InsiderClue
Stocks · Industrials · Transportation Services

Booking Holdings

BKNG Clue Score75
United States Fiscal year ends December CIK 0001075531
$160.34 +0.23% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $160.34 −93.50% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating income
Fiscal year 2016Revenue10.74Operating income2.91EPS, diluted42.65Fiscal year 2017Revenue12.68 +18.0%Operating income4.54EPS, diluted46.86 +9.9%Fiscal year 2018Revenue14.53 +14.6%Operating income5.34EPS, diluted83.26 +77.7%Fiscal year 2019Revenue15.07 +3.7%Operating income5.35EPS, diluted111.82 +34.3%Fiscal year 2020Revenue6.80 −54.9%Operating income−0.63EPS, diluted1.44 −98.7%Fiscal year 2021Revenue10.96 +61.2%Operating income2.50EPS, diluted28.17 +1,856.3%Fiscal year 2022Revenue17.09 +56.0%Operating income5.10EPS, diluted76.35 +171.0%Fiscal year 2023Revenue21.37 +25.0%Operating income5.84EPS, diluted117.40 +53.8%Fiscal year 2024Revenue23.74 +11.1%Operating income7.56EPS, diluted172.69 +47.1%Fiscal year 2025Revenue26.92 +13.4%Operating income8.83EPS, diluted165.57 −4.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 10.74 12.68 14.53 15.07 6.80 10.96 17.09 21.37 23.74 26.92
Growth +18.0% +14.6% +3.7% −54.9% +61.2% +56.0% +25.0% +11.1% +13.4%
Operating income 2.91 4.54 5.34 5.35 −0.63 2.50 5.10 5.84 7.56 8.83
EPS, diluted 42.65 46.86 83.26 111.82 1.44 28.17 76.35 117.40 172.69 165.57
Growth +9.9% +77.7% +34.3% −98.7% +1,856.3% +171.0% +53.8% +47.1% −4.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating margin
Fiscal year 2016Gross margin96.1%Operating margin27.1%Free cash flow margin35.0%Fiscal year 2017Gross margin98.1%Operating margin35.8%Free cash flow margin34.5%Fiscal year 2018Operating margin36.8%Free cash flow margin33.7%Fiscal year 2019Operating margin35.5%Free cash flow margin29.8%Fiscal year 2020Operating margin−9.3%Free cash flow margin−3.0%Fiscal year 2021Operating margin22.8%Free cash flow margin23.0%Fiscal year 2022Operating margin29.9%Free cash flow margin36.2%Fiscal year 2023Operating margin27.3%Free cash flow margin32.8%Fiscal year 2024Operating margin31.8%Free cash flow margin33.3%Fiscal year 2025Operating margin32.8%Free cash flow margin33.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 96.1% 98.1% n/a n/a n/a n/a n/a n/a n/a n/a
Operating margin 27.1% 35.8% 36.8% 35.5% −9.3% 22.8% 29.9% 27.3% 31.8% 32.8%
Free cash flow margin 35.0% 34.5% 33.7% 29.8% −3.0% 23.0% 36.2% 32.8% 33.3% 33.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.98Capital expenditure−0.22Free cash flow3.76Buybacks−1.01Fiscal year 2017Operating cash flow4.66Capital expenditure−0.29Free cash flow4.37 +16.2%Buybacks−1.83Fiscal year 2018Operating cash flow5.34Capital expenditure−0.44Free cash flow4.90 +11.9%Buybacks−5.97Fiscal year 2019Operating cash flow4.87Capital expenditure−0.37Free cash flow4.50 −8.1%Buybacks−8.19Fiscal year 2020Operating cash flow0.09Capital expenditure−0.29Free cash flow−0.20 −104.5%Buybacks−1.30Fiscal year 2021Operating cash flow2.82Capital expenditure−0.30Free cash flow2.52Buybacks−0.16Fiscal year 2022Operating cash flow6.55Capital expenditure−0.37Free cash flow6.19 +145.9%Buybacks−6.62Dividends paid0.00Fiscal year 2023Operating cash flow7.34Capital expenditure−0.35Free cash flow7.00 +13.1%Buybacks−10.38Dividends paid0.00Fiscal year 2024Operating cash flow8.32Capital expenditure−0.43Free cash flow7.89 +12.8%Buybacks−6.51Dividends paid−1.17Fiscal year 2025Operating cash flow9.41Capital expenditure−0.32Free cash flow9.09 +15.1%Buybacks−6.44Dividends paid−1.25
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.98 4.66 5.34 4.87 0.09 2.82 6.55 7.34 8.32 9.41
Capital expenditure −0.22 −0.29 −0.44 −0.37 −0.29 −0.30 −0.37 −0.35 −0.43 −0.32
Free cash flow 3.76 4.37 4.90 4.50 −0.20 2.52 6.19 7.00 7.89 9.09
Growth +16.2% +11.9% −8.1% −104.5% +145.9% +13.1% +12.8% +15.1%
Buybacks −1.01 −1.83 −5.97 −8.19 −1.30 −0.16 −6.62 −10.38 −6.51 −6.44
Dividends paid n/a n/a n/a n/a n/a n/a 0.00 0.00 −1.17 −1.25

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.08Total debt6.17Net cash (debt)−4.09Shareholders’ equity9.82Debt to equity0.63Fiscal year 2017Cash2.54Total debt8.81Net cash (debt)−6.27Shareholders’ equity11.26Debt to equity0.78Fiscal year 2018Cash2.62Total debt8.65Net cash (debt)−6.03Shareholders’ equity8.79Debt to equity0.98Fiscal year 2019Cash6.31Total debt7.64Net cash (debt)−1.33Shareholders’ equity5.93Debt to equity1.29Fiscal year 2020Cash10.56Total debt12.01Net cash (debt)−1.45Shareholders’ equity4.89Debt to equity2.46Fiscal year 2021Cash11.13Total debt10.93Net cash (debt)0.20Shareholders’ equity6.18Debt to equity1.77Fiscal year 2022Cash12.22Total debt12.49Net cash (debt)−0.26Shareholders’ equity2.78Debt to equity4.49Fiscal year 2023Cash12.11Total debt14.18Net cash (debt)−2.08Shareholders’ equity−2.74Fiscal year 2024Cash16.16Total debt16.60Net cash (debt)−0.43Shareholders’ equity−4.02Fiscal year 2025Cash17.20Total debt18.74Net cash (debt)−1.53Shareholders’ equity−5.58
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.08 2.54 2.62 6.31 10.56 11.13 12.22 12.11 16.16 17.20
Total debt 6.17 8.81 8.65 7.64 12.01 10.93 12.49 14.18 16.60 18.74
Net cash (debt) −4.09 −6.27 −6.03 −1.33 −1.45 0.20 −0.26 −2.08 −0.43 −1.53
Shareholders’ equity 9.82 11.26 8.79 5.93 4.89 6.18 2.78 −2.74 −4.02 −5.58
Debt to equity 0.63 0.78 0.98 1.29 2.46 1.77 4.49 n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
10.74 12.68 14.53 15.07 6.80 10.96 17.09 21.37 23.74 26.92
Growth +18.0% +14.6% +3.7% −54.9% +61.2% +56.0% +25.0% +11.1% +13.4%
0.42 0.24 n/a n/a n/a n/a n/a n/a n/a n/a
10.33 12.44 n/a n/a n/a n/a n/a n/a n/a n/a
Growth +20.4%
0.45 0.58 0.70 0.80 0.58 0.52 0.77 1.56 1.04 0.86
2.91 4.54 5.34 5.35 −0.63 2.50 5.10 5.84 7.56 8.83
Growth +56.2% +17.7% +0.1% −111.8% +104.4% +14.4% +29.5% +16.8%
2.71 4.40 4.84 5.96 0.57 1.47 3.92 5.48 7.29 6.83
0.58 2.06 0.84 1.09 0.51 0.30 0.87 1.19 1.41 1.43
Per share
43.14 47.78 84.26 112.93 1.45 28.39 76.70 118.67 174.96 166.52
42.65 46.86 83.26 111.82 1.44 28.17 76.35 117.40 172.69 165.57
Growth +9.9% +77.7% +34.3% −98.7% +1,856.3% +171.0% +53.8% +47.1% −4.1%
49.5 49.0 47.4 43.1 41.0 41.0 39.9 36.1 33.6 32.5
50.1 50.0 48.0 43.5 41.2 41.4 40.1 36.5 34.1 32.6
Growth −0.2% −3.9% −9.4% −5.4% +0.5% −3.2% −8.8% −6.8% −4.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 31.7% a year over five years, and earnings per share grew 158.3% a year.
  • The diluted share count fell 20.7% in five years, so buybacks did some of the work per share.
  • Operating margin is up 42.1 points on five years ago, at 32.8%.