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Operating margin at other companies

Marriott International logo
Marriott InternationalMAR
16%+0.9pp
Expedia Group, Inc. logo
Expedia Group, Inc.EXPE
14.4%+4.6pp
Airbnb logo
AirbnbABNB
20.5%-1.7pp
Shopify logo
ShopifySHOP
13.3%+0.6pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
17.9%0.0pp
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%
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 trailing twelve months.

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 operating margin?
Booking Holdings Inc. (BKNG) reported operating margin of 32.6% in Q1 2026.
How has Booking Holdings Inc.'s operating margin changed year-over-year?
Booking Holdings Inc.'s operating margin increased by 0.4% year-over-year, from 32.5% to 32.6%.
What is the long-term trend for Booking Holdings Inc.'s operating margin?
Over 4 years (2021 to 2025), Booking Holdings Inc.'s operating margin has grown at a 51.3% compound annual growth rate (CAGR), from 24.9% to 130.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.