8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 3, 2023

Booking Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-36691	06-1528493
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

800 Connecticut Avenue	Norwalk	Connecticut	06854
(Address of principal executive offices)			(zip code)

Registrant's telephone number, including area code: (203) 299-8000

N/A 

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐  Soliciting material pursuant to Rule 14a-12  under the Exchange Act (17 CFR 240.14a-12)

☐            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class:	Trading Symbol	Name of Each Exchange on which Registered:
Common Stock par value $0.008 per share	BKNG	The NASDAQ Global Select Market
2.375% Senior Notes Due 2024	BKNG 24	The NASDAQ Stock Market LLC
0.100% Senior Notes Due 2025	BKNG 25	The NASDAQ Stock Market LLC
4.000% Senior Notes Due 2026	BKNG 26	The NASDAQ Stock Market LLC
1.800% Senior Notes Due 2027	BKNG 27	The NASDAQ Stock Market LLC
0.500% Senior Notes Due 2028	BKNG 28	The NASDAQ Stock Market LLC
3.625% Senior Notes Due 2028	BKNG 28A	The NASDAQ Stock Market LLC
4.250% Senior Notes Due 2029	BKNG 29	The NASDAQ Stock Market LLC
4.500% Senior Notes Due 2031	BKNG 31	The NASDAQ Stock Market LLC
4.125% Senior Notes Due 2033	BKNG 33	The NASDAQ Stock Market LLC
4.750% Senior Notes Due 2034	BKNG 34	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.              Results of Operations and Financial Condition.

On August 3, 2023, Booking Holdings Inc. announced its financial results for the second quarter ended June 30, 2023.  The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Copies of Booking Holdings' consolidated balance sheet at June 30, 2023, consolidated statements of operations for the three and six months ended June 30, 2023, and consolidated statement of cash flows for the six months ended June 30, 2023, are included in the financial and statistical supplement attached to the press release. 

The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01.           Financial Statements and Exhibits.

(d)    Exhibits

Exhibit Number	Description
99.1	Press release (which includes a financial and statistical supplement and related information) issued by Booking Holdings Inc. on August 3, 2023 relating to, among other things, its second quarter 2023 earnings.
104	Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BOOKING HOLDINGS INC.
By:	/s/ David I. Goulden
	Name:	David I. Goulden
	Title:	Executive Vice President and Chief Financial Officer

Date:  August 3, 2023

EX-99.1

Exhibit 99.1

Booking Holdings Reports Financial Results for 2nd Quarter 2023

NORWALK, CT – August 3, 2023. . . Booking Holdings Inc. (NASDAQ: BKNG)(the "Company," "we," "our," or "us") today reported its second quarter 2023 financial results:

•Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, were $39.7 billion, an increase of 15% from the prior-year quarter.

•Room nights booked increased 9% from the prior-year quarter.

•Total revenues were $5.5 billion, an increase of 27% from the prior-year quarter.

•Net income was $1.3 billion, an increase of 51% from the prior-year quarter.

•Net income per diluted common share was $34.89, an increase of 66% from the prior-year quarter.

•Non-GAAP net income was $1.4 billion, an increase of 79% from the prior-year quarter.

•Non-GAAP net income per diluted common share was $37.62, an increase of 97% from the prior-year quarter.

•Adjusted EBITDA was $1.8 billion, an increase of 64% from the prior-year quarter.

The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.

"In the second quarter, we continued to see robust leisure travel demand, which helped drive stronger than expected room nights and gross bookings results in the quarter," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in the third quarter. We are particularly excited about our recently announced generative AI-enabled travel assistants at both Priceline and Booking.com, and look forward to learning which elements customers value the most."

1

Non-GAAP Financial Measures

The Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operating results.

To supplement the Unaudited Consolidated Financial Statements, the Company uses the following non-GAAP financial measures: adjusted EBITDA, non-GAAP net income (loss), non-GAAP net income (loss) per diluted common share and free cash flow (net cash provided by (used in) operating activities less capital expenditures). The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

The Company uses non-GAAP financial measures for financial and operational decision-making and as a basis to evaluate performance and set targets for employee compensation programs. The Company believes that these non-GAAP financial measures are useful for analysts and investors to evaluate the Company's ongoing operating performance because they facilitate comparison of the Company's results for the current period and projected next-period results to those of prior periods and to those of its competitors (though other companies may calculate similar non-GAAP financial measures differently from those calculated by the Company). These non-GAAP financial measures, in particular adjusted EBITDA, non-GAAP net income (loss) and free cash flow, are not intended to represent funds available for Booking Holdings' discretionary use and are not intended to represent or to be used as a substitute for operating income (loss), net income (loss) or net cash provided by (used in) operating activities as measured under GAAP. The items excluded from these non-GAAP measures, but included in the calculation of their closest GAAP equivalent, are significant components of the Company's consolidated statements of operations and cash flows and must be considered in performing a comprehensive assessment of overall financial performance.

Non-GAAP net income (loss) is net income (loss) with the following adjustments:

•excludes accruals related to settlements of certain indirect tax matters,

•excludes significant losses on assets classified as held for sale,

•excludes significant gains and losses on sale and leaseback transactions,

•excludes gains and losses on equity securities with readily determinable fair values,

•     excludes the impact, if any, of significant gains and losses on the sale of and impairment and credit losses on investments in available-for-sale debt securities and significant gains and losses on the sale of and impairment and valuation adjustments on investments in equity securities without readily determinable fair values,

•excludes foreign currency transaction gains and losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges,

•excludes amortization expense of intangible assets,

•excludes interest received on tax payments refunded pursuant to settlement with authorities,

•excludes the impact of net unrecognized tax benefits related to certain income tax matters, and

•     the income tax impact of the non-GAAP adjustments mentioned above and changes in tax estimates, as applicable.

In addition to the adjustments listed above regarding non-GAAP net income (loss), adjusted EBITDA excludes depreciation expense, interest expense, and to the extent not included in the adjustments listed above, interest and dividend income, and income tax expense (benefit). In the event the Company reports a GAAP net income but a non-GAAP net loss, dilutive shares that are included in the GAAP weighted-average number of diluted common shares outstanding are excluded from the non-GAAP weighted-average number of diluted common shares outstanding. In the event the Company reports a GAAP net loss but a non-GAAP net income, anti-dilutive shares that are excluded from the GAAP weighted-average number of diluted common shares outstanding are included in the non-GAAP weighted-average number of diluted common shares outstanding.

We evaluate certain operating and financial measures on both an as-reported and constant-currency basis. We calculate constant currency by converting our current-year period results for transactions recorded in currencies other than U.S. Dollars using the corresponding prior-year period monthly average exchange rates rather than the current-year period monthly average exchange rates.

2

The attached financial and statistical supplement includes reconciliations of our financial results under GAAP to non-GAAP financial information for the three and six months ended June 30, 2023 and 2022. We are not able to provide a reconciliation between forward-looking adjusted EBITDA and GAAP net income (loss) because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.

Information About Forward-Looking Statements

This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as: adverse changes in market conditions for travel services; the effects of competition; the Company's ability to manage growth and expand; the adverse impact of the COVID-19 pandemic; adverse changes in relationships with third parties on which the Company depends; success of the Company's marketing efforts; rapid technological and other market changes; the Company's ability to attract and retain qualified personnel; changes in the presentation of travel search results and the auctions for search placement; impacts of impairments and changes in accounting estimates; and other business and industry changes. Other risks and uncertainties relate to cyberattacks and information security; tax, legal, and regulatory risks; the Company's facilitation of payments; foreign currency exchange rates; financial risks relating to the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy. For a detailed discussion of these and other risk factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements included in this press release, refer to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequently filed Quarterly Reports on Form 10-Q. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

We will be posting our prepared remarks to the Booking Holdings investor relations website after the conclusion of the earnings call.

About Booking Holdings Inc.

Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through six primary consumer-facing brands: Booking.com, Priceline, Agoda, Rentalcars.com,KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on Twitter @BookingHoldings.

###

For Press Information: Leslie Cafferty communications@bookingholdings.com

For Investor Relations: John Longstreet ir@bookingholdings.com

#BKNG_Earnings

3

Booking Holdings Inc.

CONSOLIDATED BALANCE SHEETS

(In millions, except share and per share data)

	June 30, 2023		December 31, 2022
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	14,602	$	12,221
Short-term investments (Available-for-sale debt securities: Amortized cost of $650 and $176, respectively)	640		175
Accounts receivable, net (Allowance for expected credit losses of $87 and $117, respectively)	2,805		2,229
Prepaid expenses, net	849		477
Other current assets	453		696
Total current assets	19,349		15,798
Property and equipment, net	732		669
Operating lease assets	608		645
Intangible assets, net	1,722		1,829
Goodwill	2,821		2,807
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $37 and $576, respectively)	440		2,789
Other assets, net	886		824
Total assets	$	26,558	$	25,361
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Current liabilities:
Accounts payable	$	2,123	$	2,507
Accrued expenses and other current liabilities	3,463		3,244
Deferred merchant bookings	6,040		2,223
Short-term debt	855		500
Total current liabilities	12,481		8,474
Deferred income taxes	338		685
Operating lease liabilities	533		552
Long-term U.S. transition tax liability	516		711
Other long-term liabilities	157		172
Long-term debt	13,198		11,985
Total liabilities	27,223		22,579
Commitments and contingencies
Stockholders' (deficit) equity:
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,014,532 and 63,780,528, respectively	—		—
Treasury stock: 27,973,942 and 25,917,558 shares, respectively	(36,319)		(30,983)
Additional paid-in capital	6,848		6,491
Retained earnings	29,097		27,541
Accumulated other comprehensive loss	(291)		(267)
Total stockholders' (deficit) equity	(665)		2,782
Total liabilities and stockholders' (deficit) equity	$	26,558	$	25,361

4

Booking Holdings Inc.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except share and per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Merchant revenues	$	2,770	$	1,749	$	4,522	$	2,799
Agency revenues	2,429		2,301		4,211		3,751
Advertising and other revenues	263		244		507		439
Total revenues	5,462		4,294		9,240		6,989
Operating expenses:
Marketing expenses	1,801		1,737		3,318		2,884
Sales and other expenses	666		465		1,208		804
Personnel, including stock-based compensation of $128, $108, $241, and $201, respectively	752		635		1,474		1,231
General and administrative	304		207		593		365
Information technology	144		137		281		271
Depreciation and amortization	121		107		241		218
Restructuring, disposal, and other exit activities	1		6		2		42
Total operating expenses	3,789		3,294		7,117		5,815
Operating income	1,673		1,000		2,123		1,174
Interest expense	(241)		(76)		(435)		(144)
Other income (expense), net	186		220		233		(735)
Income before income taxes	1,618		1,144		1,921		295
Income tax expense	328		287		365		138
Net income	$	1,290	$	857	$	1,556	$	157
Net income applicable to common stockholders per basic common share	$	35.16	$	21.15	$	41.88	$	3.86
Weighted-average number of basic common shares outstanding (in 000's)	36,678		40,512		37,147		40,715
Net income applicable to common stockholders per diluted common share	$	34.89	$	21.07	$	41.51	$	3.84
Weighted-average number of diluted common shares outstanding (in 000's)	36,964		40,665		37,471		40,927

5

Booking Holdings Inc.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

	Six Months Ended June 30,
	2023		2022
OPERATING ACTIVITIES:
Net income	$	1,556	$	157
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	241		218
Provision for expected credit losses and chargebacks	135		113
Deferred income tax benefit	(389)		(165)
Net losses on equity securities	167		806
Stock-based compensation expense and other stock-based payments	241		201
Operating lease amortization	80		81
Unrealized foreign currency transaction losses (gains) related to Euro-denominated debt	34		(68)
Other	—		40
Changes in assets and liabilities:
Accounts receivable	(672)		(1,116)
Prepaid expenses and other current assets	(90)		(181)
Deferred merchant bookings and other current liabilities	3,129		4,861
Long-term assets and liabilities	194		(568)
Net cash provided by operating activities	4,626		4,379
INVESTING ACTIVITIES:
Purchase of investments	(12)		(12)
Proceeds from sale and maturity of investments	1,737		—
Additions to property and equipment	(180)		(195)
Other investing activities	2		(36)
Net cash provided by (used in) investing activities	1,547		(243)
FINANCING ACTIVITIES:
Proceeds from the issuance of long-term debt	1,893		—
Payment on maturity of debt	(500)		(1,102)
Payments for repurchase of common stock	(5,249)		(2,288)
Proceeds from exercise of stock options	109		5
Other financing activities	(40)		8
Net cash used in financing activities	(3,787)		(3,377)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(7)		(44)
Net increase in cash and cash equivalents and restricted cash and cash equivalents	2,379		715
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period	12,251		11,152
Total cash and cash equivalents and restricted cash and cash equivalents, end of period	$	14,630	$	11,867
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes	$	1,324	$	337
Cash paid during the period for interest	$	356	$	145

6

Booking Holdings Inc.

UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

(In millions, except share and per share data) (1)

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA		Three Months Ended June 30,						Six Months Ended June 30,
		2023			2022			2023			2022
	Net income	$	1,290		$	857		$	1,556		$	157
(a)	Accruals related to settlements of indirect tax matters	23			—			62			—
(b)	Depreciation and amortization	121			107			241			218
(c)	Loss on assets classified as held for sale	—			—			—			36
(b)	Interest and dividend income	(266)			(24)			(494)			(27)
(b)	Interest expense	241			76			435			144
(d)	Net losses (gains) on equity securities	34			(181)			167			806
(e)	Foreign currency transaction losses (gains) on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments	8			(38)			34			(78)
(b)	Income tax expense	328			287			365			138
	Adjusted EBITDA	$	1,778		$	1,086		$	2,364		$	1,396
	Net income as a % of Total Revenues	23.6		%	20.0		%	16.8		%	2.2		%
	Adjusted EBITDA as a % of Total Revenues	32.6		%	25.3		%	25.6		%	20.0		%

RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME APPLICABLE TO COMMON STOCKHOLDERS PER DILUTED COMMON SHARE		Three Months Ended June 30,				Six Months Ended June 30,
		2023		2022		2023		2022
	Net income	$	1,290	$	857	$	1,556	$	157
(a)	Accruals related to settlements of indirect tax matters	23		—		62		—
(c)	Loss on assets classified as held for sale	—		—		—		36
(d)	Net losses (gains) on equity securities	34		(181)		167		806
(e)	Foreign currency transaction losses (gains) on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments	8		(38)		34		(78)
(f)	Amortization of intangible assets	56		56		111		112
(g)	Interest received on refunded tax payments	—		—		(31)		—
(h)	Tax impact of Non-GAAP adjustments	(19)		82		(67)		(97)
	Non-GAAP Net income	$	1,391	$	776	$	1,831	$	937
	GAAP and Non-GAAP weighted-average number of diluted common shares outstanding (in 000's)	36,964		40,665		37,471		40,927
	Net income applicable to common stockholders per diluted common share	$	34.89	$	21.07	$	41.51	$	3.84
	Non-GAAP Net income applicable to common stockholders per diluted common share	$	37.62	$	19.08	$	48.86	$	22.89

7

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW		Six Months Ended June 30,
		2023			2022
	Net cash provided by operating activities	$	4,626		$	4,379
(i)	Additions to property and equipment	(180)			(195)
	Free cash flow	$	4,445		$	4,184
	Net cash provided by operating activities as a % of Total Revenues	50.1		%	62.7		%
	Free cash flow as a % of Total Revenues	48.1		%	59.9		%

(1) Amounts may not total due to rounding.

	Notes:
(a)	Accruals related to settlements of certain indirect tax matters are recorded in General and administrative expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(b)	Amounts are excluded from Net income to calculate Adjusted EBITDA.
(c)	Loss on assets classified as held for sale is recorded in Restructuring, disposal, and other exit activities and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(d)	Net losses (gains) on equity securities with readily determinable fair values and impairments of investments in equity securities are recorded in Other income (expense), net and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(e)	Foreign currency transaction losses (gains) on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges are recorded in Other income (expense), net and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(f)	Amortization of intangible assets is recorded in Depreciation and amortization expenses and excluded from Net income to calculate Non-GAAP Net income.
(g)	Interest received on tax payments refunded pursuant to settlement with authorities is recorded in Other income (expense), net and Income tax expense, as applicable, and excluded from Net income to calculate Non-GAAP Net income.
(h)	Reflects the tax impact of Non-GAAP adjustments above and changes in tax estimates which are excluded from Net income to calculate Non-GAAP Net income.
(i)	Cash used for additions to property and equipment is included in the calculation of Free cash flow.
	For a more detailed discussion of the adjustments described above, please see the section in this press release under the heading "Non-GAAP Financial Measures" which provides definitions and information about the use of non-GAAP financial measures.

8

Booking Holdings Inc.

Statistical Data

In millions(1)

(Unaudited)

Units Sold	2Q21			3Q21			4Q21			1Q22			2Q22			3Q22			4Q22			1Q23			2Q23
Room Nights	157			183			151			198			246			240			211			274			268
Year/Year Growth	457.5		%	43.9		%	99.9		%	99.7		%	56.3		%	31.5		%	39.5		%	38.3		%	8.8		%
Rental Car Days	13			13			11			15			16			16			14			19			20
Year/Year Growth	558.8		%	44.0		%	35.8		%	53.0		%	22.4		%	24.9		%	27.6		%	22.7		%	24.0		%
Airline Tickets	4			4			4			5			6			6			6			8			9
Year/Year Growth	626.7		%	154.8		%	108.0		%	69.1		%	31.4		%	45.1		%	61.5		%	73.3		%	58.3		%
Gross Bookings(2)	2Q21			3Q21			4Q21			1Q22			2Q22			3Q22			4Q22			1Q23			2Q23
Merchant	$	6,665		$	8,812		$	7,136		$	11,007		$	15,097		$	14,506		$	13,263		$	19,927		$	21,122
Agency	15,290			14,872			11,875			16,286			19,448			17,614			14,031			19,500			18,570
Total	$	21,956		$	23,684		$	19,011		$	27,293		$	34,545		$	32,120		$	27,294		$	39,427		$	39,692
Gross Bookings Year/Year Growth (Decline)
Merchant	764.4		%	128.2		%	222.2		%	240.6		%	126.5		%	64.6		%	85.9		%	81.0		%	39.9		%
Agency	895.6		%	56.2		%	132.9		%	87.1		%	27.2		%	18.4		%	18.2		%	19.7		%	(4.5)		%
Total	851.7		%	77.0		%	160.0		%	128.7		%	57.3		%	35.6		%	43.6		%	44.5		%	14.9		%
Constant-currency Basis	802		%	75		%	164		%	140		%	73		%	52		%	58		%	52		%	16		%
	2Q21			3Q21			4Q21			1Q22			2Q22			3Q22			4Q22			1Q23			2Q23
Total Revenues	$	2,160		$	4,676		$	2,981		$	2,695		$	4,294		$	6,052		$	4,049		$	3,778		$	5,462
Year/Year Growth	243.2		%	77.1		%	140.7		%	136.3		%	98.7		%	29.4		%	35.8		%	40.2		%	27.2		%
Constant-currency Basis	229		%	76		%	146		%	146		%	116		%	47		%	49		%	47		%	28		%

(1)Amounts may not total due to rounding.

(2) Gross bookings is an operating and statistical metric that captures the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations.

9

XML

Document and Entity Information	Aug. 03, 2023
Entity Information [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 03, 2023
Entity Registrant Name	Booking Holdings Inc.
Entity Central Index Key	0001075531
Entity Incorporation, State or Country Code	DE
Entity File Number	1-36691
Entity Tax Identification Number	06-1528493
Entity Address, Address Line One	800 Connecticut Avenue
Entity Address, City or Town	Norwalk
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06854
City Area Code	203
Local Phone Number	299-8000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock par value $0.008 per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock par value $0.008 per share
Trading Symbol	BKNG
Security Exchange Name	NASDAQ
2.375% Senior Notes Due 2024
Entity Information [Line Items]
Title of 12(b) Security	2.375% Senior Notes Due 2024
Trading Symbol	BKNG 24
Security Exchange Name	NASDAQ
0.100% Senior Notes Due 2025
Entity Information [Line Items]
Title of 12(b) Security	0.100% Senior Notes Due 2025
Trading Symbol	BKNG 25
Security Exchange Name	NASDAQ
4.000% Senior Notes Due 2026
Entity Information [Line Items]
Title of 12(b) Security	4.000% Senior Notes Due 2026
Trading Symbol	BKNG 26
Security Exchange Name	NASDAQ
1.800% Senior Notes Due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.800% Senior Notes Due 2027
Trading Symbol	BKNG 27
Security Exchange Name	NASDAQ
0.500% Senior Notes Due 2028
Entity Information [Line Items]
Title of 12(b) Security	0.500% Senior Notes Due 2028
Trading Symbol	BKNG 28
Security Exchange Name	NASDAQ
3.625% Senior Notes Due 2028
Entity Information [Line Items]
Title of 12(b) Security	3.625% Senior Notes Due 2028
Trading Symbol	BKNG 28A
Security Exchange Name	NASDAQ
4.250% Senior Notes Due 2029
Entity Information [Line Items]
Title of 12(b) Security	4.250% Senior Notes Due 2029
Trading Symbol	BKNG 29
Security Exchange Name	NASDAQ
4.500% Senior Notes Due 2031
Entity Information [Line Items]
Title of 12(b) Security	4.500% Senior Notes Due 2031
Trading Symbol	BKNG 31
Security Exchange Name	NASDAQ
4.125% Senior Notes Due 2033
Entity Information [Line Items]
Title of 12(b) Security	4.125% Senior Notes Due 2033
Trading Symbol	BKNG 33
Security Exchange Name	NASDAQ
4.750% Senior Notes Due 2034
Entity Information [Line Items]
Title of 12(b) Security	4.750% Senior Notes Due 2034
Trading Symbol	BKNG 34
Security Exchange Name	NASDAQ