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

164.25 4.47 −2.65%
Market cap
$125.5B
P/E
18.0×
Fwd P/E
14.1×
Dividend yield
0.98%
F-score
6/9
Altman Z
7.08
Beneish M
−2.97
Dividend safety
81/100

Booking Holdings Inc. (BKNG) EV/EBITDA

Alert me on 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

Against its own ten years

Low 0.5× High 276×
Ten-year median 18.4×
Current reading's percentile 6

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)

The full definition of EV/EBITDA →

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