Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Booking Holdings Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Booking Holdings Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The financial trajectory of the company is characterized by a substantial expansion of total liabilities and a transition from positive stockholders' equity to a deepening deficit over the observed period. Total liabilities grew from 18,891 million US dollars in March 2021 to 40,465 million US dollars by June 2026, reflecting a significant increase in both short-term operational obligations and long-term debt.
- Current Liabilities Trends
- Current liabilities exhibited a strong upward trend, rising from 6,468 million US dollars in March 2021 to 21,071 million US dollars in June 2026. A primary driver of this increase is the growth in deferred merchant bookings, which rose from 643 million US dollars to 10,121 million US dollars, displaying marked seasonality and overall growth. Additionally, accounts payable increased nearly tenfold, from 570 million US dollars to 5,145 million US dollars, suggesting an increase in operational volume and obligations to suppliers.
- Long-term Obligations and Debt
- Long-term liabilities increased from 12,423 million US dollars in March 2021 to 19,394 million US dollars in June 2026. This growth is predominantly attributed to long-term debt, which climbed from 9,930 million US dollars to 18,180 million US dollars. Conversely, the long-term U.S. transition tax liability saw a consistent decline, falling from 923 million US dollars to 257 million US dollars before becoming negligible in later periods.
- Stockholders' Equity and Capital Structure
- The stockholders' equity position underwent a significant reversal, moving from a positive balance of 4,764 million US dollars in March 2021 to a deficit of 10,783 million US dollars by June 2026. This deficit is primarily driven by an aggressive share repurchase strategy, as evidenced by treasury stock increasing from 24,274 million US dollars to 62,129 million US dollars in absolute terms. While retained earnings grew steadily from 23,233 million US dollars to 43,046 million US dollars, this growth was insufficient to offset the massive accumulation of treasury stock.
- Overall Financial Positioning
- The capital structure reflects a high degree of leverage. The simultaneous increase in total debt and the emergence of a significant equity deficit indicate a strategy of funding operations and shareholder returns through debt issuance and cash reserves rather than equity retention. The resulting negative equity position suggests that the company's total liabilities exceed its total assets.