⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Between the 2025 and 2026 10-K filings, Booking Holdings removed the "Risk Factors Summary" section while maintaining all five substantive risk disclosures unchanged. No new risk categories were added and no existing risk disclosures were substantively modified, indicating the company's risk profile remained stable year-over-year despite the structural reorganization.

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🔴 No Match in Current Filing

Risk Factors Summary

This section from the 2025 filing does not have a high-confidence textual match in the 2026 filing. It may have been removed, merged, or substantially reworded.

Industry and Business Risks •Adverse changes in market conditions for travel services; •The effects of competition; •Our ability to successfully manage growth and expand our global business; •Adverse changes in third-party relationships; •Our performance marketing efficiency and…

View 2025 text

Industry and Business Risks •Adverse changes in market conditions for travel services; •The effects of competition; •Our ability to successfully manage growth and expand our global business; •Adverse changes in third-party relationships; •Our performance marketing efficiency and the effectiveness of our marketing efforts; •Our ability to respond to and keep up with rapid technological or other market changes; •The development and use of generative AI ("Gen AI"); •Our ability to attract and retain qualified personnel; •Operational and technological infrastructure risks; Information Security, Cybersecurity, and Data Privacy Risks •Data privacy and cyberattack risks; •IT systems-related failures or security breaches; Tax Risks •Risks related to exposure to additional tax liabilities and maintaining tax benefits; Legal, Regulatory, Compliance, and Reputational Risks •Legal and regulatory risks; •Risks associated with the facilitation of payments; Financial Risks •Fluctuations in foreign currency exchange rates and other risks associated with doing business in multiple currencies and jurisdictions; •Risks of increased debt levels and stock price volatility; and 7 7 7 •Success of investments and acquisitions, including integration of acquired businesses.