The deformation of landslides is a non-linear dynamic and complex process due to the impacts of both inherent and external factors. Understanding the basis of landslide deformation is essential to prevent damage to properties and losses of life. To forecast the landslides displacement, a hybrid machine learning model is proposed, in which the Variational Modal Decomposition (VMD) is implemented to decompose the measured total surface displacement into the trend and periodic components. The Double Exponential Smoothing algorithm (DES) and Extreme Learning Machine (ELM) were adopted to predict the trend and the periodic displacement, respectively. Particle Swarm Optimization (PSO) algorithm was selected to obtain the optimal ELM model. The proposed method and implementation procedures were illustrated by a step-like landslide in the Three Gorges Reservoir area. For comparison, Least Square Support Vector Machine (LSSVM) and Convolutional Neutral Network–Gated Recurrent Unit (CNN–GRU) were also conducted with the same dataset to forecast the periodic component. The application results show that DES-PSO-ELM outperformed the other two methods in landslide displacement prediction, with RMSE, MAE, MAPE, and R² values of 1.295mm, 0.998 mm, 0.008%, and 0.999, respectively.