Expedia Q4 Revenue Rises 11.4% to $3.55B, EPS Soars 58%
Expedia posted Q4 revenue of $3.55B, up 11.4% year-over-year, beating consensus by 4.2%, and delivered EPS of $3.78, a 58% increase over last year and surpassing estimates by 9.3%. Gross bookings reached $27B, led by B2B growth of 24.2% and trivago revenue jumping 47%.
1. Q4 Financial Highlights
Expedia posted revenue of $3.55 billion for the quarter ended December 2025, up 11.4% year-over-year, and reported EPS of $3.78 versus $2.39 a year ago, delivering respective surprises of 4.2% and 9.3% over analyst estimates.
2. Segment Performance
Total gross bookings reached $27 billion, with merchant bookings at $16.49 billion and agency at $10.52 billion; non-U.S. revenue climbed 17.3% to $1.51 billion, U.S. revenue rose 7.4% to $2.04 billion, B2B jumped 24.2% to $1.29 billion, and lodging revenues grew 10.9% to $2.82 billion.
3. Market Reaction
Shares of Expedia have declined 19.7% over the past month, but a 4.2% revenue surprise and 9.3% EPS beat, combined with strong B2B and trivago segment growth, could drive a market reassessment of the stock’s outlook.