Booking Holdings Inc.

Company facts

Industry

Transportation Services

Headquarters

Norwalk, Connecticut

Most recent report

10-Q, filed Nov 3, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1075531

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 10 sections worth reading, with 1 positive, 7 notable, and 1 negative flags.

• Financial Statements (Item 1)

  FTC matter: $900M revenue reduction, $100M accrued loss. Stockholders' deficit deepens. Heavy buybacks and debt.
  Notable

  • Total debt rose to $20.1B at Sep 30, 2026 from $18.7B at Dec 31, 2025; $2.0B due within 12 months.
  Negative

  • FTC matter: $900M revenue reduction and $100M loss accrued in Q3 2026; further penalties possible.

• Management's Discussion (Item 2)

  FTC matter, Transformation Program savings, room night deceleration, and merchant shift all have quantified impacts.
  Positive

  • Transformation Program annual run-rate savings target raised to ~$650M, up from ~$550M at end of 2025.
  Notable

  • Room night growth accelerated to 7% in Q3 2026 from 5% in Q2 2026, driven by Europe and Asia international travel.
  • Merchant gross bookings mix rose to 75% in Q3 2026 from 72% in Q3 2025, shifting from agency model.

• Market Risk (Item 3)

  Quantified interest rate and FX impacts on debt and revenue, with specific dollar and percentage figures.
  Notable

  • A 100 bps rate decrease would increase debt fair value by $1.1B at Q3 2026, showing interest rate sensitivity.
  • FX cut Q3 2026 revenue growth by 1% but added 1% for the nine-month period, showing currency volatility.
  • A 10% drop in equity investments would cause a $45M pre-tax loss at Q3 2026, a real but manageable risk.

• Unregistered Sales and Repurchases (Item 2)

  Buyback pace and remaining authorization are material to capital allocation.
  Notable

  • 21,119 shares repurchased for employee tax withholding, not part of the buyback program.

What changed: Sep 2026 vs. Jun 2026

About 4% of BKNG's Sep 2026 10-Q is new information. 10 paragraphs were added, 123 changed, and 52 removed. Below are the most important lines SECSift identified.

• Item 2 49
• Item 1 45
• Item 3 3
• Item 6 3
• Item 4 1