BKNG vs EXPE
Booking Holdings Inc. and Expedia Group, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BKNG | EXPE |
|---|---|---|
| Revenue | $26.9B | $14.7B |
| Net income | $5.4B | $1.3B |
| Gross margin | · | 90.1% |
| Net margin | · | 8.8% |
| Return on equity | · | 91.1% |
| Diluted EPS | $165.57 | $9.81 |
| Dividend / share | $9.60 | $1.60 |
| Payout ratio | 23.1% | 15.5% |
| Free cash flow | $9.1B | $3.1B |
| Equity | $-5.6B | $1.3B |
| Net debt / equity | · | 0.58× |
| Current ratio | 1.33× | 0.73× |
| Revenue CAGR 5y | 31.7% | 23.2% |
| Profit CAGR 5y | 146.8% | · |
BKNG bills 1.8× the revenue of EXPE.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BKNG | EXPE |
|---|---|---|
| FY2025 | $26.9B | $14.7B |
| FY2024 | $23.7B | $13.7B |
| FY2023 | $21.4B | $12.8B |
| FY2022 | $17.1B | $11.7B |
| FY2021 | $11.0B | $8.6B |
| FY2020 | $6.8B | $5.2B |
| FY2019 | $15.1B | $12.1B |
| FY2018 | $14.5B | $11.2B |
| FY2017 | $12.7B | $10.1B |
| FY2016 | $10.7B | $8.8B |
Bottom line
| Fiscal year | BKNG | EXPE |
|---|---|---|
| FY2025 | $5.4B | $1.3B |
| FY2024 | $5.9B | $1.2B |
| FY2023 | $4.3B | $797.0M |
| FY2022 | $3.1B | $352.0M |
| FY2021 | $1.2B | $12.0M |
| FY2020 | $59.0M | $-2.6B |
| FY2019 | $4.9B | $565.0M |
| FY2018 | $4.0B | $406.0M |
| FY2017 | $2.3B | $378.0M |
| FY2016 | $2.1B | $282.0M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$12,184,000,000 | BKNG |
| FY2024 | +$10,048,000,000 | BKNG |
| FY2023 | +$8,526,000,000 | BKNG |
| FY2022 | +$5,423,000,000 | BKNG |
| FY2021 | +$2,360,000,000 | BKNG |
| FY2020 | +$1,597,000,000 | BKNG |
| FY2019 | +$2,999,000,000 | BKNG |
| FY2018 | +$3,304,000,000 | BKNG |
| FY2017 | +$2,621,000,000 | BKNG |
| FY2016 | +$1,969,000,000 | BKNG |
| FY2015 | +$2,551,670,000 | BKNG |
| FY2014 | +$2,678,486,000 | BKNG |
| FY2013 | +$2,022,047,000 | BKNG |
| FY2012 | +$1,230,609,000 | BKNG |
| FY2011 | +$906,601,000 | BKNG |
| FY2010 | +$51,260,000 | BKNG |
| FY2009 | −$404,839,000 | EXPE |
| FY2008 | −$1,052,207,000 | EXPE |
The higher-revenue side has changed between BKNG and EXPE over this period. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2015 | +16.8 pp | BKNG |
| FY2014 | +22.2 pp | BKNG |
| FY2013 | +23.3 pp | BKNG |
| FY2012 | +20.1 pp | BKNG |
| FY2011 | +10.6 pp | BKNG |
| FY2010 | +3.1 pp | BKNG |
| FY2009 | +9.9 pp | BKNG |
| FY2008 | +95.7 pp | BKNG |
BKNG has kept the higher net margin in every one of these 8 fiscal years.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXPE's net margin has been more volatile than BKNG's over the 8 comparable fiscal years — 31.7 percentage points of standard deviation against 6.2.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BKNG led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXPE's return on equity has been more volatile than BKNG's over the 15 comparable fiscal years — 39.0 percentage points of standard deviation against 16.9.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BKNG led in return on equity in every one of the 15 comparable fiscal years — a structural lead, not a recent swing.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.