Booking Holdings (BKNG)
NASDAQ:BKNG
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.47Last Year’s EPS
2.22Same Quarter Last Year
Strong Buy
Based on 32 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and financial performance: robust top-line growth, strong adjusted EBITDA expansion, record share repurchases, progress on Connected Trip and AI initiatives, and continued U.S. and Asia momentum. However, material near-term headwinds from the Middle East conflict (elevated cancellations, transit disruptions), some marketing deleverage, and guidance uncertainty temper the outlook. On balance the company demonstrated resilience and clear strategic progress while actively managing costs and capital allocation amid geopolitical volatility.Company Guidance
Strong Room Night Growth Despite Headwinds
Booked 338 million room nights in Q1, up 6% year-over-year (estimated ~8% ex-Middle East conflict impact of ~2 percentage points). U.S. room-night growth accelerated to the low teens for the fourth consecutive quarter; Asia room-night growth in the high single digits with intra-Asia travel in the low double digits.
Robust Gross Bookings and Revenue Growth
Q1 gross bookings of $53.8 billion increased 15% year-over-year (about 8% on a constant-currency basis). Revenue was $5.5 billion, up 16% year-over-year (about 10% constant currency).
Strong Profitability and EPS Progress
Adjusted EBITDA was approximately $1.3 billion, up 19% year-over-year (exceeding the high end of guidance). Adjusted EPS was $1.14, up 14% year-over-year, supported by a ~4% lower average share count.
Merchant and Other Travel Vertical Momentum
Total merchant gross bookings increased 24% year-over-year and represented ~72% of total gross bookings (mix up ~5 percentage points). Airline tickets rose 28% and attractions tickets grew ~25% in Q1.
Connected Trip and Loyalty Traction
Connected transactions grew in the high teens and now represent a low-double-digit share of Booking.com's transactions (growing ~3x faster than Booking.com's total transaction growth). Genius Levels 2 and 3 made up over 30% of active base and accounted for a high-50% share of room nights over the last four quarters.
AI-Led Product and Operational Gains
Early AI initiatives (e.g., Priceline’s Penny, Booking.com natural-language search) show encouraging conversion and engagement signals in small tests. Agoda realized a double-digit year-over-year reduction in customer-service cost per booking driven by AI-assisted automation.
Strong Capital Return and Cash Generation
Completed a record $3.6 billion of share repurchases in Q1 (total capital return ~ $4.0 billion including dividend), while generating about $3.1 billion of free cash flow in the quarter. Ending cash & investments were $16.5 billion.
Operational Discipline and Transformation Progress
Adjusted fixed operating expenses grew in the low single digits on a normalized basis; the company remains on track for $500–$550 million of in-year savings from its 2026 transformation program and incurred only $25 million of transformation costs in Q1.
BKNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $173.38 | $173.98 | +0.35% |
Feb 18, 2026 | $170.41 | $159.93 | -6.15% |
Oct 28, 2025 | $203.97 | $202.19 | -0.87% |
Jul 29, 2025 | $222.31 | $223.19 | +0.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Booking Holdings (BKNG) report earnings?
Booking Holdings (BKNG) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Booking Holdings (BKNG) earnings time?
Booking Holdings (BKNG) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKNG EPS forecast?
BKNG EPS forecast for the fiscal quarter 2026 (Q2) is 2.47.
