Filing Flows › Expedia Group (EXPE) › Q3 2026 › vs Q2 2026
Expedia Group (EXPE) Q3 2026 vs Q2 2026 (quarter over quarter)
Expedia Group's revenue rose $623M (+14%) from $4.3B in Q2 2026 to $4.9B in Q3 2026. The biggest changes: Lodging +$562M (+16%); Other +$39.0M (+9%); trivago Advertising +$20.0M (+14%). Operating margin 26.9% against 18.5% (+8.3 pts).
Expedia Group, Q3 2026: revenue $4.9B (+12% year over year), operating margin 26.9%, net earnings $1.0B, operating cash flow −$1.2B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 26.9% | 18.5% | +8.3 pts |
| Net margin | 20.9% | 20.3% | +0.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Lodging | $4.0B | $3.4B | $562M | +16% |
| Other | $483M | $444M | $39.0M | +9% |
| Expedia Group (“EG”) Advertising | $206M | $206M | $0 | 0% |
| trivago Advertising | $165M | $145M | $20.0M | +14% |
| Air | $93.0M | $91.0M | $2.0M | +2% |
| Revenue | $4.9B | $4.3B | $623M | +14% |
| Operating profit | $1.3B | $800M | $526M | +66% |
| Costs & expenses | $3.6B | $3.5B | $97.0M | +3% |
| Pre-tax earnings | $1.3B | $1.0B | $276M | +27% |
| Other expense, net | $23.0M | −$227M | $250M | — |
| Cost of revenue | $419M | $403M | $16.0M | +4% |
| Sales & marketing | $2.2B | $2.1B | $65.0M | +3% |
| General & admin | $194M | $204M | −$10.0M | -5% |
| Other operating costs | $815M | $789M | $26.0M | +3% |
| Net earnings | $1.0B | $878M | $152M | +17% |
| Minority interests | $9.0M | −$3.0M | $12.0M | — |
| Income tax | $264M | $152M | $112M | +74% |
| Operating cash sources | $2.5B | −$258M | $2.8B | — |
| Depreciation & amortization | $224M | $228M | −$4.0M | -2% |
| Share-based compensation | $120M | $114M | $6.0M | +5% |
| Cash used in operations | $1.2B | −$1.5B | $2.6B | — |
| Working capital & other | $2.5B | −$258M | $2.8B | — |
Questions
How much did Expedia Group's revenue grow quarter over quarter in Q3 2026?
Expedia Group's revenue rose $623M (+14%) from $4.3B in Q2 2026 to $4.9B in Q3 2026.
What drove Expedia Group's revenue change in Q3 2026?
Lodging +$562M (+16%); Other +$39.0M (+9%); trivago Advertising +$20.0M (+14%).