Booking Holdings (BKNG) FCF Margin (2009 - 2026)
Booking Holdings (BKNG) posted FCF Margin of 56.18% for Q1 2026, up 151.73% on a QoQ basis from 22.32% in Q4 2025, and down 1022.0% year-over-year from 6.09% in Q1 2025.
Booking Holdings (BKNG) FCF Margin (2009 - 2026) Analysis & Trends
Booking Holdings' FCF Margin history runs 18 years deep, the most recent figure standing at 56.18% for 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 was 56.18% for Q1 2026 at Booking Holdings, up from 22.32% 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.
- A 5-year average of 39.02% and a median of 40.6% in 2024 frame the typical range for FCF Margin.
- Peak annual rise in FCF Margin reached 8269 bps in 2022, while the deepest fall reached 3403 bps in 2022.
- Booking Holdings' 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 soared by 152 bps to 56.18% in 2026.
- Business Quant data shows BKNG's FCF Margin at 56.18% in Q1 2026, 22.32% in Q4 2025, and 15.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 56.18% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 29.96% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 63.78% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -7.15% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 57.75% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 26.34% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 109.37% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -26.82% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 18.57% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 50.60% |