Booking Holdings (BKNG) Cost of Revenue (2009 - 2026)
Booking Holdings (BKNG) reported Cost of Revenue of $2.1 billion for Q1 2026, up 16.38% on a YoY basis from $1.8 billion in Q1 2025, and up 7.15% quarter-over-quarter from $1.9 billion in Q4 2025.
Booking Holdings (BKNG) Cost of Revenue (2009 - 2026) Analysis & Trends
Booking Holdings has reported Cost of Revenue for 18 years, with the latest figure at $2.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 16.38% year-over-year to $2.1 billion; the trailing twelve-month figure through Mar 2026 stood at $8.5 billion (up 13.86% YoY), and the FY2025 full-year result was $8.2 billion, up 12.48% from the prior year.
- Cost of Revenue for Q1 2026 stood at $2.1 billion, up from $1.9 billion in the prior quarter.
- The five-year high for Cost of Revenue was $2.3 billion in Q3 2025, with the low at $1.1 billion in Q1 2022.
- Historically, Cost of Revenue has averaged $1.8 billion across 5 years, with a median of $1.8 billion in 2022.
- Annual changes were most pronounced in 2022 — Cost of Revenue jumped 148.81% — and 2023, when it increased 3.68%.
- Booking Holdings' Cost of Revenue stood at $1.3 billion in 2022, then grew by 9.06% to $1.4 billion in 2023, then rose by 10.12% to $1.6 billion in 2024, then advanced by 22.31% to $1.9 billion in 2025, then gained by 7.15% to $2.1 billion in 2026.
- The last three Cost of Revenue figures came in at $2.1 billion (Q1 2026), $1.9 billion (Q4 2025), and $2.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 2.07 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 581.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.25 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 377.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 1.38 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 126.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 35.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 463.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |