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MARKETS / NASDAQ / BKNG
NASDAQ · TRANSPORTATION SERVICES · LARGE CAP

Booking Holdings Inc. BKNG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$26.9B
▲ 13.4% YoY
$5.4B
▼ 8.1% YoY
$9.1B
▲ 15.1% YoY
In brief

What this company does

Booking Holdings provides online travel reservation services that facilitate travel purchases by travelers from travel service providers, and derives substantially all of its revenues from them. For the year ended December 31, 2025, revenues were $26.9 billion, classified as merchant revenues, agency revenues, and advertising and other revenues. It operates in over 220 countries and territories and in over 40 languages. As of December 31, 2025, it employed approximately 24,300 employees, of which approximately 2,900 were based in the United States. Its services reach consumers through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK and OpenTable. At December 31, 2025, Booking.com offered accommodation reservation services for approximately 4.4 million properties, made up of approximately 500,000 hotels, motels and resorts and approximately 3.9 million homes, apartments and other places to stay. OpenTable provides online restaurant reservation services to consumers and reservation management services to restaurants, primarily in the United States.

Written from the business description in Booking Holdings Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 26.9B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 26.9 · Net income 5.4
10B20B2008201120142017202020232025
Compound annual growth
+16.3%
+31.7%
+11.3%
+15.5%
+20.9%
+146.8%
+7.8%
+29.4%
+158.3%
+12.8%
+20.3%
+5.1%
+42.6%
+9.6%
+33.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +31.7% a year over five years — but profit grew faster: net income at +146.8%, earnings per share at +158.3%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
Operating margin Net margin
FY2025 · Operating 32.8% · Net
10%20%30%-5%2008201120142017202020232025
ROE
FY2023 · ROE 22573.7%
10000%20000%2008201120142017202020232025

Cash & shareholders
USD 7.7B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 9.1
4B8B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends 1.2 · Net buybacks 6.4
4B8BDividendsNet buybacks2008201120142017202020232025

USD 1.2B in dividends and USD 6.4B in buybacks — 142% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 29.3B
EquityUSD -5.6B
CashUSD 17.2B
Gross debtUSD 18.7B
Net debtUSD 1.5B
Current ratio1.33×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B26.923.721.417.111.06.815.114.512.710.79.28.46.85.34.43.12.31.9
Operating income $B8.87.65.85.12.5−0.65.35.34.52.93.33.12.41.81.40.80.50.3
EBITDA $B9.48.16.35.62.9−0.25.85.84.9·········
Income tax $B1.41.41.20.90.30.51.10.82.10.60.60.60.40.30.30.2−0.00.1
Net income $B5.45.94.33.11.20.14.94.02.32.12.62.41.91.41.10.50.50.2
Free cash flow $B9.17.97.06.22.5−0.24.54.94.43.83.02.82.21.71.30.80.50.3
EPS, diluted $165.57172.69117.4076.3528.171.44111.8283.2646.8642.6549.4545.6736.1127.6620.6310.359.883.74
Dividend / sh $9.608.75················
Payout %232000··············
ROE %··22573.768.321.01.166.139.922.222.929.431.335.044.048.333.748.526.1

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTransportation Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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