EarningsQ2 2026 Earnings Report
MX:EXPE Q2 2026 EPS Results
Actual EPS$104.23
Consensus EPS$94.40
Beat/MissBeat by +$9.83
One Year Ago EPS$76.72
MX:EXPE Q2 2026 Revenue Results
Actual Revenue$78.08B
Expected Revenue$75.53B
Beat/MissBeat by +$2.55B
YoY Revenue Growth+13.97%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:EXPE Upcoming Earnings
Expedia's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EXPE Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive view: strong Q2 operational and financial outperformance (bookings +12%, revenue +14%, adjusted EBITDA +23%), robust cash generation and capital returns, continued B2B momentum, and product/AI milestones that support future growth. Management raised full‑year guidance and increased margin expansion targets. Offsetting factors included regional softness in Europe, near‑term margin moderation in Q3 due to lapping and FX, B2B investment-related cost pressure, SEO softness, and tougher second-half comps. Overall, the positives (beat results, raised guidance, strong cash flow and strategic progress) materially outweigh the noted headwinds.Company Guidance
Top-line and Profitability Outperformance
Gross bookings grew 12% year-over-year, revenue increased 14% YoY, and adjusted EBITDA rose 23% YoY; adjusted EBITDA totaled $1.1 billion in Q2 with a margin of 25.9% (nearly 200 basis points improvement YoY).
Strong Earnings, Cash Generation and Capital Return
Adjusted EPS grew 36% YoY; trailing 12-month free cash flow reached $4.5 billion; share repurchases totaled roughly $200 million in the quarter (880,000 shares) and $900 million year-to-date.
Consumer Demand and Room Night Growth
Total booked room nights were up 6% YoY (U.S. mid-single-digit growth, EMEA low-single-digit growth, rest of world low-double-digit growth); consumer bookings were up 8% YoY, driven by the fastest U.S. growth in 15 quarters.
ADR and FX-Neutral Drivers
Average daily rate (ADR) was up ~5% on an FX-neutral basis; management noted foreign exchange was a net tailwind in the quarter (contributing ~0.5 points to bookings growth and ~4 points to revenue growth).
B2B Momentum
B2B delivered its 20th consecutive quarter of double-digit growth, underlining sustained momentum in that segment and validating the one‑stop B2B travel shop strategy.
Marketplace and Partner Milestones
Became the first OTA to distribute Allegiant flights and achieved full coverage of U.S. commercial airlines; more than 40% of Vrbo bookings included partner-funded offers, and a May Vrbo sale exceeded $1 billion in bookings for participating properties.
Strategic M&A and Product Innovation
Announced acquisitions / intents including Layla (AI conversational planning app) and intent to acquire CarTrawler; launched multiple AI and agentic product features (natural language search, Property Expert, AI Compare, Vrbo agentic voice) to improve personalization and product velocity.
Improved Marketing Efficiency and Margin Leverage
Consumer bookings rose 8% while consumer marketing spend rose only ~1%, reflecting improved measurement, targeting and marketing ROI; company raised full‑year guidance for gross bookings (now +8% to +9%) and revenue (+9% to +10%) and increased full-year adjusted EBITDA margin expansion outlook to 150–175 basis points.
MX:EXPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed