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| 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 |