For the quarter ending 2026-03-31, BKNG had -$1,086M decrease in cash & cash equivalents over the period. $3,108M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,083 | 1,428 | 2,748 | 895 |
| Depreciation and amortization | 131 | 151 | 160 | 158 |
| Provision for expected credit losses and chargebacks | 110 | 93 | 117 | 117 |
| Deferred income taxes | 54 | -33 | -81 | -258 |
| Net losses (gains) on equity securities | -110 | 46 | - | - |
| Stock-based compensation expense | 141 | 167 | 153 | 154 |
| Operating lease amortization | 32 | 40 | 39 | 36 |
| Unrealized foreign currency transaction (gains) losses related to euro-denominated debt | 333 | -21 | -9 | -961 |
| Impairment | - | 0 | 457 | - |
| Amortization of debt discount on convertible senior notes | - | - | - | 131 |
| Change in fair value of the conversion option of the convertible senior notes | - | - | - | 5 |
| Amortization of debt discount and change in fair value of the conversion option related to the convertible senior notes | 0 | 0 | -360 | - |
| Other Noncash Income Expense | -5 | -118 | 65 | 23 |
| Accounts receivable | -155 | -98 | -250 | 979 |
| Prepaid expenses and other current assets | 66 | 4 | -20 | - |
| Deferred merchant bookings and other current liabilities | 1,827 | -581 | -2,419 | 1,893 |
| Increase Decrease In Other Operating Capital Net | 34 | -38 | 37 | -205 |
| Net cash provided by operating activities | 3,215 | 1,490 | 1,435 | 3,201 |
| Purchase of investments | - | 0 | - | - |
| Proceeds from sale and maturity of investments | - | 0 | 0 | 0 |
| Additions to property and equipment | 107 | 73 | 64 | 64 |
| Other investing activities | 0 | -2 | -1 | -3 |
| Net cash used in investing activities | -107 | -71 | -63 | -61 |
| Proceeds from the issuance of long-term debt | - | 1,726 | 0 | 1,955 |
| Payments on maturity of debt | 0 | 0 | 1,519 | 1,921 |
| Payments for repurchase of common stock | 3,770 | 2,119 | 653 | 1,498 |
| Dividends paid | 343 | 307 | 310 | 312 |
| Proceeds from exercise of stock options | - | 15 | - | - |
| Other financing activities | 87 | 18 | -2 | -21 |
| Net cash used in financing activities | -4,026 | -667 | -2,484 | -1,797 |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | -168 | -10 | 2 | 681 |
| Net decrease in cash and cash equivalents and restricted cash and cash equivalents | -1,086 | 742 | -1,110 | 2,024 |
| Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 17,269 | 16,527 | 17,637 | 15,613 |
| Total cash and cash equivalents and restricted cash and cash equivalents, end of period | 16,183 | 17,269 | 16,527 | 17,637 |
Booking Holdings Inc. (BKNG)
Booking Holdings Inc. (BKNG)