A SEC filing dated 2026-08-05 for Booking Holdings Inc. (BKNG) covering the quarter ending 2026-06-30 formed the basis for recent reporting activity [Brief - 2026-08-14]. No additional corporate briefing disclosures were available beyond the filing itself for this period [Brief - 2026-08-05]. The filing covers the second quarter of fiscal year 2026 and reflects the financial position described below.
As of 2026-06-30, Booking Holdings reported trailing twelve-month revenue of $28.24 billion, representing year-over-year growth of 8.15% [SEC 10-Q - BKNG - 2026-06-30]. Net income on a TTM basis stood at $5.40 billion, with a net margin of 19.14% and an operating margin of 32.87%. Gross margin was recorded at 44.05%. EPS grew 130% year-over-year on a TTM basis. The company held $17.21 billion in cash against total debt of $18.28 billion, reflecting a near-parity leverage position [SEC 10-Q - BKNG - 2026-06-30].
Insider activity in the 30 days to 2026-09-11 comprised 17 transactions, with a net direction of selling and a net disposal value of approximately $15.50 million [SEC Form 4 - BKNG - 2026-09]. On the institutional side, four notable managers initiated new positions during the most recent 13F reporting period: Citadel (Ken Griffin), AQR Capital (Cliff Asness), Millennium (Izzy Englander), and Bridgewater (Ray Dalio) each opened positions in BKNG [SEC 13F - Citadel - Q2 2026; SEC 13F - AQR Capital - Q2 2026; SEC 13F - Millennium - Q2 2026; SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment as of the report date shows the 10-year US Treasury yield (DGS10) at 4.83% and the 2-year yield (DGS2) at 4.39%, producing a normal yield curve spread of 44 basis points [FRED DGS10; FRED DGS2]. This report was generated in response to the combination of material insider selling activity and the simultaneous opening of new institutional positions by multiple large asset managers.