Booking Holdings Inc. BKNG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 32.6%-0.2pp | 32.8%+0.1pp | 32.7%-0.1pp | 32.8%+0.4pp | 32.5%+0.7pp | |
| Net margin | 22.2%+2.2pp | 20.1%+0.7pp | 19.4%+0.1pp | 19.2%-3.3pp | 22.6%-2.2pp | |
| EBITDA margin | 34.8%-0.3pp | 35.1%-0.1pp | 35.2%-0.2pp | 35.3%+0.3pp | 35%+0.7pp | |
| Free cash flow margin | 32.6%-1.1pp | 33.8%+1.8pp | 31.9%-5.0pp | 36.9%+1.7pp | 35.2%+2.0pp | |
| Returns | ||||||
| Return on assets | 22.4%+3.4pp | 19%+1.2pp | 17.8%+1.5pp | 16.3%-3.6pp | 19.8%-2.8pp | |
| Efficiency | ||||||
| Asset turnover | 1×+0.1× | 0.9×0.0× | 0.9×+0.1× | 0.8×0.0× | 0.9×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.1×-0.3× | 1.3×0.0× | 1.3×+0.1× | 1.2×0.0× | 1.2×-0.1× | |
| Quick ratio | 1.1×-0.3× | 1.3×0.0× | 1.3×+0.1× | 1.2×0.0× | 1.2×-0.1× | |
| Cash ratio | 0.8×-0.2× | 1×0.0× | 1×+0.1× | 0.9×0.0× | 1×-0.1× | |
| Leverage | ||||||
| Debt-to-assets | 0.7×0.0× | 0.7×+0.1× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Net debt / EBITDA | 0.3×+0.1× | 0.2×+0.1× | 0.1×0.0× | 0.2×0.0× | 0.1×0.0× | |
| Interest coverage | 7.4×+1.9× | 5.5×+0.9× | 4.5×+0.2× | 4.4×-0.2× | 4.5×-1.3× | |
| Per Share | ||||||
| Book value per share | -$10.99+93.6% | -$170.90-17.5% | -$145.46+28.7% | -$204.08-2,661% | -$7.39+93.7% | |
| Valuation | ||||||
| Market capitalization | $133.35B-22.7% | $172.62B-1.4% | $174.99B-1.9% | $178.39B+18.0% | $151.18B-8.1% | |
| Enterprise value | $136.27B-22.1% | $174.83B-0.7% | $176.01B-2.1% | $179.79B+18.2% | $152.1B-8.1% | |
| Price / earnings | 21.7×-10.3× | 31.9×-2.7× | 34.7×-2.4× | 37.1×+9.3× | 27.8×-0.2× | |
| Price / sales | 4.8×-1.6× | 6.4×-0.3× | 6.7×-0.4× | 7.1×+0.9× | 6.3×-0.7× | |
| EV / EBITDA | 14.1×-4.4× | 18.5×-0.7× | 19.2×-1.1× | 20.3×+2.3× | 18×-2.3× | |
| EV / sales | 4.9×-1.6× | 6.5×-0.3× | 6.8×-0.4× | 7.2×+0.9× | 6.3×-0.7× | |
| Free cash flow yield | 6.8%+1.5pp | 5.3%+0.5pp | 4.8%-0.4pp | 5.2%-0.4pp | 5.6%+0.8pp | |
| Earnings yield | 4.6%+1.5pp | 3.1%+0.2pp | 2.9%+0.2pp | 2.7%-0.9pp | 3.6%0.0pp | |
| Dividend yield | 1%+0.2pp | 0.7%0.0pp | 0.7%0.0pp | 0.7%-0.1pp | 0.8%+0.1pp | |
| PEG ratio | 1.6×— | —— | 218.4×— | —— | 2.1×+1.3× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Booking Holdings Inc.'s profit margins?
- Booking Holdings Inc. (BKNG) runs a 98.1% gross margin and a 32.6% operating margin, with a 22.2% net margin.
- Where do Booking Holdings Inc.'s ratios come from?
- Every ratio is computed from Booking Holdings Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
