BKNG · 10-Q · 2026Q3 · Full report

FX / Currency Impact

Booking Holdings Inc. · 2026-11-03 · Importance 42 · Surprise 14

Booking Holdings has substantial Euro-denominated debt: $19.0 billion principal at September 30, 2026, compared with $17.4 billion at December 31, 2025. The filing reports that foreign-currency transaction results include gains and losses related to Euro-denominated debt and accrued interest not designated as net investment hedges, as well as derivative contracts. For the nine months ended September 30, 2025, foreign-currency transaction losses related to Euro-denominated debt and accrued interest were $1.4 billion; the filing also reports $1.181 billion of other expense, net, for the nine months ended September 30, 2026, but does not disaggregate the 2026 FX amount in the provided text.

Key facts

• Booking Holdings Inc.'s foreign currency purchases under exchange derivatives had notional amounts of $9.3 billion at September 30, 2026 and $8.9 billion at December 31, 2025. source
• Booking Holdings Inc. reported $1.407 billion in unrealized foreign-currency transaction gains related to Euro-denominated debt in the nine months ended September 30, 2025. source
• Booking Holdings Inc.'s foreign currency sales under exchange derivatives had notional amounts of $4.1 billion at September 30, 2026 and $6.0 billion at December 31, 2025. source
• Q3 2026 total gross bookings increased approximately 10% year over year, including an approximately 1% negative foreign-exchange impact. source
• Merchant, agency, and advertising and other revenues in aggregate were negatively impacted by about 1% from foreign-exchange changes in Q3 2026. source
• Q3 2026 total gross bookings increased year over year due to 7% room-night growth, approximately 3% higher constant-currency ADRs, and flight gross-booking growth, partly offset by a 1% negative FX impact. source
• First-nine-months 2026 total gross bookings increased year over year due to 6% room-night growth, about 2% positive FX impact, approximately 2% higher constant-currency ADRs, and flight gross-booking growth. source
• Foreign-currency transaction gains and losses for Booking Holdings Inc. include amounts related to Euro-denominated debt and accrued interest not designated as net investment hedges, as well as derivative contracts. source