Reportable Segment — Segment Adjusted EBITDA less Capex
Booking Holdings Inc. Reportable Segment — Segment Adjusted EBITDA less Capex decreased by 48.9% to $2.16B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 17.0%, from $1.84B to $2.16B. Over 3 years (FY 2022 to FY 2025), Reportable Segment — Segment Adjusted EBITDA less Capex shows an upward trend with a 24.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher values indicate strong operational efficiency and effective capital allocation, while lower values suggest high reinvestment needs or declining profitability.
Detailed definition
A performance measure that subtracts capital expenditures from the segment's adjusted EBITDA to reflect the cash-generat...
Peer comparison
Comparable to 'Free Cash Flow' or 'Cash EBITDA' metrics used by capital-intensive technology and service firms.
bkng_segment_reportable_segment_segment_adjusted_ebitda_less_capexHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.28B | $1.28B | $1.28B | $1.28B | $1.76B | $1.76B | $1.76B | $1.76B | $860.00M | $1.81B | $3.67B | $1.84B | $1.04B | $2.44B | $4.22B | $2.16B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +37.5% | +0.0% | +0.0% | +0.0% | -51.0% | +109.9% | +103.4% | -49.8% | -43.4% | +133.6% | +73.1% | -48.9% |
| YoY Change | — | — | — | — | +37.5% | +37.5% | +37.5% | +37.5% | -51.0% | +2.8% | +109.2% | +5.0% | +21.3% | +35.0% | +14.9% | +17.0% |
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Frequently Asked Questions
- What is Booking Holdings Inc.'s reportable segment — segment adjusted ebitda less capex?
- Booking Holdings Inc. (BKNG) reported reportable segment — segment adjusted ebitda less capex of $2.16B in Q4 2025.
- How has Booking Holdings Inc.'s reportable segment — segment adjusted ebitda less capex changed year-over-year?
- Booking Holdings Inc.'s reportable segment — segment adjusted ebitda less capex increased by 17.0% year-over-year, from $1.84B to $2.16B.
- What is the long-term trend for Booking Holdings Inc.'s reportable segment — segment adjusted ebitda less capex?
- Over 3 years (2022 to 2025), Booking Holdings Inc.'s reportable segment — segment adjusted ebitda less capex has grown at a 24.5% compound annual growth rate (CAGR), from $5.11B to $9.85B.
- What does reportable segment — segment adjusted ebitda less capex mean?
- The segment's operating profit after accounting for necessary capital investments.