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.
- Revenue
- −1.28%
- EPS
- +6.73%
- Free cash flow
- −22.0%
- Total debt
- +18.0%
Quarter to September 2026, against a year earlier
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Booking Holdings Inc. (BKNG) EV/EBITDA
As of 5 November 2026, Booking Holdings Inc. (BKNG) trades at a EV/EBITDA of 13.3×. Over the past ten years it has ranged from 0.5× (January 2015) to 276× (April 2021); the current reading is higher than 6% of that period. That is in line with the Travel Services industry median of 13.3× and above the Consumer Cyclical sector median of 9.8×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 17.9× | (4.71%) |
| FY2024 | 18.8× | (6.95%) |
| FY2023 | 20.2× | 36.81% |
| FY2022 | 14.7× | (56.61%) |
| FY2021 | 34.0× | (67.58%) |
| FY2020 | 105× | 577.35% |
| FY2019 | 15.5× | 4.53% |
| FY2018 | 14.8× | (18.86%) |
| FY2017 | 18.2× | 1.58% |
| FY2016 | 18.0× | (5.50%) |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 12.9× | (9.21%) |
| Jun 2026 | 14.2× | 2.27% |
| Mar 2026 | 13.9× | (22.37%) |
| Dec 2025 | 17.9× | 5.05% |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| EXPE Expedia Group, Inc. compare | 8.2× |
| CCL Carnival Corporation compare | 8.5× |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 8.6× |
| TCOM Trip.com Group Limited Sponsored ADR compare | 12.8× |
| BKNG Booking Holdings Inc. | 13.3× |
| RCL Royal Caribbean Cruises Ltd. compare | 15.0× |
| VIK Viking Holdings Ltd. compare | 21.1× |
| ABNB Airbnb, Inc. compare | 29.5× |
| MMYT MakeMyTrip Limited compare | 34.8× |
| Travel Services industry median | 13.3× |
| Consumer Cyclical sector median | 9.8× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BKNG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement