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Stocks / United States / BKNG · Transportation Services · Nasdaq

Booking Holdings Inc. (BKNG)

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Booking Holdings Inc. (BKNG) reported revenue of $7.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 8.1% on the same quarter a year earlier. Net income was $1.9 billion, up 117.9% on the year, and diluted earnings per share $2.53. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$7.4 billionup 8.1%
Net income$1.9 billionup 117.9%
Diluted EPS$2.53
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin32.9%
Net margin25.5%
FCF margin33.8%
Interest cover8.42
Debt to equityn/a
Cash conversion1.37
Share count, 1 year2,218.4%
Sales CAGR, 3 years16.3%
Profit CAGR, 3 years20.9%
EPS, TTM$131.96

At the close of 21 September 2026

Price$168.52
Market cap$126.6 billion
Stock P/E18.41
Price to bookn/a
EV / EBITDA12.95
Dividend yield5.7%
Market cap / sales4.48
52-week high$223.03
52-week low$154.13
Price, 1 year-22.6%
Price CAGR, 3 years11.2%
Price CAGR, 5 years11.9%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Booking Holdings Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on BKNG

Filings21 in twelve months: 12 current reports (8-K), about 4 results of operations; 4 other events; 3 material agreement; 3 new financial obligation; 2 officer or director change
Planned insider sales22 Form 144 notices in twelve months, $38.4 million; latest 1 September 2026
Options tapeput/call 0.62 by open interest on 23 September 2026; the straddle prices a 3.7% move to 25 September 2026
Holders13 of the followed funds hold it; largest Dodge & Cox; 2 Schedule 13D or 13G filings in twelve months
Insider trading322 sales and 0 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest20.2 million shares short, 4.29 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue7,3414,7844,4155,8597,9945,4714,7626,7989,0086,3495,5327,352
Operating income3,1036097911,8563,1791,7291,0622,2503,4832,0301,2712,500
Operating margin42%13%18%32%40%32%22%33%39%32%23%34%
Interest expense254208219264305507649418301249253300
Pre-tax income3,1494119371,9222,8691,5643961,1043,4691,8631,3992,560
Tax rate20%46%17%21%12%32%16%19%21%23%23%24%
Net income2,5112227761,5212,5171,0683338952,7481,4281,0831,950
Net margin34%5%18%26%31%20%7%13%31%22%20%27%
Diluted EPS$69.80$5.71$22.37$44.38$74.34$31.60$10.07$27.43$84.41$43.66$1.36$2.53
Operating cash flow1,3721,3462,7042,5252,3737213,2833,2011,4351,4903,2153,719
Capital expenditure71.094.013014677.076.012164.064.073.010776.0
Free cash flow1,3011,2522,5742,3792,2966453,1623,1371,3711,4173,1083,643
Buybacks2,6402,4881,8561,6621,7641,2272,1701,4986532,1193,7703,988
Dividends paid0.00.0299295291289319312310307343321
Shares outstanding35m34m34m34m33m33m33m32m32m32m775m751m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue8,4429,22410,74312,68114,52715,0666,79610,95817,09021,36523,73926,91728,241
Cost of revenue858632415242n/an/an/an/an/an/an/an/an/a
Gross profit7,5848,59210,31512,431n/an/an/an/an/an/an/an/an/a
Gross margin89.8%93.1%96.0%98.0%n/an/an/an/an/an/an/an/an/a
Operating income3,0733,2592,9064,5385,3415,345-6312,4965,1025,8357,5558,8259,284
Operating margin36.4%35.3%27.1%35.8%36.8%35.5%-9.3%22.8%29.9%27.3%31.8%32.8%32.9%
Interest expense88.41602082542692663563343918971,2951,6171,103
Pre-tax income2,9893,1282,7134,3984,8355,9585671,4653,9235,4817,2926,8329,291
Income tax5685775782,0588371,0935083008651,1921,4101,4282,082
Effective tax rate19.0%18.4%21.3%46.8%17.3%18.3%89.6%20.5%22.0%21.7%19.3%20.9%22.4%
Net income2,4222,5512,1352,3413,9984,86559.01,1653,0584,2895,8825,4047,209
Net margin28.7%27.7%19.9%18.5%27.5%32.3%0.9%10.6%17.9%20.1%24.8%20.1%25.5%
Diluted EPS$45.67$49.45$42.65$46.86$83.26$111.82$1.44$28.17$76.35$117.40$172.69$165.57$131.96
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flown/an/a3,9844,6625,3384,86585.02,8206,5547,3448,3239,4099,859
Capital expenditure132174220288442368286304368345429322320
Free cash flown/an/a3,7644,3744,8964,497-2012,5166,1866,9997,8949,0879,539
Free cash flow marginn/an/a35.0%34.5%33.7%29.8%-3.0%23.0%36.2%32.8%33.3%33.8%33.8%
Depreciation and amortisation208272309363426469458421451504591623571
Share-based compensation186247250261317308233370404530599613597
Buybacks7503,0891,0141,8285,9718,1871,3031636,62110,3776,5096,44010,530
Dividends paidn/an/an/an/an/an/an/an/a0.00.01,1741,2481,281
Dividend per sharen/an/an/an/an/an/an/an/an/an/a$8.75$9.60n/a
Diluted shares, weighted53m52m50m50m48m44m41m41m40m37m34m33m770m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a751m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets14,77117,42119,83925,45122,68721,40221,87423,64125,36124,34227,70829,26429,682
Cash and equivalents3,1491,4772,0812,5422,6246,31210,56211,12712,22112,10716,16417,20317,214
Receivables6446458601,2181,5231,680n/an/an/an/an/an/an/a
Goodwill3,3263,3752,3972,7382,9102,9131,8952,8872,8072,8262,7992,6692,672
Long-term debt3,8246,1586,1718,8108,6497,64011,0298,93712,48514,18416,59818,73618,180
Borrowings, as the company tags them4,2106,4896,4019,0038,7877,71111,201n/a12,54514,24917,22818,88220,300
Operating lease liabilitiesn/an/an/an/a0.0462366351552599483557514
Finance lease liabilitiesn/an/an/an/an/an/an/a6.032.034.07.00.0n/a
Shareholders' equity8,5678,7959,82011,2618,7855,9334,8936,1782,782-2,744-4,020-5,578-10,783
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded11.3%31.7%16.3%12.9%
Profit growth, compounded7.8%146.8%20.9%49.8%
Return on equity, averagen/an/an/an/a

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Transportation Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Booking Holdings Inc. BKNG$126.6 billion18.41n/a32.9%12.9%n/a5.7%
Expedia Group, Inc. EXPE$32.2 billion17.56168.4%16.0%12.0%4.520.6%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202518 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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