Booking profit margin BKNG
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 25.5%
- Operating margin, 12 months
- 32.9%
- Net margin on a year earlier
- +6.3 pts
- Peer median
- 13.6%
Over the twelve months to Jun 30, 2026, Booking kept 25.5% of its revenue as net profit, with an operating margin of 32.9%.
Five years earlier its net margin was 5.8%.
The median for 5 travel stocks of a similar size is 13.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 20.1% | 32.8% | n/a |
| FY2024 | 24.8% | 31.8% | n/a |
| FY2023 | 20.1% | 27.3% | n/a |
| FY2022 | 17.9% | 29.9% | n/a |
| FY2021 | 10.6% | 22.8% | n/a |
| FY2020 | 0.9% | −9.3% | n/a |
| FY2019 | 32.3% | 35.5% | n/a |
| FY2018 | 27.5% | 36.8% | n/a |
| FY2017 | 18.5% | 35.8% | 98.1% |
| FY2016 | 19.9% | 27.1% | 96.0% |
| FY2015 | 27.7% | 35.3% | 93.1% |
| FY2014 | 28.7% | 36.4% | 89.8% |
| FY2013 | 27.9% | 35.5% | 84.1% |
| FY2012 | 27.1% | 34.8% | 77.6% |
| FY2011 | 24.3% | 32.1% | 70.7% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 25.5% | +6.3 pts | 32.9% | |
| Q1 FY26 | 22.2% | −0.4 pts | 32.6% | |
| Q4 FY25 | 20.1% | −4.7 pts | 32.8% | |
| Q3 FY25 | 19.4% | −2.5 pts | 32.7% | |
| Q2 FY25 | 19.2% | −3.2 pts | 32.8% | |
| Q1 FY25 | 22.6% | +0.8 pts | 32.5% | |
| Q4 FY24 | 24.8% | +4.7 pts | 31.8% | |
| Q3 FY24 | 21.8% | −3.9 pts | 27.9% | |
| Q2 FY24 | 22.5% | −0.6 pts | 28.4% | |
| Q1 FY24 | 21.8% | −0.3 pts | 28.1% | |
| Q4 FY23 | 20.1% | +2.2 pts | 27.3% | |
| Q3 FY23 | 25.7% | +10.5 pts | 31.9% |
Against its peers
Companies in Travel Services nearest Booking's size, closest first, today.
| Company | Profit margin |
|---|---|
| BKNGBooking | 25.5% |
| ABNBAirbnb | 20.4% |
| RCLRoyal Caribbean Cruises | 23.5% |
| CCLCarnival | 11.4% |
| EXPEExpedia | 13.0% |
| ROLRollins | 13.6% |
| Peer median | 13.6% |
Where Booking ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Booking
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.