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.

163.45 2.35 −1.42%
Market cap
$124.6B
P/E
18.0×
Fwd P/E
15.9×
Dividend yield
1.01%
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 16 October 2026, Booking Holdings Inc. (BKNG) trades at a EV/EBITDA of 13.0×. Over the past ten years it has ranged from 0.5× (January 2015) to 276× (April 2021); the current reading is higher than 5% of that period. That is in line with the Travel Services industry median of 13.5× and above the Consumer Cyclical sector median of 9.3×.

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
Jun 2026 14.2× 2.27%
Mar 2026 13.9× (22.37%)
Dec 2025 17.9× 5.10%
Sep 2025 17.0× (9.97%)
42 more quarters

Against its own ten years

Low 0.5× High 276×
Ten-year median 18.4×
Current reading's percentile 5

EV/EBITDA against peers

Company EV/EBITDA
CCL Carnival Corporation compare 7.8×
NCLH Norwegian Cruise Line Holdings Ltd. compare 7.9×
EXPE Expedia Group, Inc. compare 8.5×
TCOM Trip.com Group Limited Sponsored ADR compare 11.3×
BKNG Booking Holdings Inc. 13.0×
RCL Royal Caribbean Cruises Ltd. compare 13.8×
VIK Viking Holdings Ltd. compare 20.4×
MMYT MakeMyTrip Limited compare 32.5×
ABNB Airbnb, Inc. compare 34.8×
Travel Services industry median 13.5×
Consumer Cyclical sector median 9.3×
Market median 11.0×

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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