Booking Holdings — Feb 18, 2026 release

● Enabled approximately $550 million in annual run-rate savings (high end of our prior target) through the Transformation Program,(1) and expect to realize these run-rate savings by the end of 2026. ● In Q1 2026, our Board of Directors approved a 25-to-1 stock split of the Company’s authorized shares of common stock, which will be effected on April 2, 2026. Full Year 2025 Highlights ● Room nights grew 8% compared to 2024. ● Gross bookings grew 12% compared to 2024, or approximately 10% on a constant currency basis. ● Revenue grew 13% compared to 2024, or approximately 10% on a constant currency basis. ● Net income margin was 20.1% (24.8% in 2024). Adjusted EBITDA margin was 36.9% (35.0% in 2024). Q4 2025 FY 2025 (#) (Δ Y/Y) (#) (Δ Y/Y) Room Nights 285M 9% 1,235M 8% Gross Bookings $43.0B 16% $186.1B 12% Revenue $6.3B 16% $26.9B 13% GAAP Net Income $1.4B 34% $5.4B (8%) GAAP EPS $44.22 38% $165.57 (4%) Adjusted EPS $48.80 17% $228.06 22% Adjusted EBITDA $2.2B 19% $9.9B 20% Net Cash Provided By Operating Activities $1.5B 107% $9.4B 13% Free Cash Flow $1.4B 120% $9.1B 15% (1) See note (f) in the Reconciliation of GAAP to Non-GAAP Financial Information section at the end of this release. Refer to the "Non-GAAP Financial Measures" section at the end of this release for an explanation of constant currency and non-GAAP financial measures, including Adjusted Net income, Adjusted EPS, Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow, and Adjusted Fixed Operating Expenses, and reconciliations to t