Booking Holdings Inc. FY 2025 10-K, explained in plain English

BKNG · 10-K for the period ending December 31, 2025, filed February 18, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue	$26.9B
Gross margin	— not reported
Operating income	$8.8B
Net income	— not reported
Diluted EPS	$165.57
Cash & equivalents	$17.2B
Total assets	$29.3B
Long-term debt	$18.7B

Key takeaway

Booking Holdings achieved record annual room nights in 2025, supporting revenue growth to $26.9 billion.

🔒 4 more takeaways in the full analysis

Beneath the surface

Total debt ($18.9B) modestly exceeds cash and equivalents ($17.2B), meaning the company is in a small net-debt position despite its large cash pile.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for BKNG.

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