EXPE

Beat

Earnings Call

Aug 5, 2026

Q2 FY2026

EPS Estimate

5.22

EPS Actual

5.76

Post-Earnings Close

$306.57

Earnings Reaction

-4.1%

Overview

Expedia Group's second quarter 2026 results marked the fifth consecutive quarter of beating the high end of both top- and bottom-line guidance, a streak that speaks to improving execution discipline under CEO Ariane Gorin's strategic framework. Gross bookings grew 12% year-over-year, revenue rose 14% to approximately $4.25 billion, and adjusted EBITDA reached $1.1 billion at a 25.9% margin, nearly two points of expansion versus the prior year. Adjusted EPS grew 36%, amplified by a year of consistent share repurchases. The company raised full-year guidance on both revenue and EBITDA margin, now targeting 9%-10% revenue growth and 150-175 basis points of margin expansion for the full year.

Key Themes

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Segment momentum and mix

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several

Notable Quotes

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Chief Executive Officer

“We are confident in the trajectory of the business and the investments we are making across the portfolio, and we expect the momentum we saw this quarter to carry into the back half of the year.”

Report generated on Aug 7, 2026

AI-generated earnings analysis. Not investment advice.

Q&A Summary

The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.

EXPE

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Overview

Q&A Summary