Seattle-based Expedia Group has reported its highest first-quarter profitability on record, with revenue growing 15% year-over-year and gross bookings climbing 13% in the three months ended 31 March 2026, as the global travel marketplace delivered results that surpassed expectations despite a challenging macroeconomic environment.
The company’s business-to-business segment led the growth, with B2B gross bookings rising 22% and B2B revenue up 25% compared to the same period last year. Consumer-facing gross bookings grew 10%, while lodging gross bookings increased 13% and booked room nights rose 6%. Adjusted EBITDA increased 83%, with 591 basis points of margin expansion, while adjusted net income grew 361% and adjusted earnings per share climbed 386%.
CEO Ariane Gorin described the results as a strong foundation for the year ahead. “Through disciplined execution of our strategic priorities, we achieved the highest first-quarter profitability in our history,” Gorin said. “Looking ahead, we remain confident in our ability to drive increasing value for travelers, partners, and shareholders.”
On the capital return front, Expedia repurchased approximately 3.3 million shares for $700 million during the quarter and paid a quarterly dividend of $0.48 per share on 26 March. The company’s Executive Committee has declared another quarterly dividend of $0.48 per share, payable on 18 June 2026 to stockholders of record as of 28 May.
Expedia Group operates three flagship consumer brands, Expedia, Hotels.com, and Vrbo, alongside the largest B2B travel business and a premier advertising network. The company serves millions of travellers across more than 70 countries.
