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
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