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BKNG Booking Holdings Inc.

NasdaqIndustrialsTransportation ServicesNorwalk, CTFY ends December 31

New 8-K: Filed an 8-K current report in the last 7 days.FY2025 10-K filed Feb 18, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$26.9BYoYup 13.39%ended Dec 31, 2025
Net income
—
Diluted EPS
$165.57YoYdown 4.12%
Free cash flow
$9.09B33.8% margin
Cash
$17.2BNet debt $1.53B
Total debt
$18.7B
About Booking Holdings Inc.

Overview

Booking Holdings Inc. (BKNG) is listed on Nasdaq; the SEC classifies it under "Transportation Services".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $26.92B, up 13.4% from fiscal 2024.

At fiscal year end it had total assets of $29.26B and stockholders' equity of -$5.58B (-19.1% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 18, 2026
Latest filing
10-QNov 3, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenue
FY2016$10.7B
FY2017$12.7B
FY2018$14.5B
FY2019$15.1B
FY2020$6.8B
FY2021$11B
FY2022$17.1B
FY2023$21.4B
FY2024$23.7B
FY2025$26.9B

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating margin
FY201696.0%27.1%
FY201798.0%35.8%
FY2018—36.8%
FY2019—35.5%
FY2020—-9.3%
FY2021—22.8%
FY2022—29.9%
FY2023—27.3%
FY2024—31.8%
FY2025—32.8%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$42.65
FY2017$46.86
FY2018$83.26
FY2019$111.82
FY2020$1.44
FY2021$28.17
FY2022$76.35
FY2023$117.40
FY2024$172.69
FY2025$165.57

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flow
FY2016—
FY2017—
FY2018$4.9B
FY2019$4.5B
FY2020-$201M
FY2021$2.52B
FY2022$6.19B
FY2023$7B
FY2024$7.89B
FY2025$9.09B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY201650.1M
FY201750M
FY201848M
FY201943.5M
FY202041.2M
FY202141.4M
FY202240.1M
FY202336.5M
FY202434.1M
FY202532.6M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$2.08B$6.17B
FY2017$2.54B$8.81B
FY2018$2.62B$8.65B
FY2019$6.31B$7.64B
FY2020$10.6B$11B
FY2021$11.1B$10.9B
FY2022$12.2B$12.5B
FY2023$12.1B$14.2B
FY2024$16.2B$16.6B
FY2025$17.2B$18.7B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Operating margin
32.8%
FCF margin
33.8%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 13.39%up 16.35%up 31.69%—
EPS (diluted)down 4.12%up 29.44%up 158.30%up 16.27%
Free cash flowup 15.11%up 13.68%——
Change in share count
-4.18%

Financial strength

Current ratio
1.33×
Debt / equity
—
Liabilities / assets
119.1%
Net debt
$1.53B
Interest coverage
5.46×
Equity / assets
-19.1%

Shareholder returns

Dividends per share
$9.60
Dividends paid
$1.25B
Buybacks
$6.44B
Stock comp. / revenue
2.3%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

3 of 5 checks passed

FY2025 vs FY2024

Not enough comparable 10-K data: a score needs at least 7 of the 9 checks.

  • —Not computablePositive return on assets—
  • PassPositive operating cash flow$9.41B
  • —Not computableReturn on assets improved—
  • —Not computableOperating cash flow above net income34.0% vs —
  • FailLong-term debt / assets fell57.6% vs 53.6%
  • PassCurrent ratio improved1.33× vs 1.31×
  • PassNo increase in share count32.6M vs 34.1M
  • —Not computableGross margin improved—
  • FailAsset turnover improved0.97× vs 0.98×

Altman Z''-Score

Safe zone (above 2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.190×6.561.25
Retained earnings / assets1.390×3.264.53
Operating income / assets0.302×6.722.03
Equity / liabilities-0.160×1.05-0.17
Z''7.64

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue26,91723,73921,36517,09010,9586,79615,06614,52712,68110,743
YoY (Revenue)+13.39%+11.11%+25.01%+55.96%+61.24%-54.89%+3.71%—+18.04%—
Gross profit————————12,43110,315
Operating income8,8257,5555,8355,1022,496-6315,3455,3414,5382,906
Interest expense1,6171,295897391334356266269254208
Pretax income6,8327,2925,4813,9231,4655675,9584,8354,3982,713
Income tax1,4281,4101,1928653005081,0938372,058578
EPS (basic)166.52174.96118.6776.7028.391.45112.9384.2647.7843.14
EPS (diluted)165.57172.69117.4076.3528.171.44111.8283.2646.8642.65
YoY (EPS (diluted))-4.12%+47.10%+53.77%+171.03%+1,856.25%-98.71%+34.30%+77.68%+9.87%—
Diluted shares (weighted)32.634.136.540.141.441.243.5485050.1

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents17,20316,16412,10712,22111,12710,5626,3122,6242,5422,081
Receivables———————1,5231,218860
Current assets22,26420,49117,03415,79813,14512,2069,8338,4079,0355,402
Goodwill2,6692,7992,8262,8072,8871,8952,9132,9102,7382,397
Intangible assets9181,3821,6131,8292,0571,8121,9542,1252,1771,994
Total assets29,26427,70824,34225,36123,64121,87421,40222,68725,45119,839
Current liabilities16,69815,64713,3308,4746,2463,4255,3663,5553,4982,859
Short-term debt1,8801,7451,9615001,989—————
Long-term debt16,85614,85312,22311,9858,93711,0297,6408,6498,8106,171
Total liabilities34,84231,72827,08622,57917,46316,98115,46913,90214,1889,990
Retained earnings40,67036,52531,83027,54124,45323,28823,23218,36713,93911,327
Stockholders' equity-5,578-4,020-2,7442,7826,1784,8935,9338,78511,2619,820
Shares outstanding31.732.834.237.640.94141.14548.349.2

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow9,4098,3237,3446,5542,820854,8655,338——
Capital expenditures322429345368304286368442288220
Free cash flow9,0877,8946,9996,1862,516-2014,4974,896——
YoY (Free cash flow)+15.11%+12.79%+13.14%+145.87%—-104.47%-8.15%———
Depreciation & amortization623591504451421458469426363309
Stock-based compensation613599530404——308317261250
Share repurchases6,4406,50910,3776,6211631,3038,1875,9711,8281,014
Dividends paid1,2481,174————————
Dividends per share9.608.75————————
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$165.57
Revenue per share
$824.69
FCF per share
$278.41
Book value per share
-$170.90
Tangible book per share
-$280.80
Cash per share
$527.07
Dividends per share
$9.60
Public floatas of Jun 30, 2025
$187B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-QNew
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-KNew
    Current report· Nov 3, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  4. 8-K
    Current report· Aug 4, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  5. 8-K
    Current report· Jun 2, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· May 5, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 8.01Other events
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· May 5, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 8.01Other events
    • 9.01Financial statements and exhibits
  8. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  9. 8-K
    Current report· Apr 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  10. DEF 14A
    Proxy statement· Jun 2, 2026(SEC EDGAR)
All filings on SEC EDGAR

Frequently asked questions

What does Booking Holdings Inc. do?

The SEC classifies Booking Holdings Inc. under Standard Industrial Classification (SIC) code 4700, "Transportation Services". It is headquartered in Norwalk, CT. It is incorporated in DE. In fiscal 2025 it reported revenue of $26.92B in its annual 10-K report.

What was Booking Holdings Inc.'s revenue in 2025?

Booking Holdings Inc. reported revenue of $26.92B for fiscal 2025, which ended Dec 31, 2025, up 13.4% from $23.74B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 18, 2026.

Where is Booking Holdings Inc. listed?

According to the SEC, Booking Holdings Inc.'s ticker BKNG is listed on Nasdaq.

When does Booking Holdings Inc.'s fiscal year end?

According to the SEC, Booking Holdings Inc.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.