Booking Holdings Inc. (BKNG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BKNG SEC filings page.
Booking Holdings Inc. (BKNG) reported $28.2B in revenue over the twelve months to Jun 30, 2026, up 12.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Booking’s cash generation far exceeds reinvestment needs, but debt and shareholder distributions have pushed reported equity negative.
Operating margin rose from31.8% in FY2024 to32.8% in FY2025, showing the core business kept improving efficiency. Yet net margin fell to20.1% as interest expense reached$1.6B , so more operating profit was absorbed before reaching shareholders.
Free cash flow reached
Liabilities exceeded assets by
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Booking Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Booking Holdings Inc. has an operating margin of 32.8%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 93/100, reflecting efficient cost management and pricing power. This is up from 31.8% the prior year.
Booking Holdings Inc.'s revenue grew 13.4% year-over-year to $26.9B, a solid pace of expansion. This earns a growth score of 70/100.
Booking Holdings Inc.'s current ratio of 1.33 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
Booking Holdings Inc. converts 33.8% of revenue into free cash flow ($9.1B). This strong cash generation earns a score of 95/100.
Booking Holdings Inc. scores 6.20, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Booking Holdings Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Booking Holdings Inc. generates $1.74 in operating cash flow ($9.4B OCF vs $5.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Booking Holdings Inc. earns $5.46 in operating income for every $1 of interest expense ($8.8B vs $1.6B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Booking Holdings Inc. generated $7.4B in revenue in Q2 2026. This represents an increase of 8.1% from the same quarter a year earlier. Against the prior quarter it is up 32.9%.
Booking Holdings Inc.'s EBITDA was $2.6B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.2% from the same quarter a year earlier. Against the prior quarter it is up 87.5%.
Booking Holdings Inc. reported $1.9B in net income in Q2 2026. This represents an increase of 117.9% from the same quarter a year earlier. Against the prior quarter it is up 80.1%.
Booking Holdings Inc. earned $2.53 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 86.0%.
Cash & Balance Sheet
Booking Holdings Inc. generated $3.6B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 16.1% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.
Booking Holdings Inc. held $17.2B in cash against $18.2B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Booking Holdings Inc.'s operating margin was 34.0% in Q2 2026, reflecting core business profitability. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.0 percentage points.
Booking Holdings Inc.'s net profit margin was 26.5% in Q2 2026, showing the share of revenue converted to profit. This is up 13.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.9 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Booking Holdings Inc. spent $4.0B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 166.2% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.
Booking Holdings Inc. invested $76.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 18.8% from the same quarter a year earlier. Against the prior quarter it is down 29.0%.
Not reported for Q2 2026.
BKNG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4B+8.1% | $5.5B+16.2% | $6.3B+16.0% | $9.0B+12.7% | $6.8B+16.0% | $4.8B+7.9% | $5.5B+14.4% | $8.0B+8.9% |
| SG&A Expenses | $217.0M+9.0% | $100.0M-29.6% | $262.0M+60.7% | $254.0M-55.8% | $199.0M+77.7% | $142.0M-23.7% | $163.0M-77.9% | $575.0M+88.5% |
| Operating Income | $2.5B+11.1% | $1.3B+19.7% | $2.0B+17.4% | $3.5B+9.6% | $2.3B+21.2% | $1.1B+34.3% | $1.7B+183.9% | $3.2B+2.4% |
| EBITDA | $2.6B+9.2% | $1.4B+15.3% | $2.2B+15.6% | $3.6B+9.3% | $2.4B+20.5% | $1.2B+31.0% | $1.9B+153.8% | $3.3B+3.2% |
| Interest Expense | $300.0M-28.2% | $253.0M-61.0% | $249.0M-50.9% | $301.0M-1.3% | $418.0M+58.3% | $649.0M+196.3% | $507.0M+143.8% | $305.0M+20.1% |
| Income Tax | $610.0M+191.9% | $316.0M+401.6% | $435.0M-12.3% | $721.0M+104.8% | $209.0M-47.9% | $63.0M-60.9% | $496.0M+162.4% | $352.0M-44.8% |
| Net Income | $1.9B+117.9% | $1.1B+225.2% | $1.4B+33.7% | $2.7B+9.2% | $895.0M-41.2% | $333.0M-57.1% | $1.1B+381.1% | $2.5B+0.2% |
| EPS (Basic) | $2.54+130.9% | $1.37+234.1% | $44.45+36.4% | $84.86+12.6% | $1.10-97.6% | $0.41-98.2% | $32.58+329.8% | $75.37+6.7% |
| EPS (Diluted) | $2.53 | $1.36 | $44.18+37.0% | $84.41+13.5% | $1.10 | $0.40 | $32.24+336.9% | $74.34+6.5% |
| Diluted Shares (Avg) | 770M | 794M | N/A | 33M-3.9% | 815M | 827M | N/A | 34M-5.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
BKNG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.7B-3.3% | $27.7B+1.9% | $29.3B+5.6% | $28.8B+2.8% | $30.7B+7.5% | $27.2B-1.9% | $27.7B+13.8% | $28.0B+9.1% |
| Current Assets | $23.1B-0.9% | $20.9B+4.9% | $22.3B+8.7% | $21.7B+5.7% | $23.3B+9.3% | $19.9B-2.6% | $20.5B+20.3% | $20.5B+11.1% |
| Cash & Equivalents | $17.2B-2.2% | $16.0B+2.9% | $17.2B+6.4% | $16.5B+4.7% | $17.6B+8.0% | $15.6B-0.3% | $16.2B+33.5% | $15.8B+18.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% |
| Long-Term Investments | $448.0M-19.9% | $473.0M-12.1% | $582.0M+8.6% | $651.0M+30.2% | $559.0M+19.4% | $538.0M+21.4% | $536.0M+21.8% | $500.0M+19.0% |
| Goodwill | $2.7B-6.4% | $2.7B-5.5% | $2.7B-4.6% | $2.7B-6.0% | $2.9B+1.5% | $2.8B0.0% | $2.8B-1.0% | $2.8B+1.2% |
| Total Liabilities | $40.5B+8.4% | $36.4B+9.4% | $34.8B+9.8% | $33.5B+5.9% | $37.3B+13.8% | $33.3B+4.8% | $31.7B+17.1% | $31.6B+20.5% |
| Current Liabilities | $21.1B+13.1% | $19.8B+20.8% | $16.7B+6.7% | $16.3B-2.5% | $18.6B+2.4% | $16.4B-2.6% | $15.6B+17.4% | $16.7B+30.0% |
| Non-Current Liabilities | $19.4B+3.7% | $16.6B-1.6% | $18.1B+12.8% | $17.2B+15.2% | $18.7B+28.0% | $16.9B+13.1% | $16.1B+16.9% | $15.0B+11.4% |
| Long-Term Debt | $18.2B+4.0% | $15.4B+0.2% | $16.9B+13.5% | $16.0B+16.0% | $17.5B+30.8% | $15.4B+14.4% | $14.9B+21.5% | $13.8B+16.3% |
| Total Equity | -$10.8B-62.0% | -$8.7B-42.7% | -$5.6B-38.8% | -$4.7B-29.6% | -$6.7B-55.7% | -$6.1B-50.8% | -$4.0B-46.5% | -$3.7B-484.5% |
| Retained Earnings | $43.0B+16.0% | $41.4B+13.4% | $40.7B+11.3% | $39.6B+10.6% | $37.1B+10.7% | $36.5B+13.1% | $36.5B+14.8% | $35.7B+13.1% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable.
BKNG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.7B+16.2% | $3.2B-2.1% | $1.5B+106.7% | $1.4B-39.5% | $3.2B+26.8% | $3.3B+21.4% | $721.0M-46.4% | $2.4B+73.0% |
| Depreciation & Amortization | $129.0M-18.4% | $131.0M-14.9% | $151.0M-3.8% | $160.0M+3.2% | $158.0M+11.3% | $154.0M+12.4% | $157.0M+17.2% | $155.0M+20.2% |
| Stock-Based Compensation | $140.0M-9.1% | $141.0M-1.4% | N/A | $150.0M+1.4% | $154.0M+10.0% | $143.0M-0.7% | N/A | $148.0M+15.6% |
| Capital Expenditures | $76.0M+18.8% | $107.0M-11.6% | $73.0M-3.9% | $64.0M-16.9% | $64.0M-56.2% | $121.0M-6.9% | $76.0M-19.1% | $77.0M+8.5% |
| Free Cash Flow | $3.6B+16.1% | $3.1B-1.7% | $1.4B+119.7% | $1.4B-40.3% | $3.1B+31.9% | $3.2B+22.8% | $645.0M-48.5% | $2.3B+76.5% |
| Investing Cash Flow | -$89.0M-45.9% | -$107.0M+9.3% | -$71.0M+5.3% | -$63.0M-3050.0% | -$61.0M-144.5% | -$118.0M-271.0% | -$75.0M-92.3% | -$2.0M+90.9% |
| Financing Cash Flow | -$2.2B-22.1% | -$4.0B-1.5% | -$667.0M-566.4% | -$2.5B+21.5% | -$1.8B+8.6% | -$4.0B-606.0% | $143.0M+105.7% | -$3.2B-20.3% |
| Dividends Paid | $324.0M+2.9% | $343.0M+7.5% | $307.0M+6.2% | $314.0M+6.4% | $315.0M+5.7% | $319.0M+6.7% | $289.0M | $295.0M |
| Share Buybacks | $4.0B+166.2% | $3.8B+73.7% | $2.1B+72.7% | $653.0M-63.0% | $1.5B-9.9% | $2.2B+16.9% | $1.2B-50.7% | $1.8B-33.2% |
BKNG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 34.0%+0.9pp | 23.0%+0.7pp | 32.0%+0.4pp | 38.7%-1.1pp | 33.1%+1.4pp | 22.3%+4.4pp | 31.6%+18.9pp | 39.8%-2.5pp |
| Net Margin | 26.5%+13.3pp | 19.6%+12.6pp | 22.5%+3.0pp | 30.5%-1.0pp | 13.2%-12.8pp | 7.0%-10.6pp | 19.5%+14.9pp | 31.5%-2.7pp |
| Return on Assets | 6.6%+3.6pp | 3.9%+2.7pp | 4.9%+1.0pp | 9.6%+0.6pp | 2.9%-2.4pp | 1.2%-1.6pp | 3.9%+2.9pp | 9.0%-0.8pp |
| Current Ratio | 1.09-0.2x | 1.06-0.2x | 1.330.0x | 1.33+0.1x | 1.25+0.1x | 1.220.0x | 1.310.0x | 1.23-0.2x |
| Asset Turnover | 0.250.0x | 0.200.0x | 0.220.0x | 0.310.0x | 0.220.0x | 0.180.0x | 0.200.0x | 0.290.0x |
| FCF Margin | 49.5%+3.4pp | 56.2%-10.2pp | 22.3%+10.5pp | 15.2%-13.5pp | 46.2%+5.5pp | 66.4%+8.1pp | 11.8%-14.4pp | 28.7%+11.0pp |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$5.6B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Booking Holdings Inc. BKNG | FY2025 | $26.9B | $5.4B | 20.1% | $122.8B | 78/100 |
| Royal Caribbean Group RCL | FY2025 | $17.9B | $4.3B | 23.8% | $74.9B | 48/100 |
| Airbnb, Inc. ABNB | FY2025 | $12.2B | $2.5B | 20.5% | $102.8B | 61/100 |
| Trip.com Group Limited TCOM | FY2025 | $8.9B | $4.8B | 53.4% | $25.1B | 74/100 |
| Expedia Group, Inc. EXPE | FY2025 | $14.7B | $1.3B | 8.8% | $35.0B | 63/100 |
Where Booking Holdings Inc. Ranks
Frequently Asked Questions
What is Booking Holdings Inc.'s annual revenue?
Booking Holdings Inc. (BKNG) reported $26.9B in total revenue for fiscal year 2025. This represents a 13.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Booking Holdings Inc.'s revenue growing?
Booking Holdings Inc. (BKNG) revenue grew by 13.4% year-over-year, from $23.7B to $26.9B in fiscal year 2025.
Is Booking Holdings Inc. profitable?
Yes, Booking Holdings Inc. (BKNG) reported a net income of $5.4B in fiscal year 2025, with a net profit margin of 20.1%.
What is Booking Holdings Inc.'s EBITDA?
Booking Holdings Inc. (BKNG) had EBITDA of $9.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Booking Holdings Inc. have?
As of fiscal year 2025, Booking Holdings Inc. (BKNG) had $17.2B in cash and equivalents against $16.9B in long-term debt.
What is Booking Holdings Inc.'s operating margin?
Booking Holdings Inc. (BKNG) had an operating margin of 32.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Booking Holdings Inc.'s net profit margin?
Booking Holdings Inc. (BKNG) had a net profit margin of 20.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Booking Holdings Inc. pay dividends?
Yes, Booking Holdings Inc. (BKNG) paid $9.60 per share in dividends during fiscal year 2025.
What is Booking Holdings Inc.'s free cash flow?
Booking Holdings Inc. (BKNG) generated $9.1B in free cash flow during fiscal year 2025. This represents a 15.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Booking Holdings Inc.'s operating cash flow?
Booking Holdings Inc. (BKNG) generated $9.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Booking Holdings Inc.'s total assets?
Booking Holdings Inc. (BKNG) had $29.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Booking Holdings Inc.'s capital expenditures?
Booking Holdings Inc. (BKNG) invested $322.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Booking Holdings Inc.'s current ratio?
Booking Holdings Inc. (BKNG) had a current ratio of 1.33 as of fiscal year 2025, which is considered adequate.
What is Booking Holdings Inc.'s return on assets (ROA)?
Booking Holdings Inc. (BKNG) had a return on assets of 18.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Booking Holdings Inc.'s P/E ratio?
Booking Holdings Inc. (BKNG) trades at 17.0x earnings, its market capitalization divided by net income of $7.2B net income, trailing 12 months to June 30, 2026. The market capitalization is $122.8B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Booking Holdings Inc.'s price-to-sales ratio?
Booking Holdings Inc. (BKNG) trades at 4.3x sales, its market capitalization divided by revenue of $28.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $122.8B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Booking Holdings Inc.'s debt-to-equity ratio negative or not reported?
Booking Holdings Inc. (BKNG) has negative shareholder equity of -$5.6B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Booking Holdings Inc.'s Altman Z-Score?
Booking Holdings Inc. (BKNG) has an Altman Z-Score of 6.20, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Booking Holdings Inc.'s Piotroski F-Score?
Booking Holdings Inc. (BKNG) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Booking Holdings Inc.'s earnings high quality?
Booking Holdings Inc. (BKNG) has an earnings quality ratio of 1.74x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Booking Holdings Inc. cover its interest payments?
Booking Holdings Inc. (BKNG) has an interest coverage ratio of 5.46x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Booking Holdings Inc.?
Booking Holdings Inc. (BKNG) scores 78 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.