Booking Holdings Reports Strong Q1 Profitability but Lowers Full-Year Revenue Guidance
BKNG is trading near its 52-week low of $150.618 (10% above the low).
Summary
Booking Holdings reported strong Q1 2026 financial results with significant profit growth, but lowered its full-year revenue guidance to high single digits due to geopolitical headwinds.
Key Events · Earnings and Guidance · BKNG
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Strong Q1 Financial Performance
For the first quarter of 2026, GAAP Net Income increased 225% to $1.1 billion, and GAAP EPS rose 239% to $1.36. Gross bookings grew 15% to $53.8 billion, and revenue increased 16% to $5.5 billion, despite negative impacts from the Middle East conflict.
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Lowered Full-Year Revenue Guidance
The company revised its full-year 2026 revenue growth forecast to high single digits, down from previous low double-digit expectations. This adjustment is primarily attributed to the anticipated continued impact of the Middle East conflict through the first half of the year.
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Significant Stock Repurchase Program
Booking Holdings repurchased $3.6 billion of its common stock during the first quarter ended March 31, 2026, with a substantial $18.2 billion remaining under its current authorization.
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Quarterly Cash Dividend Declared
The Board of Directors declared a cash dividend of $0.42 per share, payable on June 30, 2026, to stockholders of record as of June 5, 2026.
Analysis · BKNG · Energy & Transportation
Booking Holdings delivered robust first-quarter results, significantly exceeding prior year profitability with GAAP net income surging 225% and GAAP EPS up 239%. Gross bookings and revenue also saw strong double-digit growth. However, the company issued a revised full-year revenue growth forecast, lowering it from previous low double-digit expectations to high single digits, citing ongoing impacts from the Middle East conflict. This guidance cut, despite strong Q1 performance and a substantial $3.6 billion stock repurchase in the quarter, signals a more cautious outlook for future growth and is likely to be the primary driver of market reaction.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.9% of the 1612 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BKNG was trading at $165.78 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $134.9B. The 52-week trading range was $150.62 to $233.58. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.