EXPE · 10-Q · 2026Q2 · Full report
Income Tax Rate Changes
Expedia Group, Inc. · 2026-08-06 · Importance 84 · Surprise 100
The effective tax rate declined to 14.8% in the second quarter of 2026 from 23.9% in the prior-year quarter. For the first six months, the effective tax rate fell to 17.9% from 39.3%, primarily because of nontaxable mark-to-market gains. The IRS proposed transfer-pricing adjustments covering tax years 2011 through 2018 that could produce federal income tax liabilities of approximately $988 million to $1.224 billion, before interest. Expedia Group disagrees with the adjustments and plans to defend its position through administrative procedures.