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Expedia Group (EXPE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Expedia Group (EXPE) Q3 2026 earnings results →

Q3 2026 Revenue up 12% year over year to $4.9B · 21¢ of every $1 of revenue kept as net profit · operating margin 26.9%

Expedia Group made $4.9B in Q3 2026 (+12% Y/Y): Lodging $4.0B, Other $483M, Expedia Group (“EG”) Advertising $206M. Operating margin 26.9%, net earnings $1.0B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$4.9B

Year over year+12%

Operating margin26.9%

Net earnings$1.0B

Operating cash flow−$1.2B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $4.9B in Q3 2026, up 12% year over year and up 14% from the previous quarter. Lodging was the largest line at 81% of revenue. Lodging added $0.39B year over year (up 11%), 74% of the total change. Air declined 8%.

Operating profit was $1.3B, a 26.9% margin (up 3.4 points year over year). Of the extra revenue versus Q3 2025, 55% reached operating profit, above the 23% margin then. Total costs grew 7% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $1.0B, up 7% year over year. The effective tax rate was 20.3%.

Operating cash flow was −$1.2B. Non-cash charges added back $0.22B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items used $2.5B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$1.4B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 5, 2026	$4.9B	+12%	26.9%	$1.0B	−$1.2B
Q2 2026	10-Q	Aug 6, 2026	$4.3B	+14%	18.5%	$878M	$1.5B
Q1 2026	10-Q	May 8, 2026	$3.4B	+15%	7.3%	−$12.0M	$3.9B
Q4 2025	10-K	Feb 13, 2026	$3.5B	+11%	11.8%	$205M	$304M
Q3 2025	10-Q	Nov 7, 2025	$4.4B	+9%	23.5%	$959M	−$497M
Q2 2025	10-Q	Aug 8, 2025	$3.8B	+6%	12.8%	$330M	$1.1B
Q1 2025	10-Q	May 9, 2025	$3.0B	+3%	-2.3%	−$197M	$3.0B

Charts

Latest (Q3 2026): Y/Y +12%, Q/Q +14%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $1.0B, Operating cash flow −$1.2B.

-6.7% since FY2020: buybacks shrank the count.

Transportation Services; dot size is quarterly revenue; dashed lines are the industry's medians.