Filing Flows › Expedia Group (EXPE) › Q3 2026
Expedia Group (EXPE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Expedia Group (EXPE) reported revenue of $4.9B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +14% from the quarter before. Operating margin was 26.9%, net earnings $1.0B (20.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | +14% | +12% |
| Operating profit | $1.3B | +66% | +28% |
| Net earnings | $1.0B | +17% | +7% |
| Operating cash flow | −$1.2B | -178% | — |
What changed
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.
Questions
What was Expedia Group's revenue in the third quarter 2026?
Expedia Group (EXPE) reported revenue of $4.9B for the third quarter 2026 (Q3 2026), +12% from a year earlier and +14% from the quarter before.
Was Expedia Group profitable in the third quarter 2026?
Operating profit was $1.3B (26.9% of revenue) and net earnings $1.0B.
Source: Expedia Group 10-Q on SEC EDGAR.