Booking Holdings Inc. reported second-quarter results that outpaced Wall Street forecasts, delivering adjusted earnings per share of $2.54 versus the analyst consensus of $2.44. The Norwalk, Connecticut-based travel platform recorded revenue of $7.35 billion for the quarter, above the $7.2 billion estimate.
Adjusted profit per share of $2.54 represented a notable increase from $1.10 per share in the same quarter a year earlier, the company said, adding that this change represents a 15% rise in second-quarter profit. Several other operating metrics also improved year-over-year.
- Room nights booked through the platform increased 5% compared with the second quarter of 2025.
- Gross bookings rose 9% year-over-year, or about 8% on a constant currency basis.
- Revenue expanded 8% from the year-ago quarter, or roughly 7% on a constant currency basis.
- Net income climbed 118% year-over-year, while adjusted net income and adjusted EBITDA grew 8% and 9%, respectively.
The company also announced that it has increased its projected annual run-rate savings from its Transformation Program to approximately $650 million. Booking Holdings expects to realize these 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," said Glenn Fogel, Chief Executive Officer of Booking Holdings.
Following the earnings release, Booking shares traded more than 5% higher. The market reaction followed the stronger-than-expected top- and bottom-line performance and the update to the company's cost-savings outlook.
Overall, Booking's Q2 results reflect gains across multiple revenue and booking metrics, while management signaled additional efficiency gains from its Transformation Program. The company documented solid year-over-year growth in gross bookings, revenue and adjusted profitability, alongside a material increase in net income.
Key financial outcomes and forward-looking operational targets were highlighted in the quarter's report. The company quantified the pace of bookings and revenue growth and provided a timeline for expected cost-savings realization tied to its transformation efforts.