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How Booking Holdings (BKNG) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/04/2026
Booking Holdings Inc. is an American travel technology company based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda, Kayak, Cheapflights, Rentalcars.com, Momondo, and OpenTable. · Wikipedia
More about the company
It operates websites in about 40 languages and 200 countries.
Key growth driver: Merchant Revenue — the fastest-growing revenue line: $5,127, +15% y/y. · by the Q2 2026 report
How does Booking Holdings make money?
Booking Holdings brought in $7.35 billion of revenue in Q2 2026, up 8.1% year over year. The largest source was Merchant Revenue: $5.13 billion, or 70% of the total, followed by Agency Revenue ($1.90B, 26%) and Advertising & Other ($322M, 4%). Net income for the quarter was $1.95 billion, up 117.9% year over year.
Revenue by source, Q2 2026
- Merchant Revenue$5.13B · 70% · +15.0%
- Agency Revenue$1.90B · 26% · −6.9%
- Advertising & Other$322M · 4% · +8.1%
Shares of $7.35B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is BKNG’s next earnings date?
Tuesday, October 27, 2026estimated
Booking Holdings (BKNG) has not confirmed the date yet; Oct 27, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $4.49 (11 analysts), vs $3.98 in the same quarter last year.
What time does BKNG report? Usually after market close: the last 4 results releases reached the SEC at 4:03 pm, 4:03 pm, 4:02 pm, 4:02 pm ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$7,352
+8.1%
Operating income
$2,500
+11.1%
34.0% margin
Net income
$1,950
+117.9%
$2.53 diluted EPS
Verdict: a strong quarter with revenue up 8.1% and operating income up 11.1% on merchant-mix shift and cost discipline, while net income nearly doubled (+117.9%) mainly because a $962M FX loss on Euro debt in Q2 2025 flipped to a $159M gain this quarter, a non-operating swing that flatters the y/y comparison far more than underlying operating momentum.
6M operating cash flow $6,934M (+6.9%); $7.8B of buybacks in 6M2026 with $14.5B remaining authorization; quarterly dividend raised to $0.42/share; room nights +5.3% y/y, gross bookings +9.0% y/y.
Source and notation
* marks non-cash / ≈ estimated. Source: Booking Holdings press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
BKNG earnings history: past report dates
| Aug 4, 2026 Tue | 4:03 pmafter market close | Jun 30, 2026 | $7.4B+8% y/y | $2.53+130% y/y |
| Apr 28, 2026 Tue | 4:03 pmafter market close | Mar 31, 2026 | $5.5B+16% y/y | $1.36+240% y/y |
| Feb 18, 2026 Wed | 4:02 pmafter market close | Dec 31, 2025 | ≈$6.3B+16% y/y | ≈$1.75+39% y/y |
| Oct 28, 2025 Tue | 4:02 pmafter market close | Sep 30, 2025 | $9.0B+13% y/y | $3.38+14% y/y |
| Jul 29, 2025 Tue | 4:02 pmafter market close | Jun 30, 2025 | $6.8B+16% y/y | $1.10−38% y/y |
| Apr 29, 2025 Tue | 4:04 pmafter market close | Mar 31, 2025 | $4.8B+8% y/y | $0.40−55% y/y |
| Feb 20, 2025 Thu | 4:02 pmafter market close | Dec 31, 2024 | ≈$5.5B+14% y/y | ≈$1.26+448% y/y |
| Oct 30, 2024 Wed | 4:04 pmafter market close | Sep 30, 2024 | $8.0B+9% y/y | $2.97+6% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Booking Holdings: 5-year financials
| 2025 | 26,917 | 8,825 | 5,404 | 9,087 | 1,248 |
| 2024 | 23,739 | 7,555 | 5,882 | 7,894 | 1,174 |
| 2023 | 21,365 | 5,835 | 4,289 | 6,999 | — |
| 2022 | 17,090 | 5,102 | 3,058 | 6,186 | — |
| 2021 | 10,958 | 2,496 | 1,165 | 2,516 | — |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 202610-K FY2025 cover: a single class of common stock registered; Legal Proceedings shows no shareholder disclosure suits and no SEC cases. sec.gov ↗
- Feb 2026Diluted shares fell from 41.2M (2020) to 32.6M (2025), −21%; $6.4B of buybacks in 2025. data.sec.gov ↗
- Feb 2026Dividend per share: $8.75 (2024, first year of payments) → $9.60 (2025). data.sec.gov ↗
Scoring: 2.0, no deductions: single share class, diluted shares −21% over 2020–2025 (buybacks), SBC 2.3% of revenue, dividends growing since 2024, no shareholder suits or SEC cases in 10 years
- Share classes
- Single class of common stock (10-K FY2025 cover, NASDAQ: BKNG).
- Dilution
- Diluted shares 41.2M (2020) → 32.6M (2025), −21%; SBC $613M = 2.3% of revenue — no deduction.
- Disclosure
- Full 10-K/10-Q reporting, filed on time.
- Dividends
- Dividend introduced in 2024 ($8.75 per share), $9.60 in 2025; buybacks of $6–10B a year since 2022 — policy honored.
- Lawsuits & regulators
- 10-K FY2025 shows no pending shareholder suits or SEC cases; the suit mentioned as "past" dates from the Priceline era (2000s), more than 10 years old — a single episode at half weight does not change the score.
- Related parties
- No material related-party transactions in the 2026 proxy; approval policy runs through the audit committee.
How the score works · checked as of Sep 2026
Booking Holdings (BKNG) earnings: FAQ
How does Booking Holdings make money?
Booking Holdings brought in $7.35 billion of revenue in Q2 2026, up 8.1% year over year. The largest source was Merchant Revenue: $5.13 billion, or 70% of the total, followed by Agency Revenue ($1.90B, 26%) and Advertising & Other ($322M, 4%). Net income for the quarter was $1.95 billion, up 117.9% year over year.
When is BKNG's next earnings date?
Booking Holdings (BKNG) has not confirmed the date yet; Oct 27, 2026 is an estimate based on its past reporting schedule.
What time does BKNG report earnings?
Booking Holdings usually reports after market close: its latest results release was filed with the SEC at 4:03 pm ET on Aug 4, 2026.
When did BKNG last report earnings?
Booking Holdings reported Q2 2026 results on Aug 4, 2026.
What is the EPS estimate for BKNG's next earnings?
The consensus EPS forecast is $4.49 (11 analysts), vs $3.98 in the same quarter last year.
Where can I find Booking Holdings's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to BKNG's filings; this page breaks the latest report down in a Sankey chart.
What was BKNG's net income in Q2 2026?
Booking Holdings reported net income of $1,950M for Q2 2026 (+117.9% year over year), under US GAAP.
Does Booking Holdings pay dividends?
Yes. In 2025, Booking Holdings paid $1,248M in dividends on its common stock, per its 10-K. Earlier years are in the five-year table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/25/2026. How we make the breakdowns · Report an error
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