EXPE · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

Expedia Group, Inc. · 2026-08-06 · Importance 79 · Surprise 66 · From source text

Cash, cash equivalents, and short-term investments totaled $7.1 billion at June 30, 2026, up from $5.7 billion at December 31, 2025, with $398 million held outside the United States. A new $2.5 billion revolving credit facility was entered into on March 27, 2026, replacing the prior facility and maturing in March 2031; it was essentially undrawn at quarter-end. Expedia Group issued $1.0 billion of 5.5% senior unsecured notes due April 2036 and received approximately $986 million of net proceeds. The company repaid $750 million of 5.0% notes and approximately $1.1 billion related to matured convertible notes in February 2026.

Key facts

• 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. source
• Our principal sources of liquidity include cash flows from operations and cash and cash equivalents and short-term investments of $7.1 billion at June 30, 2026 and $5.7 billion at December 31, 2025. source
• For the six months ended June 30, 2026, net cash used in financing activities primarily included $1.8 billion of payments related to the redemption of our 5.0% Notes and our 0% Convertible Notes, $1.1 billion of cash paid to acquire shares, and cash dividend payments of $116 million, partially offset by proceeds from issuance of 5.5% senior notes with net proceeds of $986 million. source
• Also in February 2026, upon maturity of the Convertible Notes, we paid approximately $1.1 billion in cash to repay the principal amount and settle payment obligations in connection with conversion elections, which included a conversion premium of approximately $78 million. source
• In February 2026, $750 million of senior unsecured notes that bore interest at 5.0% matured and the balance was repaid along with applicable accrued and unpaid interest. source
• Net cash used in financing activities for the six months ended June 30, 2026 was $2,057 million compared to $1,180 million for the six months ended June 30, 2025, a change of $877 million. source
• As of June 30, 2026, the total cash and cash equivalents and short-term investments held outside the United States was $398 million ($220 million in wholly-owned foreign subsidiaries and $178 million in majority-owned subsidiaries). source
• We were in compliance with the covenants and conditions in our revolving credit facility and outstanding debt as of June 30, 2026. source

Impact estimates