EXPE · 10-Q · 2026Q2

Expedia Group, Inc.

Filed 2026-08-06 · Other · View original filing on EDGAR

Ranked Events

• Income Tax Rate ChangesImportance 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…
• Liquidity and Debt PositionImportance 79 · Surprise 66
  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…
• IRS Transfer Pricing AuditsImportance 71 · Surprise 60
  The IRS issued transfer-pricing adjustments involving Expedia Group’s foreign subsidiaries for tax years 2011 through 2018. The proposed federal income-tax exposure is approximately $287 million to $313 million for…
• Operating Income and MarginsImportance 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…
• Capital Return ProgramImportance 64 · Surprise 42
  In May 2026, Expedia Group authorized an additional $5 billion share-repurchase program, supplementing the $5 billion program authorized in November 2023. During the six months ended June 30, 2026, the company…
• Operating Cash Flow TrendsImportance 64 · Surprise 56
  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…
• Revenue Performance and MixImportance 54 · Surprise 40
  Second-quarter 2026 revenue increased 14% year over year to $4.315 billion, while six-month revenue also increased 14% to $7.741 billion. B2C revenue rose to $2.677 billion from $2.479 billion, and B2B revenue…
• Long-term Debt IssuanceImportance 52 · Surprise 42
  Expedia Group issued $1 billion of registered senior unsecured notes in April 2026 carrying a 5.5% coupon and maturing in April 2036. The notes were issued at 99.384% of par, producing approximately $986 million of net…
• Interest Rate EnvironmentImportance 52 · Surprise 56
  Expedia Group said inflation and higher interest rates could raise living costs and moderate average daily rates in hotel and alternative-accommodation markets. The company also disclosed $172 million of interest…
• Advertising Demand TrendsImportance 52 · Surprise 56
  EG Advertising generated $206 million of advertising revenue in the second quarter of 2026, up 13% year over year, driven by sponsored listings. Trivago generated $145 million of third-party revenue, up 48%, reflecting…
• Lodging Marketplace GrowthImportance 49 · Surprise 32
  Lodging represented 79% of Expedia Group’s worldwide revenue in the second quarter of 2026. Room nights booked increased 6%, while Expedia Group ADRs booked increased 5% in the quarter. As of June 30, 2026, the…
• Air Demand and CapacityImportance 45 · Surprise 50
  Events in the Middle East reduced global air capacity and caused a material increase in prices during 2026. Higher prices adversely affected Expedia’s booked air-ticket volume, although the impact on total booked value…
• Operating Expense TrendsImportance 42 · Surprise 40
  Direct selling and marketing expense increased $199 million in the second quarter and $298 million in the first six months of 2026, primarily because of higher B2B partner commissions supporting revenue growth. B2C…
• Headcount / RestructuringImportance 39 · Surprise 50
  Expedia Group recorded $69 million of restructuring and related reorganization charges in the six months ended June 30, 2026, compared with $70 million in the prior-year period. The charges were predominantly for…
• FX / Currency ImpactImportance 38 · Surprise 46
  Foreign-exchange movements reduced Expedia Group’s cash and restricted cash balances denominated in foreign currencies by $36 million during the six months ended June 30, 2026. The decrease reflected net depreciation…
• Global Tax Regulatory ChangesImportance 37 · Surprise 42
  Expedia Group identified increasing tax-revenue initiatives and more aggressive enforcement by domestic and international tax authorities, including digital services taxes. The company remained subject to tax inquiries…
• Competition and New EntrantsImportance 37 · Surprise 42
  Expedia operates in a broad and highly competitive online travel market, with online penetration higher in the United States and Western Europe than in emerging markets such as Latin America and Eastern Europe.…
• One Key Loyalty ProgramImportance 34 · Surprise 42
  Expedia launched One Key in the United States and United Kingdom as a unified loyalty program spanning Brand Expedia, Hotels.com, and Vrbo. Members can earn and redeem rewards across air, hotels, and alternative…
• Alternative Accommodations ExpansionImportance 33 · Surprise 42
  Vrbo specializes in unique whole-home inventory and is primarily focused on North American leisure markets. Expedia transitioned Vrbo from a listings-based classified advertising model to an online transactional model…
• AI Competition and AdoptionImportance 31 · Surprise 42
  Generative AI tools are increasingly being used by competitors to offer AI-powered travel planning and assistance, intensifying competition in online travel. Expedia Group is integrating AI across traveler-facing…

Revenue by Product (in millions)