Filing Flows › Expedia Group (EXPE) › Q2 2026
Expedia Group (EXPE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Expedia Group (EXPE) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +14% from a year earlier and +26% from the quarter before. Operating margin was 18.5%, net earnings $878M (20.3% of revenue).
Expedia Group, Q2 2026: revenue $4.3B (+14% year over year), operating margin 18.5%, net earnings $878M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +26% | +14% |
| Operating profit | $800M | +219% | +65% |
| Net earnings | $878M | — | +166% |
| Operating cash flow | $1.5B | -62% | +32% |
| Free cash flow | $1.3B | -66% | +39% |
What changed
Revenue was $4.3B in Q2 2026, up 14% year over year and up 26% from the previous quarter. Lodging was the largest line at 79% of revenue. Lodging added $0.39B year over year (up 13%), 74% of the total change. Air declined 13%.
Operating profit was $0.80B, a 18.5% margin (up 5.7 points year over year). Of the extra revenue versus Q2 2025, 60% reached operating profit, above the 13% margin then. Total costs grew 6% against revenue growth of 14%. The fastest-growing cost line was Sales & marketing (+10%). Net earnings were $0.88B, up 166% year over year. The effective tax rate was 14.8%. Non-operating items added $0.23B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.5B (up 32% year over year), 169% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items added $0.26B. Capital expenditures of $0.20B left free cash flow of $1.3B.
Questions
What was Expedia Group's revenue in the second quarter 2026?
Expedia Group (EXPE) reported revenue of $4.3B for the second quarter 2026 (Q2 2026), +14% from a year earlier and +26% from the quarter before.
Was Expedia Group profitable in the second quarter 2026?
Operating profit was $800M (18.5% of revenue) and net earnings $878M.
Source: Expedia Group 10-Q on SEC EDGAR.