Booking Holdings — Feb 18, 2026 release

Savings from the Transformation Program will help us continue to reinvest strategically in the business in 2026 to support sustained, long-term growth."   Active Return of Capital to Shareholders First Quarter Dividend ● Our Board of Directors declared a cash dividend of $10.50 per share, payable on March 31, 2026, which is a 9.4% increase from the quarterly cash dividend per share of $9.60 in 2025. The cash dividend will be payable to stockholders of record as of the close of business on March 6, 2026. Stock Repurchase Program ● We repurchased $2.1 billion of stock in the quarter ended December 31, 2025 with a total remaining authorization of $21.8 billion as of December 31, 2025. Stock Split ● 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. 2 Additional Highlights Margins ● Net income margin of 22.5% (19.5% in Q4 2024) ● Adjusted EBITDA margin of 34.6% (33.8% in Q4 2024) Fourth Quarter 2025 vs. 2024 Top Line Metrics ● Alternative accommodation room nights at Booking.com increased by about 9% ● CC ADRs increased by about 1%(1) ● Gross bookings increased 16% (approximately 11% on a CC basis) and revenue increased 16% (approximately 11% on a CC basis) Fixed Costs ● Total operating expenses increased 15%, slower than the 16% growth in revenue ● Adjusted fixed operating expenses increased 10%, driven by adverse FX changes, an indirect tax matter, and higher