BKNG · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
Booking Holdings Inc. · 2026-11-03 · Importance 42 · Surprise 14 · From source text
At September 30, 2026, the company held $15.814 billion in cash and cash equivalents, down from $17.203 billion at December 31, 2025. Outstanding senior notes had $20.2 billion aggregate principal, compared with $18.9 billion at year-end 2025, and $2.0 billion was payable within the next twelve months. Nine-month cash from operating activities was $8.071 billion, while financing activities used $8.746 billion, including $9.9 billion for share repurchases. The company had no revolving-credit-facility borrowings outstanding at September 30, 2026.
Key facts
- At September 30, 2026, Booking Holdings had $16.2 billion in cash, cash equivalents, and investments, approximately $14.4 billion of which was held by international subsidiaries. source
- Deferred merchant bookings were $6.5 billion at September 30, 2026 and mostly subject to refunds for cancellations. source
- Outstanding senior notes at September 30, 2026 had $6.3 billion cumulative interest to maturity, with $750 million payable within the next twelve months. source
- At September 30, 2026, Booking Holdings Inc. had $15.814 billion in cash and cash equivalents, compared with $17.203 billion at December 31, 2025. source
- At September 30, 2026, Booking Holdings Inc. had $18.074 billion in long-term debt, compared with $16.856 billion at December 31, 2025. source
- Booking Holdings Inc.'s senior notes had an aggregate principal amount of $20.2 billion at September 30, 2026, compared with $18.9 billion at December 31, 2025. source
- Booking Holdings Inc.'s Euro-denominated debt had an aggregate principal amount of $19.0 billion and carrying value of $18.8 billion at September 30, 2026, compared with $17.4 billion and $17.2 billion, respectively, at December 31, 2025. source
- Booking Holdings' revolving credit facility provides a revolving line of credit up to $2 billion; the company was in compliance with its maximum leverage ratio covenant at September 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -18.9% | Outstanding senior notes at September 30, 2026 had $6.3 billion cumulative interest to maturity, with $750 million payable within the next… |
| cash | negative | realized | -4.9% | At September 30, 2026, Booking Holdings Inc. had $15.814 billion in cash and cash equivalents, compared with $17.203 billion at December… |
| liability | negative | realized | -4.3% | At September 30, 2026, Booking Holdings Inc. had $18.074 billion in long-term debt, compared with $16.856 billion at December 31, 2025. |