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Booking Holdings Inc. BKNG Agency revenues — Total revenues

Other product segments

Merchant revenues
$3.7B+26.7%
Advertising and other revenues
$306M+9.3%

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Other financials

Income statement

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Revenue$5.5B+16.2%
Operating income$1.3B+19.7%
Net income$1.1B+225%
EPS (diluted)$1.36+240%

Balance sheet

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Cash & equivalents$16.0B+2.9%
Total debt$18.9B+14.8%
Total equity-$8.7B-42.7%
Total assets$27.7B+1.9%

Cash flow

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Operating cash flow$3.2B-2.1%
CapEx$107.0M-11.6%
Free cash flow$3.1B-1.7%

Valuation

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Market cap$155.83B-13.2%
Enterprise value$158.75B-12.2%
P/E25.3×-12.0×
P/S5.6×-1.5×

Profitability

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Gross margin98.1%
Operating margin32.6%+0.1pp
Net margin22.2%-0.4pp
FCF margin32.6%-2.6pp

Returns & leverage

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Return on equity147.8%+136pp
Debt / equity11.8×+9.5×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Booking Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Booking Holdings Inc.’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 5:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001075531-26-000025
Line itemThree Months Ended March 31, 20262025
Merchant revenues$3,698$2,918
Agency revenues1,5281,564
Advertising and other revenues306280
Total revenues5,5324,762
Operating expenses:
Marketing expenses2,0681,777
Sales and other expenses804702
Personnel, including stock-based compensation of $141 and $142, respectively893693

Item 1. Financial Statements

FAQ

What is Booking Holdings Inc.'s agency revenues — total revenues?
Booking Holdings Inc. (BKNG) reported agency revenues — total revenues of $1.53B in Q1 2026.
How has Booking Holdings Inc.'s agency revenues — total revenues changed year-over-year?
Booking Holdings Inc.'s agency revenues — total revenues decreased by 2.3% year-over-year, from $1.56B to $1.53B.
What is the long-term trend for Booking Holdings Inc.'s agency revenues — total revenues?
Over 4 years (2021 to 2025), Booking Holdings Inc.'s agency revenues — total revenues has grown at a 4.6% compound annual growth rate (CAGR), from $6.66B to $7.97B.
What does agency revenues — total revenues mean?
This metric represents the total revenue generated from travel-related transactions where the company acts as an intermediary and does not collect payment directly from the traveler. It primarily consists of commissions earned from travel service providers, along with global distribution system fees and reservation booking fees. This segment reflects the company's performance in its core agency-based business model where it facilitates bookings without acting as the merchant of record.

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