Booking Holdings (BKNG) FCF Margin (2009 - 2026)
Booking Holdings' (BKNG) quarterly FCF Margin came in at 56.18% in Q1 2026, down 1022.0% YoY from 6.09% in Q1 2025, and up 151.73% on a QoQ basis from 22.32% in Q4 2025.
Booking Holdings (BKNG) FCF Margin (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has 18 years of FCF Margin data on file, last reported at 56.18% in Q1 2026.
- Quarterly FCF Margin fell 1022.0% year-over-year to 56.18% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 32.63% (down 259.0% YoY) and the FY2025 annual result came in at 33.76%, up 51.0% from the prior year.
- FCF Margin grew to 56.18% in Q1 2026, from 22.32% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 74.14% in Q1 2023 to a low of 1.59% in Q3 2022.
- A 5-year average of 39.02% and a median of 40.6% in 2024 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 8269 bps in 2022, down 3403 bps in 2022.
- Tracing BKNG's FCF Margin over 5 years: stood at 51.82% in 2022, then slumped by 49 bps to 26.17% in 2023, then plunged by 55 bps to 11.79% in 2024, then jumped by 89 bps to 22.32% in 2025, then jumped by 152 bps to 56.18% in 2026.
- The last three FCF Margin figures came in at 56.18% (Q1 2026), 22.32% (Q4 2025), and 15.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.61 Bn | 142.39 Bn | 4.98 Bn | 49.55% |
| 2 | Airbnb | 106.75 Bn | 94.68 Bn | 2.98 Bn | 35.20% |
| 3 | Royal Caribbean Cruises | 81.39 Bn | 80.47 Bn | 2.29 Bn | -18.15% |
| 4 | Viking Holdings | 44.76 Bn | 40.96 Bn | 713.43 Mn | 57.75% |
| 5 | Expedia | 39.05 Bn | 31.92 Bn | 3.91 Bn | 29.64% |
| 6 | Carnival | 38.43 Bn | 36.19 Bn | - | 26.34% |
| 7 | Trip.com | 29.11 Bn | 17.42 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.48 Bn | 8.26 Bn | 1.05 Bn | 5.49% |
| 9 | MakeMyTrip | 5.85 Bn | 5.07 Bn | 212.91 Mn | 9.35% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 11.84% |
Historic Data
Download 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% |