Citable filing context
BKNG's research view summarizes recent SEC filing context, starting with earnings from Aug 4, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 4, 2026 | earnings | Booking Holdings reported Q2 2026 revenue of $7.4 billion, an 8% increase year-over-year. |
| Jun 2, 2026 | other | Booking Holdings Inc. reported results from its 2026 Annual Meeting, including board elections and officer exculpation approval. |
| May 11, 2026 | debt_offering | Booking Holdings Inc. issued €1.9 billion in senior notes across three tranches. |
| Aug 4, 2026 | Guidance: adjusted_ebitda_growth | 4.00 to 6.00 |
| Aug 4, 2026 | Guidance: gross_bookings_growth | 4.00 to 6.00 |
| Aug 4, 2026 | Guidance: revenue_growth | 4.00 to 6.00 |
| Aug 4, 2026 | mda_quarterly | Booking Holdings reported a 5% year-over-year increase in global room nights for the second quarter of 2026, reflecting a sequential slowdown from the first quarter due to the ongoing conflict in the Middle East. While regional travel in Europe and the U.S. remains healthy, the conflict has caused indirect headwinds, including reduced long-haul international demand and elevated flight costs. The company continues to shift its business model toward "merchant" bookings, which reached 73% of total gross bookings in the second quarter, up from 69% in the prior year. While this transition supports the "Connected Trip" strategy, it introduces higher operating expenses related to payment processing and chargebacks. Marketing remains a significant variable cost, with $2.4 billion spent in the quarter, driven by performance marketing investments and a decline in organic search traffic. Financially, Booking maintains a strong liquidity position with $17.7 billion in cash and investments. The company is actively executing a $20 billion share repurchase program, having utilized $7.8 billion in the first half of 2026. Management is also pursuing a "Transformation Program" to optimize expenses, targeting $650 million in annual run-rate savings by 2027. Regulatory scrutiny remains a key risk, with ongoing investigations in Spain, Greece, Hungary, and potential FTC action against Priceline. |
| Apr 28, 2026 | mda_quarterly | Booking Holdings reported a 16.2% increase in total revenues to $5.53 billion for the first quarter of 2026, driven by a 26.7% rise in merchant revenues and a 6% foreign currency benefit. Global room nights grew 6% year-over-year, but the Middle East conflict negatively impacted growth by an estimated 2 percentage points, increasing cancellations and reducing marketing efficiency, particularly in Europe-Asia travel corridors. The company's strategic shift to a merchant model now accounts for 72% of gross bookings, increasing transaction-related expenses but also incremental revenues. BKNG is advancing its "Connected Trip" vision, leveraging AI and mobile apps to enhance customer loyalty and direct bookings, though expanding into lower-margin non-accommodation services may affect overall operating margins. Regulatory scrutiny poses a significant risk, with ongoing competition and consumer protection investigations in multiple European jurisdictions, including Italy, Spain, and Switzerland, potentially leading to substantial fines or restrictions on business practices. A Transformation Program is underway, targeting $550 million in annual run-rate savings by the end of 2026. The company maintains strong liquidity with $16.5 billion in cash and investments and actively repurchases shares under an $18.2 billion authorization. |
Source: SEC EDGAR filing text and events; period Aug 4, 2026; filed Aug 4, 2026.
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