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Booking Holdings Inc.

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Booking Holdings Company Profile: Revenue, Business Model & Strategy

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Booking Holdings Inc. is the Norwalk, Connecticut parent of Booking.com, Priceline, Agoda, KAYAK and OpenTable. Founded as Priceline.com by Jay S. Walker in 1997 and led by CEO Glenn Fogel since 2017, it reported $26.9 billion of revenue and $5.4 billion of net income in FY2025.

How Booking Holdings makes money: Booking Holdings earns money in three ways. Merchant revenue ($17.76 billion, 66% of FY2025 revenue) comes from bookings where Booking.com, Agoda or Priceline collects the traveler's payment, pays the property and keeps…

Annual Revenue (FY2025)$26.9B
Employees24,300
CEOGlenn Fogel
Founded1997
IndustryTravel & Hospitality
By Swet ParvadiyaLast reviewed:

Booking Holdings Inc. key figures

Booking Holdings Inc. had revenue of $26.9B for fiscal year 2025, up 13.4% from FY2024. Net income was $5.4B, a net margin of 20.1%.

Source: Booking Holdings Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-18) · Last reviewed October 2026

Revenue growth, FY2016 to FY2025
+10.7% a year
Compound annual rate, $10.7B to $26.9B
Peak revenue year
FY2025
The latest annual year is the highest in this series
Revenue per employee
$1.1M
FY2025 revenue divided by 24,300 employees; headcount may use another date
Current chief executive
Glenn Fogel
In the role since 2017 (9 years)
Documented transactions
8
Between 2004 and 2022
Founded
1997
29 years ago
Where was Booking Holdings founded?
Booking Holdings was founded in Stamford, Connecticut, United States in 1997. en.wikipedia.org
When did Booking Holdings start?
Booking Holdings was founded in 1997.
How old is Booking Holdings?
Booking Holdings is 29 years old as of 2026.
In-Depth Analysis
388 words · 2 min read

How does Booking Holdings make money?

It takes a share of the travel it sells rather than owning hotels or planes. Merchant revenue, where Booking.com, Agoda or Priceline collects the traveler's payment and pays the property, was $17.76 billion in 2025 (66%), up 25.5%. Agency commissions billed to hotels after a guest pays them directly were $7.97 billion (30%), down 6.5%. Advertising and other revenue, mostly KAYAK and OpenTable, was $1.19 billion (4%). Marketing was the largest cost at $8.19 billion.

Who owns Booking Holdings?

It is a public company with no controlling shareholder. Its shares trade on Nasdaq as BKNG and it is in the S&P 500. A 25-for-1 stock split took effect in April 2026, and the market value was about $122.4 billion on 30 September 2026.

Who runs Booking Holdings?

Glenn Fogel has been President and CEO since January 2017 and also runs Booking.com. Ewout Steenbergen has been CFO since March 2024. Earlier CEOs were Jeffery Boyd (2002 to 2013) and Darren Huston (2014 to 2016).

Which acquisitions built Booking Holdings?

Active Hotels (2004, about $161 million), Bookings BV (2005, about $133 million), which together became Booking.com, Agoda (2007), KAYAK (2013, $1.8 billion), OpenTable (2014, $2.6 billion), Momondo Group (2017, $550 million) and Getaroom (2021, about $1.2 billion). The EU blocked its ~$1.84 billion (€1.63 billion) bid for flight seller Etraveli in 2023, and the General Court upheld that veto in September 2026.

Who are Booking Holdings' competitors?

Expedia Group, Airbnb, Trip.com Group, Google's travel search and hotel chains such as Marriott and Hilton that push direct bookings. In the EEA, the European Commission put Booking's share of hotel online travel agency services at 60% to 70%.

What changed in 2026?

Q2 2026 revenue rose 8% to $7.35 billion, but Booking guided to slower 3% to 5% room-night growth for Q3, citing the Middle East conflict among other factors. Peer Bueller became KAYAK CEO in February, and on 29 September KAYAK's co-founders launched Lola, a Booking-owned AI travel assistant.

Booking Holdings Inc. Key Facts

CompanyBooking Holdings Inc.
Annual revenue change+13.4% (FY2024–FY2025)
Financials$26.9B (FY2025, last reviewed October 2026)
Market Cap$122.4B
FY2025 net income$5.4B
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded1997
Founder(s)Jay S. Walker
CEOGlenn Fogel
HeadquartersNorwalk, Connecticut, United States
IndustryOnline Travel & Accommodations
Employees24,300+

Booking Holdings Company Profile: Revenue, Business Model & Strategy

"Booking Holdings owns no hotels, yet it booked 1.235 billion room nights in 2025. The Norwalk, Connecticut company behind Booking.com, Priceline, Agoda, KAYAK and OpenTable began as Priceline.com's 'Name Your Own Price' auction in 1997 and was rebuilt around a Dutch hotel site it bought for about $133 million in 2005."

Booking Holdings Inc. is the Norwalk, Connecticut parent of Booking.com, Priceline, Agoda, KAYAK and OpenTable. Founded as Priceline.com by Jay S. Walker in 1997 and led by CEO Glenn Fogel since 2017, it reported $26.9 billion of revenue and $5.4 billion of net income in FY2025.

Revenue

$26.9B

Founded

1997

Author: Swet ParvadiyaCompany Research

Recorded annual revenue change

Booking Holdings Inc. had $23.7B of annual revenue in FY2024 and $26.9B in FY2025. Revenue rose 13.4% between those fiscal years.

Source for FY2025

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Explore Booking Holdings In Depth

Detailed research across every dimension of Booking Holdings — history, financials, leadership, and strategy.

Company History

Priceline was built in 1997 on Jay Walker's patented 'Name Your Own Price' auction for airline seats, but the company's future was set in 2005 when it paid about $133 million for Amsterdam hotel site Bookings BV, now…

Full Booking Holdings history →

Revenue & Financials

Booking Holdings had $26.9B in revenue for fiscal year 2025. Data covers 10 fiscal years. Market capitalization stands at approximately $122B.

Booking Holdings financials →

Founders

Booking Holdings was founded by Jay S. Walker in 1997 in Stamford, Connecticut, United States. Explore each founder's background, motivations, and their role in building the company.

Booking Holdings founders →

CEO & Leadership

Booking Holdings is currently led by Glenn Fogel. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Booking Holdings CEO history →

Business Model

Booking Holdings earns money in three ways. Merchant revenue ($17.76 billion, 66% of FY2025 revenue) comes from bookings where Booking.com, Agoda or Priceline collects the traveler's payment, pays the property and keeps…

How Booking Holdings makes money →

Acquisitions

Booking Holdings has completed 8 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Booking Holdings acquisitions →

Competitive Strategy

Booking's strategy is the 'Connected Trip': one app and one payment for flights, stays, car hire, attractions and dining, with AI handling planning and disruptions.

Booking Holdings strategy →

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Swet Parvadiya

Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

Sources & References

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Primary source: www.bookingholdings.com

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Frequently Asked Questions About Booking Holdings

What is Booking Holdings Inc. and what brands does it own?

Booking Holdings Inc. is an online travel company headquartered in Norwalk, Connecticut, operating in more than 220 countries and territories. Its five primary consumer brands are Booking.com, Priceline, Agoda, KAYAK and OpenTable, and smaller brands include Rocketmiles, FareHarbor, HotelsCombined, Cheapflights and Momondo.

How does Booking Holdings make money?

From a share of the travel it sells. In 2025 merchant revenue, where it collects the traveler's payment and pays the property, was $17.76 billion; agency commissions billed to hotels were $7.97 billion; and advertising and other revenue, mainly KAYAK and OpenTable, was $1.19 billion. Total revenue was $26.9 billion.

Who owns Booking Holdings?

Its public shareholders. Booking Holdings has no controlling owner; its shares trade on Nasdaq under the ticker BKNG and it is in the S&P 500. It was worth about $122.4 billion on 30 September 2026.

Who is the Chief Executive Officer of Booking Holdings?

Glenn D. Fogel has been President and CEO of Booking Holdings since January 2017 and CEO of Booking.com since June 2019. A former investment banker who joined Priceline in 2000, he ran corporate development during the Booking.com, Agoda and KAYAK acquisitions.

What is the 'Connected Trip' vision championed by Booking Holdings?

The Connected Trip is Booking's plan to let a traveler book flights, stays, car hire, attractions and other services in one itinerary with one payment, with AI help when plans change. Flights are the fastest-growing part: 68 million airline tickets in 2025, up 37%.

What is Booking.com and why is it the dominant global accommodation platform?

Booking.com started as Bookings.nl in the Netherlands in 1996 and was bought by Priceline in 2005. Now based in Amsterdam, it reports more than 31 million listings, including about 8.8 million homes, apartments and other alternative stays, and produces most of the group's revenue.

What is Priceline and how was it originally founded?

Priceline was founded in 1997 by Jay S. Walker around a patented 'Name Your Own Price' bidding system for airline tickets, later hotels and rental cars. It is now Booking Holdings' US travel agency brand, known for Express Deals and package bookings.

What is Agoda and what is its geographic market focus?

Agoda is Booking Holdings' Asia-focused booking brand, headquartered in Singapore with large operations in Bangkok. Bought in 2007 for about $16 million plus earn-outs, it sells hotels, homes, flights and activities with local payment options.

What is OpenTable and how does it fit into the Booking ecosystem?

OpenTable is a restaurant reservation app and table management system bought by The Priceline Group for $2.6 billion in 2014. Restaurants pay subscription and per-diner fees, and OpenTable helped lift Booking's advertising and other revenue 11.3% in 2025.

Which stock exchange lists Booking Holdings Inc. shares for public trading?

Booking Holdings trades on the Nasdaq Global Select Market as BKNG and is in the S&P 500 and Nasdaq-100. A 25-for-1 stock split took effect on 6 April 2026, cutting the share price from above $4,000 to under $200.

Strategic Face-Off

Head-to-Head Comparisons

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Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.