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) Price to free cash flow
As of 16 October 2026, Booking Holdings Inc. (BKNG) trades at a price to free cash flow of 13.2×. Over the past ten years it has ranged from 0.0× (June 2021) to 99.5× (September 2021); the current reading is higher than 10% of that period. That is above the Travel Services industry median of 11.4× and in line with the Consumer Cyclical sector median of 13.0×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 19.1× | (9.62%) |
| FY2024 | 21.2× | 17.75% |
| FY2023 | 18.0× | 37.20% |
| FY2022 | 13.1× | (66.53%) |
| FY2021 | 39.1× | — |
| FY2020 | 0.0× | — |
| FY2019 | 19.7× | 17.87% |
| FY2018 | 16.7× | (16.50%) |
| FY2017 | 20.0× | 2.91% |
| FY2016 | 19.4× | (9.38%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 14.4× | (2.57%) |
| Mar 2026 | 14.7× | (22.99%) |
| Dec 2025 | 19.1× | (9.05%) |
| Sep 2025 | 21.0× | 3.33% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| NCLH Norwegian Cruise Line Holdings Ltd. compare | n/m |
| RCL Royal Caribbean Cruises Ltd. compare | n/m |
| TCOM Trip.com Group Limited Sponsored ADR compare | 3.2× |
| EXPE Expedia Group, Inc. compare | 7.8× |
| CCL Carnival Corporation compare | 11.1× |
| BKNG Booking Holdings Inc. | 13.2× |
| ABNB Airbnb, Inc. compare | 21.4× |
| VIK Viking Holdings Ltd. compare | 32.3× |
| MMYT MakeMyTrip Limited compare | 39.6× |
| Travel Services industry median | 11.4× |
| Consumer Cyclical sector median | 13.0× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- 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