Filing Flows › Expedia Group (EXPE) › Q3 2026 › vs Q3 2025
Expedia Group (EXPE) Q3 2026 vs Q3 2025 (year over year)
Expedia Group's revenue rose $526M (+12%) from $4.4B in Q3 2025 to $4.9B in Q3 2026. The biggest changes: Lodging +$387M (+11%); Other +$107M (+28%); trivago Advertising +$28.0M (+20%). Operating margin 26.9% against 23.5% (+3.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.9% | 23.5% | +3.4 pts |
| Net margin | 20.9% | 21.7% | -0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Lodging | $4.0B | $3.6B | $387M | +11% |
| Other | $483M | $376M | $107M | +28% |
| Expedia Group (“EG”) Advertising | $206M | $194M | $12.0M | +6% |
| trivago Advertising | $165M | $137M | $28.0M | +20% |
| Air | $93.0M | $101M | −$8.0M | -8% |
| Revenue | $4.9B | $4.4B | $526M | +12% |
| Operating profit | $1.3B | $1.0B | $290M | +28% |
| Costs & expenses | $3.6B | $3.4B | $236M | +7% |
| Pre-tax earnings | $1.3B | $1.1B | $172M | +15% |
| Other expense, net | $23.0M | −$95.0M | $118M | — |
| Cost of revenue | $419M | $376M | $43.0M | +11% |
| Sales & marketing | $2.2B | $2.0B | $208M | +11% |
| General & admin | $194M | $186M | $8.0M | +4% |
| Other operating costs | $815M | $838M | −$23.0M | -3% |
| Net earnings | $1.0B | $959M | $71.0M | +7% |
| Minority interests | $9.0M | $5.0M | $4.0M | +80% |
| Income tax | $264M | $167M | $97.0M | +58% |
| Operating cash sources | $2.5B | $1.8B | $760M | +43% |
| Depreciation & amortization | $224M | $225M | −$1.0M | -0.4% |
| Share-based compensation | $120M | $90.0M | $30.0M | +33% |
| Cash used in operations | $1.2B | $497M | $660M | +133% |
| Working capital & other | $2.5B | $1.8B | $760M | +43% |
Questions
How much did Expedia Group's revenue grow year over year in Q3 2026?
Expedia Group's revenue rose $526M (+12%) from $4.4B in Q3 2025 to $4.9B in Q3 2026.
What drove Expedia Group's revenue change in Q3 2026?
Lodging +$387M (+11%); Other +$107M (+28%); trivago Advertising +$28.0M (+20%).