Booking Holdings (BKNG) FCF Margin (2009 - 2026)
Booking Holdings' (BKNG) quarterly FCF Margin came in at 49.55% in Q2 2026, up 341.0% on a YoY basis from 11.24% in Q2 2025, and down 11.8% quarter-over-quarter from 56.18% in Q1 2026.
Analysis
Booking Holdings (BKNG) FCF Margin (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has reported FCF Margin for 18 consecutive years, with 49.55% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 341.0% year-over-year to 49.55%; the trailing twelve-month figure through Jun 2026 stood at 33.78% (down 315.0% YoY), and the FY2025 full-year result was 33.76%, up 51.0% from the prior year.
- FCF Margin fell to 49.55% in Q2 2026 per BKNG's latest filing, from 56.18% in the prior quarter.
- Across five years, FCF Margin topped out at 74.14% in Q1 2023 and bottomed at 1.59% in Q3 2022.
- Historically, FCF Margin has averaged 39.61% across 5 years, with a median of 43.38% in 2024.
- The widest YoY moves for FCF Margin: up 8269 bps in 2022, down 3403 bps in 2022.
- Over 5 years, FCF Margin stood at 51.82% in 2022, then plunged by 49 bps to 26.17% in 2023, then slumped by 55 bps to 11.79% in 2024, then soared by 89 bps to 22.32% in 2025, then jumped by 122 bps to 49.55% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 49.55%, 56.18%, and 22.32% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | 33.57% |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 49.55% |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | 22.77% |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 35.20% |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 31.67% |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 10.40% |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 29.64% |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | 46.12% |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | - |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 23.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.55% |
| Mar 31, 2026 | 56.18% |
| Dec 31, 2025 | 22.32% |
| Sep 30, 2025 | 15.22% |
| Jun 30, 2025 | 46.15% |
| Mar 31, 2025 | 66.40% |
| Dec 31, 2024 | 11.79% |
| Sep 30, 2024 | 28.72% |
| Jun 30, 2024 | 40.60% |
| Mar 31, 2024 | 58.30% |
| Dec 31, 2023 | 26.17% |
| Sep 30, 2023 | 17.72% |
| Jun 30, 2023 | 30.12% |
| Mar 31, 2023 | 74.14% |
| Dec 31, 2022 | 51.82% |
| Sep 30, 2022 | -1.59% |
| Jun 30, 2022 | 60.50% |
| Mar 31, 2022 | 58.85% |
| Dec 31, 2021 | 5.97% |
| Sep 30, 2021 | 32.44% |