Sunday 1 November 2026
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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
- +8.15%
- EPS
- +130.6%
- Free cash flow
- +16.1%
- Total debt
- +9.25%
Quarter to June 2026, against a year earlier
148.13
2.30
−1.53%
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Booking Holdings Inc. (BKNG) revenue by segment, product and region
Where the money comes from and where it goes
| Reportable Segment | 26,917 | 100.00% |
|---|---|---|
| Gross margin | 100.00% | |
| Operating margin | 32.79% | |
| Pre-tax margin | 25.38% |
Revenue by product or service $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Merchant revenues | 17,755 65.96% | 14,142 59.57% | 10,936 51.19% | 7,193 42.09% | 3,696 33.73% | 2,117 31.15% | 3,830 25.42% | 2,987 20.56% | 2,133 16.82% |
| Agency revenues | 7,968 29.60% | 8,524 35.91% | 9,414 44.06% | 9,003 52.68% | 6,663 60.80% | 4,314 63.48% | 10,117 67.15% | 10,480 72.14% | 9,714 76.60% |
| Advertising and other revenues | 1,194 4.44% | 1,073 4.52% | 1,015 4.75% | 894 5.23% | 599 5.47% | 365 5.37% | 1,119 7.43% | 1,060 7.30% | 834 6.58% |
| Revenue | 26,917 | 23,739 | 21,365 | 17,090 | 10,958 | 6,796 | 15,066 | 14,527 | 12,681 |
Revenue by segment $m
| Line | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Reportable Segment | 26,917 100.00% | 23,739 100.00% | 21,365 100.00% | 17,090 100.00% |
| Revenue | 26,917 | 23,739 | 21,365 | 17,090 |
Revenue by region $m
| Line | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Netherlands | 8,678 79.19% | 5,264 77.46% | 11,686 77.57% | 11,348 78.12% | 9,735 76.77% | 7,783 72.45% | 6,205 67.27% | 5,519 65.38% | 4,103 60.40% | 2,676 50.86% | 917 29.71% | 558 23.88% | 406 21.55% |
| U.S. | 1,434 13.09% | 783 11.52% | 1,537 10.20% | 1,536 10.57% | 1,620 12.78% | 1,680 15.64% | 1,817 19.70% | 1,798 21.30% | 1,770 26.05% | 1,662 31.59% | 1,641 53.18% | 1,486 63.56% | 1,265 67.12% |
| Other Countries | 846 7.72% | 749 11.02% | 1,843 12.23% | 1,643 11.31% | 1,326 10.46% | 1,280 11.91% | 1,202 13.03% | 1,124 13.32% | 920 13.55% | 923 17.55% | — | — | — |
| United Kingdom | — | — | — | — | — | — | — | — | — | — | 420 13.61% | 255 10.91% | 197 10.43% |
| Other | — | — | — | — | — | — | — | — | — | — | 108 3.50% | 38 1.64% | 17 0.90% |
| Revenue | 10,958 | 6,796 | 15,066 | 14,527 | 12,681 | 10,743 | 9,224 | 8,442 | 6,793 | 5,261 | 3,085 | 2,338 | 1,885 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Airline Tickets | Q2 FY2026 | 17.0M | 16.0M | +6.25% |
| Alternative accommodation room nights | Q2 FY2026 | 4.00% | — | — |
| Constant-Currency ADRs | Q2 FY2026 | 2.00% | — | — |
| Gross Bookings | Q2 FY2026 | $51.0B | $46.7B | +9.21% |
| Rental Car Days | Q2 FY2026 | 23.0M | 24.0M | −4.17% |
| Room Nights | Q2 FY2026 | 325.0M | 309.0M | +5.18% |