EXPE · 10-Q · 2026Q2 · Full report

Operating Income and Margins

Expedia Group, Inc. · 2026-08-06 · Importance 69 · Surprise 64

Second-quarter 2026 operating income increased to $803 million from $484 million, raising operating margin to 18.6% from 12.8%. Six-month operating income reached $1.051 billion versus $412 million, increasing operating margin to 13.6% from 6.1%. Management attributed the improvement primarily to revenue growth exceeding operating-cost growth. Segment Adjusted EBITDA increased to $1.259 billion in the quarter and $1.947 billion year to date, while total Adjusted EBITDA increased to $1.119 billion and $1.661 billion, respectively.

Key facts

• Operating income for the six months ended June 30, 2026 was $1,051 million. source
• Total Adjusted EBITDA for the three months ended June 30, 2026 was $1,119 million and for the six months ended June 30, 2026 was $1,661 million. source
• B2C segment Adjusted EBITDA increased during the three and six months ended June 30, 2026 compared to the same periods in 2025 due to revenue growth and disciplined cost management, particularly in direct selling and marketing in the year-to-date period. source