Booking BKNG
- Market cap
- $117.1B
- PE
- 17.2×
- 10y median 32.2×
- Forward PE
- 14.0×
- 10y median 23.3×
- Price to sales
- 4.1×
- EV/EBIT
- 11.9×
- Revenue, 12 months
- $28.2B
- +13% on a year ago
- Net margin
- 25.5%
- Free cash flow yield
- 8.1%
Booking trades at 17.2× trailing earnings, cheaper than 98% of the last ten years. Revenue was $28.2B over the last twelve months, up 13% on a year earlier with a 26% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $7.3B+21% | $4.8B+18% | $4.4B+17% | $5.9B+7% | $8B+9% | $5.5B+14% | $4.8B+8% | $6.8B+16% | $9B+13% | $6.3B+16% | $5.5B+16% | $7.4B+8% | |
| Cost of revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross profit | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $2.3B+13% | $2.2B+34% | $1.8B+1% | $2.1B−0% | $2.7B+17% | $1.7B−20% | $1.9B+7% | $2.3B+14% | $2.6B−5% | $2.2B+26% | $2.2B+13% | $2.6B+11% |
| $3.1B+20% | $609M−55% | $791M+76% | $1.9B+11% | $3.2B+2% | $1.7B+184% | $1.1B+34% | $2.3B+21% | $3.5B+10% | $2B+17% | $1.3B+20% | $2.5B+11% | |
| Interest expense | $254M+149% | $208M+43% | $219M+13% | $264M+10% | $305M+20% | $507M+144% | $649M+196% | $418M+58% | $301M−1% | $249M−51% | $253M−61% | $300M−28% |
| Pre-tax income | $3.1B+45% | $411M−72% | $937M+209% | $1.9B+19% | $2.9B−9% | $1.6B+281% | $396M−58% | $1.1B−43% | $3.5B+21% | $1.9B+19% | $1.4B+253% | $2.6B+132% |
| $638M+25% | $189M−13% | $161M+335% | $401M+22% | $352M−45% | $496M+162% | $63M−61% | $209M−48% | $721M+105% | $435M−12% | $316M+402% | $610M+192% | |
| Net income | $2.5B+51% | $222M−82% | $776M+192% | $1.5B+18% | $2.5B+0% | $1.1B+381% | $333M−57% | $895M−41% | $2.7B+9% | $1.4B+34% | $1.1B+225% | $1.9B+118% |
| $2.79+66% | $0.25−80% | $0.89+220% | $1.78+27% | $2.97+7% | $1.28+407% | $0.40−55% | $1.10−38% | $3.38+14% | $1.77+38% | $1.36+240% | $2.53+130% | |
| 899.7M−9% | 880.5M−9% | 867.6M−9% | 856.7M−7% | 846.6M−6% | 835.7M−5% | 827M−5% | 815M−5% | 814M−4% | 807.4M−3% | 794M−4% | 770M−6% |
Net income: 42 periods, Q1 FY16 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 9 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 15 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY17 and Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $9.5B | $9.4B to $9.7B | $4.49 | $4.31 to $4.64 | 18 |
| Q4 FY26 | $6.8B | $6.7B to $6.9B | $2.31 | $2.20 to $2.59 | 18 |
| Q1 FY27 | $5.9B | $5.8B to $6.1B | $1.38 | $1.34 to $1.43 | 8 |
| Q2 FY27 | $8B | $7.9B to $8.3B | $2.94 | $2.85 to $3.05 | 8 |
| Q3 FY27 | $10.5B | $10.2B to $10.7B | $5.21 | $5.05 to $5.39 | 12 |
| Q4 FY27 | $7.4B | $7.3B to $7.6B | $2.71 | $2.63 to $2.81 | 8 |
| Q1 FY28 | $6.5B | $6.3B to $6.6B | $1.65 | $1.60 to $1.71 | 17 |
| Q2 FY28 | $8.6B | $8.4B to $8.9B | $3.59 | $3.48 to $3.72 | 11 |
Peers
Companies in Travel Services nearest Booking's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| BKNGBooking | $117.1B | 17.2× | 32.2× | 14.0× | 4.1× | +13% | 25.5% |
| ABNBAirbnb | $103B | 39.1× | 34.8× | 30.1× | 7.8× | +14% | 20.4% |
| RCLRoyal Caribbean Cruises | $73.9B | 17.1× | 17.0× | 14.6× | 4.0× | +9% | 23.5% |
| CCLCarnival | $35.1B | 11.5× | 15.0× | 10.9× | 1.3× | +5% | 11.4% |
| EXPEExpedia | $34.7B | 18.0× | 31.7× | 12.8× | 2.2× | +12% | 13.0% |
| ROLRollins | $16.8B | 31.7× | 53.8× | n/m | 4.3× | +10% | 13.6% |
| Peer median | $35.1B | 18.0× | 31.7× | 13.7× | 4.0× | +10% | 13.6% |
Investors who own it
Investors we follow who held Booking at the end of Jun 30, 2026, from their 13F filings.
- François RochonGiverny Capital3.1% of portfolioadded
- Bill NygrenHarris Associates (Oakmark)0.4% of portfolionew
- Baillie GiffordBaillie Gifford0.0% of portfolioadded
More on Booking
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #7of 329Consumer cyclical stocks with the highest profit margins
- #3of 22Travel stocks with the highest profit margins
- #2of 12Travel stocks cheapest against their own PE history
- #6of 27Consumer cyclical stocks with the lowest PEG ratio
- #5of 21Travel stocks with the lowest EV/EBIT
- #6of 18Travel stocks with the fastest earnings growth
- #8of 22Travel stocks with the fastest revenue growth
- #6of 14Travel stocks with the highest free cash flow yield
Its groups
About
- Industry
- Travel Services
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .