Booking Holdings (BKNG) Cost of Revenue (2009 - 2026)

Booking Holdings (BKNG) posted Cost of Revenue of $2.1 billion for Q1 2026, up 7.15% on a QoQ basis from $1.9 billion in Q4 2025, and up 16.38% year-over-year from $1.8 billion in Q1 2025.

Booking Holdings (BKNG) Cost of Revenue (2009 - 2026) Analysis & Trends

Booking Holdings' Cost of Revenue history runs 18 years deep, the most recent figure standing at $2.1 billion for Q1 2026.

  • Quarterly Cost of Revenue rose 16.38% year-over-year to $2.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.5 billion (up 13.86% YoY) and the FY2025 annual result came in at $8.2 billion, up 12.48% from the prior year.
  • Cost of Revenue was $2.1 billion for Q1 2026 at Booking Holdings, up from $1.9 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.3 billion in Q3 2025 and bottomed at $1.1 billion in Q1 2022.
  • A 5-year average of $1.8 billion and a median of $1.8 billion in 2022 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2022 — Cost of Revenue jumped 148.81% — and 2023, when it advanced 3.68%.
  • Booking Holdings' Cost of Revenue stood at $1.3 billion in 2022, then rose by 9.06% to $1.4 billion in 2023, then advanced by 10.12% to $1.6 billion in 2024, then grew by 22.31% to $1.9 billion in 2025, then climbed by 7.15% to $2.1 billion in 2026.
  • Business Quant data shows BKNG's Cost of Revenue at $2.1 billion in Q1 2026, $1.9 billion in Q4 2025, and $2.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Booking Holdings 147.33 Bn 131.30 Bn 3.46 Bn 2.07 Bn
2 Airbnb 87.74 Bn 75.73 Bn 2.10 Bn 581.00 Mn
3 Royal Caribbean Cruises 81.68 Bn 80.95 Bn 2.21 Bn 2.25 Bn
4 Yatra Online 56.40 Bn 56.37 Bn 10.44 Mn 8.41 Mn
5 Viking Holdings 45.64 Bn 41.83 Bn 713.43 Mn 1.01 Bn
6 Carnival 37.38 Bn 35.13 Bn - -
7 Expedia 33.93 Bn 31.43 Bn 3.05 Bn 377.00 Mn
8 Trip.com 29.12 Bn 17.42 Bn 1.86 Bn 483.00 Mn
9 Norwegian Cruise Line Holdings 9.10 Bn 8.91 Bn 953.34 Mn 1.38 Bn
10 MakeMyTrip 5.32 Bn 4.90 Bn 199.14 Mn 50.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.07 Bn
Mar 31, 2026 2.07 Bn
Dec 31, 2025 1.93 Bn
Dec 31, 2025 1.93 Bn
Sep 30, 2025 2.34 Bn
Sep 30, 2025 2.34 Bn
Jun 30, 2025 2.14 Bn
Jun 30, 2025 2.14 Bn
Mar 31, 2025 1.78 Bn
Mar 31, 2025 1.78 Bn
Dec 31, 2024 1.58 Bn
Dec 31, 2024 1.58 Bn
Sep 30, 2024 2.15 Bn
Sep 30, 2024 2.15 Bn
Jun 30, 2024 1.94 Bn
Jun 30, 2024 1.94 Bn
Mar 31, 2024 1.61 Bn
Mar 31, 2024 1.61 Bn
Dec 31, 2023 1.43 Bn
Dec 31, 2023 1.43 Bn