Booking Holdings Inc.
Financial Performance
Booking Holdings Revenue & Financials
Revenue
$26.9B (FY2025)
Market Cap
$122.4B
Net Income
$5.4B
Employees
24,300
What is Booking Holdings's revenue?
Booking Holdings had $26.9B in revenue for fiscal year 2025, up 13.4% from 2024. Net income was $5.4B.
- Latest revenue
- $26.9B (FY2025)
- Year-over-year
- +13.4%
- Growth rate (CAGR)
- 10.7% over 9 years
- Peak revenue
- $26.9B (FY2025)
- Years of data
- 10
- Employees
- 24,300
- What is Booking Holdings's operating income?
- Booking Holdings reported operating income of $8.8B for fiscal year 2025. sec.gov
- How much profit does Booking Holdings make?
- Booking Holdings reported net income of $5.4B for fiscal year 2025. sec.gov
- How many employees does Booking Holdings have?
- Booking Holdings has about 24,300 employees.
Financial Analysis
Revenue grew from $10.7 billion in 2016 to $26.9 billion in 2025, apart from the 2020 collapse to $6.8 billion when the pandemic halted travel. Net income was $5.4 billion in 2025, down from $5.9 billion in 2024 despite higher sales, partly because of a $457 million impairment on KAYAK. Free cash flow reached $9.1 billion in 2025, and the company returned $8.2 billion to shareholders that year through buybacks and a dividend first paid in 2024. In Q2 2026 revenue rose 8% to $7.35 billion. Booking Holdings is the world's leading provider of online travel and related services, commanding a massive market valuation historically exceeding $120 billion.
Revenue Trend Analysis
YoY Change
+13.4%
9-Year CAGR
+10.7%
Peak Year
2025
Trend
Consistent Growth
Booking Holdings Inc. has 10 full fiscal year figures on this page, compounding at +10.7% annually over 9 years. The most recent year saw a 13.4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $26.9B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Booking Holdings Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $9.4B | $322M | $29.3B | $34.8B | -$5.6B | $9.1B | Form 10-K |
| FY2024ended Dec 31, 2024 | $8.3B | $429M | $27.7B | $31.7B | -$4B | $7.9B | Form 10-K |
| FY2023ended Dec 31, 2023 | $7.3B | $345M | $24.3B | $27.1B | -$2.7B | $7B | Form 10-K |
| FY2022ended Dec 31, 2022 | $6.6B | $368M | $25.4B | $22.6B | $2.8B | $6.2B | Form 10-K |
| FY2021ended Dec 31, 2021 | $2.8B | $304M | $23.6B | $17.5B | $6.2B | $2.5B | Form 10-K |
| FY2020ended Dec 31, 2020 | $85M | $286M | $21.9B | $17B | $4.9B | -$201M | Form 10-K |
| FY2019ended Dec 31, 2019 | $4.9B | $368M | $21.4B | $15.5B | $5.9B | $4.5B | Form 10-K |
| FY2018ended Dec 31, 2018 | $5.3B | $442M | $22.7B | $13.9B | $8.8B | $4.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | $4.7B | $288M | $25.5B | $14.2B | $11.3B | $4.4B | Form 10-K |
| FY2016ended Dec 31, 2016 | $4B | $220M | $19.8B | $10B | $9.8B | $3.8B | Form 10-K |
Keep researching Booking Holdings
Booking Holdings Revenue and Financial FAQ
What was Booking Holdings' revenue in 2025?
Revenue was $26.917 billion for the year ended 31 December 2025, up 13.4% from $23.739 billion in 2024, or about 10% in constant currency. Gross bookings rose 12% to $186.1 billion and room nights 8% to 1.235 billion.
Is Booking Holdings profitable?
Yes. Net income was $5.404 billion in 2025, a 20.1% margin, down from $5.882 billion in 2024, partly because of a $457 million KAYAK impairment. Adjusted EBITDA passed $9.9 billion at a 36.9% margin, up from 35.0%.
How much free cash flow does Booking Holdings generate?
Free cash flow was $9.1 billion in 2025, up 15% from 2024. In Q2 2026 alone it was $3.6 billion.
How much does Booking Holdings return to shareholders?
It returned $8.2 billion in 2025, including $5.9 billion of share repurchases, and $4.1 billion in Q2 2026, including a record $3.7 billion of repurchases. The board has authorised up to $20 billion of buybacks. The first quarterly dividend, $8.75 a share, was paid in 2024; in early 2026 it was raised 9.4% to $10.50, or $0.42 after the 25-for-1 split.
What is Booking Holdings' market cap?
About $122.4 billion on 30 September 2026, at $162.91 a share, down from $172.6 billion at the end of 2025. The shares trade on Nasdaq as BKNG and have split-adjusted prices since a 25-for-1 split on 6 April 2026.
What are Booking Holdings' biggest expenses?
Marketing was $8.19 billion in 2025, followed by sales and other expenses of $3.45 billion (mostly merchant payment costs), personnel of $3.40 billion, IT of $908 million and general and administrative costs of $857 million.
How did Booking Holdings perform in 2026 so far?
Q2 2026 revenue rose 8% to $7.35 billion, gross bookings 9% to $51.0 billion and room nights 5% to 325 million, with GAAP net income of $1.95 billion. Booking guided to 3% to 5% room-night growth for Q3, citing the Middle East conflict among other factors.
What did COVID-19 do to Booking's finances?
Revenue fell from $15.07 billion in 2019 to $6.80 billion in 2020 and net income from $4.87 billion to $59 million. Revenue recovered to $10.96 billion in 2021 and passed the pre-pandemic level in 2022 at $17.09 billion.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Booking Holdings Revenue & Financials." CorpDigest, https://corpdigest.com/company/booking-holdings/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Booking Holdings reported $26.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/booking-holdings/financials" target="_blank" rel="noopener">CorpDigest — Booking Holdings financials</a></div>Related Financial Audits
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