Expedia Group Q2 2026: Revenue Climbs 14%, EPS Soars 189%, and a $5B Buyback Is Added
EXPE sits 80% above its 52-week low of $180.43.
Summary
Expedia Group's Q2 2026 10-Q shows revenue up 14% to $4.3B, net income of $878M, and a new $5B buyback program, alongside an IRS tax dispute that could cost up to $1.2B.
Key Events · Earnings and Guidance · EXPE
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Revenue Surges 14%
Driven by a 13% increase in lodging and a 48% jump in trivago advertising, Q2 2026 revenue reached $4.315 billion, up from $3.786 billion a year ago.
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Net Income More Than Doubles
Net income attributable to Expedia Group hit $878 million, or $7.16 per diluted share, compared to $330 million, or $2.48 per share, in Q2 2025.
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Adjusted EBITDA Up 23%
Adjusted EBITDA rose to $1.119 billion, with the B2C segment contributing $889 million, up 22%, and B2B adding $369 million, up 12%.
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$5 Billion Share Buyback Authorized
In May 2026, the board authorized an additional $5 billion repurchase program, bringing the total remaining authorization to $5.7 billion as of June 30.
Analysis · EXPE · Energy & Transportation
A standout quarter for Expedia Group saw revenue climb 14% to $4.3 billion and net income more than double to $878 million. The company raised full-year guidance just yesterday, and this 10-Q confirms the underlying strength: gross bookings grew 12%, Adjusted EBITDA rose 23%, and all three segments posted gains. The balance sheet got a makeover — a new $1 billion bond deal, a $5 billion buyback authorization, and the reversal of a $71 million Canadian tax liability. The only cloud: the IRS proposed up to $1.2 billion in transfer pricing adjustments, though Expedia plans to fight it.
At the time of this filing, EXPE was trading at $323.95 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $38.4B. The 52-week trading range was $180.43 to $326.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.