Equity Profile

EXPE

Expedia Group, Inc.

Consumer DiscretionaryHotels, Resorts & Cruise Lines$31.9B

Jul31Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Expedia Group, Inc. is a leading online travel agency that helps consumers book hotels, flights, and vacation packages....

Key Metrics to Watch

Revenue Growth

Revenue growth is crucial as it indicates the company's ability to capture market share and respond to consumer demand.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator of financial health, impacting investor sentiment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXPE Q2-2026 Earnings Preview

Context

Company Snapshot

Expedia Group, Inc. is a leading online travel agency that helps consumers book hotels, flights, and vacation packages. As part of the consumer discretionary sector, its performance is closely tied to consumer spending and travel trends, making it an important player in the travel and hospitality industry.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+87.04%

Avg Stock Reaction

+1.56%

Last Quarter Recap

In the last quarter, Expedia reported an impressive EPS of $1.96, significantly beating estimates. The stock reacted positively, rising by 2.49% the following day.

Management Promises & Guidance

Focus on enhancing user experience on the platform.
Expansion into new markets to drive growth.
Commitment to improving customer service and support.

Expectations

Wall Street Expectations

Overall, expectations are high for Expedia's upcoming earnings report, especially given its strong performance in previous quarters.

Bull Case

If Expedia continues its trend of beating EPS estimates, it could see a significant boost in stock price, reflecting strong consumer demand and effective management strategies.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could face a sharp decline in stock price, as investor confidence may wane.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this will be a key indicator of ongoing financial health and market confidence.

How has booking volume changed compared to last quarter?

Understanding changes in booking volume will provide insight into consumer demand and the effectiveness of Expedia's marketing strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of recent marketing initiatives that could drive higher booking volumes this quarter.

Supporting Evidence

Previous quarters have shown a consistent trend of beating EPS estimates, indicating strong operational performance.

The options market is pricing in a move of 3.55%, suggesting that traders expect significant volatility, which may reflect underlying strength.

Expedia's recent investments in technology and customer service could lead to improved user engagement and higher bookings.

Key Risk

If booking volume exceeds expectations, it could significantly shift market sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to maintain momentum in a competitive travel market.

Bull Confirmed If

A booking volume increase of over 15% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in booking volume or EPS below $1.50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.55%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a move of about 3.55%, indicating that traders expect some volatility around the earnings announcement.

Options are pricing ±3.5% while EXPE has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

44.6%

Calls (53K)P/C Ratio: 3.26Puts (55K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Expedia beats expectations, history suggests a potential stock increase of around 1.56%, confirming strong consumer demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline, with an average drop of around 1.56%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on booking volume trends compared to last quarter.
2Any commentary on new market expansions and their expected impact.
3Insights into customer engagement and satisfaction metrics.
4Details on cost management and operational efficiencies.
5Guidance on future revenue expectations and market conditions.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Old National Bancorp

Company Snapshot

Expedia Group, Inc. is a leading online travel agency that helps consumers book hotels, flights, and vacation packages....

Key Metrics to Watch

Revenue Growth

Revenue growth is crucial as it indicates the company's ability to capture market share and respond to consumer demand.

N/A

Earnings Per Share (EPS)

EPS reflects the company's profitability and is a key indicator of financial health, impacting investor sentiment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

EXPE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+87.04%

Avg Stock Reaction

+1.56%

Last Quarter Recap

In the last quarter, Expedia reported an impressive EPS of $1.96, significantly beating estimates. The stock reacted positively, rising by 2.49% the following day.

Management Promises & Guidance

Focus on enhancing user experience on the platform.
Expansion into new markets to drive growth.
Commitment to improving customer service and support.

Expectations

Wall Street Expectations

Overall, expectations are high for Expedia's upcoming earnings report, especially given its strong performance in previous quarters.

Bull Case

If Expedia continues its trend of beating EPS estimates, it could see a significant boost in stock price, reflecting strong consumer demand and effective management strategies.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could face a sharp decline in stock price, as investor confidence may wane.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given the company's history of beating EPS estimates, this will be a key indicator of ongoing financial health and market confidence.

How has booking volume changed compared to last quarter?

Understanding changes in booking volume will provide insight into consumer demand and the effectiveness of Expedia's marketing strategies.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of recent marketing initiatives that could drive higher booking volumes this quarter.

Supporting Evidence

Previous quarters have shown a consistent trend of beating EPS estimates, indicating strong operational performance.

The options market is pricing in a move of 3.55%, suggesting that traders expect significant volatility, which may reflect underlying strength.

Expedia's recent investments in technology and customer service could lead to improved user engagement and higher bookings.

Key Risk

If booking volume exceeds expectations, it could significantly shift market sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to maintain momentum in a competitive travel market.

Bull Confirmed If

A booking volume increase of over 15% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A decline in booking volume or EPS below $1.50 would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±3.55%

Historical Avg

±2.2%

Pricing rich

The options market is pricing in a move of about 3.55%, indicating that traders expect some volatility around the earnings announcement.

Options are pricing ±3.5% while EXPE has averaged ±2.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

44.6%

Calls (53K)P/C Ratio: 3.26Puts (55K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Expedia beats expectations, history suggests a potential stock increase of around 1.56%, confirming strong consumer demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

Should the company miss expectations, history suggests a potential decline, with an average drop of around 1.56%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on booking volume trends compared to last quarter.
2Any commentary on new market expansions and their expected impact.
3Insights into customer engagement and satisfaction metrics.
4Details on cost management and operational efficiencies.
5Guidance on future revenue expectations and market conditions.