Expedia Group delivered a strong third quarter 2026 performance, exceeding guidance across all major financial metrics. Results were driven by continued resilience in travel demand and sustained momentum in the B2B segment, which saw revenue jump 23% year-over-year. Following the outperformance, management raised its full-year 2026 outlook for bookings, revenue, and margin expansion.
Key Highlights
- Top-line Outperformance: Revenue grew 12% year-over-year to $4.94 billion, surpassing the $4.73 billion consensus estimate.
- Bookings Strength: Total Gross Bookings rose 11% to $34.01 billion, led by a 19% increase in B2B bookings and a 10% rise in lodging bookings.
- Profitability and Margins: Adjusted EPS reached $9.39, beating the $8.09 estimate, while Adjusted EBITDA increased 17% with 135 basis points of margin expansion.
- Raised Guidance: The company upgraded its full-year 2026 revenue forecast to a range of $16.37–$16.43 billion and increased its target for Adjusted EBITDA margin expansion to 1.8–2.0 points.
- Capital Allocation: Expedia repurchased approximately 2 million shares for $576 million during the quarter and declared a quarterly dividend of $0.48 per share.