Filing Flows › Expedia Group (EXPE) › Q1 2026
Expedia Group (EXPE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Expedia Group (EXPE) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +15% from a year earlier and -3% from the quarter before. Operating margin was 7.3%, net loss $12.0M (0.4% of revenue).
Expedia Group, Q1 2026: revenue $3.4B (+15% year over year), operating margin 7.3%, net loss $12.0M, operating cash flow $3.9B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -3% | +15% |
| Operating profit | $251M | -40% | — |
| Net earnings | −$12.0M | -106% | — |
| Operating cash flow | $3.9B | 13× | +33% |
| Free cash flow | $3.7B | — | +36% |
What changed
Revenue was $3.4B in Q1 2026, up 15% year over year and down 3% from the previous quarter. Lodging was the largest line at 76% of revenue. Lodging added $0.32B year over year (up 14%), 73% of the total change.
Operating profit was $0.25B, a 7.3% margin (up 9.7 points year over year). Total costs grew 4% against revenue growth of 15%. The quarter ended with a net loss of $0.01B, after a profit of $0.21B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.01B. Net interest and other expense of $0.23B was the main reason.
Operating cash flow was $3.9B (up 33% year over year). Non-cash charges added back $0.23B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items added $3.6B. After total capital expenditures ($0.18B), free cash flow as the company reports it was $3.7B.
Questions
What was Expedia Group's revenue in the first quarter 2026?
Expedia Group (EXPE) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), +15% from a year earlier and -3% from the quarter before.
Was Expedia Group profitable in the first quarter 2026?
Operating profit was $251M (7.3% of revenue) and net loss $12.0M.
Source: Expedia Group 10-Q on SEC EDGAR.