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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Booking Holdings (BKNG) FCF Margin (2016 - 2025)

Booking Holdings' FCF Margin history spans 17 years, with the latest figure at 22.32% for Q4 2025.

  • For Q4 2025, FCF Margin rose 1053.0% year-over-year to 22.32%; the TTM value through Dec 2025 reached 33.76%, up 51.0%, while the annual FY2025 figure was 33.76%, 51.0% up from the prior year.
  • FCF Margin reached 22.32% in Q4 2025 per BKNG's latest filing, up from 15.22% 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 23.84% in Q1 2021.
  • Average FCF Margin over 5 years is 33.62%, with a median of 31.28% recorded in 2021.
  • The largest YoY upside for FCF Margin was 8269bps in 2022 against a maximum downside of -3403bps in 2022.
  • A 5-year view of FCF Margin shows it stood at 5.97% in 2021, then surged by 768bps to 51.82% in 2022, then plummeted by -49bps to 26.17% in 2023, then tumbled by -55bps to 11.79% in 2024, then soared by 89bps to 22.32% in 2025.
  • Per Business Quant, the three most recent readings for BKNG's FCF Margin are 22.32% (Q4 2025), 15.22% (Q3 2025), and 46.15% (Q2 2025).