What the report found
The report's headline is "Revenue up 8.1% to $7.35B, led by Merchant Revenue." It compares Booking Holdings' as-filed results for 2Q26 with the same quarter a year earlier, 2Q25.
Total revenue reached $7.35B, up 8.1% from $6.80B. Merchant Revenue was the largest driver, growing 15.0% to $5.13B from $4.46B. Advertising and other revenues added a smaller amount: that segment rose 8.4% to $322.0M from $297.0M, which the report calculates as 4.5% of total top-line growth.
Profit grew faster than revenue. Operating income rose 11.1% to $2.50B from $2.25B, and operating margin moved from 33.1% to 34.0%. Net income available to common shareholders rose 117.9% to $1.95B from $895.0M, and diluted EPS rose 130.0% to $2.53 from $1.10. For both of those, the report says it found no explanation in the loaded release, so it does not offer one.
Reported financial summary
| Metric | 2Q25 | 2Q26 |
|---|---|---|
| Revenue | $6.80B | $7.35B |
| Operating income | $2.25B | $2.50B |
| Gross profit | Not available | Not available |
| Net income available to common shareholders | $895.0M | $1.95B |
| Operating margin | 33.1% | 34.0% |
| Diluted EPS | $1.10 | $2.53 |
From Table 1 of the report. Source: SEC EDGAR; code calculations, as of 31 Oct 2026.
Quan's view: Positive
Quan's view (AI-generated): Positive. The report summarizes it in three points: total revenue advanced 8.1% to $7.35B, operating income grew 11.1% to $2.50B, and diluted earnings per share reached $2.53 from $1.10.
What would change the view: in the report's words, "Subsequent financial filings or forward-looking updates could alter this assessment."
This is the model's summary of the reported numbers. It is not a recommendation to buy, sell or hold the stock.
Management commentary and consensus
The report cites Booking's Aug 4, 2026 earnings announcement, where management said it had increased the expected annual run-rate savings from its Transformation Program to approximately $650 million, and expects to realize those savings by the end of 2027.
For the next report, scheduled for Nov 3, 2026, the report lists consensus revenue of $9.73B and consensus EPS of $4.59 from an earnings calendar. It notes that these are external estimates, not reported results.
What the report could not verify
Each Quan report lists the data it could not confirm instead of filling the gap. In this note:
- Gross profit was not available for any quarter from 3Q24 to 2Q26, because there was no standalone quarterly figure or compatible annual and year-to-date pair. Gross margin was missing for the same quarters.
- Standalone diluted EPS for 4Q24 and 4Q25 was not verified. Annual EPS is not additive, so the report does not subtract to get it.
- Segment operating income is not reported by segment.
- A latest reported EPS comparison was not verified.
- Quan removed 1 statement it could not verify against the sources.
Sources listed in the report
- SEC EDGAR XBRL, filing 0001075531-25-000051, filed 28 Oct 2025. data.sec.gov company facts
- SEC EDGAR XBRL, filing 0001075531-26-000009, filed 18 Feb 2026.
- SEC EDGAR XBRL, filing 0001075531-26-000025, filed 28 Apr 2026.
- SEC EDGAR XBRL, filing 0001075531-26-000037, filed 4 Aug 2026.
- SEC earnings release, filing 0001075531-26-000036, filed 4 Aug 2026. 2Q26 earnings release
- SEC dimensional XBRL, filing 0001075531-26-000037, filed 4 Aug 2026. Quarterly report for the period ended Jun 30, 2026
- Yahoo Finance chart: quote and price history, as of 31 Oct 2026.
- Finnhub earnings calendar, as of 31 Oct 2026.
All sources are listed as of 31 Oct 2026. The PDF includes the full source URLs and a note on methods.
Read the full report
Disclaimer. This report was AI-generated by Quan 3.5 from SEC filings and market data as of 31 Oct 2026. It may contain errors, and the figures may be incomplete or out of date. It is educational information and not investment advice. StockUp has no relationship with the issuer.