +250.9% | $2.9B | +3.0% |
| Feb 8, 2024 | $1.67 | $1.72 | +3.0% | $2.9B | +0.4% |
| Nov 2, 2023 | $5.15 | $5.41 | +5.0% | $3.9B | +1.8% |
| Aug 3, 2023 | $2.32 | $2.89 | +24.6% | $3.4B | -0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
A strong first quarter with solid execution, strategic priorities progress. AI reinforces core advantages, enhancing traveler experience through personalization, supply advantage, post-booking experience, and traffic acquisition. Progress on strategic priorities: delivering value to travelers, investing in growth opportunities, driving operating efficiencies and margin expansion. First quarter margin was highest in 15 years.
Guidance
Second quarter expected gross bookings growth 7%-9% and revenue growth 9%-11%, EBITDA margins up 50-100 basis points. Full year expected gross bookings growth 6-8% and revenue growth 6-9%, EBITDA margins expansion 100-125 basis points.
Segment performance
Consumer gross bookings were $24.8 billion, growing 10%, with revenue of $2.1 billion up 8%. Consumer EBITDA margins were approximately 20%, up 9 points year-over-year. B2B gross bookings grew 22% to $10.7 billion, with B2B revenue up 25% to $1.2 billion and EBITDA margins at 22.7%, approximately flat year-over-year.
Risks & headwinds
Macro environment uncertainty including Middle East conflict and Mexico travel advisories causing cancellations and booking trend changes; AI related cost increase risks.
Analyst Q&A
Q: Brian Nowak asked about macro trends in April/May and U.S. growth.
A: January/February had strong momentum, March slowed due to Mexico and Middle East, cancellations normalized in April, U.S. domestic bookings accelerated.
Q: Eric Sheridan asked about consumer brands and marketing spend mix.
A: Brands in good spot, mix of brand and performance spend, using AI for efficiencies.
Q: Justin Post asked about marketing leverage and back half.
A: Strong marketing leverage, balancing spend, lapping step function improvement.
Q: Jed Kelly asked about Uber partnership and AI costs.
A: Excited about Uber partnership, AI costs increasing but teams managing.
Q: Ken Gorelsky asked about B2B segment.
A: B2B grew 22%, impacted by Middle East, recovered in April, API was largest growth contributor.
Q: Kevin Kopelman asked about Uber deal incrementality.
A: B2B has value proposition, consumer brands focus on retaining loyal customers.
Q: Deepak Mathavanan asked about AI traffic and B2C growth.
A: Experimenting with AI channels, B2C growth strong with brands contributing.
Q: Alex Brignall asked about AI direction and growth trends.
A: AI can be discovery layer, growth continued in Jan/Feb, then decelerated.
Q: Navid Khan asked about Uber partnership use case and vacation rentals.
A: Uber partnership use case varied, vacation rentals on Expedia at $1 billion annualized run rate.
Q: Connor Cunningham asked about March/April trends and airfare impact.
A: April rebounded from March, airfare rise impacts bundling but no dramatic shift in behavior