Booking Holdings (BKNG) FCF Margin (2009 - 2026)
Booking Holdings' FCF Margin came in at 12.02% for Q3 2026, down 3.20 percentage points from 15.22% a year earlier and down 37.53 percentage points from the prior quarter.
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Analysis
Booking Holdings (BKNG) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Booking Holdings reported FCF Margin of 32.84%, up 0.91 percentage points year-over-year; for FY2025, it was 33.76%, up 0.51 percentage points from FY2024.
- FCF Margin carries a five-year change of +36.72 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 33.25% in FY2024 (+0.49 pp), 32.76% in FY2023 (-3.44 pp), 36.20% in FY2022 (+13.24 pp) and 22.96% in FY2021 (+25.92 pp).
- The Q3 2026 figure represents the lowest quarterly FCF Margin since Q4 2024.
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of -1.72 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q1 2022 (a gain of 82.69 percentage points), and the weakest in Q3 2022 (a drop of 34.03 percentage points).
- Business Quant data shows BKNG's FCF Margin at 49.55% (Q2 2026), 56.18% (Q1 2026) and 22.32% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | -7.11% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | -1.79% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 22.40% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 33.69% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 21.81% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 17.17% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 65.40% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 15.01% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 12.02% |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 22.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.02% |
| 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% |
API Access
Booking Holdings FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=BKNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "BKNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=BKNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();