BKNG · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
Booking Holdings Inc. · 2026-08-04 · Importance 43 · Surprise 32 · Matches filing data
Second-quarter 2026 total revenue increased 8.1% year over year to $7.352 billion, while six-month revenue increased 11.5% to $12.884 billion. Second-quarter merchant revenue rose 15.0% to $5.127 billion and six-month merchant revenue rose 19.7% to $8.825 billion, primarily because Booking.com continued shifting accommodation transactions from agency to merchant. Agency revenue declined 6.9% to $1.903 billion in the quarter and 4.9% to $3.431 billion for six months. Total gross bookings increased 9.0% to $50.957 billion in the quarter and 12.1% to $104.716 billion for six months, while merchant bookings grew 14.5% and 19.3%, respectively, and agency bookings declined 3.3% and 3.2%.
Key facts
- Merchant gross bookings were $36,996 million for the three months ended June 30, 2026, a 14.5% increase versus $32,305 million in the three months ended June 30, 2025. source
- Merchant revenues were $5,127 million for the three months ended June 30, 2026, up 15.0% from $4,457 million in the three months ended June 30, 2025. source
- Our total revenues increased by approximately 8% in the second quarter of 2026 as compared to the second quarter of 2025, including a benefit of about 1% from changes in foreign currency exchange rates. source
- Agency gross bookings were $13,961 million for the three months ended June 30, 2026, a (3.3)% decrease versus $14,432 million in the three months ended June 30, 2025. source
- Total gross bookings were $50,957 million for the three months ended June 30, 2026, a 9.0% increase versus $46,736 million in the three months ended June 30, 2025. source
- Total revenues were $7,352 million for the three months ended June 30, 2026, an 8.1% increase from $6,798 million in the three months ended June 30, 2025. source
- Agency revenues were $1,903 million for the three months ended June 30, 2026, down (6.9)% from $2,044 million in the three months ended June 30, 2025. source
- Total revenues as a percentage of gross bookings were 14.4% for the three months ended June 30, 2026 and 14.5% for the three months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +7.5% | Total revenues were $7,352 million for the three months ended June 30, 2026, an 8.1% increase from $6,798 million in the three months… |