Booking Holdings (BKNG) EBITDA Margin (2009 - 2026)
Booking Holdings' (BKNG) quarterly EBITDA Margin came in at 34.0% in Q2 2026, up 91.0% on a YoY basis from 17.8% in Q2 2025, and up 48.0% quarter-over-quarter from 22.98% in Q1 2026.
Analysis
Booking Holdings (BKNG) EBITDA Margin (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has reported EBITDA Margin for 18 consecutive years, with 34.0% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBITDA Margin rose 91.0% year-over-year to 34.0%; the trailing twelve-month figure through Jun 2026 stood at 32.87% (up 3.0% YoY), and the FY2025 full-year result was 32.79%, up 96.0% from the prior year.
- EBITDA Margin grew to 34.0% in Q2 2026 per BKNG's latest filing, from 22.98% in the prior quarter.
- Across five years, EBITDA Margin topped out at 42.68% in Q3 2022 and bottomed at 6.46% in Q1 2022.
- Historically, EBITDA Margin has averaged 28.18% across 5 years, with a median of 31.64% in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA Margin jumped 3371 bps in 2022, then slumped 2049 bps in 2023.
- Over 5 years, EBITDA Margin stood at 33.22% in 2022, then tumbled by 62 bps to 12.73% in 2023, then soared by 148 bps to 31.6% in 2024, then climbed by 1 bps to 31.97% in 2025, then advanced by 6 bps to 34.0% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 34.0%, 22.98%, and 31.97% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | 14.55% |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 34.00% |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | 24.62% |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 21.01% |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 6.72% |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 21.57% |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 23.57% |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | 13.71% |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | - |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 18.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.00% |
| Mar 31, 2026 | 22.98% |
| Dec 31, 2025 | 31.97% |
| Sep 30, 2025 | 38.67% |
| Jun 30, 2025 | 33.10% |
| Mar 31, 2025 | 22.30% |
| Dec 31, 2024 | 31.60% |
| Sep 30, 2024 | 39.77% |
| Jun 30, 2024 | 31.68% |
| Mar 31, 2024 | 17.92% |
| Dec 31, 2023 | 12.73% |
| Sep 30, 2023 | 42.27% |
| Jun 30, 2023 | 30.63% |
| Mar 31, 2023 | 11.91% |
| Dec 31, 2022 | 33.22% |
| Sep 30, 2022 | 42.68% |
| Jun 30, 2022 | 23.29% |
| Mar 31, 2022 | 6.46% |
| Dec 31, 2021 | 28.45% |
| Sep 30, 2021 | 43.09% |