Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Booking Holdings Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	17,203)	16,509)	17,595)	15,578)	16,164)	15,775)	16,290)	15,629)	12,107)	13,294)	14,602)	14,140)	12,221)	9,021)	11,841)	10,549)	11,127)	11,643)	11,231)	12,151)
Short-term investments	—)	—)	—)	—)	—)	—)	37)	362)	576)	624)	640)	359)	175)	116)	—)	—)	—)	—)	—)	—)
Accounts receivable, net of allowance for expected credit losses	3,820)	4,013)	4,370)	3,290)	3,199)	3,649)	3,814)	3,296)	3,253)	3,447)	2,805)	2,048)	2,229)	2,284)	2,249)	1,611)	1,358)	1,555)	1,290)	586)
Prepaid expenses, net	611)	579)	626)	530)	587)	490)	670)	737)	644)	680)	849)	655)	477)	612)	492)	395)	404)	394)	332)	286)
Other current assets	630)	602)	672)	552)	541)	615)	482)	452)	454)	434)	453)	430)	696)	377)	342)	320)	256)	760)	936)	1,085)
Current assets	22,264)	21,703)	23,263)	19,950)	20,491)	20,529)	21,293)	20,476)	17,034)	18,479)	19,349)	17,632)	15,798)	12,410)	14,924)	12,875)	13,145)	14,352)	13,789)	14,108)
Property and equipment, net	807)	817)	848)	857)	832)	882)	875)	805)	784)	733)	732)	699)	669)	879)	858)	844)	822)	762)	748)	734)
Operating lease assets	632)	605)	593)	555)	559)	600)	637)	663)	705)	643)	608)	622)	645)	402)	445)	487)	496)	445)	457)	480)
Intangible assets, net	918)	961)	1,291)	1,333)	1,382)	1,450)	1,498)	1,553)	1,613)	1,660)	1,722)	1,777)	1,829)	1,855)	1,925)	1,997)	2,057)	1,677)	1,725)	1,762)
Goodwill	2,669)	2,669)	2,855)	2,816)	2,799)	2,838)	2,814)	2,815)	2,826)	2,804)	2,821)	2,816)	2,807)	2,808)	2,842)	2,878)	2,887)	1,872)	1,886)	1,882)
Long-term investments	582)	651)	559)	538)	536)	500)	468)	443)	440)	420)	440)	806)	2,789)	2,650)	2,381)	2,200)	3,175)	3,283)	4,319)	3,788)
Other assets, net	1,392)	1,346)	1,275)	1,142)	1,109)	1,179)	956)	973)	940)	896)	886)	854)	824)	1,059)	1,118)	1,103)	1,059)	950)	957)	901)
Long-term assets	7,000)	7,049)	7,421)	7,241)	7,217)	7,449)	7,248)	7,252)	7,308)	7,156)	7,209)	7,574)	9,563)	9,653)	9,569)	9,509)	10,496)	8,989)	10,092)	9,547)
Total assets	29,264)	28,752)	30,684)	27,191)	27,708)	27,978)	28,541)	27,728)	24,342)	25,635)	26,558)	25,206)	25,361)	22,063)	24,493)	22,384)	23,641)	23,341)	23,881)	23,655)

The company’s total assets exhibited volatility throughout the analyzed period, spanning from March 31, 2021, to December 31, 2025. An initial decrease in total assets occurred between March 31, 2021, and December 31, 2021, followed by a period of growth through June 30, 2022. Subsequently, assets declined before increasing significantly by December 31, 2022, and continuing to rise through June 30, 2025, with a slight decrease by the end of 2025.

Cash and Cash Equivalents: Cash and cash equivalents demonstrated considerable fluctuation. A general downward trend was observed from March 31, 2021, to December 31, 2022, before increasing substantially to reach a peak of US$17,595 million in June 30, 2025. A slight decrease was noted at the end of the period. This suggests active cash management and potentially strategic deployment of funds.
Short-Term Investments: Short-term investments were largely absent until September 30, 2022, after which they appeared intermittently, peaking at US$640 million in June 30, 2023, and declining to negligible amounts by September 30, 2025. This indicates a potentially opportunistic approach to short-term investment, utilized when favorable conditions existed.
Accounts Receivable: Accounts receivable exhibited a consistent upward trend from March 31, 2021, to June 30, 2023, indicating growing revenue or changes in collection policies. The growth slowed in the latter half of 2023 and into 2024, with a slight decline at the end of the period. This could be attributed to improved collection efficiency or a seasonal slowdown in business activity.
Prepaid Expenses: Prepaid expenses generally increased from March 31, 2021, to June 30, 2023, suggesting increased upfront payments for services or goods. A decrease was observed in the latter half of 2023 and into 2024, potentially reflecting a reduction in such upfront payments or the recognition of previously prepaid expenses.
Other Current Assets: Other current assets showed variability throughout the period. A decline was observed from March 31, 2021, to December 31, 2021, followed by fluctuations. A notable increase occurred in September 30, 2024, before decreasing slightly by the end of 2025. The composition of these "other" assets warrants further investigation.
Long-Term Assets: Long-term assets demonstrated a fluctuating pattern. Property and equipment, net, remained relatively stable, with a significant decrease observed in December 31, 2022, potentially due to depreciation or asset disposals. Intangible assets and goodwill remained substantial throughout the period, with goodwill showing minimal change. Long-term investments fluctuated, decreasing from 2021 to 2023 before increasing again. Other long-term assets showed a general upward trend.

Overall, the asset composition suggests a dynamic financial strategy. The company actively manages its cash position, utilizes short-term investments opportunistically, and experiences growth in accounts receivable alongside fluctuations in prepaid expenses and other current assets. Long-term assets remain a significant component of the balance sheet, with consistent levels of intangible assets and goodwill.

Booking Holdings Inc. (NASDAQ:BKNG)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Booking Holdings Inc. (NASDAQ:BKNG)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data