Sunday 11 October 2026 Export all BKNG data to Excel Powerpack

Booking Holdings Inc.

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.

160.34 0.37 +0.23%

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Market cap: $120.2B
P/E: 17.7×
Fwd P/E: 15.9×
Dividend yield: 1.03%
F-score: 6/9
Altman Z: 7.08
Beneish M: −2.97
Dividend safety: 81/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Share dilution Aug 4, 2026 Impairment Feb 18, 2026

All filings →

Insider Decisions trades per month

Total sells 55.57

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	6	4	4	3	1	2	1	—	2	5	2	—

Insider Ownership 2.37%

Capital & Financial Ratios $m

Market Cap 120,200.00

Revenue 28,241.00

Net Income 7,209.00

Free Cash Flow 9,539.00

Net Debt 2,966.00

Current Ratio 1.09

Debt/Equity (1.87)

P/E ratio 17.65

Fwd P/E 15.90

P/S ratio 4.36

P/B ratio 0.00

Past 5Y EPS Growth 158.30%

This Y EPS Growth 14.67%

Next Y EPS Growth 18.08%

Next Y revenue growth 8.69%

Next 5Y EPS Growth 16.30%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 2.81%

10-year low 10-year high

P/S against its own 10 years 2.51%

10-year low 10-year high

EV/Sales against its own 10 years 2.62%

10-year low 10-year high

EV/FCF against its own 10 years 5.73%

10-year low 10-year high

Dividends

Payout Ratio 0.18

Annual Dividend Rate 1.64

Annual Dividend Yield 1.03%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.69	0.42 0.42 0.42
2025	38.38	0.38 0.38 0.38 0.38
2024	1.40	0.35 0.35 0.35 0.35
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	12,683	16,164	17,203	17,214
Receivables	3,253	3,199	3,820	4,341
Inventory	—	—	—	—
Other	454	541	630	901
	17,034	20,491	22,264	23,057

	2023	2024	2025	Q'26
Payables	3,374	3,824	5,094	5,145
ST’ Debt	1,961	1,745	1,880	2,000
Other	—	—	—	—
	13,330	15,647	16,698	21,071

Compound Annual Growth %

	10y	5y	3y
Sales	11.30%	31.69%	16.35%
Cash Flow	11.38%	156.35%	12.81%
Earnings	7.79%	146.82%	20.90%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,532	7,352	—	—	—
’25	4,762	6,798	9,008	6,349	26,917
’24	4,415	5,859	7,994	5,471	23,739
’23	3,778	5,462	7,341	4,784	21,365
’22	2,695	4,294	6,052	4,049	17,090
’21	1,141	2,160	4,676	2,981	10,958
’20	2,288	630	2,640	1,238	6,796

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3,215	3,719	—	—	—
’25	3,283	3,201	1,435	1,490	9,409
’24	2,704	2,525	2,373	721	8,323
’23	2,889	1,737	1,372	1,346	7,344
’22	1,695	2,684	2	2,173	6,554
’21	(207)	1,152	1,596	279	2,820
’20	(380)	122	920	(577)	85

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	3,108	3,643	—	—	—
’25	3,162	3,137	1,371	1,417	9,087
’24	2,574	2,379	2,296	645	7,894
’23	2,801	1,645	1,301	1,252	6,999
’22	1,586	2,598	(96)	2,098	6,186
’21	(272)	1,093	1,517	178	2,516
’20	(460)	52	848	(641)	(201)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.36	2.53	—	—	—
’25	0.40	1.10	3.38	1.77	6.62
’24	0.89	1.78	2.97	1.28	6.91
’23	0.28	1.40	2.79	0.25	4.70
’22	(0.68)	0.84	1.68	1.28	3.05
’21	(0.05)	(0.16)	0.74	0.60	1.13
’20	(0.68)	0.12	0.78	(0.16)	0.06

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	38.16	58.38	64.25	65.48	44.29	74.43	64.67	80.22	127.20	163.85	Analyst estimates 2026–2028 Powerpack
	High	64.04	82.72	89.16	83.31	89.12	107.49	108.63	143.22	213.49	233.58
People
People	Employees	18,500	22,900	24,500	26,400	20,300	20,300	21,600	23,600	24,300	24,300
	Revenue/emp, $m	0.58	0.55	0.59	0.57	0.33	0.54	0.79	0.91	0.98	1.11
Income, $m
Income, $m	Revenue	10,743	12,681	14,527	15,066	6,796	10,958	17,090	21,365	23,739	26,917
	Gross margin, %	96.14	98.09	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	2,713	4,399	4,835	5,958	567	1,465	3,923	5,481	7,292	6,832
	EBT margin, %	25.25	34.69	33.28	39.55	8.34	13.37	22.95	25.65	30.72	25.38
	Net income	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289	5,882	5,404
	Depreciation	1,327	442	485	527	1,520	421	451	504	1,387	983
Per share, $
Per share, $	Revenue	8.68	10.35	12.25	13.99	6.63	10.68	17.14	23.65	28.24	33.18
	Earnings	1.73	1.91	3.37	4.52	0.06	1.14	3.07	4.75	7.00	6.66
	Cash flow	3.22	3.81	4.50	4.52	0.08	2.75	6.58	8.13	9.90	11.60
	Capex	(0.18)	(0.24)	(0.37)	(0.34)	(0.28)	(0.30)	(0.37)	(0.38)	(0.51)	(0.40)
	Free cash flow	3.04	3.57	4.13	4.18	(0.20)	2.45	6.21	7.75	9.39	11.20
	Book value	7.94	9.19	7.41	5.51	4.78	6.02	2.79	(3.04)	(4.78)	(6.88)
	Shares, m	1,237	1,225	1,186	1,077	1,024	1,026	997	904	841	811
Valuation, ×
Valuation, ×	P/E	34.24	37.47	20.44	18.06	1,475.00	84.60	25.98	29.19	28.34	32.06
	P/S	6.81	6.90	5.63	5.87	13.43	8.99	4.74	5.89	7.04	6.46
	P/B	7.45	7.77	9.30	14.91	18.65	15.94	29.13	0.00	0.00	0.00
	EV/Sales	7.07	7.16	5.93	6.03	13.70	9.04	4.79	5.98	7.07	6.51
	EV/FCF	20.19	20.76	17.61	20.20	(463.35)	39.38	13.23	18.26	21.25	19.29
Cash, $m
Cash, $m	Operating cash flow	3,984	4,662	5,338	4,865	85	2,820	6,554	7,344	8,323	9,409
	Capex	(220)	(288)	(442)	(368)	(286)	(304)	(368)	(345)	(429)	(322)
	Free cash flow	3,764	4,374	4,896	4,497	(201)	2,516	6,186	6,999	7,894	9,087
Balance, $m
Balance, $m	Working capital	2,543	5,537	4,852	4,467	8,781	6,899	7,324	3,704	4,844	5,566
	Total debt	7,167	10,775	9,815	9,649	12,937	11,751	13,196	14,699	16,855	18,736
	Net debt	2,867	3,373	3,531	2,339	1,874	599	800	2,016	691	1,533
	Shareholders’ equity	9,820	11,261	8,785	5,933	4,893	6,178	2,782	(2,744)	(4,020)	(5,578)
Returns, %
Returns, %	ROA	11.46	10.34	16.61	22.07	0.27	5.12	12.48	17.26	22.60	18.97
	ROIC	14.32	19.38	27.10	40.38	(5.83)	23.02	89.02	0.00	0.00	0.00
	ROE	22.94	22.21	39.89	66.11	1.09	21.05	68.26	22,573.68	(173.92)	(112.61)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BKNG Booking Holdings Inc.	$120.2B	17.7×	15.9×	+8.15% (above 0%: growing)	+130.57% (above 0%: growing)	+16.13% (above 0%: growing)	100.00%	34.00%
ABNB Airbnb, Inc.	$97.7B	37.2×	26.3×	+16.54% (above 0%: growing)	+32.69% (above 0%: growing)	+30.26% (above 0%: growing)	82.46%	21.01%	Compare
RCL Royal Caribbean Cruises Ltd.	$75.3B	17.3×	16.3×	+6.48% (above 0%: growing)	−5.39% (below 0%: shrinking)	−196.37% (below 0%: shrinking)	47.29%	27.07%	Compare
VIK Viking Holdings Ltd.	$36.4B	26.9×	27.3×	+16.49% (above 0%: growing)	+33.33% (above 0%: growing)	−75.64% (below 0%: shrinking)	45.50%	29.40%	Compare
CCL Carnival Corporation	$35.1B	11.4×	12.3×	+3.46% (above 0%: growing)	+0.06% (above 0%: growing)	−3.26% (below 0%: shrinking)	45.13%	26.31%	Compare
EXPE Expedia Group, Inc.	$32.4B	16.4×	14.4×	+13.97% (above 0%: growing)	+179.69% (above 0%: growing)	+38.87% (above 0%: growing)	90.66%	18.54%	Compare
TCOM Trip.com Group Limited Sponsored ADR	$24.7B	7.5×	12.8×	+11.39% (above 0%: growing)	n/m	+531.82% (above 0%: growing)	79.81%	(9.36%)	Compare
NCLH Norwegian Cruise Line Holdings Ltd.	$7.1B	9.3×	12.6×	+4.89% (above 0%: growing)	+585.71% (above 0%: growing)	−61.99% (below 0%: shrinking)	39.91%	13.76%	Compare
MMYT MakeMyTrip Limited	$4.1B	128×	82.6×	+6.22% (above 0%: growing)	−60.87% (below 0%: shrinking)	−36.17% (below 0%: shrinking)	74.55%	15.30%	Compare
Median of peers	$33.8B	16.9×	15.4×	+8.94%	+32.69%	−19.72%	60.92%	19.78%

All 18 Travel Services stocks →

Booking Holdings Inc. (BKNG) key facts

Concern: Net income was $5.4 billion, or $6.66 per share (basic), a net margin of 20.1%.
Strength: Booking Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, up 13.4% from fiscal 2024.
Booking Holdings Inc. (BKNG) is a Travel Services company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 9, 2026, BKNG traded at $160.34, a market capitalization of $120.2 billion.
At that price the stock trades at 17.7× trailing-twelve-month earnings and 4.4× sales; its P/E is higher than 3% of its own readings over the past ten years.
Booking Holdings Inc. pays an annual dividend of $1.64 per share, a yield of 1.03%, with a payout ratio of 18.2%.
Return on equity was −112.6% and debt-to-equity -1.87.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 7.08 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 29 September 2026

Booking Holdings reported revenue of $26.9 billion in FY2025 and $7.4 billion in Q2 FY2026. In FY2025, operating income rose while net income and diluted EPS declined; free cash flow increased. Trailing-twelve-month revenue to Q2 FY2026 was $28.2 billion, while trailing-twelve-month net income was $7.2 billion.

The balance sheet at FY2025 carried $18.7 billion of total debt, $17.2 billion of cash and short-term investments, and negative shareholders’ equity. In Q2 FY2026, revenue, diluted EPS, free cash flow, and operating margin were higher than in Q1 FY2026 and Q2 FY2025, while net debt increased from both comparison periods.

Read the full analysis →