NASDAQ : BKNG
Booking Holdings Inc. — Financial statements
Consumer Discretionary · Travel Services · United States
Last price 148.13 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 111.30B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Booking Holdings Inc. (BKNG) reported revenue of 28.24B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 28.24B | 26.92B | 23.74B | 21.36B | 17.09B | 10.96B |
| Cost of Revenue | 3.61B | 3.40B | 3.35B | 3.29B | 2.46B | 2.18B |
| Gross Profit | 24.63B | 23.51B | 20.39B | 18.07B | 14.62B | 8.78B |
| Selling, General & Admin | 14.18B | 13.36B | 11.87B | 11.64B | 9.27B | 5.71B |
| Other Operating Expenses | 45.00M | 45.00M | 337.00M | 41.00M | 13.00M | |
| Operating Expenses | 14.79B | 14.03B | 12.80B | 12.15B | 9.76B | 6.15B |
| Operating Income | 9.84B | 9.49B | 7.59B | 5.92B | 4.86B | 2.63B |
| Interest Expense | -1.10B | -1.62B | -1.29B | -897.00M | -391.00M | -334.00M |
| Interest & Investment Income | 834.00M | 921.00M | 1.11B | 1.02B | 219.00M | 16.00M |
| Currency Exchange Gain (Loss) | 400.00M | -1.49B | 383.00M | -348.00M | -43.00M | 111.00M |
| Other Non Operating Income (Expenses) | 11.00M | 173.00M | -528.00M | 2.00M | -1.00M | -13.00M |
| EBT Excluding Unusual Items | 9.98B | 7.47B | 7.26B | 5.70B | 4.65B | 2.41B |
| Merger & Restructuring Charges | -190.00M | -205.00M | -34.00M | -90.00M | ||
| Impairment of Goodwill | -180.00M | -180.00M | ||||
| Gain (Loss) on Sale of Investments | -110.00M | 46.00M | 63.00M | -131.00M | -963.00M | -569.00M |
| Gain (Loss) on Sale of Assets | 240.00M | |||||
| Asset Writedown | -277.00M | -277.00M | ||||
| Legal Settlements | 89.00M | |||||
| Other Unusual Items | -25.00M | -25.00M | -378.00M | |||
| Pretax Income | 9.29B | 6.83B | 7.29B | 5.48B | 3.92B | 1.47B |
| Income Tax Expense | 2.08B | 1.43B | 1.41B | 1.19B | 865.00M | 300.00M |
| Net Income | 7.21B | 5.40B | 5.88B | 4.29B | 3.06B | 1.17B |
| Net Income to Common | 7.21B | 5.40B | 5.88B | 4.29B | 3.06B | 1.17B |
| Shares Outstanding (Basic) | 792.30M | 811.30M | 840.55M | 903.50M | 996.80M | 1.03B |
| Shares Outstanding (Diluted) | 796.48M | 815.98M | 851.60M | 913.25M | 1.00B | 1.03B |
| EPS (Basic) | 9.10 | 6.66 | 7.00 | 4.75 | 3.07 | 1.14 |
| EPS (Diluted) | 9.05 | 6.62 | 6.91 | 4.70 | 3.05 | 1.13 |
| Free Cash Flow | 9.54B | 9.09B | 7.89B | 7.00B | 6.19B | 2.52B |
| Free Cash Flow Per Share | 11.98 | 11.14 | 9.27 | 7.66 | 6.18 | 2.43 |
| Dividend Per Share | 1.61 | 1.54 | 1.40 | |||
| Gross Margin | 87.23% | 87.36% | 85.87% | 84.58% | 85.58% | 80.12% |
| Operating Margin | 34.85% | 35.24% | 31.97% | 27.73% | 28.45% | 24.02% |
| Profit Margin | 25.53% | 20.08% | 24.78% | 20.08% | 17.89% | 10.63% |
| Free Cash Flow Margin | 33.78% | 33.76% | 33.25% | 32.76% | 36.20% | 22.96% |
| EBITDA | 10.41B | 10.11B | 8.18B | 6.43B | 5.31B | 3.05B |
| EBITDA Margin | 36.87% | 37.56% | 34.46% | 30.09% | 31.09% | 27.86% |
| D&A For EBITDA | 571.00M | 623.00M | 591.00M | 504.00M | 451.00M | 421.00M |
| EBIT | 9.84B | 9.49B | 7.59B | 5.92B | 4.86B | 2.63B |
| EBIT Margin | 34.85% | 35.24% | 31.97% | 27.73% | 28.45% | 24.02% |
| Effective Tax Rate | 22.41% | 20.90% | 19.34% | 21.75% | 22.05% | 20.48% |
| Revenue as Reported | 28.24B | 26.92B | 23.74B | 21.36B | 17.09B | 10.96B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.21B | 17.20B | 16.16B | 12.11B | 12.22B | 11.13B |
| Short-Term Investments | 576.00M | 175.00M | 25.00M | |||
| Cash & Short-Term Investments | 17.21B | 17.20B | 16.16B | 12.68B | 12.40B | 11.15B |
| Receivables | 4.34B | 3.82B | 3.20B | 3.25B | 2.23B | 1.36B |
| Prepaid Expenses | 601.00M | 611.00M | 587.00M | 644.00M | 477.00M | 404.00M |
| Restricted Cash | 294.00M | 30.00M | 25.00M | |||
| Other Current Assets | 607.00M | 630.00M | 541.00M | 454.00M | 666.00M | 206.00M |
| Total Current Assets | 23.06B | 22.26B | 20.49B | 17.03B | 15.80B | 13.14B |
| Property, Plant & Equipment | 1.36B | 1.44B | 1.39B | 1.49B | 1.31B | 1.32B |
| Long-Term Investments | 448.00M | 582.00M | 536.00M | 440.00M | 2.79B | 3.17B |
| Goodwill | 2.67B | 2.67B | 2.80B | 2.83B | 2.81B | 2.89B |
| Other Intangible Assets | 852.00M | 918.00M | 1.38B | 1.61B | 1.83B | 2.06B |
| Long-Term Deferred Tax Assets | 940.00M | 662.00M | 675.00M | 613.00M | 554.00M | |
| Other Long-Term Assets | 1.29B | 452.00M | 447.00M | 265.00M | 211.00M | 505.00M |
| Total Assets | 29.68B | 29.26B | 27.71B | 24.34B | 25.36B | 23.64B |
| Accounts Payable | 5.14B | 5.09B | 3.82B | 3.37B | 2.51B | 1.59B |
| Accrued Expenses | 3.62B | 3.29B | 3.02B | 3.56B | 2.19B | 1.43B |
| Current Portion of Long-Term Debt | 2.00B | 1.88B | 1.75B | 1.96B | 500.00M | 1.99B |
| Current Portion of Leases | 136.00M | 121.00M | 148.00M | 186.00M | 146.00M | 147.00M |
| Current Income Taxes Payable | 928.00M | 905.00M | 1.00B | 880.00M | 181.00M | |
| Current Unearned Revenue | 78.00M | 150.00M | ||||
| Other Current Liabilities | 10.18B | 5.31B | 5.85B | 3.25B | 2.25B | 917.00M |
| Total Current Liabilities | 21.07B | 16.70B | 15.65B | 13.33B | 8.47B | 6.25B |
| Long-Term Debt | 18.18B | 16.86B | 14.85B | 12.22B | 11.98B | 8.94B |
| Long-Term Leases | 608.00M | 557.00M | 490.00M | 633.00M | 584.00M | 357.00M |
| Long-Term Deferred Tax Liabilities | 17.00M | 289.00M | 258.00M | 685.00M | 905.00M | |
| Other Long-Term Liabilities | 606.00M | 714.00M | 449.00M | 642.00M | 851.00M | 1.02B |
| Total Liabilities | 40.47B | 34.84B | 31.73B | 27.09B | 22.58B | 17.46B |
| Common Stock | 13.00M | 1.00M | ||||
| Additional Paid-In Capital | 8.63B | 8.36B | 7.71B | 7.17B | 6.49B | 6.16B |
| Retained Earnings | 43.05B | 40.67B | 36.52B | 31.83B | 27.54B | 24.45B |
| Treasury Stock | -62.13B | -54.31B | -47.88B | -41.43B | -30.98B | -24.29B |
| Comprehensive Income & Other | -348.00M | -290.00M | -375.00M | -323.00M | -267.00M | -144.00M |
| Shareholders' Equity | -10.78B | -5.58B | -4.02B | -2.74B | 2.78B | 6.18B |
| Total Liabilities & Equity | 29.68B | 29.26B | 27.71B | 24.34B | 25.36B | 23.64B |
| Total Debt | 20.92B | 19.41B | 17.24B | 15.00B | 13.21B | 11.43B |
| Net Cash (Debt) | -3.41B | -1.78B | -681.00M | -2.01B | 1.25B | 2.57B |
| Net Cash Per Share | -4.29 | -2.19 | -0.80 | -2.20 | 1.25 | 2.49 |
| Filing Date Shares Outstanding | 751.38M | 791.83M | 820.38M | 854.28M | 941.21M | 1.02B |
| Total Common Shares Outstanding | 758.00M | 797.35M | 823.67M | 859.94M | 946.57M | 1.03B |
| Working Capital | 1.99B | 5.57B | 4.84B | 3.70B | 7.32B | 6.90B |
| Book Value Per Share | -14.23 | -7.00 | -4.88 | -3.19 | 2.94 | 6.02 |
| Tangible Book Value | -14.31B | -9.16B | -8.20B | -7.18B | -1.85B | 1.23B |
| Tangible Book Value Per Share | -18.87 | -11.49 | -9.96 | -8.35 | -1.96 | 1.20 |
| Machinery | 811.00M | 759.00M | 679.00M | 816.00M | 789.00M | |
| Construction In Progress | 328.00M | |||||
| Leasehold Improvements | 202.00M | 216.00M | 228.00M | 277.00M | 268.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.21B | 5.40B | 5.88B | 4.29B | 3.06B | 1.17B |
| Depreciation & Amortization | 715.00M | 768.00M | 751.00M | 665.00M | 607.00M | 599.00M |
| Other Amortization | 360.00M | 796.00M | ||||
| Loss (Gain) From Sale of Assets | -240.00M | |||||
| Asset Writedown & Restructuring Costs | 457.00M | 457.00M | ||||
| Loss (Gain) From Sale of Investments | 112.00M | -46.00M | -63.00M | 131.00M | 963.00M | 569.00M |
| Stock-Based Compensation | 601.00M | 617.00M | 599.00M | 530.00M | 404.00M | 376.00M |
| Provision & Write-off of Bad Debts | 427.00M | 416.00M | 412.00M | 330.00M | 232.00M | 109.00M |
| Other Operating Activities | -502.00M | 898.00M | -421.00M | -310.00M | -265.00M | -267.00M |
| Change in Accounts Receivable | -447.00M | -730.00M | -506.00M | -1.33B | -1.23B | -1.00B |
| Change in Other Net Operating Assets | 1.29B | 1.26B | 873.00M | 3.04B | 3.02B | 1.27B |
| Operating Cash Flow | 9.86B | 9.41B | 8.32B | 7.34B | 6.55B | 2.82B |
| Capital Expenditures | -320.00M | -322.00M | -429.00M | -345.00M | -368.00M | -304.00M |
| Cash Acquisitions | -1.19B | |||||
| Investment in Securities | 557.00M | 1.83B | -736.00M | 491.00M | ||
| Other Investing Activities | -10.00M | 9.00M | 1.00M | 3.00M | 586.00M | |
| Investing Cash Flow | -330.00M | -313.00M | 129.00M | 1.49B | -518.00M | -998.00M |
| Long-Term Debt Issued | 3.68B | 4.84B | 1.89B | 3.62B | 2.02B | |
| Total Debt Issued | 4.70B | 3.68B | 4.84B | 1.89B | 3.62B | 2.02B |
| Long-Term Debt Repaid | -4.97B | -1.31B | -500.00M | -1.88B | -3.07B | |
| Total Debt Repaid | -2.52B | -4.97B | -1.31B | -500.00M | -1.88B | -3.07B |
| Net Debt Issued (Repaid) | 2.18B | -1.29B | 3.52B | 1.39B | 1.74B | -1.05B |
| Issuance of Common Stock | 15.00M | 15.00M | 14.00M | 134.00M | 7.00M | 5.00M |
| Repurchase of Common Stock | -10.53B | -6.44B | -6.51B | -10.38B | -6.62B | -163.00M |
| Common Dividends Paid | -1.28B | -1.25B | -1.17B | |||
| Other Financing Activities | 243.00M | 47.00M | -59.00M | -59.00M | -24.00M | -28.00M |
| Financing Cash Flow | -9.37B | -8.91B | -4.20B | -8.91B | -4.90B | -1.24B |
| Foreign Exchange Rate Adjustments | -287.00M | 895.00M | -190.00M | -37.00M | -40.00M | -13.00M |
| Net Cash Flow | -129.00M | 1.08B | 4.06B | -116.00M | 1.10B | 570.00M |
| Free Cash Flow | 9.54B | 9.09B | 7.89B | 7.00B | 6.19B | 2.52B |
| Free Cash Flow Margin | 33.78% | 33.76% | 33.25% | 32.76% | 36.20% | 22.96% |
| Free Cash Flow Per Share | 11.98 | 11.14 | 9.27 | 7.66 | 6.18 | 2.43 |
| Levered Free Cash Flow | 7.73B | 6.55B | 8.25B | 6.40B | 5.75B | 3.09B |
| Unlevered Free Cash Flow | 8.42B | 7.20B | 8.26B | 6.96B | 5.99B | 3.29B |
| Cash Interest Paid | 1.12B | 1.10B | 953.00M | 842.00M | 380.00M | 318.00M |
| Cash Income Tax Paid | 2.38B | 2.28B | 1.93B | 1.79B | 600.00M | 735.00M |
| Change in Working Capital | 840.00M | 535.00M | 367.00M | 1.71B | 1.79B | 269.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 115.52B | 172.62B | 164.44B | 123.76B | 78.17B | 98.52B |
| Enterprise Value | 118.94B | 173.36B | 165.33B | 123.87B | 76.61B | 95.01B |
| Last Close Price | 153.75 | 212.68 | 195.86 | 138.60 | 78.74 | 93.75 |
| PE Ratio | 16.99 | 31.94 | 27.96 | 28.86 | 25.56 | 84.57 |
| Forward PE | 13.81 | 20.80 | 24.45 | 20.64 | 16.86 | 26.57 |
| PS Ratio | 4.09 | 6.41 | 6.93 | 5.79 | 4.57 | 8.99 |
| PB Ratio | -30.95 | -40.91 | -45.10 | 28.10 | 15.95 | |
| P/TBV Ratio | 79.84 | |||||
| P/FCF Ratio | 12.11 | 19.00 | 20.83 | 17.68 | 12.64 | 39.16 |
| P/OCF Ratio | 11.72 | 18.35 | 19.76 | 16.85 | 11.93 | 34.94 |
| PEG Ratio | 0.78 | 1.27 | 1.48 | 1.01 | 0.61 | 2.13 |
| EV/Sales Ratio | 4.21 | 6.44 | 6.96 | 5.80 | 4.48 | 8.67 |
| EV/EBITDA Ratio | 11.42 | 17.15 | 20.21 | 19.27 | 14.42 | 31.12 |
| EV/EBIT Ratio | 12.08 | 18.27 | 21.79 | 20.91 | 15.76 | 36.10 |
| EV/FCF Ratio | 12.47 | 19.08 | 20.94 | 17.70 | 12.38 | 37.76 |
| Debt / Equity Ratio | -1.94 | -3.48 | -4.29 | -5.47 | 4.75 | 1.85 |
| Debt / EBITDA Ratio | 1.96 | 1.87 | 2.04 | 2.24 | 2.39 | 3.48 |
| Debt / FCF Ratio | 2.19 | 2.14 | 2.18 | 2.14 | 2.14 | 4.54 |
| Net Debt / Equity Ratio | -0.32 | -0.32 | -0.17 | -0.73 | -0.45 | -0.42 |
| Net Debt / EBITDA Ratio | 0.33 | 0.18 | 0.08 | 0.31 | -0.24 | -0.84 |
| Net Debt / FCF Ratio | 0.36 | 0.20 | 0.09 | 0.29 | -0.20 | -1.02 |
| Asset Turnover | 0.94 | 0.94 | 0.91 | 0.86 | 0.70 | 0.48 |
| Quick Ratio | 1.02 | 1.26 | 1.24 | 1.20 | 1.73 | 2.00 |
| Current Ratio | 1.09 | 1.33 | 1.31 | 1.28 | 1.86 | 2.10 |
| Return on Equity (ROE) | 22,573.68% | 68.26% | 21.05% | |||
| Return on Assets (ROA) | 20.38% | 20.82% | 18.22% | 14.90% | 12.40% | 7.23% |
| Return on Invested Capital (ROIC) | 92.45% | 60.94% | 53.06% | 63.46% | 75.37% | 32.64% |
| Return on Capital Employed (ROCE) | 114.30% | 75.50% | 62.90% | 53.80% | 28.80% | 15.10% |
| Earnings Yield | 5.88% | 3.13% | 3.58% | 3.47% | 3.91% | 1.18% |
| FCF Yield | 8.26% | 5.26% | 4.80% | 5.66% | 7.91% | 2.55% |
| Dividend Yield | 1.09% | 0.71% | 0.70% | |||
| Payout Ratio | 18.57% | 23.09% | 19.96% | |||
| Buyback Yield / Dilution | 4.16% | 4.18% | 6.75% | 8.79% | 3.17% | -0.49% |
| Total Shareholder Return | 5.25% | 4.89% | 7.45% | 8.79% | 3.17% | -0.49% |