BKNG Financials Booking Holdings

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 31.7% per year over the past 5 years.
Net income has grown faster than revenue (46.8% vs 31.7% per year).
Operating margin has expanded, at 32.8% in the latest year.

Financial health

Total debt ($18.7B) exceeds cash ($17.2B); net debt is $1.5B.
Total debt has grown slower than revenue (9.3% vs 31.7% per year).
Operating income covered interest expense 5.5× in the latest year.
Total debt is 2.0× EBITDA.

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 23.1% of earnings and 13.7% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$26.9B	$5.4B	0.0%	32.8%	$9.1B	$18.7B	$17.2B
2024	$23.7B	$5.9B	0.0%	31.8%	$7.9B	$16.6B	$16.2B
2023	$21.4B	$4.3B	0.0%	27.3%	$7.0B	$14.2B	$12.1B
2022	$17.1B	$3.1B	0.0%	29.9%	$6.2B	$12.5B	$12.2B
2021	$11.0B	$1.2B	0.0%	22.8%	$2.5B	$10.9B	$11.1B
2020	$6.8B	—	0.0%	-9.3%	-$201M	$12.0B	$10.6B
2019	$15.1B	—	0.0%	35.5%	$4.5B	$7.6B	$6.3B
2018	$14.5B	—	0.0%	36.8%	$4.9B	$8.6B	$2.6B
2017	$12.7B	—	98.1%	35.8%	$4.4B	$8.8B	$2.5B
2016	$10.7B	—	96.1%	27.1%	$3.8B	$6.2B	$2.1B
2010	—	$528M	—	—	$755M	—	$359M
2009	—	$489M	—	—	$495M	—	$202M
2008	—	$182M	—	—	$297M	—	$365M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$5.5B	—	0.0%	23.0%	$3.1B	$18.4B	$16.0B
Dec '25	$6.3B	—	0.0%	32.0%	$1.4B	$18.7B	$17.2B
Sep '25	$9.0B	—	0.0%	38.7%	$1.4B	$17.0B	$16.5B
Jun '25	$6.8B	—	0.0%	33.1%	$3.1B	$18.5B	$17.6B
Mar '25	$4.8B	—	0.0%	22.3%	$3.2B	$16.0B	$15.6B
Dec '24	$5.5B	—	0.0%	31.6%	$645M	$16.6B	$16.2B
Sep '24	$8.0B	—	0.0%	39.8%	$2.3B	$16.2B	$15.8B
Jun '24	$5.9B	—	0.0%	31.7%	$2.4B	$16.8B	$16.3B
Mar '24	$4.4B	—	0.0%	17.9%	$2.6B	$16.9B	$15.6B
Dec '23	$4.8B	—	0.0%	12.7%	$1.3B	$14.2B	$12.1B
Sep '23	$7.3B	—	0.0%	42.3%	$1.3B	$13.8B	$13.3B
Jun '23	$5.5B	—	0.0%	30.6%	$1.6B	$14.1B	$14.6B
Mar '23	$3.8B	—	0.0%	11.9%	$2.8B	$12.1B	$14.1B
Dec '22	$4.0B	—	0.0%	33.2%	$2.1B	$12.5B	$12.2B
Sep '22	$6.1B	—	0.0%	42.7%	-$96M	$9.2B	$9.0B
Jun '22	$4.3B	—	0.0%	23.3%	$2.6B	$9.5B	$11.8B
Mar '22	$2.7B	—	0.0%	6.5%	$1.6B	$9.8B	$10.5B
Dec '21	$3.0B	—	0.0%	28.4%	$178M	$10.9B	$11.1B
Sep '21	$4.7B	—	0.0%	43.1%	$1.5B	$11.0B	$11.6B
Jun '21	$2.2B	—	0.0%	-2.6%	$1.1B	$12.2B	$11.2B

Valuation over time

How the market has priced BKNG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 672.7× (Mar '23) to 25.4× (Jun '26).
The price-to-sales ratio has fallen from 120.4× (Mar '23) to 5.1× (Jun '26).
The dividend yield has risen from 0.0% (Dec '24) to 0.9% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is BKNG growing its revenue and profit?

Over the past 5 years, Booking Holdings's revenue has grown 31.7% per year, and net income grown 46.8% per year. These are computed facts, not advice.

How much debt does BKNG have?

As of FY2025, Booking Holdings reported $18.7B of total debt against $17.2B of cash; operating income covered interest expense 5.5×.

What is BKNG's profit margin?

In FY2025, gross margin was —, operating margin 32.8%, and net margin 20.1%.

What is BKNG's P/E ratio?

As of Jun '26, Booking Holdings traded at a price-to-earnings ratio of about 25.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.