10-Q quarterly report · filed Jul 29, 2025

Booking Holdings (BKNG) Q2 2025 10-Q Quarterly Report

Short answer

Booking Holdings (BKNG) filed its Q2 2025 10-Q quarterly report on Jul 29, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $6.8B (up 16.0% year over year) with net income of $895M.

Q2 2025 key financials · XBRL

Revenue
$6.8B
+16.0% YoY · +42.8% QoQ
Net income
$895M
−41.2% YoY · +168.8% QoQ
Operating margin
33.1%
EPS (diluted)
$27.31
−38.3% YoY · +171.2% QoQ

Source: XBRL data from the Booking Holdings (BKNG) Q2 2025 10-Q on SEC EDGAR. USD.

Booking Holdings Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Impact of the 2025 BBB Act on tax provisions could negatively affect results and cash flows, evaluation ongoing
  • Most materially updated risk: Increased merchant transaction costs from shift to merchant bookings, $109M and $136M rise in Q2 and H1 2025
  • Regulatory risk: Classified as a gatekeeper under EU Digital Markets Act 2024 and a "Very Large Online Platform" under Digital Services Act 2023, facing stricter rules
  • Operational risk: Growing mix of lower-margin alternative accommodations (37% of room nights in Q2 2025) risks profit margin dilution
  • Financial risk: $18.2B cash and investments with $5.8B cumulative interest on senior notes; upcoming redemption of $1.5B 4.625% Senior Notes due 2030

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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