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Nasdaq · Consumer Discretionary

Booking Holdings Inc. (BKNG)

As-reported financials and SEC filings for Booking Holdings Inc. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Booking Holdings Inc.

Booking Holdings Inc. operates online travel and restaurant reservation services through its brands Booking.com, Priceline, Agoda, KAYAK, and OpenTable. The company offers accommodations, flights, ground transportation, activities, and restaurant reservations to consumers worldwide. It serves travelers by facilitating bookings and payments with travel service providers and restaurants, primarily through its online platforms.

Snapshot

Revenue
$26.92B
Revenue growth (YoY)
13.4%
Net income
$5.40B
Diluted EPS
$165.57
Gross margin
Operating margin
32.8%
Net margin
20.1%
FCF margin
33.8%
ROE
net income / fiscal-year-end equity
P/E
20.0×
trailing when available, otherwise FY EPS
Market cap
$135.47B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Booking Holdings

  • Revenue grew 13.4% to $26.9B in FY2025, faster than the 11.1% the year before.
  • Operating margin is 32.8% in FY2025, +10.0 pp against 22.8% in FY2021.
  • Free cash flow was $9.1B in FY2025, 33.8% of revenue.
  • Net income fell 8.1% to $5.4B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Booking Holdings’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin32.8%
99th percentile of 348
Net margin20.1%
97th percentile of 377
FCF margin33.8%
99th percentile of 352
Revenue growth (YoY)+13.4%
82nd percentile of 394
P/E20.0×
57th percentile of 249
Short interest3.55d
45th percentile of 401

Booking Holdings’s operating margin of 32.8% ranks in the 99th percentile of the 348 Consumer Discretionary companies reporting it. Booking Holdings’s FCF margin of 33.8% ranks in the 99th percentile of the 352 Consumer Discretionary companies reporting it. Booking Holdings’s net margin of 20.1% ranks in the 97th percentile of the 377 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 20 insider sales totaling $16.9M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
7
+5 quant / multi-strat
Initiated / added
12
2 new, 10 added
Reduced / exited
3
0 trimmed, 3 exited
Combined position
$7.56B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ2 2026$4.55B25.5MAdded
AQR Capital ManagementquantQ2 2026$909.1M5.1MAdded
First Eagle Investment ManagementQ2 2026$876.3M4.9MNew
D. E. ShawquantQ2 2026$359.9M2.0MAdded
Harris Associates (Oakmark)Q2 2026$277.6M1.6MNew
Millennium ManagementquantQ2 2026$252.4M1.4MAdded
Citadel AdvisorsquantQ2 2026$112.5M631.1KAdded
Giverny CapitalQ2 2026$93.2M522.7KAdded
Gotham Asset ManagementQ2 2026$73.2M410.5KAdded
Two Sigma InvestmentsquantQ2 2026$23.9M134.3KAdded
Wedgewood PartnersQ2 2026$23.8M133.4KAdded
Bridgewater AssociatesQ2 2026$7.5M42.1KAdded

No longer held by: Lone Pine Capital (as of Q2 2026), Maverick Capital (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
20
$16.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-01
filed 2026-09-02
MYLOD ROBERT J JRDirectorSell1.0K$200.00$200K
2026-08-31
filed 2026-09-01
Pisano PauloCHIEF HUMAN RESOURCES OFFICERSell3.0K$203.48$610K
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell12.3K$205.76$2.5M
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell9.3K$204.91$1.9M
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell8.7K$208.05$1.8M
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell5.2K$210.00$1.1M
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell5.0K$208.73$1.0M
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell3.6K$211.03$766K
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell2.9K$212.32$614K
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell2.6K$206.58$543K
2026-08-17
filed 2026-08-18
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell390$212.88$83K
2026-08-17
filed 2026-08-18
WITTMAN VANESSA AMESDirectorSell375$211.00$79K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
21.2M
settled 2026-08-14
Change vs prior
-10.3%
vs previous settlement
Days to cover
3.55
at avg daily volume
Avg daily volume
6.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1421.2M-10.3%3.55
2026-07-3123.7M+3.9%4.09
2026-07-1522.8M-23.4%3.56
2026-06-3029.8M+17.7%2.97
2026-06-1525.3M+3.7%3.50
2026-05-2924.4M-5.4%3.16
2026-05-1525.8M-3.6%3.53
2026-04-3026.8M-0.6%3.62

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$26.92B$23.74B$21.36B$17.09B$10.96B
Gross profit
Operating income$8.82B$7.55B$5.83B$5.10B$2.50B
Net income$5.40B$5.88B$4.29B$3.06B$1.17B
Diluted EPS$165.57$172.69$117.40$76.35$28.17

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$9.41B$8.32B$7.34B$6.55B$2.82B
Capital expenditure$322.0M$429.0M$345.0M$368.0M$304.0M
Free cash flow$9.09B$7.89B$7.00B$6.19B$2.52B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryTransportation Services
Latest annual periodFY2025 (ended December 31, 2025)
Oldest indexed filing2014
SEC CIK1075531

Selected SEC filings

10-K2026-02-18
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-04-28
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-29
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-02
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.