Booking Holdings Q3 FY2026: adjusted revenue up 8.7%, GAAP revenue down 1.3%
Booking Holdings' third quarter looks like a split screen: reported revenue fell 1.3% to $8.89 billion, yet adjusted revenue rose 8.7% to $9.79 billion once a $900 million FTC item is stripped out. Adjusted EPS of $4.66 rose 17.1% and buybacks shrank the diluted share count to 753 million from 814 million. Read the GAAP line and the adjusted line together — the gap is a regulatory charge, not a demand collapse.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.61 was up 6.8% from $3.38, and adjusted EPS of $4.66 was up 17.1% from $3.98. Adjusted net income rose 8.3% to $3.51 billion while the diluted share count fell to 753 million from 814 million, so buybacks did real work here. Reported net income itself slipped 1.1% to $2.72 billion.
Reported revenue fell 1.3% to $8.89 billion, but $900 million of that shortfall is a reduction booked for an FTC matter, not lost bookings. Gross bookings rose 9.6% to $54.5 billion and room nights grew 6.7% to 345 million, so the underlying travel engine is still expanding. Adjusted revenue, which adds the FTC amount back, came in at $9.79 billion, up 8.7%.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
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 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.