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.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.53 is up 131% from $1.10, but that comparison is flattered by a $195 million foreign-currency gain on euro-denominated debt sitting in other income. Adjusted EPS of $2.54 rose 15.0% and came in just above the $2.4982 analyst estimate. Adjusted net income of $1.96 billion rose 8.0%, which is the more honest operating number.
Revenue of $7.35 billion was up 8.1% from $6.80 billion a year earlier, roughly in line with the 9% growth in gross bookings to $51.0 billion. Merchant revenue of $5.13 billion did the heavy lifting, rising 15.0%, while agency revenue slipped to $1.90 billion. Room nights grew only 5.0%, so most of the gain came from price, mix and payments rather than from more bookings.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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