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Booking Holdings vs Expedia Group: BKNG and EXPE compared
Booking Holdings is the larger company: $8.9B of revenue in its latest quarter (Q3 2026) against $4.9B for Expedia Group (Q3 2026). Expedia Group is growing faster (+12% against -1% a year earlier). Booking Holdings is more profitable, with an operating margin of 38.4% against 26.9%.
Where the money goes: BKNG and EXPE
Booking Holdings (BKNG) · Q3 2026
Booking Holdings, Q3 2026: revenue $8.9B (-1% year over year), operating margin 38.4%, net earnings $2.7B, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
Expedia Group (EXPE) · Q3 2026
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.
| Booking Holdings (BKNG) | Expedia Group (EXPE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.9B | $4.9B |
| Revenue growth, Y/Y | -1% | +12% |
| Operating margin | 38.4% | 26.9% |
| Net earnings | $2.7B | $1.0B |
| Net margin | 30.6% | 20.9% |
| Operating cash flow | $1.1B | −$1.2B |
| Free cash flow | $1.1B | — |
| Market value | $127.0B | $33.3B |
| P/E | 1.9× | 15.8× |
| Analysts’ mean target | $216.66 | $333.14 |
Where the revenue comes from
Expedia Group
- Lodging: $4.0B (81%)
- Other: $483M (10%)
- Expedia Group (“EG”) Advertising: $206M (4%)
- trivago Advertising: $165M (3%)
Questions
Which is bigger, Booking Holdings or Expedia Group?
Booking Holdings is the larger company: $8.9B of revenue in its latest quarter (Q3 2026) against $4.9B for Expedia Group (Q3 2026).
Is Booking Holdings or Expedia Group growing faster?
Expedia Group is growing faster (+12% against -1% a year earlier).
Which is more profitable, Booking Holdings or Expedia Group?
Booking Holdings is more profitable, with an operating margin of 38.4% against 26.9%.
More: Booking Holdings earnings · how Booking Holdings makes money · Expedia Group earnings · how Expedia Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.