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. No additional corporate briefing disclosures were available beyond the filing itself for this period [Brief - 2026-09-19]. The filing captured performance through the first half of 2026, with subsequent institutional activity prompting this updated review [Brief - 2026-09-11].
For the trailing twelve months ending 2026-06-30, Booking Holdings recorded revenue of $28.24 billion, representing year-over-year growth of 8.15%. Net income over the same period was $5.40 billion, with a net margin of 19.14% and an operating margin of 32.87%. Gross margin stood at 44.05%. EPS grew 130% year-over-year on a trailing twelve-month basis. The company held $17.21 billion in cash against $18.28 billion in total debt. The reported P/E ratio was 0.98 [SEC 10-Q - BKNG - 2026-06-30].
Insider activity in September 2026 comprised three transactions, all in the net selling direction, with a combined net value of approximately -$1.07 million [SEC Form 4 - BKNG - 2026-09]. On the institutional side, four notable new positions were opened in the most recent 13F reporting period: Citadel, AQR Capital, Millennium, and Bridgewater each initiated new positions in BKNG [SEC 13F - Citadel - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026]. These simultaneous new entries across multiple large institutional filers constituted the primary trigger for this report.
The prevailing macro environment as of the report date shows the 10-year US Treasury yield (DGS10) at 5.18% and the 2-year yield (DGS2) at 4.87%, with the yield curve in a normal configuration [FRED DGS10] [FRED DGS2]. The spread between the two tenors stood at 31 basis points, reflecting a positively sloped term structure at the time of this report.