Booking Holdings (BKNG) Debt Ratio (2009 - 2026)

Booking Holdings (BKNG) reported Debt Ratio of 0.66 for Q1 2026, up 12.72% on a YoY basis from 0.59 in Q1 2025, and up 3.75% quarter-over-quarter from 0.64 in Q4 2025.

Booking Holdings (BKNG) Debt Ratio (2009 - 2026) Analysis & Trends

Booking Holdings has reported Debt Ratio for 18 years, with the latest figure at 0.66 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 12.72% year-over-year to 0.66; the trailing twelve-month figure through Mar 2026 stood at 0.66 (up 12.72% YoY), and the FY2025 full-year result was 0.64, up 6.88% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.66, up from 0.64 in the prior quarter.
  • The five-year high for Debt Ratio was 0.66 in Q1 2026, with the low at 0.39 in Q2 2022.
  • Historically, Debt Ratio has averaged 0.55 across 5 years, with a median of 0.58 in 2023.
  • The largest YoY upside for Debt Ratio was 460.88% in 2022 against a maximum downside of 25.39% in 2022.
  • Booking Holdings' Debt Ratio stood at 0.49 in 2022, then climbed by 18.36% to 0.58 in 2023, then advanced by 2.8% to 0.6 in 2024, then climbed by 6.88% to 0.64 in 2025, then grew by 3.75% to 0.66 in 2026.
  • The last three Debt Ratio figures came in at 0.66 (Q1 2026), 0.64 (Q4 2025), and 0.59 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 0.66
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 0.09
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.47
4 Carnival 37.80 Bn 36.39 Bn - 0.49
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.17
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 0.64
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 0.30
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 0.12
10 MakeMyTrip 2.12 Bn 1.35 Bn - 0.80

Historic Data

Download Data
DateValue
Mar 31, 2026 0.66
Dec 31, 2025 0.64
Sep 30, 2025 0.59
Jun 30, 2025 0.60
Mar 31, 2025 0.59
Dec 31, 2024 0.60
Sep 30, 2024 0.58
Jun 30, 2024 0.59
Mar 31, 2024 0.61
Dec 31, 2023 0.58
Sep 30, 2023 0.54
Jun 30, 2023 0.53
Mar 31, 2023 0.48
Dec 31, 2022 0.49
Sep 30, 2022 0.42
Jun 30, 2022 0.39
Mar 31, 2022 0.44
Dec 31, 2021 0.09
Sep 30, 2021 0.47
Jun 30, 2021 0.51