EXPE · Full Picture

Expedia Group, Inc. — the full picture

Earnings window · 2026-07-16 to 2026-08-10 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 84
    -14.6% cash; 2 sources (press_release, sec_filing); 3 forward row(s); structured_verified
    In May 2026, the Audit Committee of the Board of Directors, pursuant to a delegation of authority from the Board, authorized a program to repurchase up to an additional $5 billion of our common stock ("2026 Share Repurchase Program").
  2. Revenue Performance and Mix · Revenue growth & mixPriority 82
    +23.4% revenue (realized); 3 sources (news, press_release, sec_filing); quote_verified
    B2B Gross Bookings in Q2 2026: $10,742 million, up 21% year-over-year
  3. Operating Income and Margins · Operating income & profitabilityPriority 80
    +128.2% operating_income (realized); 2 sources (press_release, sec_filing); quote_verified
    Operating income in Q2 2026: $800 million, up 65% year-over-year
  4. Operating Cash Flow Trends · Cash flow generationPriority 77
    +35.9% cash (realized); 2 sources (press_release, sec_filing); quote_verified
    Net cash provided by operating activities in Q2 2026: $1,478 million, up 32% year-over-year
  5. Operating Expense Trends · Operating expenses (SG&A)Priority 71
    -63.9% operating_income (realized); 2 sources (press_release, sec_filing); quote_verified
    Total costs and expenses - Selling and marketing - direct in Q2 2026: $2,119 million, representing 6.2% of Gross Bookings
  6. Geographic Market Commentary · Geographic mixPriority 63
    +12.3% revenue (realized); quote_verified
    Revenue by U.S. points of sale in Q2 2026: $2,570 million, up 12% year-over-year
  7. Income Tax Rate Changes · TaxPriority 63
    2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Company adjusted its long-term projected tax rate to 20.0% to consider the net effect of U.S. tax law enacted in the third quarter of 2025
  8. Guidance and Outlook · Guidance & outlookPriority 62
    +1.4% revenue; 2 sources (news, press_release); 5 forward row(s); quote_verified
    Expedia Group now expects Q3 2026 revenue in the range $4.65 billion to $4.75 billion.
  9. Advertising Demand Trends · Demand, orders & backlogPriority 60
    3 sources (news, press_release, sec_filing); quote_verified
    trivago Advertising revenue increased 48% for both the three and six months ended June 30, 2026 compared to the same periods in 2025, driven by its strategic focus on brand rebuilding.
  10. Long-term Debt Issuance · Debt, leverage & refinancingPriority 55
    -3.4% liability (realized); structured_verified
    In April 2026, we issued $1 billion of registered senior unsecured notes bearing interest at 5.5% due April 2036, issued at 99.384% of par with interest payable semi-annually beginning October 15, 2026 and net proceeds of approximately $986 million.
  11. Lodging Marketplace Growth · UnclassifiedPriority 53
    quote_verified
    As a percentage of our total worldwide revenue in the second quarter of 2026, lodging accounted for 79%.
  12. Liquidity and Debt Position · Debt, leverage & refinancingPriority 52
    -1.9% cash (realized); structured_verified
    On March 27, 2026, we entered into a new revolving credit facility with aggregate commitments of $2.5 billion which matures in March 2031 and replaced the previous facility; it was essentially untapped at June 30, 2026.

Threads by pillar

Revenue & Demand Priority 91 · 8 threads

Costs & Margins Priority 89 · 5 threads

Capital & Balance Sheet Priority 94 · 6 threads

Strategy & Portfolio Priority 34 · 2 threads

Legal, Regulatory & Policy Priority 41 · 1 thread

Guidance & Outlook Priority 62 · 1 thread

Macro & Market Conditions Priority 62 · 5 threads

Unclassified Priority 72 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-14.6%+14.6%+29.5%
revenue+1.4%+1.4%+41.0%
margin+0.8%+0.8%—
liability-0.4%+0.4%-0.3%
operating_income-0.4%+0.4%+64.3%
net_income——+14.3%