Booking Holdings Q2 2026 Earnings Overview
Booking Holdings Inc. posted second‑quarter 2026 results that surpassed Wall Street expectations. Adjusted earnings per share were $2.54, beating the analyst consensus estimate of $2.44. Revenue for the quarter totaled $7.35 billion, outpacing the consensus forecast of $7.2 billion.
The company recorded an adjusted profit per share of $2.54, up from $1.10 in the comparable quarter of 2025, which the release described as a 15% rise in second‑quarter profit. Room‑night bookings grew 5% year‑over‑year versus Q2 2025, while gross bookings increased 9% YoY (approximately 8% on a constant‑currency basis). Revenue growth was 8% YoY, or about 7% on a constant‑currency basis.
Net income surged 118% year‑over‑year. Adjusted net income rose 8% YoY and adjusted EBITDA expanded 9% YoY. Following the results, Booking’s shares jumped more than 5% in pre‑market trading on Wednesday.
Bank of America analysts noted that Booking may lose some room‑night share to Airbnb in the Middle East/Europe region during Q2/Q3 due to higher exposure, but they expect a relative improvement in nights growth and multiple expansion as travel in those regions recovers. The analysts valued the stock at roughly 17× forward P/E and highlighted potential upside from a second‑half acceleration, new AI‑powered discovery capabilities, a strong inventory position on agentic platforms, and a positive growth outlook for 2027.
The company 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.
Prepared by Vahid Karaahmetovic.