Strong Revenue Growth
Revenue grew 16.2% YoY to $5.53B in Q1 FY2026, reflecting continued strength in travel demand and booking volumes across BKNG's global platforms.
来源: 10-Q Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
BKNG delivered strong Q1 FY2026 results with revenue up 16.2% YoY to $5.53B and operating income up 19.7% to $1.27B, while EPS surged 234.1% to $1.37 driven by aggressive share buybacks of $3.77B.
营收
55.32亿美元
同比 +16.17%
每股收益（稀释）
1.36美元
同比 +240.00%
营业利润
12.71亿美元
同比 +19.68%
SEC XBRL 原值
Booking Holdings (BKNG) Q1 FY2026 营收 55.32亿美元，同比增长 16.2%。 营业利润率 23.0%，较去年同期的 22.3% 扩大 0.7 个百分点。 经营活动现金流 32.15亿美元，同比下降 2.1%。 BKNG 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：3 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 2.54 | 2.50 | 超预期 +1.7% |
| 2026年3月本次财报 | 1.14 | 1.10 | 超预期 +3.6% |
| 2025年12月 | 1.95 | 1.98 | 不及预期 -1.3% |
| 2025年9月 | 3.98 | 3.90 | 超预期 +2.0% |
2026年3月 调整后（非 GAAP） EPS 1.14美元，分析师一致预期 1.10美元，超预期 +3.6%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 1.36美元。
由 AI 基于本次 SEC 报告整理
Revenue grew 16.2% YoY to $5.53B in Q1 FY2026, reflecting continued strength in travel demand and booking volumes across BKNG's global platforms.
来源: 10-Q Income Statement
Operating margin improved modestly to 23.0% from 22.3% in the prior year period, with operating income rising 19.7% YoY to $1.27B, indicating disciplined cost management relative to revenue growth.
来源: 10-Q Income Statement & Key Ratios
BKNG repurchased $3.77B in shares during Q1 FY2026, a 73.7% increase from $2.17B in Q1 FY2025, and paid $343M in dividends, underscoring management's commitment to returning capital to shareholders.
来源: 10-Q Cash Flow Statement
Basic EPS jumped 234.1% YoY to $1.37 from $0.41, a dramatic increase that reflects both improved profitability and the significant reduction in share count resulting from the company's buyback program.
来源: 10-Q Income Statement
Cash and equivalents stood at $16.02B, providing strong liquidity, while operating cash flow remained robust at $3.22B despite a slight 2.1% YoY decline, supporting ongoing capital return activities.
来源: 10-Q Balance Sheet & Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
BKNG's stockholders' equity deteriorated further to -$8.72B from -$6.11B a year ago, a 42.7% decline, driven primarily by aggressive share repurchases exceeding earnings. While this is a deliberate capital allocation strategy, it signals elevated financial leverage and could concern creditors or rating agencies.
来源: 10-Q Balance Sheet
Current liabilities surged 20.8% YoY to $19.81B, outpacing current asset growth of 4.9%, which compressed the current ratio to just 1.06. Total liabilities grew 9.4% to $36.44B against only 1.9% asset growth, increasing overall balance sheet leverage.
来源: 10-Q Balance Sheet
The debt-to-equity ratio is -4.18, rendered meaningless by negative equity, but long-term debt stands at $15.40B. The combination of high absolute debt and negative equity creates vulnerability to interest rate changes and refinancing risk.
来源: 10-Q Balance Sheet & Key Ratios
Operating cash flow declined 2.1% YoY to $3.22B despite strong revenue growth of 16.2%, suggesting potential working capital headwinds or timing differences in merchant payables and customer prepayments that could pressure near-term liquidity.
来源: 10-Q Cash Flow Statement
BKNG's business is entirely dependent on global travel demand, which remains sensitive to macroeconomic slowdowns, geopolitical events, and consumer confidence. Any deterioration in travel spending could disproportionately impact revenue and margins given the company's fixed cost base.
来源: 10-Q Income Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 55.32 亿美元 | 47.62 亿美元 | +16.17% |
营业利润 亿美元 | 12.71 亿美元 | 10.62 亿美元 | +19.68% |
每股收益（基本） 美元 | 1.37 美元 | 0.41 美元 | +234.15% |
每股收益（稀释） 美元 | 1.36 美元 | 0.40 美元 | +240.00% |
答案基于本次 SEC 报告与本页数据