Booking Holdings vs Expedia
This page offers a detailed comparison between Booking Holdings and Expedia. Explore an in-depth analysis of their distinct business models, assess their financial performance across key metrics, and understand their positions within the current market context. Gain valuable insights into these leading travel industry entities without external claims or specific recommendations. Educational content, not financial advice.
This page offers a detailed comparison between Booking Holdings and Expedia. Explore an in-depth analysis of their distinct business models, assess their financial performance across key metrics, and ...
Why It's Moving
BKNG Braces for Q4 Earnings with Analyst Upgrades Signaling Travel Rebound Potential
- Vanguard boosted its BKNG stake by 0.4% to $16.06 billion, underscoring institutional confidence in long-term travel recovery.
- BTIG reaffirmed 'buy' rating while Gordon Haskett upgraded to 'buy,' highlighting upside from operational momentum and multi-vertical expansion.
- Connected-trip segment surges over 20%, boosting margins via bundled bookings, as ChatGPT partnership aims to lift conversions ahead of earnings.
Expedia's Q4 Earnings Ignite Optimism for 2026 Growth Despite Short-Term Volatility
- Q4 results prompted a raised quarterly dividend to $0.48 per share, payable March 26, underscoring confidence in cash flow stability amid robust booking trends.
- Forward guidance highlights AI tools and a unified platform boosting margins, with B2B and advertising as resilient revenue drivers.
- Upcoming catalysts include sustained room night growth and international expansion, positioning Expedia to navigate economic cycles effectively.
BKNG Braces for Q4 Earnings with Analyst Upgrades Signaling Travel Rebound Potential
- Vanguard boosted its BKNG stake by 0.4% to $16.06 billion, underscoring institutional confidence in long-term travel recovery.
- BTIG reaffirmed 'buy' rating while Gordon Haskett upgraded to 'buy,' highlighting upside from operational momentum and multi-vertical expansion.
- Connected-trip segment surges over 20%, boosting margins via bundled bookings, as ChatGPT partnership aims to lift conversions ahead of earnings.
Expedia's Q4 Earnings Ignite Optimism for 2026 Growth Despite Short-Term Volatility
- Q4 results prompted a raised quarterly dividend to $0.48 per share, payable March 26, underscoring confidence in cash flow stability amid robust booking trends.
- Forward guidance highlights AI tools and a unified platform boosting margins, with B2B and advertising as resilient revenue drivers.
- Upcoming catalysts include sustained room night growth and international expansion, positioning Expedia to navigate economic cycles effectively.
Investment Analysis
Booking Holdings
BKNG
Pros
- Booking Holdings maintains larger scale with over 28 million accommodation listings across 220+ countries.
- Genius loyalty programme drives direct engagement and repeat bookings effectively.
- Achieved 14% gross bookings growth in Q3 2025, outpacing Expedia on revenue expansion.
Considerations
- Growth decelerating relative to competitors, with room nights up only 8.2% versus Expedia's 10% in 2025.
- Stock returned just 10.3% in 2025, lagging S&P 500 and Expedia's 55.6% surge.
- Higher cost of revenue and 15% operating expense growth signal negative operating leverage.
Expedia
EXPE
Pros
- B2B gross bookings surged 26% in Q3 2025 through partnerships with airlines and banks.
- One Key loyalty programme boosted room nights growth to 10%, exceeding Booking Holdings.
- Adjusted EBITDA margin expanded over 200 basis points, achieving faster efficiency gains.
Considerations
- Higher stock volatility at 8.11% compared to Booking Holdings' 5.42%.
- Smaller inventory with over 3 million listings versus Booking's 28 million properties.
- Commissions vary widely from 10-30%, averaging 20% for hotels.
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Booking Holdings (BKNG) Next Earnings Date
Booking Holdings (BKNG) next earnings release is scheduled for February 18, 2026, after market close. This report will cover the fourth quarter of 2025 (Q4 2025), ending December 31, 2025, consistent with the company's historical late-February pattern for year-end results. Consensus anticipates an EPS around $47-48, following the prior Q3 release on October 28, 2025.
Expedia (EXPE) Next Earnings Date
Expedia Group's next earnings release is scheduled for April 29, 2026, which will cover the first quarter of 2026. The company typically reports earnings after market close and holds a conference call to discuss quarterly results with investors. Based on historical patterns, the company has consistently reported earnings in late April for Q1 results.
Booking Holdings (BKNG) Next Earnings Date
Booking Holdings (BKNG) next earnings release is scheduled for February 18, 2026, after market close. This report will cover the fourth quarter of 2025 (Q4 2025), ending December 31, 2025, consistent with the company's historical late-February pattern for year-end results. Consensus anticipates an EPS around $47-48, following the prior Q3 release on October 28, 2025.
Expedia (EXPE) Next Earnings Date
Expedia Group's next earnings release is scheduled for April 29, 2026, which will cover the first quarter of 2026. The company typically reports earnings after market close and holds a conference call to discuss quarterly results with investors. Based on historical patterns, the company has consistently reported earnings in late April for Q1 results.
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