Booking Holdings Inc. BKNG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 32.6%+0.1pp | 32.8%+1.0pp | 32.7%+4.8pp | 32.8%+4.5pp | 32.5%+4.4pp | |
| Net margin | 22.2%-0.4pp | 20.1%-4.7pp | 19.4%-2.5pp | 19.2%-3.2pp | 22.6%+0.8pp | |
| EBITDA margin | 34.8%-0.2pp | 35.1%+0.8pp | 35.2%+4.8pp | 35.3%+4.5pp | 35%+4.6pp | |
| Free cash flow margin | 32.6%-2.6pp | 33.8%+0.5pp | 31.9%-4.9pp | 36.9%+3.4pp | 35.2%+4.4pp | |
| Returns | ||||||
| Return on assets | 22.4%+2.6pp | 19%-3.6pp | 17.8%-1.0pp | 16.3%-2.0pp | 19.8%+1.7pp | |
| 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×-0.2× | 1.3×0.0× | 1.3×+0.1× | 1.2×+0.1× | 1.2×0.0× | |
| Quick ratio | 1.1×-0.2× | 1.3×0.0× | 1.3×+0.1× | 1.2×+0.1× | 1.2×0.0× | |
| Cash ratio | 0.8×-0.1× | 1×0.0× | 1×+0.1× | 0.9×0.0× | 1×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 0.7×+0.1× | 0.7×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Net debt / EBITDA | 0.3×+0.2× | 0.2×+0.1× | 0.1×0.0× | 0.2×0.0× | 0.1×-0.2× | |
| Interest coverage | 7.4×+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 / earnings | 21.7×-6.1× | 31.9×+4.0× | 34.7×+6.7× | 37.1×+10.3× | 27.8×+2.0× | |
| Price / sales | 4.8×-1.5× | 6.4×-0.5× | 6.7×+0.6× | 7.1×+1.1× | 6.3×+0.6× | |
| EV / EBITDA | 14.1×-3.9× | 18.5×-1.8× | 19.2×-1.1× | 20.3×+0.7× | 18×-0.7× | |
| EV / sales | 4.9×-1.4× | 6.5×-0.5× | 6.8×+0.6× | 7.2×+1.1× | 6.3×+0.6× | |
| Free cash flow yield | 6.8%+1.2pp | 5.3%+0.5pp | 4.8%-1.3pp | 5.2%-0.4pp | 5.6%+0.1pp | |
| Earnings yield | 4.6%+1.0pp | 3.1%-0.4pp | 2.9%-0.7pp | 2.7%-1.0pp | 3.6%-0.3pp | |
| Dividend yield | 1%+0.2pp | 0.7%0.0pp | 0.7%+0.1pp | 0.7%+0.2pp | 0.8%+0.5pp | |
| PEG ratio | 1.6×-0.4× | —— | 218.4×— | —— | 2.1×+0.7× |
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.
