Booking Holdings (BKNG) Invested Capital (2009 - 2026)
Booking Holdings' (BKNG) quarterly Invested Capital came in at $9.4 billion in Q2 2026, down 26.67% on a YoY basis from $12.8 billion in Q2 2025, and down 3.01% quarter-over-quarter from $9.7 billion in Q1 2026.
Analysis
Booking Holdings (BKNG) Invested Capital (2009 - 2026) Analysis & Trends
Booking Holdings (BKNG) has reported Invested Capital for 18 consecutive years, with $9.4 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital fell 26.67% year-over-year to $9.4 billion; the trailing twelve-month figure through Jun 2026 stood at $9.4 billion (down 26.67% YoY), and the FY2025 full-year result was $13.2 billion, down 8.13% from the prior year.
- Invested Capital slipped to $9.4 billion in Q2 2026 per BKNG's latest filing, from $9.7 billion in the prior quarter.
- Across five years, Invested Capital topped out at $16.3 billion in Q1 2024 and bottomed at $9.4 billion in Q2 2026.
- Historically, Invested Capital has averaged $13.3 billion across 5 years, with a median of $13.3 billion in 2023.
- The sharpest annual moves came in 2024 and 2025: Invested Capital climbed 23.56% in 2024, then sank 35.21% in 2025.
- Over 5 years, Invested Capital stood at $15.8 billion in 2022, then slipped by 15.01% to $13.4 billion in 2023, then climbed by 6.88% to $14.3 billion in 2024, then declined by 8.13% to $13.2 billion in 2025, then dropped by 28.58% to $9.4 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $9.4 billion, $9.7 billion, and $13.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | 175.19 Bn |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 9.40 Bn |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | 65.95 Bn |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 10.28 Bn |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 18.46 Bn |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 11.40 Bn |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 7.93 Bn |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | - |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | - |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 2.24 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.40 Bn |
| Mar 31, 2026 | 9.69 Bn |
| Dec 31, 2025 | 13.16 Bn |
| Sep 30, 2025 | 13.26 Bn |
| Jun 30, 2025 | 12.81 Bn |
| Mar 31, 2025 | 10.57 Bn |
| Dec 31, 2024 | 14.32 Bn |
| Sep 30, 2024 | 14.98 Bn |
| Jun 30, 2024 | 15.98 Bn |
| Mar 31, 2024 | 16.31 Bn |
| Dec 31, 2023 | 13.40 Bn |
| Sep 30, 2023 | 13.14 Bn |
| Jun 30, 2023 | 13.39 Bn |
| Mar 31, 2023 | 13.20 Bn |
| Dec 31, 2022 | 15.77 Bn |
| Sep 30, 2022 | 12.85 Bn |
| Jun 30, 2022 | 13.48 Bn |
| Mar 31, 2022 | 14.14 Bn |
| Dec 31, 2021 | 17.10 Bn |
| Sep 30, 2021 | 16.58 Bn |