Booking Holdings Inc.
BKNG Consumer Cyclical Travel Services
Booking Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 13.4% from fiscal 2024. In the quarter to June 2026, revenue grew 8.15%, EPS grew 130.6%, free cash flow grew 16.1% and total debt rose 9.25%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five.
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Booking Holdings Inc. (BKNG) Debt to equity
Booking Holdings Inc.'s debt to equity at the end of the quarter to 30 June 2026 was −1.9×, up 1.5× from fiscal 2025 (−3.4×). Over the past ten years it has ranged from −5.4× (fiscal 2023) to 4.7× (fiscal 2022); the current reading is higher than 27% of that period. That is below the Travel Services industry median of 0.2× and below the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | −3.4× | — |
| FY2024 | −4.2× | — |
| FY2023 | −5.4× | — |
| FY2022 | 4.7× | 149.38% |
| FY2021 | 1.9× | (28.06%) |
| FY2020 | 2.6× | 62.58% |
| FY2019 | 1.6× | 45.57% |
| FY2018 | 1.1× | 16.76% |
| FY2017 | 1.0× | 31.10% |
| FY2016 | 0.7× | 4.23% |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | −1.9× | — |
| Mar 2026 | −2.1× | — |
| Dec 2025 | −3.4× | — |
| Sep 2025 | −3.6× | — |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| MMYT MakeMyTrip Limited compare | −24.2× |
| BKNG Booking Holdings Inc. | −1.9× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 0.2× |
| ABNB Airbnb, Inc. compare | 0.3× |
| CCL Carnival Corporation compare | 1.7× |
| RCL Royal Caribbean Cruises Ltd. compare | 2.2× |
| EXPE Expedia Group, Inc. compare | 2.2× |
| VIK Viking Holdings Ltd. compare | 3.7× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 5.8× |
| Travel Services industry median | 0.2× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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