Booking Holdings Q2 2026 Earnings Overview
Booking Holdings Inc., headquartered in Norwalk, Connecticut, posted second‑quarter 2026 results that beat Wall Street expectations. Adjusted earnings per share came in at $2.54, surpassing the consensus estimate of $2.44. Revenue for the quarter was $7.35 billion, ahead of the projected $7.2 billion. The stronger numbers prompted the stock to climb over 7% by the Wednesday market open at 09:33 ET (13:33 GMT).
Compared with the same quarter in 2025, the company’s adjusted profit per share rose from $1.10 to $2.54, a rise the release describes as a 15% increase in second‑quarter profit. Room‑night bookings grew 5% year‑over‑year, while gross bookings rose 9% YoY (approximately 8% on a constant‑currency basis). Revenue expanded 8% YoY, roughly 7% on a constant‑currency basis. Net income more than doubled, climbing 118% year‑over‑year. Adjusted net income and adjusted EBITDA increased 8% and 9%, respectively.
Bank of America analysts noted that although Booking may lose some room‑night share to Airbnb in the second and third quarters due to higher Middle‑East/Europe exposure, they expect a relative improvement in nights growth and multiple expansion as travel in those regions recovers. The analysts consider the stock attractive at an implied ~17x P/E and anticipate a second‑half acceleration driven by new AI‑powered discovery capabilities, a strong inventory position on agentic platforms, and a positive growth outlook for 2027.
The company also raised its expected annual run‑rate savings from the Transformation Program to approximately $650 million, with the target to be realized by the end of 2027.
Chief Executive Officer Glenn Fogel said the results reflect resilient travel demand despite ongoing geopolitical and macro‑economic uncertainty, and praised the disciplined execution of the global platform and its teams.
Report compiled by Vahid Karaahmetovic.