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Booking Holdings Inc. BKNG Business Segments — Marketing expenses

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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$155.55B-13.3%
Enterprise value$158.47B-12.4%
P/E25.3×-12.0×
P/S5.6×-1.6×

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:MarketingExpense.

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
(In millions)Three Months Ended March 31, 20262025
Total revenues$5,532$4,762
Marketing expenses2,0681,777
Sales and other expenses818702
Personnel expenses834789
Other segment items550451
Segment Adjusted EBITDA less Capex$1,262$1,043

Item 1. Financial Statements

FAQ

What is Booking Holdings Inc.'s business segments — marketing expenses?
Booking Holdings Inc. (BKNG) reported business segments — marketing expenses of $2.07B in Q1 2026.
How has Booking Holdings Inc.'s business segments — marketing expenses changed year-over-year?
Booking Holdings Inc.'s business segments — marketing expenses increased by 16.4% year-over-year, from $1.78B to $2.07B.
What is the long-term trend for Booking Holdings Inc.'s business segments — marketing expenses?
Over 3 years (2022 to 2025), Booking Holdings Inc.'s business segments — marketing expenses has grown at a 11.0% compound annual growth rate (CAGR), from $5.99B to $8.19B.
What does business segments — marketing expenses mean?
Includes all costs associated with advertising, performance marketing, and customer acquisition campaigns specifically attributable to the reportable segment. This is a critical investment category for travel platforms to maintain brand visibility and drive traffic to booking sites. Monitoring this helps assess the efficiency of customer acquisition strategies relative to revenue growth.

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