Booking Holdings Inc. Deferred merchant bookings decreased by 16.1% to $5.27B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 30.7%, from $4.03B to $5.27B. Over 5 years (FY 2020 to FY 2025), Deferred merchant bookings shows an upward trend with a 74.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase signals strong future demand and booking volume, while a decrease may indicate slowing travel demand or seasonal shifts.
Customer payments received in advance for travel services that have not yet been fulfilled or recognized as revenue. Thi...
A key performance indicator for online travel agencies, reflecting the scale of the booking platform's intermediary role.
current_liabilities_deferred_merchant_bookings| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $1.90B | $1.09B | $906.00M | $2.77B | $4.40B | $2.25B | $2.22B | $4.50B | $6.04B | $3.72B | $3.25B | $5.33B | $6.93B | $4.91B | $4.03B | $6.87B | $9.15B | $6.28B | $5.27B |
| QoQ Change | — | -42.7% | -16.6% | +205.2% | +59.0% | -48.7% | -1.3% | +102.4% | +34.2% | -38.5% | -12.5% | +63.7% | +30.1% | -29.2% | -17.9% | +70.5% | +33.2% | -31.3% | -16.1% |
| YoY Change | — | — | — | — | +131.8% | +107.5% | +145.4% | +62.7% | +37.4% | +65.0% | +46.4% | +18.4% | +14.8% | +32.0% | +23.9% | +29.0% | +32.0% | +28.0% | +30.7% |
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