EXPE · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

Expedia Group, Inc. · 2026-08-06 · Importance 64 · Surprise 56 · In source text

Net cash provided by operating activities increased to $5.409 billion in the six months ended June 30, 2026, from $4.073 billion in the prior-year period. The $1.336 billion increase was driven primarily by higher working-capital benefits from deferred merchant bookings and merchant accounts payable, together with higher operating income after depreciation and amortization adjustments. Investing cash use increased to $1.208 billion from $220 million, reflecting net investment purchases, currency-forward settlements, and acquisitions. Financing cash use increased to $2.057 billion and included $1.8 billion of debt redemptions, $1.1 billion of share purchases, and $116 million of dividends, partly offset by $986 million of senior-note proceeds.

Key facts

• Net cash provided by operating activities for the six months ended June 30, 2026 was $5,409 million compared to $4,073 million for the six months ended June 30, 2025, an increase of $1,336 million. source
• Net cash used in investing activities for the six months ended June 30, 2026 was $1,208 million compared to $220 million used in the prior year period, a change of $988 million. source
• Net cash used in investing activities for the six months ended June 30, 2026 was primarily due to net purchase of investments, settlement of currency forward contract losses, and cash used for acquisitions compared to sales and maturities, gains and fewer acquisitions in the prior year. source

Impact estimates