Expedia Group, Inc. (EXPE) Earnings Call Transcripts

Expedia Group, Inc.'s Latest Earnings Call - Q2 FY2026

In Q2 2026, Expedia Group, Inc. reported a revenue increase of 14% year-over-year, reaching $4.65 billion, and adjusted EBITDA of $1.1 billion, reflecting a margin of 25.9%. The company exceeded expectations for the fifth consecutive quarter, driven by a 12% growth in bookings and a 36% increase in adjusted EPS. Management raised full-year guidance for gross bookings to $129.5 billion to $130.8 billion, indicating growth of 8% to 9%, and revenue guidance to $16.05 billion to $16.22 billion, representing growth of 9% to 10%.

Reported metrics

Guidance from management

Management raised full-year guidance for gross bookings to $129.5 billion to $130.8 billion and revenue to $16.05 billion to $16.22 billion, reflecting confidence in sustained consumer demand.

What management said

Yes. Jed, I mean, first, in terms of the margin point, Ariane is exactly correct. There's investments going into the B2B segment to drive that one-stop shop and build out our lines of business. And 1 aspect of that is that we had the digestion of tickets in that acquisition in Q2. And so that would weigh a little bit on the cost that you're seeing -- the other is a little bit of the geography of the FX hedging and wh...

Yes. So I would say there's still quite a bit of runway. We have good stats that tell us of people who book on trip element with us how likely are they to have another trip element somewhere else? And without going into what exactly those numbers are, I certainly see additional runway to have more multi-item trips. Even if I believe right now, we're best-in-class, but there's still upside ahead of us.

What analysts pressed on

Analysts expressed concerns about the competitive landscape in the B2B segment and the potential for margin pressures in the upcoming quarters due to tougher comparisons and macroeconomic challenges, particularly in Europe.

Main topics on the call

• Strong Financial Performance — Expedia reported a 14% increase in revenue and a 36% rise in adjusted EPS, driven by healthy consumer spending and effective cost management. Management noted, "we exceeded the high end of both our top and bottom line ex...
• B2B Segment Growth — The B2B segment achieved its 20th consecutive quarter of double-digit growth, showcasing its resilience. Management highlighted that "the durability and momentum of this business" remains strong, contributing significant...
• AI and Technology Investments — Expedia is leveraging AI to enhance traveler experiences and improve operational efficiencies, with new features like natural language search. Management stated, "AI is unlocking new ways to make these experiences simple...
• Guidance Increase — Management raised full-year guidance for gross bookings and revenue, reflecting confidence in ongoing demand trends. The new guidance expects gross bookings of $129.5 billion to $130.8 billion and revenue of $16.05 billi...

Read the full Expedia Group, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 44 Expedia Group, Inc. earnings call transcripts on record, spanning February 13, 2020 to August 5, 2026. Based on this history, Expedia Group, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EXPE

Exchange

NasdaqGS

Country

US

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

44

First call

February 13, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly