# Booking Holdings Inc.: 10-K Risk Factor Changes 2026 vs 2025

> Source: U.S. Securities and Exchange Commission (EDGAR)  
> Generated: 2026-05-05  
> All data extracted directly from official filings. No hallucinated content.

> **[AI-Generated Summary]** The paragraph below was produced by a language
> model and may contain errors. All other content on this page is deterministically
> extracted from the original SEC filing.

> Booking Holdings' 2026 10-K Risk Factors section contains one section from 2025 that has no close textual match in the current filing: the Risk Factors Summary. All other matched risk factor sections between the two years are substantially similar, with no meaningful text differences identified across the five sections that have close matches.

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## Summary

| Status | Count |
|--------|-------|
| New risks added | 0 |
| Risks removed | 1 |
| Risks modified | 0 |
| Unchanged | 5 |

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## No Match in Current: Risk Factors Summary

*This section from the 2025 filing does not have a high-confidence textual match in 2026. 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 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.

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*Data sourced from SEC EDGAR. Last updated 2026-05-05.*