BKNG · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

Booking Holdings Inc. · 2026-08-04 · Importance 49 · Surprise 6 · In source text

Cash, cash equivalents, and investments totaled $17.7 billion at June 30, 2026, including approximately $14.7 billion held by international subsidiaries. Deferred merchant bookings were $10.1 billion, consisting primarily of amounts payable to travel providers and estimated future commissions, margins, and fees, with most amounts subject to cancellation refunds. The company’s revolving credit facility provides up to $2 billion of borrowing capacity, and Booking Holdings was in compliance with its maximum leverage-ratio covenant at June 30, 2026. Outstanding senior notes had $6.3 billion of cumulative interest to maturity, including $754 million payable within the next twelve months.

Key facts

• 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. source
• Our outstanding senior notes at June 30, 2026 had cumulative interest to maturity of $6.3 billion, with $754 million payable within the next twelve months. source
• We had, in the aggregate, $1.2 billion of non-cancellable purchase obligations individually greater than $10 million at June 30, 2026, of which $362 million is payable within the next twelve months. source
• At June 30, 2026, we had $17.7 billion in cash, cash equivalents, and investments, of which approximately $14.7 billion is held by our international subsidiaries. source
• Deferred merchant bookings of $10.1 billion at June 30, 2026 includes cash payments received from travelers in advance of us completing our performance obligations. source
• At June 30, 2026, we had lease obligations of $744 million, of which $136 million is payable within the next twelve months. source
• We believe our existing cash balances, liquid resources, and access to capital markets will be sufficient to fund our operating activities and other obligations in the short term and into the foreseeable future. source

Impact estimates