EXPE — what changed in the latest 10-Q
A section-by-section comparison of EXPE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +44 | −27 | ~27 | 49 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | 0 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | +1 | −1 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
Three months ended September 30,Nine months ended September 30,
Three months ended September 30,Nine months ended September 30,
Revenue increased 12% and 13% for the three and nine months ended September 30, 2026, compared to the same periods in 2025, driven by lodging growth in both our B2B and B2C segments.
Three months ended September 30,Nine months ended September 30,
Lodging revenue increased 11% and 12% for the three and nine months ended September 30, 2026, compared to the same periods in 2025, primarily driven by an increase in room nights stayed in our hotel business and higher ADRs stayed.
Text removed vs the prior filing · source: 10-Q · 2026-08-06
Revenue increased 14% for both the three and six months ended June 30, 2026, compared to the same periods in 2025, driven by lodging growth in both our B2B and B2C segments.
Lodging revenue increased 13% for both the three and six months ended June 30, 2026, compared to the same periods in 2025, primarily driven by higher ADRs stayed and an increase in room nights stayed in our hotel business.
Air revenue decreased for the three and six months ended June 30, 2026, compared to the same periods in 2025, primarily driven by lower revenue per ticket, as well as 5% lower air tickets sold during the three months ended June 30, 2026.
EG Advertising revenue increased 13% for both the three and six months ended June 30, 2026, compared to the same periods in 2025, driven by our sponsored listing business. trivago Advertising revenue increased 48% for both the three and six months ended June 30, 2026, compared to the same periods in…
All other revenue, which includes insurance, car, cruise and activities, increased 23% and 20% for the three and six months ended June 30, 2026, compared to the same periods in 2025 primarily due to higher insurance and activities revenue.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-05
There have been no material changes in our market risk during the three and nine months ended September 30, 2026. For additional information, see Item 7A, Quantitative and Qualitative Disclosures About Market Risk, in Part II of our Annual Report on Form 10-K for the year ended December 31, 2025.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-05
Helms Burton Litigation. On August 31, 2026, the jury in the Mata matter returned a verdict in favor of defendants. On September 28, 2026, plaintiff filed a motion for a new trial.
Text removed vs the prior filing · source: 10-Q · 2026-08-06
Helms Burton Litigation. On June 18, 2026, the court in Echevarria II stayed the case pending resolution of the appeal in Echevarria I.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice