BKNG · News · 20261104N

Operating Income and Margins

Booking Holdings Inc. · 2026-11-04 · Importance 41 · Surprise 32 · No source text

Q3 adjusted EBITDA was approximately $4.6 billion, up 9% year over year. Adjusted EBITDA margin expanded slightly to 47.0%. Adjusted revenue increased 9% year over year, or approximately 10% in constant currency, and was about 15 basis points lower as a percentage of gross bookings.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
operating_incomepositiverealized+5.2%Q3 adjusted EBITDA was approximately $4.6 billion, up 9% year over year, with margin expanding slightly to 47.0%.
marginpositiverealized—Q3 adjusted EBITDA was approximately $4.6 billion, up 9% year over year, with margin expanding slightly to 47.0%.