BKNG

Booking Holdings
D

BKNG

Arincen87/100B

If you had invested in Booking Holdings ago, it would be worth $2,677 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

87/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Booking Holdings key facts

Style
Growth stock · 8.8/10Growth 8.8 · Value 6.3 · Dividend 3.1
Day range
159.580 – 163.390
52-week range
146.280 – 220.810
Market capitalization
118.87B USD
P/E
17.20
PEG ratio
0.70
EPS
9.29
Div Yield
1.05%
EPS growth forecast (FY2026)
+14.5%
Volume
26,104
Beta
1.15
ESG score
52.4/100Environment 45 · Social 52 · Governance 60
Sector
Consumer Cyclical
Industry
Travel Services
CEO
Glenn D. Fogel
Employees
26K
IPO date
31 Mar 1999

Booking Holdings earnings

Next earnings · Q4 FY2026
EPS estimate
2.19 USD
Revenue estimate
6.53B USD
Last quarter · Q3 FY2026
EPS4.66Beat +3.8%Revenue9.79BBeat +2.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20275.34——+14.56%10.51B——+7.35%
Q2 FY20272.92——+15.16%7.94B——+7.98%
Q1 FY20271.35——+18.24%5.86B——+5.91%
Q4 FY20262.19——+12.31%6.53B——+2.79%
Q3 FY20264.494.66+3.79%+17.09%9.55B9.79B+2.58%+8.71%
Q2 FY20262.432.54+4.53%+14.41%7.19B7.35B+2.23%+8.15%
Q1 FY20261.081.14+5.56%+15.15%5.52B5.53B+0.24%+16.17%
Q4 FY20251.951.950.00%+17.47%6.14B6.35B+3.42%+16.05%
Q3 FY20253.833.98+3.92%+18.45%8.74B9.01B+3.03%+12.68%
Q2 FY20252.012.22+10.45%+32.14%6.55B6.80B+3.74%+16.03%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Booking Holdings analyst forecast

12-month price target
219.20 USD
+37.15%

Analysts' 1-year price targets range from 150.00 to 270.00, with an average of 219.20.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
30 ratings
Buy
24
Hold
6
Sell
0

12-month price target

Highest target270.00
Average target219.20
Lowest target150.00
Current price159.83

Booking Holdings valuation

Price to earnings ratio (TTM)
17.20
Forward P/E (FY2026)
15.27
Price to sales (TTM)
4.23
EV / EBITDA (TTM)
11.52

Capital structure

Market capitalization
118.87B USD
+
Total debt
20.58B USD
−
Cash and short-term investments
15.81B USD
=
Enterprise value
123.63B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)11.24————
FY2027 (est.)13.0511.24———
FY2026 (est.)15.2713.05———
Now (TTM)17.2013.304.23—11.52
FY202532.160.786.46-31.1619.08
FY202428.400.787.04-41.5517.99
FY202329.890.786.00-46.7218.58
FY202226.270.544.7028.8816.49
FY202184.510.998.9915.9441.13

Booking Holdings against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Airbnb, Royal Caribbean Cruises, Carnival Corporation &, and Expedia Group, the US Travel Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median17.2
    0.828.8
  • Gross marginAt its median100.0%
    100.0%100.0%
    Against its peers: 1 of 5Peers' median 59.5%
  • Operating marginHighest in 5 years32.8%
    22.8%32.8%
    Against its peers: 1 of 5Peers' median 19.0%
  • Net marginAbove its median20.1%
    10.6%24.8%
    Against its peers: 3 of 5Peers' median 15.4%
  • Free cash flow marginAbove its median33.8%
    23.0%36.2%
    Against its peers: 2 of 5Peers' median 15.5%
  • Revenue growthBelow its median13.4%
    11.1%61.2%
    Against its peers: 1 of 5Peers' median 8.2%
  • EPS growthLowest in 5 years-4.2%
    -4.2%1,869.9%
    Against its peers: 5 of 5Peers' median 24.9%
  • Debt to EBITDABelow its median2.09×
    1.83×4.70×
    Against its peers: 2 of 5Peers' median 3.06×
  • Current ratioAt its median1.33
    1.282.10
    Against its peers: 2 of 5Peers' median 0.53

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Booking Holdings growth and profitability

Revenue (TTM)
28.13B USD
Net income (TTM)
7.18B USD
Gross margin
100.00%
Operating margin
32.78%
Net margin
25.52%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202526.92B+13.39%5.40B-8.13%100.00%32.79%20.08%9.22B-1.30%
FY202423.74B+11.11%5.88B+37.14%100.00%31.83%24.78%9.34B+32.59%
FY202321.37B+25.01%4.29B+40.26%100.00%27.31%20.07%7.04B+43.12%
FY202217.09B+55.96%3.06B+162.49%100.00%29.85%17.89%4.92B+105.21%
FY202110.96B+61.24%1.17B+1,874.58%100.00%22.78%10.63%2.40B+53.23%

Booking Holdings revenue breakdown

By product

FY2025
Merchant Revenue: 66.0%Agency Revenue: 29.6%Advertising and other revenues: 4.4%66.0%Merchant Revenue29.6%Agency Revenue4.4%Advertising and other revenues
SegmentRevenueShare of revenueChange on the year
Merchant Revenue17.76B66.0%+25.5%
Agency Revenue7.97B29.6%-6.5%
Advertising and other revenues1.19B4.4%+11.3%

By region

FY2025
Netherlands: 89.4%United States: 10.6%89.4%Netherlands10.6%United States
RegionRevenueShare of revenueChange on the year
Netherlands21.70B89.4%+16.7%
United States2.58B10.6%+3.8%

How Booking Holdings makes its money

Merchant Revenue17.76B 66.0%
Agency Revenue7.97B 29.6%
Advertising and other revenues1.19B 4.4%
Revenue26.92B 100.0%
Gross profit26.92B 100.0%
Selling and administration15.90B 59.1%
Other operating expenses2.19B 8.1%
Operating income8.83B 32.8%
Tax1.43B 5.3%
Other expense1.99B 7.4%
Net income5.40B 20.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Booking Holdings dividends

Annual dividend
1.68 USD
Dividend yield (indicated)
1.05%
Payout ratio
22.22%
Years of dividend growth
2
Frequency
Quarterly
Next payment
0.42 USD
Next ex-dividend date
11 Dec 2026
Next payment date
31 Dec 2026

Dividends per share

Year20252024
Dividends per share1.541.40

Booking Holdings financial health

Cash and short-term investments
15.81B USD
Total debt
20.58B USD
Net cash
-4.76B USD
Free cash flow (TTM)
9.24B USD
Current ratio
1.11
Piotroski score
6 / 9
Altman Z-score
6.39

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202517.79B19.29B9.09B
FY202416.16B17.08B7.89B
FY202312.68B14.78B7.00B
FY202212.40B13.04B6.19B
FY202111.15B11.28B2.52B

Booking Holdings ownership

Institutions
94.30%
Institutional holders
2,033 (+29)
Free float
99.78%

Who owns the shares

Institutions 94.3% Others 5.7%
As of 30 Jun 2026

Shares free to trade

Free float 742.09M shares ·99.8% Closely held 1.61M shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026010.001.50K
Q3 20260210.0083.05K
Q2 20260930.62K94.16K
Q1 2026013927.44K16.55K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025811.30M815.98M-4.18%
FY2024840.55M851.60M-6.75%
FY2023903.50M913.25M-8.79%
FY2022996.80M1.00B-3.17%
FY20211.03B1.03B+0.49%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Booking Holdings Inc.

Sector: Consumer Cyclical
Industry: Travel Services
Booking Holdings Inc. is an American travel conglomerate based in Norwalk, Connecticut. Its main services are travel and restaurant online reservation and related services. Its best-known brands include booking.com, priceline.com, agoda.com, rentalcars.com, KAYAK and OpenTable Inc. This digitally driven firm develops and deploys travel fare aggregators and travel fare metasearch engines in roughly 40 languages and 200 countries. Its flagship brand, booking.com, was responsible for helping worldwide consumers book almost 600 million room nights of accommodations in 2021.

Common questions about Booking Holdings stock