BKNG · 8-K · 20260804PR000036

Operating Income and Margins

Booking Holdings Inc. · 2026-08-04 · Importance 62 · Surprise 46 · No source text

Second-quarter operating income increased to $2.500 billion from $2.250 billion, a 11% year-over-year increase. Net income increased 118% to $1.950 billion, lifting net income margin to 26.5% from 13.2%. Adjusted EBITDA increased 9% to $2.648 billion, and adjusted EBITDA margin expanded to 36.0% from 35.6%. The net-income comparison benefited from other income of $159 million in 2026 versus a $962 million other expense in 2025, including substantially lower foreign-currency losses on euro-denominated debt.

Key facts

• GAAP Net income Q2 2026: $2.0B, growth 118% compared to the second quarter of 2025. source
• Adjusted Net income Q2 2026: $2.0B, growth 8% compared to the second quarter of 2025. source
• Adjusted EBITDA Q2 2026: $2.6B, growth 9% compared to the second quarter of 2025. source
• Other income (expense), net for the three months ended June 30, 2026: $159 million (compared with $(962) million in Q2 2025). source
• GAAP EPS Q2 2026: $2.53, growth 131% year-over-year. source
• Net income margin for Q2 2026: 26.5% (13.2% in Q2 2025). source
• Adjusted EBITDA margin for Q2 2026: 36.0% (35.6% in Q2 2025). source
• Adjusted Net income for the three months ended June 30, 2026: $1,958 million (per reconciliation). source

Impact estimates