Summary
Expedia Group, Inc. reported its first quarter 2026 results, demonstrating a significant rebound in profitability and revenue growth compared to the prior year. Total revenue increased by 15% year-over-year to $3.426 billion, driven primarily by a 14% increase in lodging revenue, which benefited from higher room nights and average daily rates. The company also saw robust growth in its B2B segment, with revenue up 25% and gross bookings up 22%, indicating strong performance in its business-to-business travel services. Profitability improved dramatically, with operating income turning positive at $251 million in Q1 2026, a substantial improvement from an operating loss of $70 million in Q1 2025. This was further reflected in Adjusted EBITDA, which surged 83% to $542 million. The company also managed its expenses effectively, with cost of revenue as a percentage of revenue decreasing and selling and marketing costs showing leverage, particularly in the B2C segment. Financially, Expedia Group strengthened its balance sheet by repaying significant debt obligations, including its 5.0% senior notes and 0% convertible senior notes, totaling over $1.8 billion in February 2026. The company also entered into a new $2.5 billion revolving credit facility in March 2026, maintaining ample liquidity. In a subsequent event, Expedia issued $1 billion in new senior unsecured notes in April 2026. Shareholder returns were supported by a consistent dividend payout and an active share repurchase program, with $700 million repurchased in Q1 2026 under the existing authorization, and a new $5 billion repurchase program announced in May 2026. Overall, the quarter indicates a positive operational and financial trajectory for Expedia Group.
Financial Highlights
51 data points| Revenue | $3.43B |
| Operating Income | $251.00M |
| Net Income | -$6.00M |
| EPS (Basic) | $-0.05 |
| EPS (Diluted) | $-0.05 |
| Shares Outstanding (Basic) | 121.83M |
| Shares Outstanding (Diluted) | 121.83M |
Key Highlights
- 1Total revenue grew 15% year-over-year to $3.426 billion, driven by strong performance in lodging and B2B segments.
- 2Operating income swung to a positive $251 million from a loss of $70 million in the prior year, indicating significant operational leverage.
- 3Adjusted EBITDA increased by 83% to $542 million, highlighting improved profitability.
- 4B2B segment revenue surged 25% and gross bookings increased 22%, underscoring the strength of this business line.
- 5Expedia Group repaid over $1.8 billion in debt obligations, including senior and convertible notes, strengthening its financial structure.
- 6The company entered into a new $2.5 billion revolving credit facility, ensuring robust liquidity.
- 7Shareholder returns continued with dividend payments and $700 million in share repurchases during the quarter, with a new $5 billion repurchase program authorized.