Cash, cash equivalents, and short-term investments totaled $12.1 billion as of June 30, 2026
Funds held for bookings in advance of guest check-ins totaled $12.2 billion as of June 30, 2026
Company repurchased 7.9 million shares for $1.1 billion in Q2 2026, with $3.4 billion remaining under authorization
2022 Credit Facility provides $1.0 billion of undrawn commitments
the finding
The disclosure now specifies the $6.0 billion authorization amount and board approval date, relevant to the repurchase authorization noted in the reason.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · risk factors · 2026-03-31 → 2026-06-30
“Share repurchases under the share repurchase programs may be made through a variety of methods”
→ after
“In August 2025, our board of directors approved a new share repurchase program with an authorization to purchase up to $6.0 billion of our Class A common stock.”
the evidence · every sentence checkedfive sentences · whole, uncut
the claims it rests on
“Cash, cash equivalents, and short-term investments totaled $12.1 billion as of June 30, 2026”
“Funds held for bookings in advance of guest check-ins totaled $12.2 billion as of June 30, 2026”
“Company repurchased 7.9 million shares for $1.1 billion in Q2 2026, with $3.4 billion remaining under authorization”
“2022 Credit Facility provides $1.0 billion of undrawn commitments”
what it was checked against
share repurchase activity and remaining authorization
“During the three months ended June 30, 2026, we repurchased 7.9 million shares of Class A common stock for $1.1 billion, leaving $3.4 billion available to repurchase under our share repurchase program.”