The solid Q1 beat is likely already priced in given the cautious Q2 guidance. Traders should watch for execution against the 4-6% revenue growth target and any updates on Middle East impact. The aggressive buyback supports the stock, but deceleration caps upside near term.
Price Chart
Executive Summary
Booking Holdings reported Q1 2026 adjusted EPS of $1.14, beating the $1.10 consensus by 3.6%, while revenue of $5.53B was essentially in line with $5.52B estimates. Revenue grew 16% YoY and adjusted EBITDA rose 19%, but Q2 guidance of 4-6% revenue growth signals a sharp deceleration due to Middle East headwinds. The beat is tempered by cautious forward outlook.
Key Financial Metrics
Key Facts
- Adjusted EPS $1.14 vs consensus $1.10 (beat +3.6%)
- Revenue $5.53B vs $5.52B consensus (in line)
- Revenue growth 16% YoY; adjusted EBITDA growth 19%
- Q2 2026 guidance: revenue growth 4-6%, adjusted EBITDA growth 4-6%
- Full-year 2026: revenue growth high single digits, adjusted EPS growth low to mid-teens
- Repurchased $3.6B of stock in Q1, remaining authorization $18.2B
- Middle East conflict estimated to negatively impact room night growth by 2pp in Q1
Financial Impact
Q1 beat on earnings with 16% revenue growth, but guidance implies material deceleration to 4-6% in Q2
Risk Factors
- Middle East conflict continuing to pressure travel demand
- Sharp deceleration in Q2 revenue growth to 4-6% from 16% in Q1
- Foreign exchange headwinds and potential broader macro slowdown
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001075531-26-000024 |
| Document: q1-26bkngearningsrelease.htm | 0001075531-26-000024 |
| Document: 0001075531-26-000024-index-headers.html | 0001075531-26-000024 |
| Document: 0001075531-26-000024-index.html | 0001075531-26-000024 |
| Document: 0001075531-26-000024.txt | 0001075531-26-000024 |
| 8-K Data (Synthetic) | 0001075531-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $199.60 $162.91 | ▼ −18.38% | ▼ −18.05% | $160.90 (−19.39%) |
Sep 1, 2026 4w ago | ANALYST-UPGRADE | $195.69 $162.91 | ▼ −16.75% | ▼ −17.07% | $160.90 (−17.78%) |
Aug 18, 2026 6w ago | Insider Cluster | $208.25 $171.40 | ▼ −17.70% | ▼ −16.38% | $160.90 (−22.74%) |
Aug 13, 2026 7w ago | Insider Cluster | $213.34 $173.92 | ▼ −18.48% | ▼ −16.73% | $160.90 (−24.58%) |
Jul 30, 2026 9w ago | Insider Cluster | $193.24 $202.56 | ▲ +4.82% | ▲ +0.86% | $160.90 (−16.74%) |
Jul 24, 2026 10w ago | Institutional Cluster | $177.46 $209.62 | ▲ +18.12% | ▲ +14.50% | $160.90 (−9.33%) |
May 5, 2026 21w ago | 424B5 | $167.63 $167.21 | ▼ −0.25% | ▼ −5.20% | $160.90 (−4.01%) |
Apr 28, 2026 22w ago | 8-K | $173.98 $168.37 | ▼ −3.22% | ▼ −8.68% | $160.90 (−7.52%) |
Apr 21, 2026 23w ago | DEFA14A | $179.40 $154.54 | ▼ −13.86% | ▼ −17.02% | $160.90 (−10.31%) |
Apr 20, 2026 23w ago | Press Release | $190.86 $155.07 | ▼ −18.75% | ▼ −23.67% | $160.90 (−15.70%) |
US Market Status
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