Booking Holdings Q2 results top estimates as travel demand remains resilient

Booking Holdings Q2 results top estimates as travel demand remains resilient

Wed, August 5, 2026 at 6:57 PM GMT+3 2 min read

• BKNG +0.18%
• PCE1

Booking Holdings Inc (NASDAQ:BKNG, XETRA:PCE1) shares rose 6% Wednesday after the online travel company reported second-quarter results that topped Wall Street expectations, with continued travel demand supporting growth across key metrics.

Booking Holdings reported adjusted earnings per share of $2.54, above estimates of $2.43 to $2.45, while revenue reached $7.35 billion, topping the $7.19 billion consensus. Gross bookings came in at $51 billion, compared with expectations of $49.4 billion, while room nights sold reached 325 million versus an estimated 320.5 million.

Room nights increased 5% year over year, while gross bookings rose 9%, or about 8% on a constant-currency basis. Revenue grew 8%, or approximately 7% on a constant-currency basis. Adjusted EBITDA increased 9% to $2.6 billion, while adjusted net income rose 8% to $2 billion.

GAAP net income more than doubled to $2 billion, up 118% from the year-ago quarter, while GAAP earnings per share increased 131% to $2.53.

Booking Holdings also raised its expected annual run-rate savings from its Transformation Program to approximately $650 million, with the company expecting to realize those savings by the end of 2027.

"Despite continued geopolitical and macroeconomic uncertainty during the second quarter, the underlying desire to travel remained resilient, and we are pleased with our results, which reflect the strength of our global platform and the disciplined execution of our teams," Glenn Fogel, chief executive officer of Booking Holdings, said.

For the third quarter, Booking expects room nights growth of 3% to 5%, gross bookings growth of 4% to 6% and revenue growth of 4% to 6%. Adjusted EBITDA is expected to grow 4% to 6%, while adjusted EPS growth is forecast in the low- to mid-teens.

The company expects full-year 2026 gross bookings and adjusted EBITDA to grow at high-single-digit rates, with revenue growth in the mid- to high-single digits.

Booking Holdings noted that travel demand has remained resilient entering the third quarter, particularly for domestic travel, while it continues to monitor the impact of the conflict in the Middle East on flight prices, capacity and international travel demand.