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Booking Holdings Inc. BKNG

Nasdaq · stock · Transportation Services · website · IPO 1999-03-29 · LEI

Booking Holdings Inc. statistics & valuation

Market cap$140.6B
P / S5.2×
P / FCF15.5×
Dividend yield0.89%
FCF margin33.8%
Net debt$1.5B
Net debt / EBITDA0.2×
Enterprise value USD$142.1B
EV / EBITDA15×
Earnings yield EBIT/EV6.2%
Return on capital70.2%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
96.10% 98.10% 2016201720182019202020212022202320242025
Operating margin (%)
27.10% 35.80% 36.80% 35.50% -9.30% 22.80% 29.90% 27.30% 31.80% 32.80% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
50.1M 50.0M 48.0M 43.5M 41.2M 41.4M 40.1M 36.5M 34.1M 32.6M 2016201720182019202020212022202320242025
Net debt ($)
$4.09B $6.27B $6.03B $1.33B $467.0M -$2.19B $264.0M $2.08B $434.0M $1.53B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
35.00% 34.50% 33.70% 29.80% -3.00% 23.00% 36.20% 32.80% 33.30% 33.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.63× 0.78× 0.98× 1.29× 2.25× 1.45× 4.49× 2016201720182019202020212022202320242025
EPS ($)
$42.65 $46.86 $83.26 $111.82 $1.44 $28.17 $76.35 $117.40 $172.69 $165.57 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Booking Holdings Inc. trades at about 1.3× earnings — near its 10-year norm (10-year range 0.7×–54×, median 1.3×).

0.7× 54×

Shaded band = 10-year range (0.7×–54×); dot = today's 1.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin————————98.1%96.1%
Operating margin32.8%31.8%27.3%29.9%22.8%-9.3%35.5%36.8%35.8%27.1%
FCF margin33.8%33.3%32.8%36.2%23.0%-3.0%29.8%33.7%34.5%35.0%
Debt / equity-3.36×-4.13×-5.17×4.49×1.45×2.25×1.29×0.98×0.78×0.63×
Current ratio1.331.311.281.862.103.561.832.362.581.89

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.