Expedia Group, Inc.
Expedia Group, Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q2 FY26 call signalled
2 of 3 strong
The short version
- Q2 2026 gross bookings expected to grow 7% to 9%; revenue growth forecasted at 9% to 11%. - Full year 2026 guidance maintained with gross bookings growth of 6% to 8%; revenue growth 6% to 9%. - EBITDA margins expected to expand by 100 to 125 basis points full year, with Q2 margins up 50 to 100 basis points. - Consumer business showed strong 10% bookings growth in Q1, fastest pace in 12 quarters, with sustained U.S. - For Q2 2026, Expedia expects: - Gross bookings growth of 7% to 9% - Revenue growth of 9% to 11% - EBITDA margins to increase by 50 to 100 basis points - Full-year 2026 outlook remains: - Gross bookings growth of 6% to 8% - Revenue growth of 6% to 9% - EBITDA margin expansion of 100 to 125 basis points, with expectations to hit the high end - Margin expansion driven by cost discipline and marketing efficiencies, though pace of improvement will moderate as elevated marketing leverage lapped from 2025.
From Expedia Group, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.
Revenue & Sales Performance
- Q2 2026 gross bookings expected to grow 7% to 9%; revenue growth forecasted at 9% to 11%.
- Full year 2026 guidance maintained with gross bookings growth of 6% to 8%; revenue growth 6% to 9%.
- EBITDA margins expected to expand by 100 to 125 basis points full year, with Q2 margins up 50 to 100 basis points.
- Consumer business showed strong 10% bookings growth in Q1, fastest pace in 12 quarters, with sustained U.S. momentum.
- B2B bookings grew 22% in Q1, led by North America and global regions; growth expected to continue.
- Marketing efficiencies and AI-driven productivity gains support margin expansion and revenue growth.
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Profitability & Margins
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Capital Expenditure Plans
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Fundraising & Capital Structure
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Order Book & Pipeline
- Q2 gross bookings growth expected to be 7% to 9%.
- Full-year gross bookings growth guidance remains at 6% to 8%.
- March experienced a slowdown in bookings due to geopolitical tensions (Middle East, Mexico), with about a 5% impact for the month.
- April showed a rebound in bookings, though not a full recovery.
- B2B bookings grew over 20% in Q1 but experienced some deceleration due to moderated promotional activities by partners; cancellations impacted due to Middle East conflict but normalized in April.
- Consumer bookings grew 10% in Q1, the fastest pace in 12 quarters.
- Expedia vacation rentals reached $1 billion annualized bookings run rate.
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Frequently Asked Questions
What were Expedia Group, Inc. Q2 FY26 results?
- Q2 2026 gross bookings expected to grow 7% to 9%; revenue growth forecasted at 9% to 11%. - Full year 2026 guidance maintained with gross bookings growth of 6% to 8%; revenue growth 6% to 9%. - EBITDA margins expected to expand by 100 to 125 basis points full year, with Q2 margins up 50 to 100 basis points. - Consumer business showed strong 10% bookings growth in Q1, fastest pace in 12 quarters, with sustained U.S. - For Q2 2026, Expedia expects: - Gross bookings growth of 7% to 9% - Revenue growth of 9% to 11% - EBITDA margins to increase by 50 to 100 basis points - Full-year 2026 outlook remains: - Gross bookings growth of 6% to 8% - Revenue growth of 6% to 9% - EBITDA margin expansion of 100 to 125 basis points, with expectations to hit the high end - Margin expansion driven by cost discipline and marketing efficiencies, though pace of improvement will moderate as elevated marketing leverage lapped from 2025.
What is Expedia Group, Inc. share price analysis?
Expedia Group, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 19.7 with a market cap of $27,311. Investors should review the full earnings analysis for detailed insights.
Is Expedia Group, Inc. planning capital expenditure?
The transcript does not explicitly mention specific current or future capital expenditures (capex) or strategic investments in traditional terms.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.