Booking Holdings Inc. BKNG
Our mission is to make it easier for everyone to experience the world. We aim to provide consumers with a best-in-class experience with tailored planning, payment, language, and other options seamlessly connecting them with our travel service provider partners. We offer these services through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK, and OpenTable:
We are proud of the meaningful progress we are making on our strategic initiatives as we continue to create more value for our consumers and partners, including:
•integrating new generative artificial intelligence ("Gen AI") features to enhance the consumer and partner experience and drive efficiencies in our operations;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.92B | $23.74B | $21.36B | $17.09B | $10.96B | $6.80B | $15.07B | $14.53B | $12.68B | $10.74B |
| Cost of revenue | — | — | — | — | — | — | — | — | $242.0M | $415.0M |
| Gross profit | — | — | — | — | — | — | — | — | $12.44B | $10.33B |
| SG&A | $857.0M | $1.04B | $1.56B | $766.0M | $522.0M | $581.0M | $797.0M | $699.0M | $576.0M | $452.0M |
| Total operating expenses | $18.09B | $16.18B | $15.53B | $11.99B | $8.46B | $7.43B | $9.72B | $9.19B | $7.90B | $7.42B |
| Operating income | $8.82B | $7.55B | $5.83B | $5.10B | $2.50B | -$631.0M | $5.34B | $5.34B | $4.54B | $2.91B |
| Interest expense | $1.62B | $1.29B | $897.0M | $391.0M | $334.0M | $356.0M | $266.0M | $269.0M | $254.0M | $208.0M |
| Pre-tax income | $6.83B | $7.29B | $5.48B | $3.92B | $1.47B | $567.0M | $5.96B | $4.83B | $4.40B | $2.71B |
| Income tax | $1.43B | $1.41B | $1.19B | $865.0M | $300.0M | $508.0M | $1.09B | $837.0M | $2.06B | $578.0M |
| Net income | $5.40B | $5.88B | $4.29B | $3.06B | $1.17B | — | — | — | — | — |
| EPS, basic | 166.52 | 174.96 | 118.67 | 76.70 | 28.39 | 1.45 | 112.93 | 84.26 | 47.78 | 43.14 |
| EPS, diluted | 165.57 | 172.69 | 117.40 | 76.35 | 28.17 | 1.44 | 111.82 | 83.26 | 46.86 | 42.65 |
| Shares, diluted (wtd. avg.) | $32.6M | $34.1M | $36.5M | $40.1M | $41.4M | $41.2M | $43.5M | $48.0M | $50.0M | $50.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.20B | $16.16B | $12.13B | $12.25B | $11.15B | $10.58B | $6.33B | $2.65B | $2.56B | $2.08B |
| Short-term investments | — | $0 | $576.0M | $175.0M | $25.0M | $501.0M | $998.0M | $3.66B | $4.86B | $2.22B |
| Receivables | — | — | — | — | — | — | — | $1.52B | $1.22B | $860.1M |
| Total current assets | $22.26B | $20.49B | $17.03B | $15.80B | $13.14B | $12.21B | $9.83B | $8.41B | $9.04B | $5.40B |
| Property, plant and equipment | $807.0M | $832.0M | $784.0M | $669.0M | $822.0M | $756.0M | $738.0M | $656.0M | $480.0M | $347.0M |
| Goodwill | $2.67B | $2.80B | $2.83B | $2.81B | $2.89B | $1.90B | $2.91B | $2.91B | $2.74B | $2.40B |
| Other intangibles | $918.0M | $1.38B | $1.61B | $1.83B | $2.06B | $1.81B | $1.95B | $2.12B | $2.18B | $1.99B |
| Total assets | $29.26B | $27.71B | $24.34B | $25.36B | $23.64B | $21.87B | $21.40B | $22.69B | $25.45B | $19.84B |
| Accounts payable | $5.09B | $3.82B | $3.37B | $2.51B | $1.59B | $735.0M | $1.24B | $1.13B | $668.0M | $419.1M |
| Short-term debt | $1.88B | $1.75B | $1.96B | $500.0M | $1.99B | $985.0M | — | — | — | — |
| Total current liabilities | $16.70B | $15.65B | $13.33B | $8.47B | $6.25B | $3.42B | $5.37B | $3.56B | $3.50B | $2.86B |
| Long-term debt | $16.86B | $14.85B | $12.22B | $11.98B | $8.94B | $11.03B | $7.64B | $8.65B | $8.81B | $6.17B |
| Total liabilities | $34.84B | $31.73B | $27.09B | $22.58B | $17.46B | $16.98B | $15.47B | $13.90B | $14.19B | $9.99B |
| Retained earnings | $40.67B | $36.52B | $31.83B | $27.54B | $24.45B | $23.29B | $23.23B | $18.37B | $13.94B | $11.33B |
| Total equity | -$5.58B | -$4.02B | -$2.74B | $2.78B | $6.18B | $4.89B | $5.93B | $8.79B | $11.26B | $9.82B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.41B | $8.32B | $7.34B | $6.55B | $2.82B | $85.0M | $4.87B | $5.34B | $4.66B | $3.98B |
| Depreciation and amortisation | $623.0M | $591.0M | $504.0M | $451.0M | $421.0M | $458.0M | $469.0M | $426.0M | $363.0M | — |
| Capital expenditure | $322.0M | $429.0M | $345.0M | $368.0M | $304.0M | $286.0M | $368.0M | $442.0M | $288.0M | $220.0M |
| Investing cash flow | -$313.0M | $129.0M | $1.49B | -$518.0M | -$998.0M | $2.64B | $7.05B | $2.21B | -$4.20B | -$3.33B |
| Financing cash flow | -$8.91B | -$4.20B | -$8.91B | -$4.90B | -$1.24B | $1.53B | -$8.22B | -$7.43B | -$79.0M | -$1.0M |
| Dividends paid | $1.25B | $1.17B | $0 | $0 | — | — | — | — | — | — |
| Buybacks | $6.44B | $6.51B | $10.38B | $6.62B | $163.0M | $1.30B | $8.19B | $5.97B | $1.83B | $1.01B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001308179-26-000310.
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