Inferra AI / Company / BKNG
Booking Holdings
BKNG · Consumer Discretionary
Last earnings Aug 4, 2026
Key results
Revenuequarter
16%
Revenue grew 16% compared to the first quarter of 2025, or approximately 10% on a constant currency basis.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Net incomequarter
225%
Net income and Adjusted EBITDA grew 225% and 19%, respectively, compared to the first quarter of 2025.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
GAAP net incomequarter
$1.1B
Q1 2026 (#) ( Y/Y) Room Nights 338M 6% Gross Bookings $53.8B 15% Revenue $5.5B 16% GAAP Net Income $1.1B 225% GAAP EPS $1.36 239% Adjusted EPS $1.14 14% Adjusted EBITDA $1.3B 19% Net Cash Provided By Operating Activities $3.2B (2%) Free Cash Flow $3.1B (2%) Refer to the "Non-GAAP Financial Measures" section at the end of this release for an explanation of constant currency and non-GAAP financial measures, including Adjusted Net income, Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow, and Adjusted Fixed Operating Expenses, and reconciliations to the most directly comparable GAAP measures.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
1 Booking Holdings Reports First Quarter 2026 Financial Results Exhibit 99.1 Despite headwinds associated with the Middle East conflict, we are pleased to report a solid start to 2026, with Adjusted EBITDA growth of 19% (net income growth of 225%), alongside 15% growth in gross bookings and 16% revenue growth, said Glenn Fogel, Chief Executive Officer of Booking Holdings.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Margins net incomequarter
19.6%
2 Additional Highlights Margins Net income margin of 19.6% (7.0% in Q1 2025) Adjusted EBITDA margin of 23.3% (22.9% in Q1 2025) First Quarter 2026 vs.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
revenue increased 16% (approximately 10% on a CC basis) Fixed Costs Total operating expenses increased 15%, slower than the 16% growth in revenue Adjusted fixed operating expenses increased 14%
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
High Single Digits revenuequarter
2%
(growth is on a year-over-year basis) Q2 2026 FY 2026 Room Nights Growth 2% - 4% Gross Bookings Growth 4% - 6% High Single Digits to Low Double Digits Constant Currency Gross Bookings Growth 2% - 4% High Single Digits Revenue Growth (1) 4% - 6% High Single Digits Constant Currency Revenue Growth (1) 2% - 4% Mid to High Single Digits Adjusted EBITDA Growth (2)(3)(4) 4% - 6% Slightly Faster than Revenue Growth Adjusted EPS Growth (2)(3)(5) Low to Mid-teens (1) Revenue Growth includes a benefit of about 2% in Q2 2026 and of about 1.5% for FY 2026 due to foreign currency exchange rates.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Digits Constant Currency revenuequarter
2%
(growth is on a year-over-year basis) Q2 2026 FY 2026 Room Nights Growth 2% - 4% Gross Bookings Growth 4% - 6% High Single Digits to Low Double Digits Constant Currency Gross Bookings Growth 2% - 4% High Single Digits Revenue Growth (1) 4% - 6% High Single Digits Constant Currency Revenue Growth (1) 2% - 4% Mid to High Single Digits Adjusted EBITDA Growth (2)(3)(4) 4% - 6% Slightly Faster than Revenue Growth Adjusted EPS Growth (2)(3)(5) Low to Mid-teens (1) Revenue Growth includes a benefit of about 2% in Q2 2026 and of about 1.5% for FY 2026 due to foreign currency exchange rates.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
AI analysis
Q1 2026 · reported Apr 28, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q1 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | 16% | — | — |
| Net income | 225% | — | — |
| GAAP net income | $1.1B | — | — |
| Margins net income | 19.6% | — | — |
| High Single Digits revenue | 2% | — | — |
| Digits Constant Currency revenue | 2% | — | — |
Guidance · company-stated
No guidance located in the held release
“Q2 2026 (#) ( Y/Y) Room Nights 325M 5% Gross Bookings $51.0B 9% Revenue $7.4B 8% GAAP Net Income $2.0B 118% Adjusted Net Income $2.0B 8% GAAP EPS $2.53 131% Adjusted EPS $2.54 15% Adjusted EBITDA $2.6B 9% Net Cash Provided By Operating Activities $3.7B 16% Free Cash Flow $3.6B 16% (1) See note (d) in the Reconciliation of GAAP to Non-GAAP Financial Information section at the end of this release.”
Capital allocation
Return of Capital to Shareholders Second Quarter Dividend Our Board of Directors declared a cash dividend of $0.42 per share, payable on June 30, 2026 to stockholders of record as of the close of business on June 5, 2026.
Event summary
Booking Holdings — Earnings release (2026-04-28)
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Return of Capital to Shareholders Second Quarter Dividend Our Board of Directors declared a cash dividend of $0.42 per share, payable on June 30, 2026 to stockholders of record as of the close of business on June 5, 2026.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Stock Repurchase Program We repurchased $3.6 billion (excluding excise taxes) of stock in the quarter ended March 31, 2026 with a total remaining authorization of $18.2 billion as of March 31, 2026.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
To supplement the Unaudited Consolidated Financial Statements, the Company uses non-GAAP financial measures, including Adjusted Net income, Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA margin, and Free cash flow (Net cash provided by operating activities less capital expenditures).
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Other risks and uncertainties relate to information security, cybersecurity, and data privacy; taxes; changes in, and compliance with, laws and regulations; the Company's facilitation of payments; foreign currency exchange rates; the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
(f) Foreign currency transaction (gains) losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and gains on debt-related foreign currency derivative instruments used as economic hedges.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
(g) Adjustment for the amortization of the debt discount of $392 million and the change in fair value of the conversion option of $158 million, both related to the convertible senior notes.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Strategy & priorities
Although the conflict s dynamics impacted the quarter s results, our underlying performance exceeded expectations across all key metrics, with continued strength in our strategic growth areas, particularly in the U.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Regardless of near-term uncertainty, we remain focused on the factors within our control furthering our Connected Trip vision, expanding our global reach, and leveraging Generative AI to enhance the value we deliver to travelers and partners.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Other risks and uncertainties relate to information security, cybersecurity, and data privacy; taxes; changes in, and compliance with, laws and regulations; the Company's facilitation of payments; foreign currency exchange rates; the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
We continue to take a long-term view, staying focused on delivering value to our travelers and partners, maintaining disciplined cost management, and making strategic investments as appropriate.
SEC original ↗Booking Holdings — 10-Q Quarterly report10-QAug 4, 2026
We focus on relentless innovation to grow our business by providing a best-in-class user experience with intuitive, easy-to-use platforms that aim to exceed the expectations of consumers.
SEC original ↗Booking Holdings — 10-Q Quarterly report10-QAug 4, 2026
Risks & headwinds
1 Booking Holdings Reports First Quarter 2026 Financial Results Exhibit 99.1 Despite headwinds associated with the Middle East conflict, we are pleased to report a solid start to 2026, with Adjusted EBITDA growth of 19% (net income growth of 225%), alongside 15% growth in gross bookings and 16% revenue growth, said Glenn Fogel, Chief Executive Officer of Booking Holdings.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Regardless of near-term uncertainty, we remain focused on the factors within our control furthering our Connected Trip vision, expanding our global reach, and leveraging Generative AI to enhance the value we deliver to travelers and partners.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
These dynamics can create headwinds across the travel value chain, and we are monitoring them closely.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as: the conflict in the Middle East; adverse changes in market conditions for travel services; the effects of competition; the Company's ability to manage growth and expand; adverse changes in third-party relationships; rapid technological or other market changes; success of the Company's marketing efforts; the development and use of generative AI; the Company's ability to attract and retain qualified personnel; impacts of impairments and changes in accounting estimates; operational and technological infrastructure risks; and other business and industry changes.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Other risks and uncertainties relate to information security, cybersecurity, and data privacy; taxes; changes in, and compliance with, laws and regulations; the Company's facilitation of payments; foreign currency exchange rates; the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
(b) In the first quarter of 2026, the Company entered into favorable settlement agreements to resolve litigation matters in which it was a plaintiff, for which it received a benefit of $89 million.
SEC original ↗Booking Holdings — Earnings release (8-K exhibit)EX-99Apr 28, 2026
Earnings deck slides
1 deck with slide viewBooking Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Booking Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Booking Holdings — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
61 documents- Q2 2026
- 10-QBKNG
Aug 4, 2026
- 8-KBKNG
Aug 4, 2026
- Q1 2026
- 8-KBKNG
Jun 2, 2026
- 8-KBKNG
May 11, 2026
- 8-KBKNG
May 7, 2026
- 10-QBKNG
Apr 28, 2026
- 8-KBKNG
Apr 28, 2026
- 8-KBKNG
Apr 2, 2026
- 8-KBKNG
Apr 2, 2026
- 8-KBKNG
Apr 1, 2026
- EX-99BKNG
Apr 1, 2026
- Q4 2025
- 10-KBKNG
Feb 18, 2026
- 8-KBKNG
Feb 18, 2026
- Q3 2025
- 8-KBKNG
Nov 7, 2025
- 10-QBKNG
Oct 28, 2025
- 8-KBKNG
Oct 28, 2025
- 8-KBKNG
Oct 17, 2025
- Q2 2025
- 8-KBKNG
Sep 19, 2025
- 10-QBKNG
Jul 29, 2025
- 8-KBKNG
Jul 29, 2025
- Q1 2025
- 8-KBKNG
Jun 4, 2025
- 8-KBKNG
May 9, 2025
- 10-QBKNG
Apr 29, 2025
- 8-KBKNG
Apr 29, 2025
- 8-KBKNG
Apr 22, 2025
- Q4 2024
- 10-KBKNG
Feb 20, 2025
- 8-KBKNG
Feb 20, 2025
- Q3 2024
- 8-KBKNG
Dec 18, 2024
- 8-K/ABKNG
Dec 10, 2024
- 8-KBKNG
Nov 21, 2024
- 8-KBKNG
Nov 8, 2024
- 8-KBKNG
Oct 30, 2024
- 10-QBKNG
Oct 30, 2024
- Q2 2024
- 8-KBKNG
Aug 1, 2024
- 10-QBKNG
Aug 1, 2024
- Q1 2024
- 8-KBKNG
Jun 5, 2024
- 8-KBKNG
May 10, 2024
- 8-KBKNG
May 2, 2024
- 10-QBKNG
May 2, 2024
- 8-KBKNG
Apr 22, 2024
- 8-KBKNG
Apr 5, 2024
- Q4 2023
- 8-KBKNG
Mar 1, 2024
- 8-KBKNG
Feb 22, 2024
- 10-KBKNG
Feb 22, 2024
- 8-KBKNG
Jan 19, 2024
- Q3 2023
- 8-KBKNG
Dec 13, 2023
- 8-KBKNG
Nov 2, 2023
- 10-QBKNG
Nov 2, 2023
- 8-KBKNG
Oct 24, 2023
- Q2 2023
- 8-KBKNG
Sep 25, 2023
- 8-KBKNG
Aug 3, 2023
- 10-QBKNG
Aug 3, 2023
- 8-KBKNG
Jul 5, 2023
- Q1 2023
- 8-KBKNG
Jun 7, 2023
- 8-KBKNG
May 19, 2023
- 8-KBKNG
May 12, 2023
- 8-KBKNG
May 4, 2023
- 10-QBKNG
May 4, 2023
- 8-KBKNG
Apr 24, 2023
- 8-KBKNG
Apr 11, 2023
- Q4 2022
- 10-KBKNG
Feb 23, 2023
Earnings releases
11 documentsPresentations
4 documents
Transcripts
0 documentsNo transcripts for Booking Holdings are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.