BKNG · Full Picture

Booking Holdings Inc. — the full picture

Earnings window · 2026-07-14 to 2026-09-24 · 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 90
    -41.5% cash; 3 sources (news, press_release, sec_filing); 3 forward row(s); structured_verified
    Total remaining stock repurchase authorization as of June 30, 2026: $14.5 billion.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 72
    +1.2% revenue; 3 sources (news, press_release, sec_filing); 3 forward row(s); structured_verified
    Booking Holdings reported quarterly earnings of $2.54 EPS and $7.35 billion in revenue.
  3. Liquidity and Debt Position · Debt, leverage & refinancingPriority 71
    -21.5% liability; 2 forward row(s); quote_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.
  4. Operating Cash Flow Trends · Cash flow generationPriority 68
    +24.5% net_income (realized); 2 sources (press_release, sec_filing); structured_verified
    Net income for the six months ended June 30, 2026 was $3.0 billion and for the six months ended June 30, 2025 was $1.2 billion.
  5. Operating Expense Trends · Operating expenses (SG&A)Priority 66
    +7.5% operating_income; 3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Booking raised its expected annual savings from its Transformation Program to $650 million by the end of 2027.
  6. Guidance / Outlook · Guidance & outlookPriority 64
    +3.4% revenue; 2 sources (news, press_release); 6 forward row(s); quote_verified
    Q3 2026 guidance: Adjusted EBITDA Growth 4% - 6% year-over-year.
  7. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 62
    2 forward row(s); quote_verified
    Booking Holdings Inc. has lost its legal challenge against the EU's antitrust veto of its €1.63 billion acquisition of ETraveli.
  8. Net Income and Profitability · Operating income & profitabilityPriority 62
    +14.7% net_income (realized); quote_verified
    Net income rose 118% to $2 billion in Q2 2026.
  9. Operating Income and Margins · Operating income & profitabilityPriority 61
    +44.5% net_income (realized); quote_verified
    GAAP Net income Q2 2026: $2.0B, growth 118% compared to the second quarter of 2025.
  10. Transformation Program Savings · Strategic & business-model shiftsPriority 57
    +4.4% operating_income; 1 forward row(s); quote_verified
    Increased expected annual run-rate savings through the Transformation Program to approximately $650 million, expected to be realized by the end of 2027.
  11. Income Tax Rate Changes · TaxPriority 56
    2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Income tax expense for the three months ended June 30, 2026: $610 million (compared with $209 million in Q2 2025).
  12. Distribution Channels · Customers & concentrationPriority 54
    3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    Analysts project Q2 earnings of $2.45 per share for Booking Holdings, an increase of 10.4% year-over-year, with revenues forecasted at $7.19 billion, up 5.8%.

Threads by pillar

Revenue & Demand Priority 83 · 6 threads

Costs & Margins Priority 78 · 5 threads

Capital & Balance Sheet Priority 95 · 5 threads

Strategy & Portfolio Priority 66 · 2 threads

Legal, Regulatory & Policy Priority 40 · 2 threads

Guidance & Outlook Priority 64 · 1 thread

Macro & Market Conditions Priority 65 · 8 threads

Shareholders & Street Priority 32 · 1 thread

Unclassified Priority 67 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
cash-41.5%+41.5%+2.4%
liability-21.5%+21.5%-20.9%
operating_income+15.1%+15.1%-3.0%
revenue+4.7%+4.7%+7.5%
margin——+14.0%
net_income——+83.7%