Expedia Group

Expedia Q3 2026: 12% revenue growth and 28% operating income expansion driven by B2B acceleration and lodging strength

Expedia Group delivered Q3 2026 revenue of $4.94 billion, up 12% year-over-year, with operating income expanding 28% to $1.33 billion as B2B gross bookings surged 19% and total gross bookings reached $34.0 billion. The B2B segment is the structural growth engine, with 23% revenue growth and 19-21% gross bookings growth across all regions year-to-date, while B2C demonstrated margin discipline through direct marketing leverage. Three acquisitions totaling $676 million — two B2B travel companies and one AI trip planning company — signal Expedia's intent to consolidate platform capabilities rather than grow organically alone.

Expedia Group is a global online travel company that operates a portfolio of travel brands enabling consumers to research, plan, and book travel products and services worldwide. The company connects travelers with hotels, airlines, vacation rentals, car rentals, cruises, and activities through its technology platforms. Its brands serve both leisure and business travelers across multiple geographies.

Primary products

• Online hotel and lodging booking
• Alternative accommodations (Vrbo)
• Air ticketing
• Car rental
• Cruise and activities
• B2B travel technology platform