stockrowBooking 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) Operating margin
Booking Holdings Inc.'s operating margin over the twelve months to 30 September 2026 was 32.8%, down 0.0 percentage points from fiscal 2025 (32.8%). Over the past ten years it has ranged from −9.28% (fiscal 2020) to 36.8% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Travel Services industry median of 15.6% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 32.8% | 0.96 |
| FY2024 | 31.8% | 4.52 |
| FY2023 | 27.3% | (2.54) |
| FY2022 | 29.9% | 7.07 |
| FY2021 | 22.8% | 32.06 |
| FY2020 | −9.28% | (44.76) |
| FY2019 | 35.5% | (1.29) |
| FY2018 | 36.8% | 0.98 |
| FY2017 | 35.8% | 8.74 |
| FY2016 | 27.1% | (8.28) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 38.4% | 4.43 |
| Jun 2026 | 34.0% | 11.02 |
| Mar 2026 | 23.0% | (8.99) |
| Dec 2025 | 32.0% | (6.70) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BKNG Booking Holdings Inc. | 32.8% |
| RCL Royal Caribbean Cruises Ltd. compare | 27.6% |
| VIK Viking Holdings Ltd. compare | 23.3% |
| ABNB Airbnb, Inc. compare | 22.5% |
| EXPE Expedia Group, Inc. compare | 17.2% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 16.1% |
| CCL Carnival Corporation compare | 16.0% |
| MMYT MakeMyTrip Limited compare | 15.2% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 13.9% |
| Travel Services industry median | 15.6% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BKNG
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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