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

164.33 4.39 −2.60%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Booking Holdings Inc. (BKNG) trades at a price to free cash flow of 13.6×. Over the past ten years it has ranged from 0.0× (June 2021) to 99.5× (September 2021); the current reading is higher than 13% of that period. That is in line with the Travel Services industry median of 13.1× and above the Consumer Cyclical sector median of 12.9×.

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
Sep 2026 13.2× (7.82%)
Jun 2026 14.4× (2.57%)
Mar 2026 14.7× (22.99%)
Dec 2025 19.1× (9.10%)
43 more quarters

Against its own ten years

Low 0.0× High 99.5×
Ten-year median 19.1×
Current reading's percentile 13

Price to free cash flow against peers

Company Price to free cash flow
NCLH Norwegian Cruise Line Holdings Ltd. compare n/m
TCOM Trip.com Group Limited Sponsored ADR compare 3.5×
EXPE Expedia Group, Inc. compare 8.8×
CCL Carnival Corporation compare 12.6×
BKNG Booking Holdings Inc. 13.6×
ABNB Airbnb, Inc. compare 20.3×
VIK Viking Holdings Ltd. compare 33.5×
MMYT MakeMyTrip Limited compare 42.9×
RCL Royal Caribbean Cruises Ltd. compare 57.0×
Travel Services industry median 13.1×
Consumer Cyclical sector median 12.9×
Market median 14.1×

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)))

The full definition of Price to free cash flow →

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