The beat-and-raise across revenue, EPS, and margin guidance is a strong signal of operational momentum. Traders should watch for potential upside to Q3 guidance ($4.65-$4.75B revenue) given the raised full-year outlook and sustained B2B growth trajectory.
Price Chart
Executive Summary
Expedia Group reported Q2 2026 results that exceeded guidance, with revenue of $4.315B (+14% YoY) and GAAP diluted EPS of $7.16 (+188% YoY). The company raised full-year 2026 guidance for gross bookings, revenue, and adjusted EBITDA margin expansion, signaling sustained momentum in B2B growth and operational efficiency. The beat-and-raise narrative is a clear positive for the stock.
Key Financial Metrics
Key Facts
- Revenue of $4.315B (+14% YoY) exceeded the high end of guidance.
- GAAP diluted EPS of $7.16 (+188% YoY) vs consensus of $4.78.
- Full-year 2026 revenue guidance raised to $16.05B-$16.22B (from $15.6B-$16.0B).
- Full-year 2026 adjusted EBITDA margin expansion guidance raised to +1.5-1.75pts (from +1-1.25pts).
- B2B revenue grew 23% YoY, continuing to outpace B2C (+8%).
- Adjusted EBITDA margin expanded 196 bps YoY to 25.9%.
- Repurchased $200M in shares and declared a $0.48 quarterly dividend.
Financial Impact
Revenue beat consensus by ~3.5% ($4.315B vs $4.17B); EPS beat consensus by ~50% ($7.16 vs $4.78). Full-year revenue guidance raised by ~$450M at the midpoint.
Risk Factors
- Macroeconomic headwinds could pressure travel demand, particularly in the consumer (B2C) segment.
- B2B segment margins were pressured by partner mix and acquisition consolidation, which could persist.
- Air ticket bookings declined 5% YoY, indicating potential weakness in that product vertical.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001324424-26-000051 |
| Exhibit: expe-20260805.htm | 0001324424-26-000051 |
| Document: earningspresentation-q22.htm | 0001324424-26-000051 |
| Document: 0001324424-26-000051-index-headers.html | 0001324424-26-000051 |
| Document: 0001324424-26-000051-index.html | 0001324424-26-000051 |
| Document: 0001324424-26-000051.txt | 0001324424-26-000051 |
| 8-K Data (Synthetic) | 0001324424-26-000051 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | Insider Cluster | $333.44 $261.75 | ▼ −21.50% | ▼ −21.73% | $262.51 (−21.27%) |
Aug 20, 2026 6w ago | Insider Cluster | $321.63 $279.35 | ▼ −13.15% | ▼ −12.87% | $262.51 (−18.38%) |
Aug 17, 2026 6w ago | Insider Cluster | $318.50 $293.08 | ▼ −7.98% | ▼ −6.00% | $262.51 (−17.58%) |
Aug 17, 2026 6w ago | Insider Cluster | $318.50 $293.08 | ▼ −7.98% | ▼ −6.00% | $262.51 (−17.58%) |
Aug 5, 2026 8w ago | 8-K | $306.57 $303.14 | ▼ −1.12% | ▼ −1.72% | $262.51 (−14.37%) |
May 7, 2026 21w ago | 8-K | $229.77 $228.88 | ▼ −0.39% | ▼ −0.41% | $262.51 (+14.25%) |
Apr 29, 2026 22w ago | DEFA14A | $248.26 $225.10 | ▼ −9.33% | ▼ −14.55% | $262.51 (+5.74%) |
Apr 23, 2026 23w ago | 8-K | $249.21 $217.59 | ▼ −12.69% | ▼ −17.32% | $262.51 (+5.34%) |
Apr 10, 2026 24w ago | 8-K | $239.56 $220.53 | ▼ −7.94% | ▼ −15.67% | $262.51 (+9.58%) |
Feb 28, 2026 30w ago | Institutional Cluster | $213.05 $226.39 | ▲ +6.26% | ▲ +14.20% | $262.51 (+23.22%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access