BKNG · 10-Q · 2026Q2 · Full report

Interest Rate Environment

Booking Holdings Inc. · 2026-08-04 · Importance 40 · Surprise 56

Interest and dividend income decreased year-over-year in the second quarter and first six months of 2026 primarily because of lower interest rates. Interest expense also declined materially, by 28.2% in the quarter and 48.2% for the six-month period, primarily because 2025 amortization of the debt discount on convertible senior notes that matured in May 2025 did not recur. The Company had $17.7 billion in cash, cash equivalents, and investments at June 30, 2026, while its senior notes carried $6.3 billion of cumulative interest to maturity and $754 million payable within twelve months.

Key facts

• Interest and dividend income decreased year-over-year for the three and six months ended June 30, 2026 primarily due to lower interest rates. source
• Interest expense decreased year-over-year for the three and six months ended June 30, 2026 primarily due to the amortization in 2025 of debt discount related to the convertible senior notes that matured in May 2025. source