Booking Holdings

Consumer Discretionary Hotels, Resorts & Cruise Lines Norwalk, Connecticut Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$26.9B
                    3y CAGR +16.3%
                    
                    P87
                    
                    +13.4%
                    
                    Net income
                    FY2025
                
$5.4B
                    Net margin +20.1%
                    
                    P92
                    
                    -8.1%
                    
                    Total assets
                    FY2025
                
$29.3B
                    ROA +18.5%
                    
                    P86
                    
                    +5.6%
                    
                    Operating cash flow
                    FY2025
                
$9.4B
                    FCF margin +33.8%
                    
                    P100
                    
                    +13.0%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $29.3B

Total liabilities $34.8B

Shareholders equity $-5.6B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	64.2%	68.2%	56.8%	71.7%	101.8%
Accounts Receivable	7.8%	8.4%	8.9%	8.8%	10.0%
Prepaid Expenses	2.3%	2.5%	3.0%	2.8%	3.7%
Other Current Assets	2.3%	2.3%	2.1%	4.1%	2.1%
Total Current Assets	82.7%	86.3%	79.7%	92.4%	120.0%
Property,Plant and Equipment	3.0%	3.5%	3.7%	3.9%	7.5%
Operating Lease Assets	2.3%	2.4%	3.3%	3.8%	4.5%
Goodwill	9.9%	11.8%	13.2%	16.4%	26.3%
Intangible Assets	3.4%	5.8%	7.5%	10.7%	18.8%
Long Term Investments	2.2%	2.3%	2.1%	16.3%	29.0%
Other Noncurrent Assets	5.2%	4.7%	4.4%	4.8%	9.7%
Total Assets	108.7%	116.7%	113.9%	148.4%	215.7%
Liabilities
Accounts Payable	18.9%	16.1%	16.3%	14.7%	14.5%
Accrued Liabilities	16.5%	25.5%	21.7%	19.0%	16.1%
Current Portion of Long Term Debt	7.0%	7.4%	9.2%	2.9%	18.2%
Other Current Liabilities	2.7%	0.8%	0.8%	1.0%	1.8%
Total Current Liabilities	62.0%	65.9%	62.4%	49.6%	57.0%
Long Term Debt	62.6%	62.6%	57.2%	70.1%	81.6%
Operating Lease Liabilities Noncurrent	2.1%	2.0%	2.8%	3.2%	3.2%
Deferred Tax Liabilities	0.0%	1.2%	1.2%	4.0%	8.3%
Other Noncurrent Liabilities	2.7%	0.8%	0.8%	1.0%	1.8%
Total Liabilities	129.4%	133.7%	126.8%	132.1%	159.4%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	31.0%	32.5%	33.6%	38.0%	56.2%
Retained Earnings	151.1%	153.9%	149.0%	161.2%	223.2%
Treasury Stock	201.8%	201.7%	193.9%	181.3%	221.7%
Accumulated Other Comprehensive Income	-1.1%	-1.6%	-1.5%	-1.6%	-1.3%
Total Stockholders Equity	-20.7%	-16.9%	-12.8%	16.3%	56.4%
Total Liabilitiesand Equity	108.7%	116.7%	113.9%	148.4%	215.7%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $26.9B

Operating income $8.8B

Net income $5.4B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	3.2%	4.4%	7.3%	4.5%	4.8%
Expenses Depreciation and Amortization	2.3%	2.5%	2.4%	2.6%	3.8%
Expenses Share Based Compensation	2.3%	2.5%	2.5%	2.4%	3.4%
Expenses Operating Expenses	67.2%	68.2%	72.7%	70.1%	77.2%
Other Income Expense Operating Income	32.8%	31.8%	27.3%	29.9%	22.8%
Other Income Expense Other Income/expense	-4.8%	-0.3%	-2.2%	-5.9%	-6.4%
Other Income Expense Income Before Tax	25.4%	30.7%	25.7%	23.0%	13.4%
Income Tax Income Tax Expense	5.3%	5.9%	5.6%	5.1%	2.7%
net Income net Income	20.1%	24.8%	20.1%	17.9%	10.6%
net Income Comprehensive Income	20.4%	24.6%	19.8%	17.2%	10.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.1%	0.1%	0.2%	0.2%	0.4%
Earnings Per Share Weighted Average Shares Diluted	0.1%	0.1%	0.2%	0.2%	0.4%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $9.4B

Investing cash flow $-313.0M

Financing cash flow $-8.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	20.1%	24.8%	20.1%	17.9%	10.6%
Operating Activities Depreciation and Amortization	2.3%	2.5%	2.4%	2.6%	3.8%
Operating Activities Stock Based Compensation	2.3%	2.5%	2.5%	2.4%	3.4%
Operating Activities Deferred Income Taxes	-1.9%	0.4%	-2.2%	-1.5%	-4.1%
Operating Activities Changes In Operating Assets and Liabilities	2.3%	2.2%	5.5%	8.5%	9.1%
Operating Activities net Cash From Operating Activities	35.0%	35.1%	34.4%	38.3%	25.7%
Investing Activities Capital Expenditures	1.2%	1.8%	1.6%	2.2%	2.8%
Investing Activities Purchases of Investments	0.0%	0.1%	0.1%	4.5%	0.2%
Investing Activities Other Investing Activities	-0.0%	-0.0%	-0.0%	0.1%	0.0%
Investing Activities net Cash From Investing Activities	-1.2%	0.5%	7.0%	-3.0%	-9.1%
Financing Activities Proceeds From Debt	13.7%	20.4%	8.9%	21.2%	18.4%
Financing Activities Repayment of Debt	18.5%	5.5%	2.3%	11.0%	28.0%
Financing Activities Repurchase of Common Stock	23.9%	27.4%	48.6%	38.7%	1.5%
Financing Activities Dividends Paid	4.6%	4.9%	0.0%	0.0%	—
Financing Activities Proceeds From Stock Issuance	0.1%	0.1%	0.6%	0.0%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	2.0%	1.5%	0.9%	1.0%	1.5%
Financing Activities Other Financing Activities	0.2%	-0.2%	-0.3%	-0.1%	-0.3%
Financing Activities net Cash From Financing Activities	-33.1%	-17.7%	-41.7%	-28.7%	-11.3%
Cash Reconciliation Effect of Exchange Rate On Cash	3.3%	-0.8%	-0.2%	-0.2%	-0.1%
Cash Reconciliation net Change In Cash	4.0%	17.1%	-0.5%	6.4%	5.2%
Cash Reconciliation Cash At Beginning of Period	64.2%	68.2%	56.8%	71.7%	101.8%
Cash Reconciliation Cash At End of Period	64.2%	68.2%	56.8%	71.7%	101.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+32.8%	+31.8%	+27.3%	+29.9%	+22.8%
Net margin	+20.1%	+24.8%	+20.1%	+17.9%	+10.6%
FCF margin	+33.8%	+33.3%	+32.8%	+36.2%	+23.0%
Growth
Revenue CAGR (3y)	+16.3%	+29.4%	+46.5%	+4.3%	-9.0%
Returns
ROE	-96.9%	-146.3%	-156.3%	+109.9%	+18.9%
ROA	+18.5%	+21.2%	+17.6%	+12.1%	+4.9%
ROIC	-169.8%	-168.6%	-657.0%	+131.9%	+33.3%
Liquidity
Current ratio	1.33x	1.31x	1.28x	1.86x	2.10x
Quick ratio	1.16x	1.16x	1.05x	1.62x	1.96x
Leverage
D/E	-6.25x	-7.89x	-9.87x	8.12x	2.83x
Interest coverage	—	—	6.51x	13.05x	7.47x
Efficiency
Asset turnover	0.92x	0.86x	0.88x	0.67x	0.46x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Booking Holdings

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history