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Booking Holdings Inc. BKNG Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin32.6%+0.1pp32.8%+1.0pp32.7%+4.8pp32.8%+4.5pp32.5%+4.4pp
Net margin22.2%-0.4pp20.1%-4.7pp19.4%-2.5pp19.2%-3.2pp22.6%+0.8pp
EBITDA margin34.8%-0.2pp35.1%+0.8pp35.2%+4.8pp35.3%+4.5pp35%+4.6pp
Free cash flow margin32.6%-2.6pp33.8%+0.5pp31.9%-4.9pp36.9%+3.4pp35.2%+4.4pp
Returns
Return on assets22.4%+2.6pp19%-3.6pp17.8%-1.0pp16.3%-2.0pp19.8%+1.7pp
Efficiency
Asset turnover+0.1×0.9×0.0×0.9×+0.1×0.8×0.0×0.9×0.0×
Liquidity
Current ratio1.1×-0.2×1.3×0.0×1.3×+0.1×1.2×+0.1×1.2×0.0×
Quick ratio1.1×-0.2×1.3×0.0×1.3×+0.1×1.2×+0.1×1.2×0.0×
Cash ratio0.8×-0.1×0.0×+0.1×0.9×0.0×0.0×
Leverage
Debt-to-assets0.7×+0.1×0.7×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Net debt / EBITDA0.3×+0.2×0.2×+0.1×0.1×0.0×0.2×0.0×0.1×-0.2×
Interest coverage7.4×+2.9×5.5×-0.4×4.5×-1.9×4.4×-2.4×4.5×-2.2×
Per Share
Book value per share-$10.99-48.7%-$170.90-44.8%-$145.46-34.8%-$204.08-63.5%-$7.39+93.7%
Valuation
Market capitalization$133.35B-11.8%$172.62B+5.0%$174.99B+23.9%$178.39B+32.7%$151.18B+21.9%
Enterprise value$136.27B-10.4%$174.83B+5.6%$176.01B+23.8%$179.79B+32.7%$152.1B+20.9%
Price / earnings21.7×-6.1×31.9×+4.0×34.7×+6.7×37.1×+10.3×27.8×+2.0×
Price / sales4.8×-1.5×6.4×-0.5×6.7×+0.6×7.1×+1.1×6.3×+0.6×
EV / EBITDA14.1×-3.9×18.5×-1.8×19.2×-1.1×20.3×+0.7×18×-0.7×
EV / sales4.9×-1.4×6.5×-0.5×6.8×+0.6×7.2×+1.1×6.3×+0.6×
Free cash flow yield6.8%+1.2pp5.3%+0.5pp4.8%-1.3pp5.2%-0.4pp5.6%+0.1pp
Earnings yield4.6%+1.0pp3.1%-0.4pp2.9%-0.7pp2.7%-1.0pp3.6%-0.3pp
Dividend yield1%+0.2pp0.7%0.0pp0.7%+0.1pp0.7%+0.2pp0.8%+0.5pp
PEG ratio1.6×-0.4×218.4×2.1×+0.7×

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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.