Q2 2026 Earnings

Reported August 4, 2026NEW

Quarter Comparison

Revenue

Operating Income

Net Margin

Free Cash Flow

Income Statement

Cash Flow Statement

Balance Sheet

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

Booking.com Alternative Accommodation Room-Night Mix
37.0%
The mix of Booking.com's room nights booked for alternative accommodation properties in the second quarter of 2026 was approximately 37%, in line with the second quarter of 2025, reflecting, in part, lower alternative accommodation room night growth in the Middle East.
Booking.com Alternative Accommodation Properties
4.1M
At June 30, 2026, Booking.com's website had over 4.1 million alternative accommodation properties (including homes, apartments, and other unique places to stay) and over 500,000 hotels, motels, and resorts.
Booking.com Hotels, Motels, and Resorts
500.0K
At June 30, 2026, Booking.com's website had over 4.1 million alternative accommodation properties (including homes, apartments, and other unique places to stay) and over 500,000 hotels, motels, and resorts.
Booking.com Total Properties
4.7M
Booking.com had approximately 4.7 million total properties on its website at June 30, 2026, representing an increase from approximately 4.3 million total properties at June 30, 2025.
Flight Tickets Year-over-Year Growth
3.7%
Flight tickets 17 16 3.7 % 38 33 16.0 %
Rental Car Days Year-over-Year Growth
-6.5%
Rental car days 23 24 (6.5) % 44 47 (5.7) %
Room Nights Year-over-Year Growth

Room nights 325 309 5.3 % 662 627 5.6 %

Flight Tickets Reserved

17.0M

Flight tickets 17 16 3.7 % 38 33 16.0 %

Rental Car Days Reserved

23.0M

Rental car days 23 24 (6.5) % 44 47 (5.7) %

Room Nights Reserved

325.0M

Room nights, rental car days, and flight tickets reserved through our services were as follows: Three Months Ended June 30, Increase (Decrease) Six Months Ended June 30, Increase (Decrease) (In millions) 2026 2025 2026 2025 Room nights 325 309 5.3 % 662 627 5.6 %

Agency Gross Bookings

$13.96B

Agency gross bookings 13,961 14,432 (3.3) % 28,984 29,931 (3.2) %

Merchant Gross Bookings

$37.00B

Gross bookings resulting from reservations of room nights, rental car days, and flight tickets made through our merchant and agency categories were as follows (numbers may not total due to rounding): Three Months Ended June 30, Increase (Decrease) Six Months Ended June 30, Increase (Decrease) (In millions) 2026 2025 2026 2025 Merchant gross bookings $ 36,996 $ 32,305 14.5 % $ 75,732 $ 63,474 19.3 %

Total Gross Bookings

$50.96B

Total gross bookings $ 50,957 $ 46,736 9.0 % $ 104,716 $ 93,406 12.1 %

Agency Gross Bookings Year-over-Year Growth

-3.3%

Agency gross bookings 13,961 14,432 (3.3) % 28,984 29,931 (3.2) %

Merchant Gross Bookings Year-over-Year Growth

14.5%

Merchant gross bookings $ 36,996 $ 32,305 14.5 % $ 75,732 $ 63,474 19.3 %

Total Gross Bookings Year-over-Year Growth

9.0%

Total gross bookings $ 50,957 $ 46,736 9.0 % $ 104,716 $ 93,406 12.1 %

Marketing Expense as a Percentage of Gross Bookings

4.7%

Marketing efficiency, expressed as marketing expenses as a percentage of gross bookings, and performance marketing returns on investment ("ROIs") are impacted by a number of factors that are in some cases outside of our control. Three Months Ended June 30, Increase (Decrease) Six Months Ended June 30, Increase (Decrease) (In millions) 2026 2025 2026 2025 Marketing expenses $ 2,371 $ 2,139 10.8 % $ 4,439 $ 3,916 13.4 % % of Total gross bookings 4.7 % 4.6 % 4.2 % 4.2 %

Revenue as a Percentage of Gross Bookings

14.4%

Three Months Ended June 30, Increase (Decrease) Six Months Ended June 30, Increase (Decrease) (In millions) 2026 2025 2026 2025 Merchant revenues $ 5,127 $ 4,457 15.0 % $ 8,825 $ 7,375 19.7 % Agency revenues 1,903 2,044 (6.9) % 3,431 3,608 (4.9) % Advertising and other revenues 322 297 8.1 % 628 577 8.8 % Total revenues $ 7,352 $ 6,798 8.1 % $ 12,884 $ 11,560 11.5 % % of Total gross bookings 14.4 % 14.5 % 12.3 % 12.4 %

Constant-Currency Average Daily Rate Growth

2.0%

In the second quarter of 2026, our global average daily rates ("ADRs") on a constant currency basis were approximately 2% higher than the prior year primarily driven by higher ADRs in Europe and the U.S. Our global ADRs were not materially impacted by changes in regional mix in the second quarter of 2026. The year-over-year increase in total gross bookings for the six months ended June 30, 2026 was due to a 6% increase in room nights, about 4% positive impact from changes in foreign currency exchange rates, approximately 2% higher constant currency ADRs, and a positive impact from the growth in flight gross bookings.

Flight Gross Bookings Year-over-Year Growth

12.0%

Flight gross bookings increased 12% and 18% year-over-year for the three and six months ended June 30, 2026, respectively, due to higher average flight ticket prices and flight ticket growth.

Rental Car Gross Bookings Year-over-Year Growth

-1.0%

Rental car gross bookings decreased 1% year-over-year for the three months ended June 30, 2026 due to a decrease in rental car days growth, partially offset by higher average daily car rental prices. Rental car gross bookings increased 3% year-over-year for the six months ended June 30, 2026 due to higher average daily car rental prices, partially offset by a decrease in rental car days growth.

Merchant Gross Bookings Mix

73.0%

The mix of our total gross bookings generated on a merchant basis across the Company was 73% in the second quarter of 2026, an increase from 69% in the second quarter of 2025 due to the ongoing shift from agency to merchant bookings at Booking.com.

Employee Headcount

25.6K

Employee headcount increased 3% year-over-year to approximately 25,550 as of June 30, 2026.

Employee Headcount Year-over-Year Growth

3.0%

Employee headcount increased 3% year-over-year to approximately 25,550 as of June 30, 2026.