OpenNashEarnings

Internet & Travel · Nasdaq: BKNG

Booking Holdings earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 17 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Booking Holdings reported third quarter 2026 gross bookings of $54.5B (up 10%), Adjusted Revenue of $9.8B (up 9%), GAAP EPS of $3.61 (up 7%) and Adjusted EPS of $4.66 (up 17%).

Booking Holdings had a solid third quarter. Room nights grew 7% to 345M and gross bookings grew 10% to $54.5B. Reported revenue fell 1% to $8.9B because of a $900 million reduction tied to an FTC matter. Excluding that item, Adjusted Revenue grew 9% to $9.8B. Adjusted EBITDA reached $4.6B at a 47.0% margin. Adjusted EPS rose 17% to $4.66, helped by a smaller share count. Free cash flow fell 22% to $1.1B on seasonal working capital.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$8.9B−1.3% y/yQ3 2026
Q4 2024: $5.5B (worked out from the annual figure)Q4 ’24$5.5BQ1 2025: $4.8BQ1 ’25$4.8BQ2 2025: $6.8BQ2 ’25$6.8BQ3 2025: $9.0BQ3 ’25$9.0BQ4 2025: $6.3B (worked out from the annual figure)Q4 ’25$6.3BQ1 2026: $5.5BQ1 ’26$5.5BQ2 2026: $7.4BQ2 ’26$7.4BQ3 2026: $8.9BQ3 ’26$8.9B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$5.5B *
Q1 2025$4.8B
Q2 2025$6.8B
Q3 2025$9.0B
Q4 2025$6.3B *
Q1 2026$5.5B
Q2 2026$7.4B
Q3 2026$8.9B
Diluted EPS (GAAP)$3.61+6.8% y/yQ3 2026
Q1 2025: $0.40Q1 ’25$0.40Q2 2025: $1.10Q2 ’25$1.10Q3 2025: $3.38Q3 ’25$3.38Q1 2026: $1.36Q1 ’26$1.36Q2 2026: $2.53Q2 ’26$2.53Q3 2026: $3.61Q3 ’26$3.61
Data
Q1 2025$0.40
Q2 2025$1.10
Q3 2025$3.38
Q1 2026$1.36
Q2 2026$2.53
Q3 2026$3.61

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin38.4%−0.3 pts y/yQ3 2026
Q4 2024: 31.6%Q4 ’2431.6%Q1 2025: 22.3%Q1 ’2522.3%Q2 2025: 33.1%Q2 ’2533.1%Q3 2025: 38.7%Q3 ’2538.7%Q4 2025: 32.0%Q4 ’2532.0%Q1 2026: 23.0%Q1 ’2623.0%Q2 2026: 34.0%Q2 ’2634.0%Q3 2026: 38.4%Q3 ’2638.4%
Data
Q4 202431.6%
Q1 202522.3%
Q2 202533.1%
Q3 202538.7%
Q4 202532.0%
Q1 202623.0%
Q2 202634.0%
Q3 202638.4%
Free cash flow$1.1B−22.0% y/yQ3 2026
Q4 2024: $645.0MQ4 ’24$645.0MQ1 2025: $3.2BQ1 ’25$3.2BQ2 2025: $3.1BQ2 ’25$3.1BQ3 2025: $1.4BQ3 ’25$1.4BQ4 2025: $1.4BQ4 ’25$1.4BQ1 2026: $3.1BQ1 ’26$3.1BQ2 2026: $3.6BQ2 ’26$3.6BQ3 2026: $1.1BQ3 ’26$1.1B
Data
Q4 2024$645.0M
Q1 2025$3.2B
Q2 2025$3.1B
Q3 2025$1.4B
Q4 2025$1.4B
Q1 2026$3.1B
Q2 2026$3.6B
Q3 2026$1.1B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$5.5Bd$4.8B$6.8B$9.0B$6.3Bd$5.5B$7.4B$8.9B
Operating income$1.7Bd$1.1B$2.2B$3.5B$2.0Bd$1.3B$2.5B$3.4B
Operating margin31.6%22.3%33.1%38.7%32.0%23.0%34.0%38.4%
Net income$1.1Bd$333.0M$895.0M$2.7B$1.4Bd$1.1B$1.9B$2.7B
Diluted EPS—$0.40$1.10$3.38—$1.36$2.53$3.61
Operating cash flow$721.0Md$3.3B$3.2Bd$1.4Bd$1.5Bd$3.2B$3.7Bd$1.1Bd
Capital expenditure$76.0Md$121.0M$64.0Md$64.0Md$73.0Md$107.0M$76.0Md$68.0Md
Free cash flow$645.0M$3.2B$3.1B$1.4B$1.4B$3.1B$3.6B$1.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings