BKNG

Booking HoldingsNASDAQ · Hotels, Resorts & Cruise Lines · Consumer Discretionary

Previous close

148.13

Change

−2.30 / −1.53%

FinDog View

Bullish

52-Week Range ?

146.28 – 220.81

P/E (TTM) ?

15.7

Forward P/E ?

13.9

Based on consensus earnings for the next 12 months

Market Cap

$111B

−9.07%

S&P 500 −0.91% over same period

Volume / Avg Volume

8.4M / 6.8M

1.22× average

Latest earnings analysisFY2026 Q2Reported 2026-08-04

Booking Holdings Q2 2026: revenue +8.1%, adjusted EPS $2.54 beats

Booking Holdings beat on the bottom line: Q2 2026 revenue rose 8.1% to $7.35 billion, GAAP EPS hit $2.53 versus a $2.4982 consensus, and adjusted EPS of $2.54 was up 15.0% year over year. The eye-catching 118% net income growth is mostly currency, so read revenue growth, adjusted EPS and free cash flow together, not the headline.

Read the full analysis →

Revenue$7.35BYoY +8.10%

EPS (non-GAAP)$2.54Beatest. $2.50

Next-day move+6.56%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 1.11M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-08-04	$7.4B	2.54 / 2.50	+6.56%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-28	$5.5B	1.14 / 1.10	+0.35%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-18	$26.9B	48.80 / 1.98	−6.15%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-28	$9.0B	99.50 / 3.90	−0.87%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-29	$6.8B	55.40 / —	+0.40%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-29	$4.8B	24.81 / —	+3.87%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2026-11-03

Tomorrow · After hours

Consensus EPS

$4.59

Last quarter EPS $2.54

Avg. next-day move over the last 6 reports

±3.0%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 100 of its 5-year rangeExpensive

5-year range 0.9 – 2.0 · Median 1.2

Last 4 quarters: $10.5B in buybacks + $1.3B in dividends, 10.60% of market cap combined

P/E (TTM)

15.7

P/B

—

P/S

4.0

Dividend Yield

1.13%

Earnings Reaction

Over the last 6 reports, the stock moved ±3.0% on average on the first trading day after, rising 4 times

Most recent +6.56%

Volatility & Correlation

1-year beta 0.83 · Correlation with S&P 500 0.28Tracks the market

Annualized volatility 38% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 8 · $16.2MNet selling $16.2M

10-15Pisano PauloCHIEF HUMAN RESOURCES OFFICERSell$0.24M1,500 shares · Avg price 163.06
09-15Pisano PauloCHIEF HUMAN RESOURCES OFFICERSell$0.26M1,500 shares · Avg price 173.02
09-01MYLOD ROBERT J JRDirectorSell$0.20M1,000 shares · Avg price 200.00
08-31Pisano PauloCHIEF HUMAN RESOURCES OFFICERSell$0.61M3,000 shares · Avg price 203.48
08-17WITTMAN VANESSA AMESDirectorSell$0.08M375 shares · Avg price 211.00
08-17MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell$10.4M50,050 shares · 9 trades · Avg price 207.59
08-12Steenbergen Ewout LCHIEF FINANCIAL OFFICERSell$4.2M20,000 shares · 5 trades · Avg price 211.03
08-05MYLOD ROBERT J JRDirectorSell$0.21M1,000 shares · Avg price 206.70

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q2	7.35	+8.1%	—	2.50	—	3.64	2.53
FY2026 Q1	5.53	+16.2%	—	1.27	—	3.11	1.36
FY2025 Q4	6.35	+16.0%	—	2.03	5.40	1.42	79.66
FY2025 Q3	9.01	+12.7%	—	3.48	—	1.37	84.41
FY2025 Q2	6.80	+16.0%	—	2.25	—	3.14	1.10
FY2025 Q1	4.76	+7.9%	—	1.06	—	3.16	0.40
FY2024 Q4	5.47	+14.4%	—	1.73	5.88	0.65	31.60
FY2024 Q3	7.99	+8.9%	—	3.18	—	2.30	74.34
FY2024 Q2	5.86	+7.3%	—	1.86	—	2.38	44.38
FY2024 Q1	4.42	+16.9%	—	0.79	—	2.57	22.37
FY2023 Q4	4.78	+18.2%	—	0.61	4.29	1.25	5.71
FY2023 Q3	7.34	+21.3%	—	3.10	—	1.30	69.80

Peers

Largest by market cap in the sector · Latest quarterView Consumer Discretionary sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
BKNG	Booking Holdings	$111B	15.7	+8.1%	—	−9.07%	Bullish
AMZN	Amazon	$2.58T	19.4	+12.1%	53.2%	−3.53%	Neutral	Compare
TSLA	Tesla, Inc.	$1.57T	495.1	−0.2%	19.6%	+12.68%	Neutral	Compare
HD	Home Depot (The)	$329B	23.3	+5.7%	33.7%	+15.72%	Neutral	Compare
MCD	McDonald's	$183B	21.1	+3.7%	90.4%	+11.77%	Neutral	Compare
TJX	TJX Companies	$157B	25.8	+5.4%	33.4%	+6.05%	Bullish	Compare
SBUX	Starbucks	$118B	59.0	−1.4%	—	+10.33%	Neutral	Compare
LOW	Lowe's	$118B	17.6	+8.3%	33.0%	+13.45%	Neutral	Compare
MAR	Marriott International	$105B	40.6	+4.8%	—	+12.27%	Bullish	Compare

Earnings Preview · Reports 11-03 After hours

Booking Q3 preview: room nights and buybacks in focus

Whether room-night growth holds above 5%, the core of the growth story
Whether agency-model revenue keeps declining and shifts the revenue mix
Whether buybacks and free cash flow match Q2's pace

No consensus estimate available; last quarter gave no specific numeric guidance, only high-single-digit growth for the full year.

Over the past 6 reports, average move was ±3%, with 4 gains; the latest rose 6.6%.

Watch out for：If room nights and agency revenue keep weakening, the mature cash-cow thesis would be undermined.

The View in One Line

Revenue of $7.35B rose 8.1% and adjusted EPS of 2.54 slightly beat, with free cash flow up 16% and $3.7B of buybacks; the filing analysis is bullish, though room nights grew only 5%.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Revenue rose 8%, adjusted EPS slightly beat, free cash flow up 16% with $3.7B buyback; filing view is bullish.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$112MAdded +600%
Lone Pine Capital$10.1M
Bridgewater Associates · Ray Dalio$7.5MAdded +77824%

As of 2026-06-30

ETFs holding it

XLY Consumer Discretionary Select Sector SPDR Fund2.93%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF0.58%
QQQ Invesco QQQ0.53%
QQQM Invesco NASDAQ 100 ETF0.52%
SCHG Schwab U.S. Large-Cap Growth ETF0.46%
VUG Vanguard Growth ETF0.33%
VOO Vanguard S&P 500 ETF0.18%
RSP Invesco S&P 500 Equal Weight ETF0.18%

Weights estimated at latest prices

Key Events

06-02Governance
Booking Holdings Completes Director Elections at 2026 Annual Meeting
On June 2, 2026, Booking Holdings held its annual meeting, where shareholders voted to elect directors including Glenn D. Fogel, Mirian Graddick-Weir, and Kelly Grier.Source ↗
05-11Capital Actions
Booking Holdings Issues €1.9 Billion of Senior Notes
On May 11, 2026, Booking Holdings issued €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.Source ↗
05-07Capital Actions
Booking Issues $750 Million 5.375% Senior Notes
On May 7, 2026, Booking Holdings completed the issuance of $750 million of 5.375% senior notes due May 7, 2036.Source ↗
04-02Management Change
Booking Appoints New Chief Accounting Officer
On April 2, 2026, Booking Holdings announced the appointment of Caroline Sullivan as Senior Vice President, Chief Accounting Officer and Controller, effective April 29, 2026.Source ↗
04-02Capital Actions
Booking Implements 25-for-1 Forward Stock Split
On April 2, 2026, Booking Holdings filed a charter amendment to implement a 25-for-1 forward stock split, increasing authorized common shares from 1 billion to 25 billion; shares began trading on a split-adjusted basis on April 6.Source ↗
04-01Management Change
Booking Holdings Appoints Kurt Sievers to Board
On April 1, 2026, Booking Holdings appointed former NXP CEO Kurt Sievers to its board of directors, and he joined the Corporate Governance Committee.Source ↗

Key Financial Trends

Quarterly Revenue ($B)7.4

Free Cash Flow ($B)3.6