Filing Flows › Expedia Group (EXPE) › How it makes money
How Expedia Group (EXPE) makes money
Expedia Group (EXPE) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Lodging brought in $4.0B (81%); Other brought in $483M (10%); Expedia Group (“EG”) Advertising brought in $206M (4%). Of every dollar of revenue, 27¢ was left as operating profit, 21¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Lodging | $4.0B | 80.8% | +16% | +11% |
| Other | $483M | 9.8% | +9% | +28% |
| Expedia Group (“EG”) Advertising | $206M | 4.2% | 0% | +6% |
| trivago Advertising | $165M | 3.3% | +14% | +20% |
| Air | $93.0M | 1.9% | +2% | -8% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.9B | 100.0% |
| Operating profit | $1.3B | 26.9% |
| Income tax | $264M | 5.3% |
| Net earnings | $1.0B | 20.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.9B | +12% |
| Q2 2026 | $4.3B | +14% |
| Q1 2026 | $3.4B | +15% |
| Q4 2025 | $3.5B | +11% |
| Q3 2025 | $4.4B | +9% |
| Q2 2025 | $3.8B | +6% |
| Q1 2025 | $3.0B | +3% |
From Expedia Group's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Expedia Group make money?
Expedia Group (EXPE) made $4.9B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Lodging brought in $4.0B (81%); Other brought in $483M (10%); Expedia Group (“EG”) Advertising brought in $206M (4%). Of every dollar of revenue, 27¢ was left as operating profit, 21¢ was left as net earnings.
What is Expedia Group's biggest business?
Lodging: $4.0B in the third quarter 2026, 81% of revenue, +11% from a year earlier.
What is Expedia Group's profit margin?
Net earnings were $1.0B, 20.9% of revenue, in the third quarter 2026; the operating margin was 26.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.