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Booking Holdings Inc. BKNG Net debt / EBITDA

Net debt / EBITDA at other companies

Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
-0.3×-0.6×
Airbnb logo
AirbnbABNB
-5.6×
Hyatt Hotels logo
Hyatt HotelsH
6.3×+4.5×
Shopify logo
ShopifySHOP
-1×-1.2×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
-1.8×-2.6×
Alphabet Inc. logo
Alphabet Inc.GOOGL

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+2.0%

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$132.99B-11.8%
Enterprise value$135.91B-10.4%
P/E21.6×-6.1×
P/S4.8×-1.5×

Profitability

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

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

Calculated from Booking Holdings Inc.’s reported figures.

Based on the most recent quarter.

The official record: Booking Holdings Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Booking Holdings Inc.'s net debt / EBITDA?
Booking Holdings Inc. (BKNG) reported net debt / EBITDA of 0.3× in Q1 2026.
How has Booking Holdings Inc.'s net debt / EBITDA changed year-over-year?
Booking Holdings Inc.'s net debt / EBITDA increased by 177.2% year-over-year, from 0.1× to 0.3×.
What is the long-term trend for Booking Holdings Inc.'s net debt / EBITDA?
Over 3 years (2022 to 2025), Booking Holdings Inc.'s net debt / EBITDA has grown at a 23.3% compound annual growth rate (CAGR), from -0.3× to 0.6×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.