Expedia Group, Inc. (EXPE) Research

Forward Estimates

EPS Estimates

Current Qtr

$5.20

$4.33$5.79

vs $4.24+22.5%

23 analysts

Next Qtr

$8.52

$7.15$9.09

vs $7.57+12.5%

23 analysts

Current Yr

$19.77

$17.10$21.79

vs $15.86+24.7%

29 analysts

Next Yr

$23.10

$17.20$30.91

vs $19.77+16.8%

29 analysts

Revenue Estimates

Current Qtr

$4.16B

$4.06B$4.20B

vs $3.79B+9.9%

29 analysts

Next Qtr

$4.67B

$4.56B$4.77B

vs $4.41B+5.8%

29 analysts

Current Yr

$16.00B

$15.71B$16.40B

vs $14.73B+8.6%

35 analysts

Next Yr

$17.15B

$16.68B$18.27B

vs $16.00B+7.2%

34 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for EXPE on EDGAR.

EXPE filing events and research context
Filed	Item	Context
May 8, 2026	mda_quarterly	Expedia Group reported a 15% increase in first-quarter 2026 revenue to $3.426 billion, driven primarily by lodging growth across B2C and B2B segments. Total gross bookings rose 13% to $35.53 billion, with B2B growth specifically bolstered by Rapid API. Lodging performance was supported by a 6% increase in room nights and a 7% rise in Average Daily Rates. Operating income improved to $251 million, while Adjusted EBITDA reached $542 million. Strategically, the company is integrating generative AI to enhance personalization and has launched the One Key unified loyalty program across Expedia, Hotels.com, and Vrbo. Financially, Expedia repaid $1.85 billion in maturing senior and convertible notes in February 2026 and issued $1 billion in new 5.5% senior notes in April 2026. The company continues aggressive shareholder returns, repurchasing $700 million in stock this quarter and authorizing a new $5 billion repurchase program in May 2026. Key risks include geopolitical instability in Mexico and the Middle East, competition from Google and AI-driven planning tools, and ongoing IRS transfer pricing disputes.
Feb 13, 2026	business	Expedia Group operates a global travel platform currently undergoing a multi-year migration to AWS and integrating AI and machine learning to enhance productivity and customer experience. The company faces significant foreign exchange exposure, particularly regarding the Euro, British pound, and Japanese yen. A critical operational risk is the evolving regulatory environment for alternative accommodations, specifically the EU Short-Term Rental Law effective May 2026 and the U.S. FTC Rule on Unfair or Deceptive Fees effective May 2025. Financial stability is heavily tied to the merchant hotel business, which provides essential operating cash flow, while the company manages $6.3 billion in long-term debt and a $2.5 billion revolving credit facility. Governance is characterized by concentrated voting power, with Mr. Diller controlling approximately 32% of voting power via Class B shares. Additional headwinds include evolving global tax regimes, such as OECD digital services tax proposals, and persistent cybersecurity threats, including AI-driven phishing and account takeovers. Climate change and ESG compliance further introduce operational and reputational risks that may impact travel demand and increase compliance costs.
Feb 13, 2026	mda	Expedia Group’s 2025 revenue grew 8% to $14.7 billion, driven by an 18% increase in B2B revenue and strong lodging performance, which accounted for 80% of total revenue. Operating income rose 42% to $1.87 billion, and Adjusted EBITDA increased 19% to $3.5 billion. While lodging room nights grew 8%, air revenue declined 5% due to softer U.S. consumer demand and pricing pressures. Advertising and media showed significant momentum, with trivago third-party revenue increasing 33%. The company faces competitive threats from generative AI tools, Google’s search prioritization, and direct-distribution efforts by airlines and hotels. Financial risks include aggressive global tax enforcement, highlighted by a $178 million Italian withholding tax settlement and ongoing IRS transfer pricing disputes. To improve efficiency, Expedia recognized $107 million in 2025 restructuring charges for headcount reductions. Liquidity remains strong with $5.7 billion in cash and short-term investments. Capital allocation shifted toward shareholder returns, featuring $1.66 billion in share repurchases and the reinstatement of quarterly dividends. Debt was optimized through the issuance of $1 billion in 5.4% senior notes to redeem $1 billion of 6.25% notes.

Filed

Item

Context

May 8, 2026

mda_quarterly

Expedia Group reported a 15% increase in first-quarter 2026 revenue to $3.426 billion, driven primarily by lodging growth across B2C and B2B segments. Total gross bookings rose 13% to $35.53 billion, with B2B growth specifically bolstered by Rapid API. Lodging performance was supported by a 6% increase in room nights and a 7% rise in Average Daily Rates. Operating income improved to $251 million, while Adjusted EBITDA reached $542 million. Strategically, the company is integrating generative AI to enhance personalization and has launched the One Key unified loyalty program across Expedia, Hotels.com, and Vrbo. Financially, Expedia repaid $1.85 billion in maturing senior and convertible notes in February 2026 and issued $1 billion in new 5.5% senior notes in April 2026. The company continues aggressive shareholder returns, repurchasing $700 million in stock this quarter and authorizing a new $5 billion repurchase program in May 2026. Key risks include geopolitical instability in Mexico and the Middle East, competition from Google and AI-driven planning tools, and ongoing IRS transfer pricing disputes.

Feb 13, 2026

business

Expedia Group operates a global travel platform currently undergoing a multi-year migration to AWS and integrating AI and machine learning to enhance productivity and customer experience. The company faces significant foreign exchange exposure, particularly regarding the Euro, British pound, and Japanese yen. A critical operational risk is the evolving regulatory environment for alternative accommodations, specifically the EU Short-Term Rental Law effective May 2026 and the U.S. FTC Rule on Unfair or Deceptive Fees effective May 2025. Financial stability is heavily tied to the merchant hotel business, which provides essential operating cash flow, while the company manages $6.3 billion in long-term debt and a $2.5 billion revolving credit facility. Governance is characterized by concentrated voting power, with Mr. Diller controlling approximately 32% of voting power via Class B shares. Additional headwinds include evolving global tax regimes, such as OECD digital services tax proposals, and persistent cybersecurity threats, including AI-driven phishing and account takeovers. Climate change and ESG compliance further introduce operational and reputational risks that may impact travel demand and increase compliance costs.

Feb 13, 2026

mda

Expedia Group’s 2025 revenue grew 8% to $14.7 billion, driven by an 18% increase in B2B revenue and strong lodging performance, which accounted for 80% of total revenue. Operating income rose 42% to $1.87 billion, and Adjusted EBITDA increased 19% to $3.5 billion. While lodging room nights grew 8%, air revenue declined 5% due to softer U.S. consumer demand and pricing pressures. Advertising and media showed significant momentum, with trivago third-party revenue increasing 33%. The company faces competitive threats from generative AI tools, Google’s search prioritization, and direct-distribution efforts by airlines and hotels. Financial risks include aggressive global tax enforcement, highlighted by a $178 million Italian withholding tax settlement and ongoing IRS transfer pricing disputes. To improve efficiency, Expedia recognized $107 million in 2025 restructuring charges for headcount reductions. Liquidity remains strong with $5.7 billion in cash and short-term investments. Capital allocation shifted toward shareholder returns, featuring $1.66 billion in share repurchases and the reinstatement of quarterly dividends. Debt was optimized through the issuance of $1 billion in 5.4% senior notes to redeem $1 billion of 6.25% notes.

Forward Estimates

EXPE filing events and research context

Keep researching EXPE

Related tickers

Related explainers

Forward Estimates