Booking Holdings (BKNG) 10-K Summary — Year Ended Dec 31, 2025
Booking Holdings Inc. filed its annual report for the period, reporting revenue and operating income growth. The company's operating cash flow remained strong, reflecting its financial position.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Booking Holdings Inc. filed its annual report for the period, reporting revenue and operating income growth. The company's operating cash flow remained strong, reflecting its financial position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$26.9B
Revenue reported for the fiscal year.
Operating income
$8.8B
Income from operations reported for the year.
Net income
n/a
Net income reported for the year.
Operating cash flow
$9.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $17.1B | +56.0% |
| Dec 31, 2023 | $21.4B | +25.0% |
| Dec 31, 2024 | $23.7B | +11.1% |
| Dec 31, 2025 | $26.9B | +13.4% |
Business overview
The supplied filing context does not include a description of the company's business operations. The filing lists sections such as Business, Risk Factors, and Management Discussion, but no substantive content is provided.
Financial performance
Revenue showed an increasing trend over the reported years, with the most recent year's revenue and operating income at elevated levels. Operating cash flow was also reported, indicating positive cash generation.
Material risks
The filing context does not provide any specific risk factors. The only reference is to an Item 1A section, but no risk details are included in the supplied text.
Liquidity and capital
The company relies on operating cash flow as its primary source of liquidity. It uses cash for investments, share repurchases, dividends, debt repayment, and capital expenditures.
What to watch
Monitor the company's revenue growth trajectory and its ability to sustain operating cash flow to fund capital allocation priorities.