Booking Holdings vs Expedia Group (BKNG vs EXPE)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Booking Holdings is the larger company by revenue ($26.9B vs $14.7B) and market value ($138.2B vs $32.5B). Booking Holdings has grown revenue faster over the last 4 fiscal years (+145.6% cumulative vs +71.4%). Booking Holdings runs the higher operating margin (32.8% vs 12.7%).
About Booking Holdings
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.
Head to head (BKNG FY2025 vs EXPE FY2025)
| Metric | BKNGFY2025 | EXPEFY2025 |
|---|---|---|
| Revenue | $26.92B | $14.73B |
| Revenue growth (YoY) | 13.4% | 7.6% |
| Gross margin | — | — |
| Operating margin | 32.8% | 12.7% |
| Net margin | 20.1% | 8.8% |
| Net income | $5.40B | $1.29B |
| Diluted EPS | $165.57 | $9.81 |
| FCF margin | 33.8% | 21.1% |
| ROE | — | 50.8% |
| Debt / equity | — | 1.8× |
| Market cap | $138.23B | $32.51B |
| P/E (TTM) | 23.5× | 23.9× |
Fundamentals are from each company’s SEC filings (BKNG FY2025, EXPE FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| BKNG | $10.96B | $17.09B | $21.36B | $23.74B | $26.92B |
| EXPE | $8.60B | $11.67B | $12.84B | $13.69B | $14.73B |
Peer standing
Where each company ranks among the 403 Consumer Discretionary companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | BKNG | EXPE |
|---|---|---|
| Operating margin | 32.8%99th percentile of 348 | 12.7%82nd percentile of 348 |
| Net margin | 20.1%97th percentile of 377 | 8.8%78th percentile of 377 |
| FCF margin | 33.8%99th percentile of 350 | 21.1%97th percentile of 350 |
| Revenue growth (YoY) | +13.4%82nd percentile of 394 | +7.6%67th percentile of 394 |
| P/E (TTM) | 23.5×61st percentile of 249 | 23.9×63rd percentile of 249 |
| Short interest (days to cover) | 2.97d43rd percentile of 401 | 4.97d73rd percentile of 401 |
Short interest
| FINRA settlement data | BKNG | EXPE |
|---|---|---|
| Shares sold short | 29.8M | 9.4M |
| Change vs prior settlement | +17.7% | +25.8% |
| Days to cover | 2.97 | 4.97 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | BKNG | EXPE |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 4 ($10.2M) | 2 ($1.3M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
8 tracked 13F managers hold both Booking Holdings and Expedia Group as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Maverick Capital, Millennium Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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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 filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.