Booking Holdings Inc. · BKNG · Next earnings

Booking Holdings Inc. reports Wednesday, Feb 17, 2027

BKNG reports after market close with consensus EPS at $2.33 and revenue at $6.60B. Last quarter: Booking Holdings pairs strong Q3 execution with measured Q4 outlook

Reports After market close104 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $2.33 Calendar consensus
Consensus revenue $6.60B Calendar consensus
Report date Feb 17, 2027 Wednesday, date estimated
Session After market close 104 days away

Where BKNG left off: FY2026 Q3

Full report

Booking Holdings pairs strong Q3 execution with measured Q4 outlook

EPS surprise +3.8% Reported $4.66 vs $4.49
Revenue surprise +2.6% Reported $9.79B vs $9.55B
Stock move +9.8% Event window
Subsequent drift 0.0% Up to 20 sessions

Guidance sentiment was maintained. The supplied Q3 analysis describes Q4 guidance as 1–3% room-night growth, flat EBITDA and slightly higher gross bookings, alongside a measured demand outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Travel demand may moderate, particularly amid Middle East conflict and elevated airfares.
  • AI referral traffic remains below 1% of bookings, limiting its current contribution as a booking channel.
  • Regulatory uncertainty around AI agents, data and privacy could affect operations in Europe and other jurisdictions.
  • Analysts raised questions about measurable AI conversion and revenue impact, scaling of newer LLM agents, B2B marketing returns and regulatory effects on search visibility.

Questions analysts left open

  • Quantitative impact of AI on conversion and incremental revenue.
  • Effectiveness and scaling of newer LLM agents, including Muse and Grok Bot.
  • Potential lower returns from B2B marketing spend as commission structures evolve.
  • Possible effects of the EU Digital Markets Act and other regulatory changes on search visibility.

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Recent BKNG quarters

All BKNG earnings
+9.8%FY2026 Q3+0.8%FY2026 Q2+0.3%FY2026 Q1-0.9%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.