What is Expedia Group, Inc.'s B2B — revenue?

Expedia Group, Inc. (EXPE) reported B2B — revenue of $1.18B in Q1 2026.

What does B2B — revenue mean?

Represents the total gross income generated by the business-to-business segment through travel-related services provided to corporate partners, affiliates, and other travel providers. This revenue stream reflects the scale of the company's white-label solutions and partnership distribution network.

Expedia Group, Inc. EXPE B2B — Revenue

Other segment segments

B2C

$2.12B+8.3%

trivago

$167M+27.5%

Similar metrics at other companies

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LBTYBTotal B2B revenue — Revenue

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GDOTB2B Services — Operating revenues

$417.54M+22.1%

DLXB2B Payments — Total Revenue

$73.5M+4.7%

OPT

OPTUBusiness services and wholesale — Revenue

$364.3M+0.2%

GBTGTravel revenue — Total Revenue

$665M+33.3%

Other financials

Income statement

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Revenue$3.4B+14.7%

Gross profit$3.0B+15.9%

Operating income$251.0M+459%

Net income-$6.0M+97.0%

EPS (diluted)-$0.05+96.8%

Balance sheet

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Cash & equivalents$5.5B-3.1%

Total debt$4.7B-27.2%

Total equity$576.0M-46.3%

Total assets$26.5B+1.3%

Cash flow

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Operating cash flow$3.9B+33.2%

CapEx$184.0M-6.1%

Free cash flow$3.7B+36.0%

Valuation

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Market cap$31.54B+46.6%

Enterprise value$30.71B+41.6%

P/E21.2×+1.9×

P/S2.1×+0.5×

Profitability

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Gross margin90.3%+0.7pp

Operating margin14.4%+4.6pp

Net margin9.8%+1.3pp

FCF margin48.9%—

Returns & leverage

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Return on equity180.6%+61.4pp

Debt / equity8.2×+2.1×

Current ratio0.7×0.0×

Where this comes from

Reported directly by Expedia Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Expedia Group, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Expedia Group, Inc.'s B2B — revenue?: Expedia Group, Inc. (EXPE) reported B2B — revenue of $1.18B in Q1 2026.
What does B2B — revenue mean?: Represents the total gross income generated by the business-to-business segment through travel-related services provided to corporate partners, affiliates, and other travel providers. This revenue stream reflects the scale of the company's white-label solutions and partnership distribution network.