EXPE · 10-Q · 2026Q3 · Full report

Liquidity and Debt Position

Expedia Group, Inc. · 2026-11-05 · Importance 64 · Surprise 42 · No source text

Cash, cash equivalents, and short-term investments totaled $5.6 billion at September 30, 2026, compared with $5.7 billion at December 31, 2025; $442 million was held outside the United States. A new $2.5 billion revolving credit facility, replacing one with the same commitment, matures in March 2031 and was essentially untapped at quarter-end. In April 2026, Expedia issued $1 billion of 5.5% senior unsecured notes due in April 2036, receiving approximately $986 million in net proceeds. In February 2026, it repaid $750 million of 5.0% Notes and paid approximately $1.1 billion to repay and settle the maturing Convertible Notes, including a conversion premium of approximately $78 million.

Key facts

• Net cash used in investing activities was $1.8 billion in the nine months ended September 30, 2026, compared with $332 million in the prior-year period; the increased usage primarily reflected net investment purchases instead of net sales and maturities, and cash used for acquisitions. source
• On March 27, 2026, Expedia Group entered a $2.5 billion revolving credit facility, replacing a facility with the same commitment level; it matures in March 2031 and was essentially untapped at September 30, 2026. source
• In April 2026, Expedia Group issued $1 billion of 5.5% senior unsecured notes due April 2036, at 99.384% of par. source
• Expedia Group expected to use approximately $986 million of net proceeds from the 5.5% notes for general corporate purposes, potentially including debt repayment, dividends, stock repurchases, working capital, capital expenditures and acquisitions. source
• In February 2026, Expedia Group repaid its $750 million 5.0% senior notes at maturity, together with applicable accrued and unpaid interest. source
• In February 2026, Expedia Group paid approximately $1.1 billion in cash to repay principal and settle conversion-related obligations when its Convertible Notes matured, including an approximately $78 million conversion premium. source
• Expedia Group’s cash and cash equivalents and short-term investments totaled $5.6 billion at September 30, 2026, compared with $5.7 billion at December 31, 2025. source
• At September 30, 2026, Expedia Group held $442 million of cash and cash equivalents and short-term investments outside the United States, including $283 million in wholly owned foreign subsidiaries and $158 million in majority-owned subsidiaries. source

Impact estimates