Booking Holdings — Aug 4, 2026 release

We remain focused on what we can control– building better experiences for travelers, creating greater value for our partners, and strengthening our business for the long term."   Return of Capital to Shareholders Third Quarter Dividend ● Our Board of Directors declared a cash dividend of $0.42 per share, payable on September 30, 2026 to stockholders of record as of the close of business on September 11, 2026. Stock Repurchase Program ● We repurchased $3.7 billion (excluding excise taxes) of stock in the quarter ended June 30, 2026 with a total remaining authorization of $14.5 billion as of June 30, 2026. 2 Additional Highlights Margins ● Net income margin of 26.5% (13.2% in Q2 2025) ● Adjusted EBITDA margin of 36.0% (35.6% in Q2 2025) Second Quarter 2026 vs. 2025 Top Line Metrics ● Alternative accommodation room nights at Booking.com increased by 4% ● CC ADRs increased by about 2%(1) ● Gross bookings increased 9% (approximately 8% on a CC basis) and revenue increased 8% (approximately 7% on a CC basis) Fixed Costs ● Total operating expenses increased 7%, slower than the 8% growth in revenue ● Adjusted fixed operating expenses increased 6%, driven by higher cloud computing costs and software license fees, as well as adverse changes in foreign currency exchange rates Marketing Metrics ● Marketing expense as a percentage of gross bookings was 4.7% (4.6% in Q2 2025) ● Over the trailing four quarters, the mix of our total room nights booked through the direct channel was a mid-fifties percentage, similar to last year GAAP EPS +131% Adjusted EPS +15% (1) Constant Currency ("CC") and accommodation average daily rates ("ADRs")   Booking Holdings' guidance for the third quarter and full year of 2026 is as follows: Global travel demand has remained resilie