BKNG · Full Picture

Booking Holdings Inc. — the full picture

Earnings window · 2026-08-04 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 93
    -41.5% cash; 4 sources (news, press_release, sec_filing, transcript); 4 forward row(s); structured_verified
    Total remaining stock repurchase authorization as of June 30, 2026: $14.5 billion.
  2. AI Adoption and Connected Trip · UnclassifiedPriority 83
    -0.5% cash; 3 sources (news, sec_filing, transcript); 6 forward row(s); quote_verified
    Booking reported that its connected trip strategy is boosting customer loyalty and that Q2 revenue increased 8% and gross bookings grew 9%, driven by integrated AI and loyalty initiatives.
  3. FTC Matter Financial Impact · UnclassifiedPriority 80
    -12.2% revenue (realized); 3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Booking Holdings Inc. noted that its reported Q3 2026 revenue growth was reduced by 10 percentage points due to the FTC matter, while foreign currency had a 1% positive impact in the reconciliation to constant-currency Adjusted Revenue growth.
  4. Operating Cash Flow Trends · Cash flow generationPriority 80
    +24.5% net_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Booking Holdings Inc. reported $2.600 billion from changes in deferred merchant bookings and other current liabilities for the nine months ended September 30, 2026, compared with $1.377 billion in 2025.
  5. Operating Income and Margins · Operating income & profitabilityPriority 80
    +44.5% net_income (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    GAAP Net income Q2 2026: $2.0B, growth 118% compared to the second quarter of 2025.
  6. Liquidity and Debt Position · Debt, leverage & refinancingPriority 78
    -21.5% liability; 3 forward row(s); structured_verified
    Our revolving credit facility extends a revolving line of credit up to $2 billion to us and as of June 30, 2026 we are in compliance with the maximum leverage ratio covenant under the facility.
  7. Financing Activities · Debt, leverage & refinancingPriority 75
    -17.7% liability (realized); structured_verified
    Booking Holdings Inc. issued $2.975 billion of long-term debt in the nine months ended September 30, 2026, compared with $1.955 billion in 2025.
  8. Guidance / Outlook · Guidance & outlookPriority 75
    +5.2% revenue; 3 sources (news, press_release, transcript); 11 forward row(s); quote_verified
    For Q3 2026, Booking Holdings expects total revenue growth of 4% to 6% and constant-currency revenue growth of 5% to 7% year over year.
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 75
    +6.2% operating_income; 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Booking raised its expected annual savings from its Transformation Program to $650 million by the end of 2027.
  10. Revenue Performance and Mix · Revenue growth & mixPriority 72
    +1.2% revenue; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); structured_verified
    Booking Holdings reported quarterly earnings of $2.54 EPS and $7.35 billion in revenue.
  11. Liquidity and Debt Position · UnclassifiedPriority 71
    +12.8% cash (realized); 2 sources (press_release, transcript); quote_verified
    The Company repaid $1,000 million on maturity of debt and issued long-term debt proceeds of $2,975 million in the six months ended June 30, 2026; payments for repurchase of common stock were $7,758 million.
  12. FX / Currency Impact · Currency / FXPriority 67
    3 sources (press_release, sec_filing, transcript); 2 forward row(s); quote_verified
    Booking Holdings Inc. Q4 2026 Adjusted Revenue growth guidance includes an approximately 2% negative foreign-exchange impact; FY 2026 guidance includes an approximately 0.5% benefit from exchange rates.

Threads by pillar

Revenue & Demand Priority 88 · 7 threads

Costs & Margins Priority 90 · 5 threads

Capital & Balance Sheet Priority 97 · 6 threads

Strategy & Portfolio Priority 66 · 4 threads

Legal, Regulatory & Policy Priority 73 · 3 threads

Guidance & Outlook Priority 75 · 1 thread

Macro & Market Conditions Priority 83 · 9 threads

Shareholders & Street Priority 34 · 1 thread

Unclassified Priority 96 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-61.7%+61.7%-4.8%
liability-21.5%+21.5%-43.2%
operating_income+8.5%+12.2%-126.4%
revenue+6.4%+6.4%-6.3%
assets+0.3%+0.3%+3.2%
margin——+14.0%
net_income——+76.8%