Booking Holdings Inc.

Booking Holdings Inc. reported strong financial results for fiscal year 2025, with total revenues of $26.92 billion and net income of $5.40 billion. The company generated operating income of $8.82 billion, representing a 32.8% operating margin. Key profitability drivers included effective cost management, with total operating expenses of $18.09 billion, and robust cash generation from operations of $9.41 billion. The balance sheet shows significant liquidity with $17.20 billion in cash and cash equivalents, though the company carries substantial debt of $18.74 billion (short-term and long-term combined). The company returned capital to shareholders through $6.44 billion in stock repurchases and $1.25 billion in dividends paid. These results demonstrate the company's ability to maintain profitability while investing in growth initiatives and returning value to shareholders.

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