COVERAGE / BKNG / Consumer

Booking Holdings Inc.

Transportation Services

COVERAGE STATUSACTIVE

DATA THROUGH2025-12-31

RESEARCH REPORTS1

SELECTED FILINGS1

Fundamental matrix

Latest / 2025-12-31 · Prior / 2024-12-31 · USD · Annual periods

Revenue

$26.92bn

Prior / $23.74bn

Change / +13.39%

SOURCE / 2026-02-18

Operating income

$8.83bn

Prior / $7.56bn

Change / +16.81%

SOURCE / 2026-02-18

Net income

$5.4bn

Prior / $5.88bn

Change / -8.13%

SOURCE / 2026-02-18

Diluted EPS

$165.57

Prior / $172.69

Change / -4.12%

SOURCE / 2026-02-18

Free cash flow

$9.09bn

Prior / $7.89bn

Change / +15.11%

SOURCE / 2026-02-18

Gross margin

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

Operating margin

32.79%

Prior / 31.83%

Change / +0.96 pp

SOURCE / 2026-02-18

Return on avg. equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / 2026-02-18

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 26917000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:Revenues",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 5404000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8825000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 165.57,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 9409000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 322000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 29264000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 34842000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": -5578000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 22264000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 16698000000,
    "accn": "0001075531-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-18",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2025-12-31	$26.92bn	$5.4bn	$9.09bn	$165.57
2024-12-31	$23.74bn	$5.88bn	$7.89bn	$172.69
2023-12-31	$21.37bn	$4.29bn	$7bn	$117.40
2022-12-31	$17.09bn	$3.06bn	$6.19bn	$76.35

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2025-12-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	1.03x	Unavailable	30.90x	14
P/S	Unavailable	Unavailable	2.31x	13
P/B	Unavailable	Unavailable	11.78x	9
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	Unavailable	Unavailable	2.22%	9

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 170.52,
  "tradingDate": "2026-09-17",
  "marketCap": null,
  "source": "Yahoo Finance completed daily-bar snapshot; not live"
}

Company & operating context

Booking Holdings Inc. is an SEC-reporting issuer listed on NASDAQ under BKNG. Its SEC industry description is Transportation Services. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Retailers, consumer brands and service platforms balance demand, price, unit volume and operating costs.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-02-18PERIOD / 2025-12-31

BKNG filed this 10-K on 2026-02-18 for the reported period 2025-12-31. Reading focus: Unit volumes, comparable sales, inventory, pricing and operating leverage. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0026BKNGCompany Research

BKNG: reading the FY2025 financial structure ↗

Booking Holdings Inc.

Research abstract

Annual revenue of USD 26.917 billion and net income of USD 5.404 billion for the period ended 2025-12-31.

DATA THROUGH2025-12-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Consumer affordability, input inflation, competitive promotions and discretionary demand.

Unit volumes, comparable sales, inventory, pricing and operating leverage.

CONSUMER SYSTEM ↗

Sources & dates

SEC annual filing · 2025-12-31 ↗Source date 2026-02-18
SEC annual filing · 2024-12-31 ↗Source date 2026-02-18
SEC annual filing · 2023-12-31 ↗Source date 2026-02-18
SEC annual filing · 2022-12-31 ↗Source date 2025-02-20
SEC issuer record ↗Source date 2026-09-18