BKNG · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

Booking Holdings Inc. · 2026-08-04 · Importance 83 · Surprise 82 · From source text

Booking Holdings continued its Transformation Program, launched in the fourth quarter of 2024, to improve operating expense efficiency and redirect resources toward traveler and partner offerings. The program generated approximately $250 million of savings in 2025 and enabled approximately $550 million of annual run-rate savings by the end of 2025; identified opportunities increased expected annual run-rate savings to approximately $650 million. The majority of incremental savings above $550 million is expected in 2027, while aggregate restructuring costs and accelerated investments are expected to be incurred largely by the end of 2027 and remain below one times expected annual run-rate savings.

Key facts

• The Transformation Program resulted in approximately $250 million in savings in 2025 and enabled approximately $550 million in annual run-rate savings as of the end of 2025; expected annual run-rate savings were increased to approximately $650 million with majority of incremental savings expected to be realized in 2027. source
• We expect the restructuring costs and accelerated investments related to the Transformation Program will largely be incurred by the end of 2027 and are estimated to be, in the aggregate, less than one times the expected annual run-rate savings. source
• Employee headcount increased 3% year-over-year to approximately 25,550 as of June 30, 2026. source

Impact estimates