Booking Holdings (BKNG) Debt to Equity (2009 - 2026)
Booking Holdings (BKNG) reported Debt to Equity of -$2.11 for Q1 2026, up 19.5% on a YoY basis from -$1.77 in Q1 2025, and up 37.16% quarter-over-quarter from -$3.36 in Q4 2025.
Booking Holdings (BKNG) Debt to Equity (2009 - 2026) Analysis & Trends
Booking Holdings has reported Debt to Equity for 18 years, with the latest figure at -$2.11 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 19.5% year-over-year to -$2.11; the trailing twelve-month figure through Mar 2026 stood at -$2.11 (up 19.5% YoY), and the FY2025 full-year result was -$3.36, up 18.65% from the prior year.
- Debt to Equity for Q1 2026 stood at -$2.11, up from -$3.36 in the prior quarter.
- The five-year high for Debt to Equity was $11.29 in Q1 2023, with the low at -$22.03 in Q3 2023.
- Historically, Debt to Equity has averaged -$3.33 across 5 years, with a median of -$3.36 in 2025.
- Annual changes were most pronounced in 2022 — Debt to Equity jumped 1236.17% — and 2023, when it plunged 992.76%.
- Booking Holdings' Debt to Equity stood at $4.49 in 2022, then tumbled by 215.18% to -$5.17 in 2023, then grew by 20.12% to -$4.13 in 2024, then climbed by 18.65% to -$3.36 in 2025, then soared by 37.16% to -$2.11 in 2026.
- The last three Debt to Equity figures came in at -$2.11 (Q1 2026), -$3.36 (Q4 2025), and -$3.59 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -2.11 |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 0.32 |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.01 |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 1.94 |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 2.43 |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 6.23 |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.94 |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 0.18 |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.11 |
| Dec 31, 2025 | -3.36 |
| Sep 30, 2025 | -3.59 |
| Jun 30, 2025 | -2.77 |
| Mar 31, 2025 | -2.62 |
| Dec 31, 2024 | -4.13 |
| Sep 30, 2024 | -4.44 |
| Jun 30, 2024 | -3.93 |
| Mar 31, 2024 | -4.17 |
| Dec 31, 2023 | -5.17 |
| Sep 30, 2023 | -22.03 |
| Jun 30, 2023 | -21.13 |
| Mar 31, 2023 | 11.29 |
| Dec 31, 2022 | 4.49 |
| Sep 30, 2022 | 2.50 |
| Jun 30, 2022 | 2.37 |
| Mar 31, 2022 | 2.23 |
| Dec 31, 2021 | 0.34 |
| Sep 30, 2021 | 1.99 |
| Jun 30, 2021 | 2.54 |