Expedia Group (EXPE) Q3 EPS $8.42; raises full-year guidance

Expedia Group reported third-quarter 2026 diluted GAAP EPS of $8.42, up 15% year over year, on revenue of $4.94 billion, a 12% increase that exceeded the high end of its guidance. Gross bookings rose 11% to $34.0 billion, with B2B bookings up 19% and B2B revenue up 23%, while adjusted EBITDA climbed 17% to $1.69 billion and adjusted EPS rose 24% to $9.39. The company repurchased about 2 million shares for $576 million and declared a quarterly dividend of $0.48 per share. Expedia raised full-year 2026 guidance to gross bookings of $131.4–$131.9 billion (up 10%), revenue of $16.37–$16.43 billion (up 11–12%), and adjusted EBITDA margin expansion of 1.8–2.0 points. For the fourth quarter, it guided to gross bookings of $27.9–$28.4 billion, revenue of $3.69–$3.75 billion, and adjusted EBITDA of $830–$880 million. Investors will watch whether B2B momentum and AI-driven productivity gains sustain margin expansion amid softer implied fourth-quarter growth.