Booking Holdings (BKNG) Invested Capital (2009 - 2026)
Booking Holdings (BKNG) posted Invested Capital of $3.0 billion for Q1 2026, up 60.37% on a QoQ basis from $1.9 billion in Q4 2025, and up 360.31% year-over-year from $655.0 million in Q1 2025.
Booking Holdings (BKNG) Invested Capital (2009 - 2026) Analysis & Trends
Booking Holdings' Invested Capital history runs 17 years deep, the most recent figure standing at $3.0 billion for Q1 2026.
- Quarterly Invested Capital rose 360.31% year-over-year to $3.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 16.61% YoY) and the FY2025 annual result came in at $1.9 billion, up 7.74% from the prior year.
- Invested Capital was $3.0 billion for Q1 2026 at Booking Holdings, up from $1.9 billion in the prior quarter.
- Across five years, Invested Capital topped out at $3.5 billion in Q1 2024 and bottomed at $500.0 million in Q4 2022.
- A 5-year average of $1.7 billion and a median of $1.3 billion in 2022 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2025 — Invested Capital slumped 81.08% — and 2026, when it jumped 360.31%.
- Booking Holdings' Invested Capital stood at $500.0 million in 2022, then jumped by 292.2% to $2.0 billion in 2023, then declined by 11.01% to $1.7 billion in 2024, then rose by 7.74% to $1.9 billion in 2025, then surged by 60.37% to $3.0 billion in 2026.
- Business Quant data shows BKNG's Invested Capital at $3.0 billion in Q1 2026, $1.9 billion in Q4 2025, and $999.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 3.02 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 1.45 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | - |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 7.65 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 374.61 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 1.47 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 15.61 Bn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | - |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 62.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.02 Bn |
| Dec 31, 2025 | 1.88 Bn |
| Sep 30, 2025 | 999.00 Mn |
| Jun 30, 2025 | 999.00 Mn |
| Mar 31, 2025 | 655.00 Mn |
| Dec 31, 2024 | 1.75 Bn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 3.45 Bn |
| Mar 31, 2024 | 3.46 Bn |
| Dec 31, 2023 | 1.96 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 855.00 Mn |
| Mar 31, 2023 | 854.00 Mn |
| Dec 31, 2022 | 500.00 Mn |
| Sep 30, 2022 | 1.23 Bn |
| Jun 30, 2022 | 1.28 Bn |
| Mar 31, 2022 | 1.33 Bn |
| Dec 31, 2021 | 1.99 Bn |
| Sep 30, 2021 | 1.16 Bn |
| Jun 30, 2021 | 2.18 Bn |