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Booking Holdings Inc.BKNG

Sector
Other
Industry
Transportation Services
Exchange
Nasdaq

Stock Price $BKNG

Latest filings

You are here#6 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1110-Q328-K145

BKNG filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’16May ’16
  2. FY2018 annual report10-K · Feb ’19Feb ’19
  3. Leadership change8-K · Jun ’21Jun ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $26.92B
YoY changeLargest recent move+61.2%in FY21Latest +13.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All BKNG Financial Metrics60 metrics

Income Statement16

Balance Sheet24

Cash Flow15

Per Share5

02—Overview

Booking Holdings Inc. Financial Overview 2021–2025

Updated Jul 10, 2026

Booking Holdings processed an unprecedented $186.1 billiona in gross bookings during FY2025, proving that global travel demand has thoroughly eclipsed pre-pandemic baselines. By aggressively pivoting away from its traditional agency roots toward a more lucrative merchant model, the company has structurally increased its revenue capture and accelerated its core profit growth.

This strategic transition fueled a dramatic financial expansion, with total revenue scaling from $11.0 billion in FY2021 to $26.9 billionb in FY2025. The merchant model shift served as the primary growth engine, driving a 25.5% spike in merchant revenues during the latest full fiscal year. The company also successfully diversified its inventory mix, pushing alternative accommodations to 36% of Booking.com's total room nights. Management paired this top-line expansion with rigorous operational discipline, executing a transformation program that yielded $550 million in annual run-rate savings by the end of FY2025.

Robust cash generation funded significant capital returns, including $6.4 billionc in share repurchases and $1.2 billion in dividends over the course of FY2025. Business momentum persisted into Q1 2026, where net income surged over 225% year-over-year to $1.08 billion alongside the execution of a 25-for-1 forward stock split. Investors rewarded this combination of operational leverage and capital discipline; at the close of FY2025, the market valued the company at 32.3x earnings with shares priced at $214.21.

Recent Developments (Q4 2025 and Q1 2026)

In Q1 2026, total revenues climbed 16.2% year-over-year to $5.53 billiond, driven by a 26.7% surge in merchant revenues. Room nights booked increased 5.9%. Management heavily deployed capital, repurchasing $4.02 billion in stock during the quarter and distributing $343 million in dividends. The company also refreshed corporate leadership by appointing Caroline Sullivan as Chief Accounting Officer.

Bulls argue the ongoing merchant model transition sustainably increases revenue capture per transaction and bolsters structural profitability. Conversely, bears warn that Middle East geopolitical conflicts are driving up cancellation rates and eroding marketing efficiency, with quarterly marketing expenses climbing 16.4% to $2.07 billione. Trading at 26.2x earnings as of April 28, 2026, the stock presents an attractive multiple relative to recent bottom-line acceleration.

What to watch: regional booking volumes amid ongoing geopolitical volatility; operational expense scaling related to the merchant model transition.

03—Filings

Recent SEC Filings

  1. 8-KBooking Holdings Inc. 8-K Report, Financial Results (Aug 4, 2026)Booking Holdings Inc. (BKNG) has filed an 8-K report on August 4, 2026, to announce its financial results for the second quarter ended June 30, 2026. The core of this filing is the press release containing detailed financial statements, including the consolidated balance sheet, statements of operations, and cash flow statements for the relevant periods. While the specific performance metrics are contained within the attached press release (Exhibit 99.1), this 8-K serves as the official notification of these results to the market.
  2. 8-KBooking Holdings Inc. 8-K Report, Shareholder Vote Results (Jun 2, 2026)Booking Holdings Inc. (BKNG) held its 2026 Annual Meeting of Stockholders on June 2, 2026, where key corporate governance matters were put to a vote. The meeting saw overwhelming support for the re-election of all incumbent directors, indicating strong confidence from shareholders in the current leadership and board composition. Additionally, stockholders approved the company's 2025 executive compensation plan and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026, reinforcing financial oversight and accountability. Furthermore, shareholders approved an amendment to the company's certificate of incorporation to provide exculpation for officers. However, two significant stockholder proposals, one concerning political spending and another related to business operations in illegal settlements, did not receive majority approval. These outcomes suggest that while shareholders are generally aligned with management on governance and financial matters, there is a divergence of opinion on certain social and political policy issues.
  3. 8-KBooking Holdings Inc. 8-K Report, Material Agreement (May 11, 2026)Booking Holdings Inc. (BKNG) has filed an 8-K report detailing the successful issuance of €1.9 billion in senior unsecured notes. This issuance includes €600 million of 3.500% Senior Notes due 2030, €700 million of 4.000% Senior Notes due 2034, and €600 million of 4.500% Senior Notes due 2039. The proceeds from these notes are intended to fund general corporate purposes. The company has entered into an Underwriting Agreement with several reputable financial institutions, indicating a well-executed public offering under its existing registration statement. This move strengthens Booking Holdings' financial flexibility and extends its debt maturity profile.
  4. 8-KBooking Holdings Inc. 8-K Report, Material Agreement (May 7, 2026)Booking Holdings Inc. (BKNG) has filed an 8-K report on May 7, 2026, detailing the issuance of $750,000,000 in aggregate principal amount of 5.375% Senior Notes due 2036. This offering was completed through a registered public offering under an underwriting agreement with several major investment banks, including Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC. The Senior Notes are general senior unsecured obligations of the Company, ranking equally with its other senior unsecured debt. These new notes mature on May 7, 2036, and bear a semi-annual interest rate of 5.375%, payable on May 7 and November 7, with the first payment due November 7, 2026. The Company has the option to redeem the notes prior to maturity under specific conditions, including a "Par Call Date" scenario where redemption is possible at a price based on present values discounted at the Treasury Rate plus 15 basis points, or at par value on or after the Par Call Date. The indenture governing these notes includes standard covenants and events of default.
  5. 8-KBooking Holdings Inc. 8-K Report, Financial Results (Apr 28, 2026)Booking Holdings Inc. (BKNG) has filed its Form 8-K for the period ending April 28, 2026, announcing its financial results for the first quarter of 2026. The report primarily serves to attach the company's earnings press release, which contains detailed financial statements including the consolidated balance sheet as of March 31, 2026, and the consolidated statements of operations and cash flows for the three months ended on the same date. Investors should refer to the attached Exhibit 99.1 for the specific operational and financial performance metrics of Booking Holdings during the first quarter of 2026. While this 8-K itself does not provide the quantitative results, it formally incorporates the press release containing this crucial information. The filing also notes that the information provided is not considered 'filed' for certain regulatory purposes unless expressly incorporated into other filings.
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04—See also

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