NORWALK, CT - February 18, 2026…Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its fourth quarter and full year 2025 financial results.

Fourth Quarter 2025 Highlights

• Room nights grew 9% compared to 2024.
• Gross bookings grew 16% compared to 2024, or approximately 11% on a constant currency basis.
• Revenue grew 16% compared to 2024, or approximately 11% on a constant currency basis.
• Enabled approximately $550 million in annual run-rate savings (high end of our prior target) through the Transformation Program,(1) and expect to realize these run-rate savings by the end of 2026.
• In Q1 2026, our Board of Directors approved a 25-to-1 stock split of the Company’s authorized shares of common stock, which will be effected on April 2, 2026.

Full Year 2025 Highlights

• Room nights grew 8% compared to 2024.
• Gross bookings grew 12% compared to 2024, or approximately 10% on a constant currency basis.
• Revenue grew 13% compared to 2024, or approximately 10% on a constant currency basis.
• Net income margin was 20.1% (24.8% in 2024). Adjusted EBITDA margin was 36.9% (35.0% in 2024).

“We are pleased to report strong results for 2025, delivering double-digit revenue growth, expanding Adjusted EBITDA margin by 193 basis points (Net income margin was 20.1% in 2025 and 24.8% in 2024), and accelerating room night growth in every quarter. These results highlight the strength of our platform and the discipline of our execution,” said Glenn Fogel, Chief Executive Officer of Booking Holdings. “We remain focused on our key priorities, especially advancing our use of Generative AI to enhance the value we deliver to both travelers and partners. Savings from the Transformation Program will help us continue to reinvest strategically in the business in 2026 to support sustained, long-term growth."

For the full earnings release, please go here.