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EXPE · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 14.0% y/y to $4.32B, operating margin 18.5% vs 12.8%, net income $878M (+166.1% y/y).
Net income attributable to Expedia Group, Inc.
$878M
up 166% y/y
Revenue
$4,315M
up 14.0% y/y
Operating income
$800M
up 64.9% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $4,315 · +14.0% |
| Cost of revenue | $403 · +6.9% |
| Selling and marketing - direct | $2,119 · +10.4% |
| Selling and marketing - indirect | $217 · +1.9% |
| Technology and content | $325 · +0.0% |
| General and administrative | $204 · +3.6% |
| Depreciation and amortization | $228 · +2.2% |
| Legal reserves, occupancy tax and other | $6 · +200% |
| Restructuring and related reorganization charges | $13 · −70.5% |
| Operating income | $800 · +64.9% · 18.5% margin |
| Interest income | $73 · −1.4% |
| Interest expense | $61 · +5.2% |
| Other, net | $215 · vs −$78 |
| Income before income taxes | $1,027 · +143% |
| Provision for income taxes | $152 · +50.5% · 14.8% effective rate |
| Net loss attributable to non-controlling interests | $3 · −62.5% |
| Net income attributable to Expedia Group, Inc. | $878 · +166% · $7.16/sh · 20.3% margin |
Verdict: revenue grew 14.0% y/y to $4.32B, operating margin 18.5% vs 12.8%, net income $878M (+166.1% y/y).
Source and notation
Source: Expedia press release, 8-K EX-99.1 of 08/05/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: EXPE, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “EXPE Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/expe/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/expe/q2-2026"><img src="https://whoreportstoday.com/t/expe/q2-2026/sankey.png" alt="EXPE Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/expe/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/expe/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/expe/q2-2026">EXPE Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $800M, a 18.5% margin vs 12.8% a year earlier.
- The effective tax rate was 14.8% vs 23.9% a year earlier.
- Diluted EPS was $7.16 vs $2.48 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
EXPE — an online travel company that sells hotel stays, vacation rentals, flights, car rentals, cruises and packages, earning commissions, margins and advertising fees.
It reports three segments: B2C (Expedia, Hotels.com, Vrbo and other brands), B2B (travel supply and technology for partners such as airlines, banks and agencies) and trivago (hotel metasearch). · Source: annual report (Form 10-K, SEC)
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