Expedia Third-Quarter Gross Bookings Rise 11% to $34 Billion: Revenue Up 12% as Full-Year Guidance Is Raised
Seattle — Expedia Group, Inc. (Nasdaq: EXPE), the Seattle, Washington-based online travel group, on November 4 reported third-quarter 2026 results: gross bookings rose 11% year over year to $34.008 billion, exceeding guidance, while booked room nights grew 7% to 115.7 million and lodging gross bookings grew 10%.
Revenue rose 12% to $4.938 billion, driven by the business-to-business segment, where gross bookings grew 19% to $11.146 billion and revenue grew 23% to $1.708 billion. Consumer gross bookings grew 7% to $22.862 billion and consumer revenue grew 6% to $3.065 billion.
Operating income rose 28% to $1.326 billion; net income attributable to Expedia Group rose 7% to $1.030 billion; diluted earnings per share rose 15% to $8.42; adjusted EPS rose 24% to $9.39; and adjusted EBITDA rose 17% to $1.689 billion, with the margin expanding 135 basis points to 34.2%. During the quarter the company repurchased about 2 million shares for $576 million and paid a quarterly dividend of $0.48 per share on September 17.
Chief Executive Officer Ariane Gorin said the company exceeded the high end of its guidance in the quarter, reflecting resilient travel demand and strong execution, and that it continues to deliver traveler value through more personalized and rewarding product experiences while advancing its strategy to build the one-stop travel platform for B2B partners.
Expedia raised its full-year 2026 guidance: gross bookings to $131.4–$131.9 billion (about 10% growth) from $129.5–$130.8 billion, revenue to $16.37–$16.43 billion (up 11–12%) from $16.05–$16.22 billion, and adjusted EBITDA margin expansion to 1.8–2.0 points from 1.5–1.75 points. For the fourth quarter it expects gross bookings of $27.9–$28.4 billion (up 3.3–5.2%), revenue of $3.69–$3.75 billion and adjusted EBITDA of $830–$880 million.
The company's Executive Committee on November 4 declared a quarterly cash dividend of $0.48 per share, payable December 10, 2026 to stockholders of record on November 18. Expedia Group's ecosystem includes the Expedia, Hotels.com and Vrbo consumer brands, its B2B travel business and an advertising network, serving travelers in more than 70 countries. (Source: Expedia Group)
Source: Expedia Group
Published by GSM · USA (original Chinese edition)
Photo: 图：Expedia Group 总部所在地 Seattle 的 Elliott Bay 海湾与市中心天际线。Joe Mabel 摄，CC BY 4.0，经 Wikimedia Commons。 / Photo: Elliott Bay and the downtown skyline of Seattle, home of Expedia Group. By Joe Mabel, CC BY 4.0, via Wikimedia Commons.
