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Nasdaq · Consumer Discretionary

Booking Holdings Inc. (BKNG)

As-reported financials and recent SEC filings for Booking Holdings Inc., latest fiscal period 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
P/E (TTM)
24.6×
Market cap
$144.74B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (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 350
Revenue growth (YoY)+13.4%
82nd percentile of 394
P/E (TTM)24.6×
65th percentile of 249
Short interest3.56d
37th 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 350 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 open-market insider buys in the last 90 days; 4 insider sales totaling $10.2M. For context, about 16% of companies in the universe saw any open-market insider buying 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 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
7
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
9
8 trimmed, 1 exited
Combined position
$6.79B
reported long value
InvestorAs ofPosition valueSharesChange
Dodge & CoxQ1 2026$4.20B997.5KAdded
AQR Capital ManagementquantQ1 2026$1.32B318.5KAdded
D. E. ShawquantQ1 2026$617.4M146.6KReduced
Citadel AdvisorsquantQ1 2026$379.5M90.1KAdded
Giverny CapitalQ1 2026$88.9M21.1KReduced
Gotham Asset ManagementQ1 2026$54.5M13.0KAdded
Millennium ManagementquantQ1 2026$45.1M10.7KReduced
Point72 Asset ManagementquantQ1 2026$31.1M7.4KNew
Wedgewood PartnersQ1 2026$23.2M5.5KReduced
Two Sigma InvestmentsquantQ1 2026$22.3M5.3KReduced
Lone Pine CapitalQ1 2026$10.1M2.4KReduced
Maverick CapitalQ1 2026$736,806175Reduced
Bridgewater AssociatesQ1 2026$227,35754Reduced

No longer held by: Renaissance Technologies (as of Q1 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
open-market
Bought (90d)
open-market value
Sells (90d)
4
$10.2M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-26
filed 2026-05-27
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell29.4K$163.58$4.8M
2026-05-26
filed 2026-05-27
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell20.4K$162.96$3.3M
2026-05-26
filed 2026-05-27
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell7.5K$164.64$1.2M
2026-05-26
filed 2026-05-27
MILLONES PETER JEXECUTIVE VP, GENERAL COUNSELSell5.3K$165.56$869K
2026-04-17
filed 2026-04-21
WITTMAN VANESSA AMESDirectorSell1.1K$192.00$216K
2026-04-15
filed 2026-04-16
Fogel Glenn DCEO AND PRESIDENTSell7.5K$186.01$1.4M
2026-04-15
filed 2026-04-16
Fogel Glenn DCEO AND PRESIDENTSell4.8K$185.36$882K
2026-04-15
filed 2026-04-16
Fogel Glenn DCEO AND PRESIDENTSell4.1K$184.35$762K
2026-04-15
filed 2026-04-16
Fogel Glenn DCEO AND PRESIDENTSell340$183.00$62K

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
22.8M
settled 2026-07-15
Change vs prior
-23.4%
vs previous settlement
Days to cover
3.56
at avg daily volume
Avg daily volume
6.4M
FINRA reported
SettlementShares shortChangeDays to cover
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
2026-04-1526.9M+3234.4%3.88
2026-03-31806.8K-15.5%2.50

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 methodology.

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 methodology.

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 methodology.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryTransportation Services
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK1075531

Recent SEC filings

10-K2026-02-18
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-04-28
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-29
View on EDGAR →
10-Q2025-04-29
View on EDGAR →
8-K2026-06-02
View on EDGAR →
8-K2026-05-11
View on EDGAR →

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