Jun 2026 (Q2 FY26) — Aug 4, 2026
Booking Holdings Q2 FY26 — Strong Execution and AI-Driven Efficiencies
Read the full callBooking Holdings (BKNG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Booking Holdings earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7,352 | +8.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 34.0 | +0.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
46 of 46 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA growth | between 4% and 6% | Mar 2026 | Adjusted EBITDA of approximately $2.6 billion grew 9% year-over-year, exceeding the high end of our guidance. | Achieved |
| Adjusted EBITDA margin expansion | approximately 50 basis points | Dec 2025 | full year expectation is for gross bookings, revenue and adjusted EBITDA to each be up high single digits | Diluted |
| Adjusted EBITDA growth | between 4% and 6% | Jun 2026 | and for gross bookings, revenue and adjusted EBITDA to each increase between 4% and 6%. | New |
22 of Booking Holdings Inc.'s 68 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 65 more targets are in the full ledger.
Claimed
- Exceeded the high end of guidance across all key financial metrics.
- Room nights grew 5%, exceeding the high end of guidance by 1 percentage point.
- Adjusted EBITDA grew 9% year-over-year to approximately $2.6 billion, with margin expansion of nearly 40 basis points.
- Expected annual run rate savings from the transformation program increased from $550 million to $650 million.
- Returned $4.1 billion to shareholders, including $3.7 billion in share repurchases, marking a record quarter.
Qualified
- The Middle East conflict continues to affect travel demand, particularly long-haul international travel, due to elevated airline prices and reduced capacity.
- SEO remains under pressure across much of consumer Internet, though direct channel growth continues.
- Alternative accommodation room nights at Booking.com grew 4%, slightly lower than overall room night growth.
Price
$162.6 −0.52% · −$0.85
Performance −19.8% 1Y
1Y: $202.8 on 17 Oct 2025 → $162.6. High $219.68 (9 Jan 2026), low $154.13 (15 May 2026).
- Previous close
- $163.45
- 52-week range
- $154.13 – $219.68
- One year
- −20.95%
Overview
- Symbol
- BKNG
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
46 of 46 judged targets kept · 22 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA growth | between 4% and 6% | Mar 2026 | Adjusted EBITDA of approximately $2.6 billion grew 9% year-over-year, exceeding the high end of our guidance. | Achieved |
| Adjusted EBITDA margin expansion | approximately 50 basis points | Dec 2025 | full year expectation is for gross bookings, revenue and adjusted EBITDA to each be up high single digits | Diluted |
| Adjusted EBITDA growth | between 4% and 6% | Jun 2026 | and for gross bookings, revenue and adjusted EBITDA to each increase between 4% and 6%. | New |
Claimed
- Exceeded the high end of guidance across all key financial metrics.
- Room nights grew 5%, exceeding the high end of guidance by 1 percentage point.
- Adjusted EBITDA grew 9% year-over-year to approximately $2.6 billion, with margin expansion of nearly 40 basis points.
- Expected annual run rate savings from the transformation program increased from $550 million to $650 million.
- Returned $4.1 billion to shareholders, including $3.7 billion in share repurchases, marking a record quarter.
Qualified
- The Middle East conflict continues to affect travel demand, particularly long-haul international travel, due to elevated airline prices and reduced capacity.
- SEO remains under pressure across much of consumer Internet, though direct channel growth continues.
- Alternative accommodation room nights at Booking.com grew 4%, slightly lower than overall room night growth.
The full ledger
Open Booking Holdings Inc.’s full ledger
A free account opens 5 company ledgers a month. All 68 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Booking Holdings Q1 FY26 — Solid execution absorbs ~2pt Middle East conflict drag
Read the full callDec 2025 (Q4 FY25) — Feb 18, 2026
Booking Holdings Q4 FY25 — Strong Growth and Strategic Reinvestments
Read the full callEvery analysed call
Booking Holdings earnings calls (BKNG)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,994 | 5,471 | 4,762 | 6,798 | 9,008 | 6,349 | 5,532 | 7,352 |
| Operating profit | 3,179 | 1,729 | 1,062 | 2,250 | 3,483 | 2,030 | 1,271 | 2,500 |
| Operating margin | 39.8% | 31.6% | 22.3% | 33.1% | 38.7% | 32.0% | 23.0% | 34.0% |
| Interest | 305 | 507 | 649 | 418 | 301 | 249 | 253 | 300 |
| Profit before tax | 2,869 | 1,564 | 396 | 1,104 | 3,469 | 1,863 | 1,399 | 2,560 |
| Tax rate | 12.3% | 31.7% | 15.9% | 18.9% | 20.8% | 23.4% | 22.6% | 23.8% |
| EPS ($ per share) | 75.37 | — | 0.41 | 1.10 | 84.86 | — | 1.37 | 2.54 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Reserves | 18,367 | 23,232 | 23,288 | 24,453 | 27,541 | 31,830 | 36,525 | 40,670 |
| Total liabilities | 13,902 | 15,469 | 16,981 | 17,463 | 22,579 | 27,086 | 31,728 | 34,842 |
| Fixed assets | 656 | 738 | 756 | 822 | 669 | 784 | 832 | 807 |
| Investments | 3,660 | 998 | 501 | 25 | 175 | 576 | 0 | — |
| Total assets | 22,687 | 21,402 | 21,874 | 23,641 | 25,361 | 24,342 | 27,708 | 29,264 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5,338 | 4,865 | 85 | 2,820 | 6,554 | 7,344 | 8,323 | 9,409 |
| Cash from investing | 2,215 | 7,050 | 2,637 | -998 | -518 | 1,486 | 129 | -313 |
| Cash from financing | -7,431 | -8,220 | 1,528 | -1,239 | -4,897 | -8,909 | -4,204 | -8,915 |
| Net cash flow | 82 | 3,687 | 4,250 | 570 | 1,099 | -116 | 4,058 | 1,076 |
| Capital expenditure | -442 | -368 | -286 | -304 | -368 | -345 | -429 | -322 |
| Free cash flow | 4,896 | 4,497 | -201 | 2,516 | 6,186 | 6,999 | 7,894 | 9,087 |
BKNG revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +8.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
BKNG operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Properties Alternative Accommodations | 7.9MFor alternative accommodations at Booking.com, we continue to see year-over-year growth with listings at the end of Q4, reaching 7.9 million, up about 8% from last year.Source: earnings call transcript | 8.4MWith Booking.com's alternative accommodation listings reaching 8.4 million, an increase of 8% year-over-year.Source: earnings call transcript | 8.6M+In the most recent quarter, listings grew to over 8.6 million, up approximately 10% year-over-year, with double-digit room night growth.Source: earnings call transcript | 8.6MWe're now at 8.6 million listings.Source: earnings call transcript | — | — |
| Room nights booked | — | 309MRoom nights reached 309 million, an 8% year-over-year increase exceeding the high end of our prior expectations, driven by strong performance across Europe and Asia.Source: earnings call transcript | 323MOur third quarter room nights reached 323 million, an 8% year-over-year increase.Source: earnings call transcript | 285MOur fourth quarter room nights reached $285 million, a 9% year-over-year increase.Source: earnings call transcript | 338MWe booked 338 million room nights, which was in line with our prior expectations and represented 6% year-over-year growth.Source: earnings call transcript | +18.6% |
| Airline tickets booked | — | 16M+We achieved another quarter of healthy growth across our other travel verticals, as Glenn mentioned, during the second quarter, over 16 million airline tickets were booked across our platforms, representing an increase of 44% year-over-year.Source: earnings call transcript | 17M+During the third quarter, over 17 million airline tickets were booked across our platforms, representing an increase of 32% year-over-year, driven by the continued growth of our flight offerings at Booking.com and Agoda.Source: earnings call transcript | — | — | — |
| Gross bookings | — | — | $50BGross bookings of $50 billion increased 14% year-over-year or about 10% on a constant currency basis.Source: earnings call transcript | — | $53.8BOn a year-over-year basis, first quarter gross bookings of $53.8 billion grew 15%.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q4 FY2025 · share of revenue
- NL 79% ↑ 3 pt
- US 10% ↓ 2 pt
As BKNG cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
315 filings between Nov 7, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$55.82M
282 sales by 6 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 20
- Award — granted as compensation
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Fogel Glenn D | — | $25.90M | Apr 15, 2026 |
| MILLONES PETER J | — | $20.62M | Aug 17, 2026 |
| Steenbergen Ewout L | — | $4.22M | Aug 12, 2026 |
| MYLOD ROBERT J JR | — | $2.22M | Sep 1, 2026 |
| Pisano Paulo | — | $2.11M | Oct 15, 2026 |
| WITTMAN VANESSA AMES | — | $744.9K | Aug 17, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Pisano Paulo CHIEF HUMAN RESOURCES OFFICER | Sale 10b5-1 plan | 1,500 | $244.6K |
| Sep 15, 2026 | Pisano Paulo CHIEF HUMAN RESOURCES OFFICER | Sale 10b5-1 plan | 1,500 | $259.5K |
| Sep 1, 2026 | MYLOD ROBERT J JR Director | Sale 10b5-1 plan | 1,000 | $200.0K |
| Aug 31, 2026 | Pisano Paulo CHIEF HUMAN RESOURCES OFFICER | Sale 10b5-1 plan | 3,000 | $610.4K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 8,660 | $1.80M |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 5,019 | $1.05M |
| Aug 17, 2026 | WITTMAN VANESSA AMES Director | Sale 10b5-1 plan | 375 | $79.1K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 390 | $83.0K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 2,890 | $613.6K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 2,627 | $542.7K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 12,333 | $2.54M |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 3,632 | $766.5K |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 5,174 | $1.09M |
| Aug 17, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 9,325 | $1.91M |
| Aug 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 1,890 | $401.7K |
| Aug 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 8,461 | $1.79M |
| Aug 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 4,890 | $1.03M |
| Aug 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 3,899 | $821.9K |
| Aug 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Sale 10b5-1 plan | 860 | $179.4K |
| Aug 5, 2026 | MYLOD ROBERT J JR Director | Sale 10b5-1 plan | 1,000 | $206.7K |
| Jul 29, 2026 | MYLOD ROBERT J JR Director | Sale 10b5-1 plan | 5,000 | $1.00M |
| Jul 28, 2026 | WITTMAN VANESSA AMES Director | Sale 10b5-1 plan | 1,125 | $216.0K |
| May 30, 2026 | Quinlan Larry Director | Award | 1,583 | $0 |
| May 30, 2026 | Singh Sumit Director | Award | 1,583 | $0 |
| May 30, 2026 | Read Nicholas Director | Award | 1,583 | $0 |
| May 30, 2026 | Read Nicholas Director | Tax withheld | 148 | $24.8K |
| May 30, 2026 | Sievers Kurt Director | Award | 1,846 | $0 |
| May 30, 2026 | Radakovich Lynn Vojvodich Director | Gift | 1,200 | $0 |
| May 30, 2026 | Radakovich Lynn Vojvodich Director | Gift | 1,200 | $0 |
| May 30, 2026 | Grier Kelly J Director | Award | 1,583 | $0 |
| May 30, 2026 | WITTMAN VANESSA AMES Director | Award | 1,583 | $0 |
| May 30, 2026 | ROTHMAN THOMAS E Director | Award | 1,583 | $0 |
| May 30, 2026 | MYLOD ROBERT J JR Director | Award | 2,240 | $0 |
| May 30, 2026 | GRADDICK WEIR MIRIAN M Director | Award | 1,583 | $0 |
| May 30, 2026 | NOSKI CHARLES H Director | Award | 1,583 | $0 |
| May 26, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 29,399 | $4.81M |
| May 26, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 20,381 | $3.32M |
| May 26, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 7,470 | $1.23M |
| May 26, 2026 | MILLONES PETER J EXECUTIVE VP, GENERAL COUNSEL | Sale 10b5-1 plan | 5,250 | $869.2K |
| May 12, 2026 | Sullivan Caroline SVP, CAO & Controller | Award | 12,674 | $0 |
| May 12, 2026 | Steenbergen Ewout L CHIEF FINANCIAL OFFICER | Tax withheld | 12,456 | $1.97M |
| Apr 17, 2026 | WITTMAN VANESSA AMES Director | Sale 10b5-1 plan | 1,125 | $216.0K |
| Apr 15, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 340 | $62.2K |
| Apr 15, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 4,132 | $761.8K |
| Apr 15, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 7,496 | $1.39M |
| Apr 15, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 4,758 | $882.0K |
| Mar 16, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 30 | $128.6K |
| Mar 16, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 38 | $162.8K |
| Mar 16, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 40 | $171.3K |
| Mar 16, 2026 | Fogel Glenn D CEO AND PRESIDENT | Sale 10b5-1 plan | 24 | $102.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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