What move does the options market price into Booking's report?

Implied ±3.4%, either direction.

How often does Booking move more than the options market prices?

3 of the last 7 reports moved at least as far as the implied move.

BKNGNasdaqTransportation Services

Booking Holdings Inc. (BKNG) earnings date, market-implied expected move, and options open interest by expiry

148.51

Closed19:03 ET

Open152.97Volume8.4MMkt cap$111.3BP/E15.82EPS9.39Div yield1.11%

Day147.76 – 153.0314%52-wk146.28 – 219.223%

BKNG

Booking Holdings Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±3.4%implied · report alone

8Q avg ±2.9%·×1.17·rich

143.06153.20

straddle ±5.5%

spot 148.13exp Nov 6ATM strike 148ATM straddle 9.53IV 58%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 3

after close · in 2 days

confirmedQ3 FY26

Calendar

Next report

Last report

+6.56%

vs ±6.2% implied · ×1.06

shaded = implied · ▲▼ = realized

Aug 4 '26 · confirmed

Implied vs realized

Linked news

2dH · customerHyatt posts net income of $58 million for quarter, $206 million for nine months
3dAAL · customerThe Interaction Group Partners with American Airlines to Refresh Passenger Safety Briefing Cards
24dCHH · customerChoice Hotels International to Report Third Quarter 2026 Earnings on November 2, 2026

News

Largest filed tie

13F top-10 QoQ

+2412.49%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,931 managers

Top fund weight

3.44%

BKNG weight · XLY

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Booking (BKNG) reports on Nov 3 after close (confirmed date).

Implied vs realized

8 reports

3 of 7≥ implied

avg implied: ±4.9%
avg realized: ±3.3%

Oct 30 '24Oct 30 '24confirmed±4.5%▲+4.76%×1.06

Feb 20 '25Feb 20 '25confirmed±5.4%▼−0.55%×0.10

Apr 29 '25Apr 29 '25confirmed±4.9%▲+3.87%×0.79

Jul 29 '25Jul 29 '25confirmed±3.9%▲+0.40%×0.10

Q3 FY25Oct 28 '25confirmed±4.3%▼−0.87%×0.20

Feb 18 '26Feb 18 '26confirmed±4.9%▼−6.15%×1.26

Q1 FY26Apr 28 '26confirmed—▲+0.35%—

Q2 FY26Aug 4 '26confirmed±6.2%▲+6.56%×1.06

quarterimplied−10%0+10%realized×

Q2 FY26±6.2%▲+6.56%×1.06

Q1 FY26—▲+0.35%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.30OI · 10 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,768+11%Nov 65d9,216+21%

1,892+7%Nov 1312d1.391,359+6%1.39

9,6250%Nov 2019d0.5417,785+1%0.54

1,023+126%Nov 2726d2.18470+400%2.18

226+160%Dec 433d1.12202+226%1.12

5 later expiries

5—Dec 1140d1.005—1.00

40,1560%Dec 1847d0.67

ExpiryPutsCallsP/C

Nov 65d2,768+11%9,216+21%0.30

Nov 1312d1,892+7%1,359+6%1.39

Nov 2019d9,6250%17,785+1%0.54

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±5.5%

Funds 4

XLY±0.2%

QQQ±0.0%

VUG±0.0%

RSP±0.0%

Customers 2

H±2.3%×0.43

CHH±2.1%×0.39

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

26.52%as filednet margin · revenue +32.90% QoQ · +8.15% YoY

Revenue

$7.4B+32.90% QoQ

Merchant Revenue $5.1B

Agency Revenue $1.9B

Advertisingandotherrevenues $322M

Gross profit

$7.4B+32.90% QoQ

100.00% margin

Operating income

$2.5B+96.70% QoQ

34.00% margin

Pre-tax income

$2.6B+82.99% QoQ

Net income

$1.9B+80.06% QoQ

26.52% margin

Operating expenses

$4.9B+13.87% QoQ

Marketing $2.4B

SG&A $1.4B

Other operating $942M

Other operating $159M

Tax

$610M+93.04% QoQ

Other income

$60M−53.13% QoQ

Revenue$7.4B+32.90%

Merchant Revenue $5.1B · Agency Revenue $1.9B

Gross profit

$7.4B+32.90%

100.00% margin

Operating income

$2.5B+96.70%

34.00% margin

Pre-tax income

$2.6B+82.99%

Net income

$1.9B+80.06%

26.52% margin

Cost of revenue

Operating expenses

$4.9B+13.87%

Marketing $2.4B

SG&A $1.4B

Other operating $942M

Other income$60M−53.13%

Tax$610M+93.04%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:00 ET

Intraday

Event sensitivity

PPI ×1.47· ±2.0% vs ±1.4% · 11 releases

eventrelease day|move|up · n×base

PPIproducer prices±2.0%6 of 11×1.47

PCEpersonal income & outlays±1.8%10 of 20×1.27

GDPgross domestic product±1.5%13 of 20×1.08

NFPjobs report±1.3%4 of 10×0.95

FOMCrate decision±1.2%12 of 25×0.90

CPROFcorporate profits±1.1%7 of 12×0.80

CPIconsumer prices±1.0%4 of 11×0.75

Bar = avg |move| to ±3% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 2.53 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 4 '26 · confirmed	2.53	—
Q1 FY26	Apr 28 '26 · confirmed	1.36	—
Q3 FY25	Oct 28 '25 · confirmed	84.41	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod