Filing Flows › Booking Holdings (BKNG) › Q1 2026
Booking Holdings (BKNG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Booking Holdings (BKNG) reported revenue of $5.5B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -13% from the quarter before. Operating margin was 23.0%, net earnings $1.1B (19.6% of revenue).
Booking Holdings, Q1 2026: revenue $5.5B (+16% year over year), operating margin 23.0%, net earnings $1.1B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | -13% | +16% |
| Operating profit | $1.3B | -37% | +20% |
| Net earnings | $1.1B | -24% | +225% |
| Operating cash flow | $3.2B | +116% | -2% |
| Free cash flow | $3.1B | +119% | -2% |
What changed
Revenue was $5.5B in Q1 2026, up 16% year over year and down 13% from the previous quarter. Merchant revenues was the largest line at 67% of revenue. Merchant revenues added $0.78B year over year (up 27%), 101% of the total change. Agency revenues declined 2%.
Operating profit was $1.3B, a 23.0% margin (up 0.7 points year over year). Of the extra revenue versus Q1 2025, 27% reached operating profit, above the 22% margin then. Total costs grew 15% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $1.1B, up 225% year over year. The effective tax rate was 22.6%.
Operating cash flow was $3.2B (down 2% year over year), 297% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items added $1.9B. Capital expenditures of $0.11B left free cash flow of $3.1B.
Questions
What was Booking Holdings' revenue in the first quarter 2026?
Booking Holdings (BKNG) reported revenue of $5.5B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -13% from the quarter before.
Was Booking Holdings profitable in the first quarter 2026?
Operating profit was $1.3B (23.0% of revenue) and net earnings $1.1B.
Source: Booking Holdings 10-Q on SEC EDGAR.